RIXML.org Adopts Global Industry Classification Standard (GICS)(SM) Developed Jointly by MSCI and S&P

Apr 04, 2001, 01:00 ET from Standard & Poor's

    New York, April 4 /PRNewswire/ -- RIXML.org has adopted the Global
 Industry Classification Standard (GICS)(SM), developed jointly by MSCI and
 Standard & Poor's.  The RIXML standard will provide a structure for
 classifying investment research in a way that will enable consumers of
 research to define specific sorting, filtering, and personalization criteria
 across all research publishers.  The GICS will be utilized within the RIXML
 standard for classifying and retrieving research by industry classification.
     "We commend RIXML.org and their members for their efforts in creating a
 standard for the electronic exchange of investment research," said Henry
 Fernandez, President and CEO of MSCI.  "MSCI and Standard & Poor's are honored
 to be part of RIXML.org's efforts to define standards for the investment
 research community."
     "Standard & Poor's and MSCI's joint efforts to create an industry standard
 are further bolstered by the support of the RIXML.org consortium," said Jim
 Branscome, Managing Director of Standard & Poor's Investment Analysis.  "We
 fully support the efforts of the investment community in working together to
 develop open, global standards for delivery of investment research, and are
 gratified that they have chosen GICS as the industry standard."
 
     About RIXML.org
     RIXML.org is a consortium of buy- and sell-side financial industry leaders
 who joined forces to develop RIXML (Research Information Exchange Markup
 Language), an open, global standard for the tagging and delivery of investment
 research.  On March 26, 2001 RIXML.org announced that version 1.0 of the RIXML
 specification is now available for comment.  For more information about the
 RIXML specification and RIXML.org, please visit the web site at
 http://www.rixml.org.
 
     About the Global Industry Classification Standard (GICS)
     In August of 1999, MSCI, a premier provider of global indices and
 benchmark related products and services, and S&P, a leading global provider of
 financial information and index services, collaborated on the development of
 GICS.  GICS is designed to facilitate the investment research and investment
 management process for financial professionals worldwide.  The GICS
 classification facilitates industry analysis by classifying companies at four
 different levels -- sectors, industry groups, industries and sub-industries.
 Due to the global nature and flexibility of GICS, the GICS industry
 classification has become widely adopted throughout the industry.  For a
 detailed description of the classification standard, please refer to the MSCI
 web site at http://www.msci.com or the S&P web site at
 http://www.spglobal.com.
 
     MSCI is a leading provider of global indices and benchmark related
 products and services to investors worldwide.  Morgan Stanley Dean Witter &
 Co., a global financial services firm and a market leader in securities, asset
 management, and credit services, is the majority shareholder of MSCI, and The
 Capital Group Companies, Inc., a global investment management group, is the
 minority shareholder.
 
     Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:   MHP),
 provides independent financial information, analytic services and credit
 ratings to the world's financial markets.  With more than 4000 employees in
 21 countries, Standard & Poor's is an integral part of the global financial
 infrastructure.
 
     The Global Industry Classification Standard (GICS) was developed by and is
 the exclusive property of MSCI and Standard & Poor's.  "Global Industry
 Classification Standard (GICS)" and "GICS" are service marks of MSCI and
 Standard & Poor's.
 
 

SOURCE Standard & Poor's
    New York, April 4 /PRNewswire/ -- RIXML.org has adopted the Global
 Industry Classification Standard (GICS)(SM), developed jointly by MSCI and
 Standard & Poor's.  The RIXML standard will provide a structure for
 classifying investment research in a way that will enable consumers of
 research to define specific sorting, filtering, and personalization criteria
 across all research publishers.  The GICS will be utilized within the RIXML
 standard for classifying and retrieving research by industry classification.
     "We commend RIXML.org and their members for their efforts in creating a
 standard for the electronic exchange of investment research," said Henry
 Fernandez, President and CEO of MSCI.  "MSCI and Standard & Poor's are honored
 to be part of RIXML.org's efforts to define standards for the investment
 research community."
     "Standard & Poor's and MSCI's joint efforts to create an industry standard
 are further bolstered by the support of the RIXML.org consortium," said Jim
 Branscome, Managing Director of Standard & Poor's Investment Analysis.  "We
 fully support the efforts of the investment community in working together to
 develop open, global standards for delivery of investment research, and are
 gratified that they have chosen GICS as the industry standard."
 
     About RIXML.org
     RIXML.org is a consortium of buy- and sell-side financial industry leaders
 who joined forces to develop RIXML (Research Information Exchange Markup
 Language), an open, global standard for the tagging and delivery of investment
 research.  On March 26, 2001 RIXML.org announced that version 1.0 of the RIXML
 specification is now available for comment.  For more information about the
 RIXML specification and RIXML.org, please visit the web site at
 http://www.rixml.org.
 
     About the Global Industry Classification Standard (GICS)
     In August of 1999, MSCI, a premier provider of global indices and
 benchmark related products and services, and S&P, a leading global provider of
 financial information and index services, collaborated on the development of
 GICS.  GICS is designed to facilitate the investment research and investment
 management process for financial professionals worldwide.  The GICS
 classification facilitates industry analysis by classifying companies at four
 different levels -- sectors, industry groups, industries and sub-industries.
 Due to the global nature and flexibility of GICS, the GICS industry
 classification has become widely adopted throughout the industry.  For a
 detailed description of the classification standard, please refer to the MSCI
 web site at http://www.msci.com or the S&P web site at
 http://www.spglobal.com.
 
     MSCI is a leading provider of global indices and benchmark related
 products and services to investors worldwide.  Morgan Stanley Dean Witter &
 Co., a global financial services firm and a market leader in securities, asset
 management, and credit services, is the majority shareholder of MSCI, and The
 Capital Group Companies, Inc., a global investment management group, is the
 minority shareholder.
 
     Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:   MHP),
 provides independent financial information, analytic services and credit
 ratings to the world's financial markets.  With more than 4000 employees in
 21 countries, Standard & Poor's is an integral part of the global financial
 infrastructure.
 
     The Global Industry Classification Standard (GICS) was developed by and is
 the exclusive property of MSCI and Standard & Poor's.  "Global Industry
 Classification Standard (GICS)" and "GICS" are service marks of MSCI and
 Standard & Poor's.
 
 SOURCE  Standard & Poor's

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