NEW YORK, June 11, 2012 /PRNewswire/ -- EDGAR® Online,
Inc. (NASDAQ: EDGR), a premier provider of fundamental financial
data, analytics and disclosure management services, and OTC
Markets Group (OTCQX: OTCM), the financial information and
technology services company that operates the world's largest Open,
Transparent and Connected marketplace platform, today launched
a new OTC Financials Data service. The OTC Financials Data service
will distribute, in XBRL and other easily consumable formats,
historical financial report data from the more than 800 OTC
companies providing disclosure via OTC Markets Group's Disclosure
and News Service. The OTC Financials Data service will
increase visibility and transparency for investor-focused OTC
companies by making it easy for investors to extract, assess, and
analyze OTC-traded company financial data.
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The partnership enables investors and issuers to consume and
manipulate financial data provided by OTC-traded companies,
including those not required to file their disclosure with the
Securities and Exchange Commission (SEC). With EDGAR Online's
expertise in providing innovative financial data services and OTC
Markets Group's expansive community of investor-friendly OTC
companies, the two companies hope to fill a need in the marketplace
by offering a better, faster and smarter data service for OTC
investors.
Matt Fuchs, Managing Director –
Market Data & Strategy of OTC Markets Group, said, "Providing
investors with access to fundamental data for companies using our
Disclosure Service underscores our commitment to providing a more
transparent OTC marketplace for investors. By distributing
this information with EDGAR Online and their partners in XBRL and
other consumable formats, we ensure that institutional investors,
market participants, retail investors and corporations have access
to the financial data they need to make informed decisions when
analyzing and valuing OTC securities."
EDGAR Online will provide the dataset through its I-Metrix Pro
platform, via web service (XBRL format), and through relationships
it has established with authorized financial data platforms such as
S&P Capital IQ. Additionally, the data will be available
through the OTC Markets Group website and Yahoo! Finance, where it
will be accessible via the individual company quote pages.
"Leveraging almost twenty years of expertise in creating,
collecting and consuming data, we are expanding the universe of
information on publicly traded companies and allowing investors to
better govern their investment decisions and manage their risk
within the market," said David A.
Frankel, Chief Marketing Officer of EDGAR Online. "We look
forward to continuing to expand our partnership with OTC Markets in
the future. Together, we expect to increase data access points and
build out the historical information to allow for ratios and
back-testing to identify new investment opportunities."
About EDGAR®Online, Inc.
EDGAR®Online (NASDAQ: EDGR) provides financial data,
analytics and disclosure management solutions to help corporations
and institutional investors facilitate compliance and management of
regulatory disclosure filings. In addition to developing a variety
of unique as-reported and normalized data sets, EDGAR Online is an
industry leader in XBRL (eXtensible Business Reporting Language)
processing. 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 ActiveXBRL software solutions, through an
extensive network of partners, including Business Wire,
LexisNexis®, NASDAQ OMX, Oracle, PR Newswire, RR Donnelley and SAP.
To learn more about EDGAR Online, visit www.edgr.com.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the
world's largest Open, Transparent and Connected financial
marketplace platform, delivering price transparency in almost
10,000 OTC securities. The OTC Link® ATS directly links
broker-dealers that provide liquidity and execution services.
We organize the wide spectrum of OTC-traded securities into three
marketplaces to inform investors of opportunities and risks –
OTCQX® - The Intelligent Marketplace for the Best OTC
Companies; OTCQB® - The Venture Marketplace; and OTC
Pink® - The Open Marketplace. Our financial marketplace
platform enables smarter trading through any broker at the best
possible price, and empowers companies to improve the quality and
availability of information for their investors. To learn
more about our Open, Transparent and Connected financial
marketplaces, visit www.otcmarkets.com.
OTC Link ATS operated by OTC Link LLC, member FINRA/SIPC and SEC
registered ATS.
SOURCE OTC Markets Group Inc.