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"Linux and open source software are a key component in the underlying infrastructure of the finance industry, but the higher layers of the stack are still dominated by a multitude of proprietary, in-house solutions. A software startup called Marketcetera aims to change that with a new, open source platform for building automated trading systems."

Tags: OB, open source, financial, applications on 2009-01-15 and saved by 2 people -All Annotations (5) -About

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"The Securities and Exchange Commission voted May 14 to formally propose requiring U.S. public companies to file their financial reports using Extensible Business Reporting Language. XBRL tags uniquely identify individual items in a company's financial statement. Formatting financial documents with XBRL allow the data to be easily searched on the Internet, downloaded into spreadsheets, reorganized in databases and put to any number of other comparative and analytical uses. An international nonprofit consortium of approximately 450 major companies, organizations and government agencies is developing the open-source, royalty-free language."

Tags: XBRL, standards, XML, financial, OB on 2008-05-16 -All Annotations (0) -About

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