FactSet Research Systems joins RIXML consortium

Source: RIXML

RIXML.org, a consortium of buy- and sell-side global market leaders committed to the development and implementation of the first open standard for investment research, announced today FactSet Research Systems Inc. (NYSE: FDS), a major supplier of computer-based financial and economic data to the investment community, has joined the RIXML organization, bringing the total number of Associate and Steering Committee members to 25.

As a part of the RIXML organization, FactSet will participate as an Associate Member, a membership category that encourages all industry participants to get involved in the development and implementation of the standard.

"FactSet is a great addition to the RIXML organization," said Deirdre Goldenbogen, VP, Electronic Librarian Services at Putnam Investments and Buy-side Co-Chair of the RIXML.org Steering Committee. "FactSet's expertise in the area of financial data and analytics will bring a tremendous amount of value to the organization, especially as more financial institutions request the data behind the research."

Michael F. DiChristina, President and Chief Operating Officer at FactSet added, "We are pleased to join RIXML as an Associate Member and look forward to working with existing associate members to evolve the Standard. With our recent acquisition of the JCF group of companies, FactSet has become a stakeholder in the investment research standard-setting process. We hope to both leverage and add to the collective wisdom embodied within the RIXML standard."

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