Edgar Online forms data partnership with OTC Markets

Source: Edgar Online

EDGAR® Online, Inc. (NASDAQ:EDGR), a leading global provider of XBRL (eXtensible Business Reporting Language) software, services and data, today announced a partnership with OTC Markets Group (OTCQX: OTCM), the financial information and technology services company that provides the world's largest electronic marketplace for broker-dealers to trade over-the-counter (OTC) stocks.

EDGAR Online and OTC Markets Group will work together to develop and distribute a number of data sets beginning in the first quarter of 2012. The data sets, focused on OTC companies not reporting to the SEC, will help provide transparency into the marketplace which will help increase both visibility and liquidity.

Investment professionals and broker-dealers rely on a number of data resources to support their investment decisions, better serve their clients, and reach their target outcomes. While OTC Markets Group works to make the unlisted markets more transparent to investors, EDGAR Online serves hundreds of publicly traded firms across multiple sectors and industries to improve the flow of business information and author detailed filings to meet industry regulations. Together, OTC Markets Group and EDGAR Online are in a unique position to provide the investment community with information currently not easily digestible in the marketplace.

"OTC Markets Group is creating a more transparent OTC marketplace for investors by segmenting the market into the OTCQX, OTCQB and OTC Pink tiers. One of the cornerstones of our market tier hierarchy is the availability and timeliness of financial disclosure that a company provides to market participants," said Matthew Fuchs, Managing Director - Market Data & Strategy of OTC Markets Group. "By joining forces with EDGAR Online, we are able to provide OTC investors with greater access to data in financial statements and establish another avenue to disseminate this unique information to third-party market data distributors' financial websites and analytical databases."

Robert J. Farrell, President and CEO of EDGAR Online said, "The ability to create and leverage unique and sought after data sets using XBRL technology is a boon to investors who want a reliable way to analyze and compare data to support their financial decisions. We know XBRL better than anyone else in the industry, and we're looking forward to working with th OTC Markets Group to bring that expertise to our joint customers through these compelling data sets."

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