26 June 2002: RIXML Seeks Comment on Version 2.0
RIXML.org has released version 2.0 of its specification for public comment. The specification will be available at www.rixml.org for the next month or so.
RIXML version 2.0 adds taxonomies for the following areas:
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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.
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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.
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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.
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The Distribution component addresses how research is communicated between research providers and consumers, focusing on delivery of content to a defined audience type.
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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.
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 in early third quarter. 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.
Separately, McGraw-Hill Cos.’ Standard and Poor’s and Communicator have joined RIXML as Associate Members. 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.