RIXML Version 2.0 Available
RIXML Version 2.0 Now Available for Public Comment
RIXML.org Adds New Associate Members, Elects New Co-chairs
New York, NY, USA. June 20, 2002.
RIXML.org announced today that version 2.0 of its specification is now available for public comment on its website, www.rixml.org, for the next 30 days. RIXML version 2.0 broadens the standard by incorporating taxonomies that address fixed income, globalization, financial data, events and distribution information into the specification.
[Key Features]
The Fixed Income component leverages the existing equity taxonomy thereby enabling multi-asset class content integration. The focus for version 2.0 is the corporate fixed income product.
The Globalization / Localization component verifies that the specification is able to accommodate global enumerations and definitions, along with a global local approach to data usage.
The Financial Data effort was established to influence the adoption of existing and future financial data tagging standards within the marketplace and imbedded within processes, applications and data feeds. This component leverages the existing XBRL standard in investment research publications.
The Distribution component addresses how research is communicated between research providers and consumers, focusing on delivery of content to a defined audience type.
The Events component further defines fields and enumeration lists required to capture information surrounding calendar type events: broker meetings, conference calls, conference events, road shows, etc.
"One year ago, we released the final version of RIXML 1.0 and in that year we have substantially expanded the scope of RIXML to include areas beyond equity research, which in turn has created a more global standard for multiple asset classes," said Dave Seibert of T.Rowe Price and Buy-Side Co-Chair of the RIXML Steering Committee. "We are excited about version 2.0 and look forward to the feedback and comments from all industry participants and shifting our focus to implementation."
Feedback received during the 30-day comment period will be reviewed by RIXML.org and will be incorporated into the current specification or considered for subsequent releases. The formal RIXML version 2.0 specification is expected to be released early Q3 2002. RIXML.org has established an Implementation working group comprised of Steering and Associate members. These buy-side, sell-side, and industry participants will work towards implementing RIXML solutions by year-end.
New Associate Members
Standard and Poor's and Communicator have joined RIXML as Associate Members. RIXML.org's Associate Membership category was created in April 2001 as a way to engage all industry participants in the development of the RIXML standard. As Associate Members, organizations can get involved in the continued development of the standard and participate as members of the Standards and Technical Committees as well as the working groups within the RIXML organization.
"Over the past year we have seen a growing demand from our credit clients to create research in RIXML format," said Ken Hoffman, Director of Digital Feed Products for Standard & Poor's Credit Market Services. "We will extend our product capabilities by incorporating the RIXML standard into all electronic feeds of ratings information. The RIXML standard will allow us to distribute proprietary credit research more efficiently and with a greater benefit to our clients. This builds on our existing relationship with RIXML which adopted the MSCI/Standard & Poor's Global Industry Classification Standard last year."
New Committee Appointments
In order to continue the future development and implementation of the specification as well as managing organizational growth, RIXML.org also announced the following committee appointments, made during the semi-annual elections held on June 13, 2002:
- Andrew Ling, UBS Warburg, was elected new Sell-Side Steering Committee Co-Chair
- Deirdre Goldenbogen, Putnam Investments, was re-elected Buy-Side Standards Committee Co-Chair
- David Lord, UBS Warburg, was elected new Sell-Side Technical Committee Co-Chair
- Stanley Sakellson, Bear Stearns, was re-elected as Administrative Committee Co-Chair
- Andrea McElroy, Merrill Lynch, was elected new Membership Committee Chair
- Nick Harness, Morgan Stanley, was elected new Standards Liaison Co-Chair
- Kim Monaco, Morgan Stanley, was re-elected Marketing & Communications Co-Chair
"RIXML's continued growth and expansion as a global standard for investment research is a direct result of the individuals that make up RIXML.org," said Joseph Sommer, former Sell-Side Co-Chair of the RIXML Steering Committee with UBS Warburg. "Without the expertise and dedication from all involved, RIXML would not have evolved into the global standard for investment research."
About RIXML.org
RIXML.org is a consortium of buy- and sell-side financial industry leaders who joined forces to develop an open, global standard for the tagging and delivery of investment research.
RIXML.org Members
Asset Managers
American Century Investments
American Express Financial Corporation
Capital Group
Fidelity Investments
OppenheimerFunds
Putnam Investments
T. Rowe Price Group, Inc.
Broker-Dealers
Bear Stearns & Co. Inc.
Credit Suisse First Boston
Deutsche Bank
Goldman, Sachs & Co.
JPMorgan
Lehman Brothers
Merrill Lynch
Morgan Stanley
Robertson Stephens
Salomon Smith Barney
UBS Warburg
Associate Members
CCBN.com
Communicator, Inc.
Multex.com
ResearchSummary.com
Standard & Poor's
TheMarkets.com
Thomson Financial/First Call
Voicemate.com
For more information about the RIXML specification and RIXML.org, please visit the website at www.rixml.org.
Contacts
JoAnn Healy - Trimedia Inc.
Tel: 212-888-6115 Ext. 226
Email: joann@trimediapr.com
Prepared by Robin Cover for The XML Cover Pages archive. "Research Information Exchange Markup Language (RIXML)"