Friday, December 19, 2008
Lovely 2 minute video on the data infrastructure from the BBC via Flowing Data
Thursday, December 18, 2008
Listen to Al Berkeley, former president of NASDAQ and a participant at a previous SEC XBRL Roundtable… ” [Financial] data is trapped inside an iceberg. With XBRL, we can melt the iceberg…. he also referred to “documents so long, only the sell-side ever reads them.” Yesterday the SEC approved interactive data financial reporting to give investors [...]
Wednesday, December 17, 2008
PR Newswire Welcomes SEC’s XBRL Integration Mandate MarketWatch - 4 hours ago NEW YORK, Dec. 17 /PRNewswire/– PR Newswire today extended its support for the US Security and Exchange Commission’s (SEC) ruling that will require … XBRL US Training and Tools Support SEC Rule for Mandatory XBRL … MarketWatch - 5 hours ago XBRL US, the nonprofit [...]
Tuesday, December 16, 2008
SEC Chairman Cox made the following statement … ~~~~ “… Since Commissioners were first informed of the Madoff investigation last week, the Commission has met multiple times on an emergency basis to seek answers to the question of how Mr. Madoff’s vast scheme remained undetected by regulators and law enforcement for so long. Our initial [...]
Tuesday, December 16, 2008
kaChing (stock trading with a big crowd) Learn kaChing teaches you what makes a great manager great. Every order, every trade, and every opinion on kaChing is open, public, and available for you to see. No window-dressing, no front-running, no stealth accumulation. The moment an expert makes a trade, you’ll know it, you’ll study it, [...]
Tuesday, December 16, 2008
The foundation of the interactive data revolution is being nicely laid… Bobsguide reports… ~~~~ ” EDGAR® Online, Inc. (Nasdaq: EDGR) announced today it has completed another round of XBRL conversions of third quarter 2008 financial statements of U.S. public companies reinforcing its leadership position in the XBRL market. EDGAR Online provides three solutions for the [...]
Tuesday, December 16, 2008
The FIX Protocol is the language of global electronic trading and the disintermeditor of sell-side principals and exchanges… it’s adoption and varied applications continues to grow… today’s FIX news shows it strengthening globally… congratulations John… ~~~~ ” FIX Protocol Limited has announced that John Fildes, Managing Director of Instinet Pacific, has been elected as Co-Chair [...]
Tuesday, December 16, 2008
The US Treasury has released the Fiscal Year 2008 Financial Report of the United States Government. This report details the U.S. government’s current financial position, as well as its short-term and long-term financial outlook… the accrual-based Financial Report includes the cost of operations, the sources used to finance those costs, how much the government owns and [...]
Monday, December 15, 2008
If you’ve worked on Wall Street you know how weak the controls can be… considering the sums of money that fly around its amazing the whole edifice holds together… So the Madoff scheme ponzying the smart money is really not that shocking in its particulars… but the scale is breathtaking… $50 billion? Another $50 billion piled [...]
Friday, December 12, 2008
The Doge (Venetian language, also Doxe, derived from Latin Dux military leader, duke) was the chief magistrate and leader of the Most Serene Republic of Venice for over a thousand years. The Venetian combination of elaborate monarchic pomp and a republican constitution with intricate checks and balances makes La serenissima a textbook example of a crowned republic. ~ ~ [...]