Bloomberg Lists BSE XBRL Data
Bombay Stock Exchange (BSE) adopted the XBRL standard for all Annual Report filings on 18 February, making company data digital and searchable. Bloomberg announced this week that it has on-boarded XBRL data from the BSE, giving a boost to business analysis on Indian BSE listed equities.
By joining stock exchanges and securities regulators around the world in mandating XBRL reporting, BSE has made it possible for a wide variety of users to extract valuable data, including shareholding patterns, financial results, voting results, and corporate governance details. Bloomberg is able to capitalise on these rich data sets, using the newly digitally available data to provide valuable information to investors. The process also keeps disclosures from smaller companies robust and aligned with larger firms, making reporting more uniform and encouraging investment in small firms.
Bloomberg’s use of BSE’s data is a concrete example of the benefits of switching to filing in structured data. By collecting data in digital, discoverable, comparable and searchable form, BSE has enabled investor analysis and improved transparency, joining numerous leaders in this space that have their data consumed by data providers.
Read more here.
