New York (Aug. 7, 2002) -- Nasdaq, the world's largest stock market, on Tuesday launched a pilot program that's using the XBRL code for transmitting business report information over the Internet, to distribute investment information.

Nasdaq launched the pilot in a joint effort with Microsoft Corp, and PricewaterhouseCoopers, which are both members of XBRL International, the accounting industry-led group that is developing the code. That group expects the pilot to showcase XBRL's ability "to allow for easy comparisons of the financials of companies within a particular industry."

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