Streaming Quotes: Glint Eastward
Opinion
However, in some cases, Asian firms have actually leapfrogged their Western counterparts. For example, the Shanghai Stock Exchange already distributes market data using the bandwidth-reducing FAST Protocol, which not all Western exchanges have yet rolled out. And Chinese companies already report financial statements using the XBRL format, which the US is only now mandating.
This activity has not entirely shielded Asian economies from the impact of the global economic crisis. Although the April
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