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" For example , cXML leverages suppliers ' existing e-commerce capabilities by allowing buyers to access supplier Web sites from within a buy-side application . Webster further noted " Our buy-side marketplace model encourages sellers to derive value by actively utilizing all of the RubberNetwork service offerings . The firm specializes in serving sell-side and buy-side clients with transactions valued in the $ 50 million to $ 1 billion range . " " A group of major financial firms announced the formation of RIXML.org , a global industry association of buy-side and sell-side firms whose mission is to develop an open standard for the electronic exchange of investment research . In terms of participation in CLS , concern was expressed about the coverage of the buy-side customers and what could be done to bring more of them into CLS .