Formal RIXML Specification Version 1.0 to Be Released This Week
Robertson Stephens and Bear Stearns join RIXML Steering Committee Strong Response to New Associate Membership Category NEW YORK, June 20, 2001 - RIXML.org (Research Information eXchange Markup Language) announced today that the final version 1.0 of the RIXML specification will be released this week, completing a successful public comment period during which numerous comments and suggestions from research and technology professionals were received and incorporated into the specification. In addition, two more leading securities firms, Robertson Stephens and Bear Stearns & Co. Inc., have joined RIXML.org as Steering Committee members, bringing the total number of participating buy- and sell-side member firms to 17. Eight Associate Members Join RIXML.org "The feedback we received at our launch event in April, in subsequent technical review sessions, as well as through our website has been tremendous," said RIXML Steering Committee Co-chair Joseph Sommer of Credit Suisse First Boston. "As a result, our final specification truly reflects a broad consensus in the industry on what needs to be done to facilitate the process of electronic research distribution. We are also pleased at the strong initial response to our new Associate Membership category," Mr. Sommer continued. "Expanded participation in the initiative will ensure that future versions of RIXML continue to satisfy the industry’s changing requirements." The Associate Membership category enables additional buy-side and sell-side firms as well as third party service providers, consulting firms, and technology providers to participate in the Standards and Technical Committees of the organization. "Multex.com has encouraged the adoption of XML standards for financial content and research since the earliest days of XML," said John Mahoney, Chief Technology Officer, Multex.com. "The RIXML effort is clearly the leading standards effort in our industry today. We are glad to be a member of RIXML.org and fully support its important work." According to David Eisner, Chief Executive Officer of TheMarkets.com, "RIXML has laid the foundation to transform the life of fund managers and analysts using financial research and we look forward to the rapid adoption of the RIXML standard by the industry. The new associate membership category is a great way for TheMarkets.com and other service providers to be actively involved in the evolution of the RIXML standard." "We are pleased to be a part of the RIXML.org initiative," said Scott Rosen, Senior Vice President of Thomson Financial/First Call. "We are committed to making the RIXML standards an integral component of our comprehensive workflow solutions that facilitate research creation, distribution, and consumption throughout the industry.". New Committee Appointments Announced
The Membership Committee, Standards Liaison Committee, and Administration Committee are newly-formed bodies. RIXML Version 1.0 focuses on the exchange of equity research and is already being used in proof-of-concept trials with research producers and institutional users. These trials will provide additional insight that can be leveraged when RIXML.org focuses on version 2.0 later this year. Beginning with version 2.0, RIXML.org will open up the standard to other types of asset classes, such as fixed-income securities and foreign exchange. In an effort to raise awareness and share some of the ways that the RIXML standard can be used and implemented, representatives from RIXML.org will be participating at a wide variety of industry conferences over the next year, beginning with this week’s Securities Industry Association Technology Management Conference in New York City" Eight Associate Members Join RIXML.org RIXML enables sell-side research publishers to tag any piece of research content, in any media format, with enough information for buy-side firms to create customized filters, thereby reducing information overload. In addition, the advanced level of tagging and access to individual research elements allows for a new generation of alerting mechanisms, enhanced user interfaces, and delivery to mobile devices. About RIXML.org and RIXML The members of RIXML.org include:
For more information about the RIXML specification and RIXML.org, please visit the website at www.rixml.org. FOR IMMEDIATE RELEASE |
