RIXML.org was formed when a number of buy- and sell-side firms came together to discuss a common problem: the amount of investment research that was being
distributed had outgrown the tools available to organize it. The consumers of investment research needed better ways to access the precise research they needed,
and the creators of investment research needed a better way to ensure that their research was seen by those who would benefit from it.
the RIXML.org consortium.
The RIXML specification was developed to address the needs of:
- Investment research end users such as analysts and portfolio managers
- The IT departments that support these end users
- Vendors and others who create products used by these end users
The primary objective of the RIXML specification is to provide extensive capabilities for enhancing any piece of financial research content, in any form or media, with
sufficient tagging (also called metadata) to allow research users to search, sort, commingle, parse, and filter the published research in order to deliver highly relevant
information to decision-makers.
RIXML is a set of tags used to describe a research document or other research product, formed into an XML specification, along with a set of enumeration lists that
provide the terms that are allowed to be used for certain tags and the set of rules created to guide their implementation.
- the tagging that describes a document, not the document itself
- a set of components, rules, lists, and recommendations that enable clear description of investment research and other investment data
- a standardization of terms used to describe certain aspects of research, such as security type, region, etc.
- an open standard, with no license fees
RIXML IS NOT:
- a search engine
- a data repository
- a subject thesaurus
- a piece of software
- a definition of format or content of documents (resources) themselves
- a standardization of the types or formats of resources (documents, audio files, etc.) allowed
- a standard to define how data is to be transmitted