RIXML Research Standard Implementation Guide
Total Page:16
File Type:pdf, Size:1020Kb
RIXML Research Standard Implementation Guide Background, first steps, and best practices for RIXML Research Standard version 2.5 Published September 21, 2017 RIXML.org Limited ("RIXML") is a UK incorporated company. Content is provided solely by RIXML and is not representative of the views of any one shareholder. Unless otherwise stated, RIXML is solely responsible for content. Terms and conditions of use are published on the web site at www.rixml.org. Copyright 2000-2017. All rights reserved. Table of Contents Table of Contents ________________________________________________________2 Preface ________________________________________________________________4 Copyright and incorporation information ................................................................... 4 Contact information .................................................................................................... 4 Schema revision history .............................................................................................. 4 Section 1: Introduction ___________________________________________________5 About RIXML.org ......................................................................................................... 5 About the RIXML Research Standard........................................................................... 5 About this guide .......................................................................................................... 5 RIXML Research release packet ................................................................................... 5 Where can I get more information? ............................................................................ 6 How can I provide feedback? ...................................................................................... 6 Section 2: Our Approach __________________________________________________7 Approach summary ..................................................................................................... 7 Rationale ..................................................................................................................... 8 Guiding principle 1: The RIXML Standard Suite must provide an improvement for all parts of the research distribution and interaction description processes...................... 8 Guiding Principle 2: The standards must be able to expand and evolve to keep up with technology and business changes................................................................................. 8 Guiding Principle 3: End users must be able to benefit from RIXML without even needing to know it exists .............................................................................................. 9 The Result .................................................................................................................... 9 Updates ....................................................................................................................... 9 Section 3: Tagging and XML: What they are and why they are important _________ 11 Why do you need tags? ............................................................................................. 11 The evolution of investment research distribution ................................................... 11 What is a tag? ............................................................................................................ 12 What can you do with information once it is tagged? ................................................. 12 What is XML?............................................................................................................. 13 XML and investment research ................................................................................... 14 Section 4: RIXML Research: a custom XML standard for investment research ______ 15 What is the RIXML Research Standard? .................................................................... 15 How is the RIXML Research Standard applied to research content? ......................... 15 Section 5: Implementing RIXML Research __________________________________ 17 Implementation options ............................................................................................ 17 Level One ................................................................................................................... 17 Full implementation ................................................................................................... 18 First steps .................................................................................................................. 19 For content producers ................................................................................................ 19 For content aggregators ............................................................................................. 20 For content consumers .............................................................................................. 21 RIXML RESEARCH VERSI ON 2.5 IMPLEMENTATION GUIDE PAGE | 2 For others .................................................................................................................. 21 Section 6: Core principles and concepts ____________________________________ 22 Basics ......................................................................................................................... 22 Tagging ...................................................................................................................... 23 Tag types and relationships ....................................................................................... 24 Tag data type ............................................................................................................. 25 One vs. many ............................................................................................................. 26 Required vs. optional tags .......................................................................................... 26 Tag re-use .................................................................................................................. 26 Primary vs. non-primary ............................................................................................. 26 Enumeration lists....................................................................................................... 27 The “PublisherDefined” option ................................................................................... 27 Use of other standards .............................................................................................. 29 Date/time .................................................................................................................. 30 Phone numbers ......................................................................................................... 31 Issuer/security identification ..................................................................................... 31 Section 7: The RIXML Research Schema ____________________________________ 32 The Object Model ...................................................................................................... 33 XML Schema Files ...................................................................................................... 34 Section 8: Conclusion __________________________________________________ 36 RIXML RESEARCH VERSI ON 2.5 IMPLEMENTATION GUIDE PAGE | 3 Preface Copyright and incorporation information Copyright 2000-2017. All rights reserved. Not for distribution unless authorized by RIXML.org. RIXML.org Limited ("RIXML") is a UK incorporated company. Contact information RIXML.org 5 Hanover Square New York, NY 10004 website: RIXML.org email: [email protected] phone: 212-655-2945 Schema revision history Date Version Comments 21 Sep 2017 2.5 Four new Entitlements sub-types. Ability to express certain elements in multiple languages – people names, team names, organization names, report titles, abstracts, etc. Better support for events. Expansion of enumerated lists for Status Type, Index, Issuer/Security ID, Action. Does not break backward-compatibility with version 2.4. 05 Feb 2013 2.4 Added terms and definitions to many enumeration lists; added major new element for describing organization expertise (with sub-structure); added additional person details; updated structure of Rating element; added mirror tags for certain tags to enable formatting; and added two new side-car schemas (Roster Updates and Coverage Updates). Does not break backward-compatibility with version 2.3.1. 11 Jan 2010 2.3.1 Patch release containing a spelling correction to one of the enumerations. Does not break backward-compatibility with version 2.3. 13 Apr 2009 2.3 Improved definitions of more than 120 enumerated values; changed some tag cardinalities from required to optional based on real-world use cases that demonstrated that some tags formerly marked as required did not always apply and should be optional. Does not break backward-compatibility with version 2.2. 26 Mar 2005 2.2 Updated Research Standard to facilitate use of XBRL tagging; also imposes constraints on the tags covering language, currency, and country codes in order to enforce use of corresponding ISO standards. Does not break backward-compatibility with version 2.1. 25 Mar 2003 2.1 Major release incorporating updated information regarding tagging of ratings. Does break backward-compatibility with 1.0. 20 Jun 2002 2.0 Major release pulling together improvements along five vectors: globalization, events, distribution/entitlements, financial