Our Standards
The RIXML Standards Suite is designed to provide a streamlined mechanism for buy-side firms, sell-side firms, vendors, and other firms involved with investment interactions and research to accomplish several tasks, including capturing the details of inter-firm interactions required to be captured by MiFID II regulations and the details of investment research.
Designed with efficiency in mind, these standards leverage shared tags when possible, with specialized tags and tag sets developed to enable capturing specific content.
The Suite is structured as a set of XML schema files. None of these files is an entire standard by itself, but are combined into a number of different tag sets, each of which accomplishes a specific goal. In order to further improve efficiency, the standards leverage other tag sets (such as XBRL for content describing financial data) and ISO standards (such as language codes and market identifier codes) whenever possible to streamline the process of implementing and maintaining our standards on the back end.