Auerbach Grayson and SavaNet launch XBRL Service.
New York – News yesterday that Auerbach
Grayson is biting the bullet and switching
to XBRL format for its research reports is good news. The research reports
will become interactive documents compared to static documents and will be
labeled Interactive Global Express
Research.
To accomplish the transference of the data, Auerbach Grayson
has partnered with SavaNet, an XBRL
software specialist. XBRL has been mandated by the SEC as a standard format for
companies to report their corporate filings and this can be easily translated
into research once on the XBRL standard has been implemented. Auerbach’s global
network of exclusive brokers will also adopt the standard, which will
dramatically increase the comparability of research offering from emerging and
frontier markets.
Auerbach Grayson & Company Incorporated is
a stockbroker committed to serving the international needs of major US
institutional investors. Through its worldwide network of broker partners,
Auerbach Grayson offers research, execution and clearance in equities, derivatives
and fixed-income instruments. The firm also provides and implements hedging and
arbitrage strategies.
SavaNet XBRL Analyst was designed by former
Wall Street equity analysts and by CFA® charterholders for use by professional
institutional clients requiring the highest level of quality and accuracy.
SavaNet Analyst uses the extreme detail available only in XBRL formatted
financial reports, such as company-specific business segment information,
industrial KPIs and complete notes to the financial statements, to perform analytical
studies. Analysis and valuation work can be performed directly using the report
content without the need to normalize or manually re-enter content.
Note: XBRL is Extensible Business Reporting Language and has
its roots in XML Extensible Markup Language.
Posted at 09:20 am by Thomas Hutchinson
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