Vendor Reporting Extensible Markup Language or VRXML, authored by Gemini Systems in collaboration with the New York Stock Exchange, is the vendor reporting XML standard for securities exchanges, market data vendors and subscribers. By implementing VRXML, these parties can significantly lessen the inefficiencies in market data billing & reporting by reducing the painstaking manual effort surrounding the tri-party reconciliation process.

As the creator of the VRXML standard and with our implementation experience at the NYSE, we can help you:

• analyze how VRXML can benefit your organization
• incorporate VRXML into your existing market data systems
• educate your staff in the use of VRXML for market data processing
• support new types of exchange-vendor communications and transactions through the evolution of the VRXML standard

For more information about VRXML and Gemini Systems please contact us.