Views on improving the integrity of global capital markets
29 October 2018

XBRL US Investor Forum on the Impact of Data on the Capital Markets

Posted In: XBRL
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A half-day forum takes aim at how the changing data ecosystem and disruptive technologies are shaping our work as financial analysts.

Information powers the analysis we conduct. Accuracy and timeliness in data used for analysis is of paramount importance, driving the quality of our work. In information systems design, the concept of a single source of truth is the practice of structuring information models and corresponding data schema such that every data element is stored only once. All other locations of that data element refer back to the principal “source of truth” location. As a result, updates to the data in that location are disseminated to the entire system without the possibility of a duplicate value somewhere being missed.

Establishing a single source of truth ensures that the data we use are accurate and reliable.

The XBRL US Investor Forum on 8 November in New York City will examine the role of data in capital markets and how the markets can move closer to establishing this single source of truth, with presentations from the Council of Institutional Investors; TruSet, a blockchain-driven startup; and Calcbench, a financial analytical platform powered by standardized XBRL data. Presenters will address these questions:

  • How have the capital markets historically handled delivery of information to data consumers? What are the problems with this process?
  • How can we establish a single source of truth?
  • What technologies can address these issues? How successfully have they been used to resolve these issues? Is it too soon to tell?
  • What impact will new technologies have on the IPO market?
  • How widely are new technologies embraced in the US versus non-US markets?
  • What would be the ideal data ecosystem to ensure strong, smoothly functioning markets?

We encourage CFA Institute members to attend this free, half-day forum. SEC Commissioner Robert J. Jackson will deliver the keynote address; additional sessions will focus on earnings announcements, blockchain and smart contracts, alternative data, and using open source APIs to access US and non-US data.

The event, Investor Forum 2018: Powering Fintech, from 1:00 p.m.–5:00 p.m. ET on 8 November, is free, but preregistration is required.To learn more about the agenda and to register, visit https://xbrl.us/events/forum-2018/.

Investor Forum 2018 is hosted by Baruch College’s Zicklin School of Business in the Newman Conference Center, 55 Lexington Avenue, New York, NY. The program was developed by XBRL US, and is cosponsored by CFA Institute and CFA Society New York.


Image Credit: ©Sean Gladwell

About the Author(s)
Mohini Singh, ACA

Mohini Singh is director of financial reporting policy at CFA Institute. She represents membership interests regarding financial reporting and disclosure proposals issued by the FASB, the IASB, and others. Singh holds the Associate Chartered Accountant (ACA) designation.

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