SA Buy side adoption of RIXML gathers pace

30 January 2007

An increasing number of fund managers in South Africa are embracing the global RIXML standard which governs the dissemination and tagging of broker research. Obvious benefits include a dramatic reduction in internet bandwidth usage and better storage, management and retrieval of research documents within the buy side’s domain. Peresys has lead the move to RIXML globally with its Greenjar product, now live or on trial at eight fund managers who receive RIXML tagged research from twelve brokers. By the end of 2007, Peresys expects between fifteen and twenty buy sides to be live with Greenjar and receiving RIXML compliant research from most broker research houses covering South Africa.