EDGAR Online said it will start delivering data on over-the-counter stocks that do not report their financial results to the SEC.
The for-profit offshoot of the original Electronic Data-Gathering, Analysis, and Retrieval system adopted by the SEC in the early ‘90s said it will provide the data through a partnership with OTC Markets Group.
OTC Markets operates three electronic marketplaces for over-the-counter trading of securities that are not found on national exchanges.
These include the OTC Pink, OTC QB and OTC QX markets, which have different levels of information about the securities being traded. The venues include more than 10,000 securities.
EDGAR Online and OTC Markets Group said Wednesday morning they “will work together to develop and distribute a number of data sets beginning in the first quarter of 2012.’’
The data sets will help investors receive and interactively analyze the performance and prospects of the over-the-counter stocks.
EDGAR Online now specializes in delivering data in a computer-readable format that adheres to the eXtensible Business Reporting Language that can be interpreted by desktop and portable computing devices through Web browsers.
The alliance will “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," said Matthew Fuchs, Managing Director – Market Data & Strategy of OTC Markets Group.
"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,’’ said Robert J. Farrell, President and CEO of EDGAR Online.
-- This article first appeared on Securities Technology Monitor.