Making instant stock trade a reality with new ML
No comment on this piece from Reuters, but you need to know about it:
"XBRL, which stands for extensible business reporting language, is a language derived from the code of the World Wide Web. It consists of thousands of 'tags' that correspond to items on financial reports, including balance sheets and income statements, making the filings understandable by a computer.
The technology has won support from major accounting firms and investor relations groups and has even gained a preliminary nod from the U.S. Securities and Exchange Commission, which has proposed a voluntary program for XBRL. (Reuters Group Plc is also a backer of XBRL.)"
"XBRL, which stands for extensible business reporting language, is a language derived from the code of the World Wide Web. It consists of thousands of 'tags' that correspond to items on financial reports, including balance sheets and income statements, making the filings understandable by a computer.
The technology has won support from major accounting firms and investor relations groups and has even gained a preliminary nod from the U.S. Securities and Exchange Commission, which has proposed a voluntary program for XBRL. (Reuters Group Plc is also a backer of XBRL.)"
posted by Michael Mouse at 9:07 am
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