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XBRL Hits the Street to Streamline Business Reporting

HTML, XML, FpML, FinXML, MDDL ... the acronyms are dizzying, but the standards behind them promise to be the wave of the future for financial-services firms - simplifying and standardizing everything from news to market data to trade information. And one XML-based standard, in particular, is on its way to achieving this in the area of financial statements, performance reports, accounting records and other financial information.

http://www.wallstreetandtech.com/story/mag/WST20020904S0008