Wednesday, August 20, 2008

IDEA replaces EDGAR

SEC is replacing the old EDGAR database with the new interactive IDEA database. See the press release for - partial quote here:
The new system is called IDEA, short for Interactive Data Electronic Applications. Based on a completely new architecture being built from the ground up, it will at first supplement and then eventually replace the EDGAR system. The decision to replace EDGAR marks the SEC’s transition from collecting forms and documents to making the information itself freely available to investors to give them better and more up-to-date financial disclosure in a form they can readily use.

No comments: