Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:SEC Gives Thumbs Up to XBRL Not Rated 3.0 Email Routing List Email & Route  Print Print
Wednesday, June 20, 2007

SEC Gives Thumbs Up to XBRL

News summary by MFWire's editors

The SEC has voted on Chairman Cox's pet XBRL project and the results are unanimous, just the way Cox likes them. Mutual funds will now be able to submit data on their risks and returns in the XBRL format.

The SEC gave its greenlight on the addition of mutual funds to the XBRL pilot program. The commission has noet yet decided if or when they will make the pilot program for mutual funds mandatory. If enough funds use XBRL in their filings, investors will be able to use a simple tool to analyze and compare funds.

"The approval means the industry is moving forward with the XBRL filing process. The voluntary filing process is just the beginning," said Kirk Botula, chief operating officer at data company Confluence, told The MFWire.

Pittsburgh-based Confluence is currently one of the companies participating in the SEC's XBRL pilot program.

Botuala says that they have also made the program QuickTag, the only commercially available tool so far to support XBRL, available on their Web site.

"One day XBRL will become standard like HTML," Botula said.  

Edited by: Erin Kello


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use