Nasdaq teams with Edgar Online for 144A reference database

Source: EDGAR Online

The Nasdaq Stock Market, Inc. (NASDAQ: NDAQ) and EDGAR Online, Inc. (NASDAQ: EDGR) announced today they have partnered to design and build a database of privately placed securities to support The PORTAL Market, NASDAQ's trading platform for these 144A securities.

"NASDAQ is committed to expanding access to 144A equity and debt securities information. We believe that EDGAR Online's technologies and capabilities will enable us to build the gold-standard reference database that is needed to best serve this market" said Adena Friedman, Executive Vice President, NASDAQ. "NASDAQ has collected information regarding 144A securities since 1990 and has a strong reputation as a data provider. Our expertise, coupled with our partner's, will allow us to fill an existing void by bringing this important database to market in the near-term."

"EDGAR Online has a rich history of serving the diverse data needs of our customers; we started by being the first to offer immediate access to SEC filings via the web, moved into the tagging of corporate fundamentals using the XBRL standard and welcome this opportunity to work with NASDAQ to produce data for another high-value asset class," said Philip Moyer, EDGAR Online President and CEO. "The data solutions we will build with NASDAQ will enhance the investment decision making process and, ultimately, contribute to building transparency for capital markets here and abroad."

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