ROCKVILLE, Md. March 24, 2011 /PRNewswire/ -- EDGAR® Online,
Inc. (Nasdaq: EDGR), a leading global provider of XBRL
(eXtensible Business Reporting Language) software, services and
data, today introduced its I-Metrix® Money Market Holdings Dataset,
which leverages the recent Securities and Exchange Commission
requirement for monthly disclosure of money market portfolio
holdings. EDGAR Online's customizable solution lets money market
fund managers and risk management departments get to the data they
need, allowing them to understand their risk profiles, benchmark
against their competitors' risk profiles and quickly and
efficiently position their funds in the market.
As noted by the SEC in its final rule regarding Money Market
Fund Reform in 2007 and 2008, money market funds were exposed to
substantial losses, first from exposure to debt securities issued
by structured investment vehicles, then as a result of defaults on
debt securities. These events, combined with general turbulence in
the financial markets, led to a run on institutional prime money
market funds. To help prevent future events that could dislocate
short-term credit markets and strain businesses, the SEC now
requires monthly filings from money market fund companies via Form
N-MFP.
EDGAR Online developed its I-Metrix Money Market Holdings
Dataset to allow companies to more easily derive value from the
data submitted to the SEC. The solution provides users with
information on specific sets of funds they wish to follow and
specific sets of fields in any format. Fund managers can more
easily benchmark their positions against other money market funds,
while risk analysts can evaluate potential dangers within a money
market fund portfolio.
"Money market fund managers want to better understand their
positions and the positions of their competitors," said
David Goldstein, senior managing
director, EDGAR Online. "Our I-Metrix Money Market Holdings Dataset
meets that need, while also helping users better understand their
risk and exposure. EDGAR Online provides fund managers and analysts
with more resources for evaluating and acting on their data."
EDGAR Online's I-Metrix Money Market Holdings Dataset features
include:
- Custom datasets delivered in the required form within minutes
after the SEC publishes data;
- Delivery of a specific set of funds to reduce the time and
effort of collecting required information; and
- A choice of delivery formats, including CSV or XML, to reduce
programming and set-up efforts for consumption by current
systems.
The I-Metrix Money Market Holdings Dataset is a part of the
I-Metrix suite of products offered by EDGAR Online. Other data
products include U.S. public company fundamental data, as-reported
XBRL data, institutional holdings data, initial and secondary
public offering data, and insider data.
About EDGAR Online
EDGAR Online (Nasdaq: EDGR) is a leading global provider of XBRL
data, software and services solutions that improve the flow of
business information. The company's integrated portfolio of
products and services for global enterprises help them create,
deliver, analyze and use quality information. Thousands use the
company's solutions, including U.S. public companies, mutual funds,
leading financial analysts and institutional investors, as well as
global regulators such as the FDIC, Banque de France, and the U.S. Securities and Exchange
Commission. The company delivers its solutions, including UBmatrix®
XBRL software solutions, through an extensive network of partners,
including LexisNexis®, NASDAQ OMX, Oracle, PR Newswire, RR
Donnelley and SAP. To learn more about EDGAR Online, visit
www.edgar-online.com.
"Forward-looking statements" as defined in the Private
Securities Litigation Reform Act of 1995 may be included in this
news release. These statements relate to future events and/or our
future financial performance and include, without limitation,
statements regarding our future growth prospects, future demand for
our XBRL business and future innovations in our data and solutions
and subscriptions business. These statements are only predictions
and may differ materially from actual future events or results.
EDGAR Online, Inc. disclaims any intention or obligation to revise
any forward-looking statements whether as a result of new
information, future developments or otherwise. Please refer to the
documents filed by EDGAR Online, Inc. with the Securities and
Exchange Commission, which identify important risk factors that
could cause actual results to differ from those contained in
forward-looking statements.
EDGAR® is a federally registered trademark of the U.S.
Securities and Exchange Commission. EDGAR Online is not affiliated
with or approved by the U.S. Securities and Exchange
Commission.
SOURCE EDGAR Online, Inc.