Quaternion’s ORE XML trade format standard is being widely adopted by the industry through client subscriptions to our partnership with AcadiaSoft for risk-related initial margin (SIMM) compliance solutions, along with steady open source adoption. While the AcadiaSoft Services have certainly experienced certain mild growing pains referenced in the article, industry-wide adoption of ORE XML will lead to greater standardization in the OTC derivatives market, and potentially bring with it even greater synergies and cost reductions as we look to offer more value-added risk services to the industry.