SEC Announces Successor to EDGAR Database

Aug 22, 2008

Securities and Exchange Commission announced the successor to the agency’s 1980s-era EDGAR database, which will give investors access to key financial information about public companies and mutual funds. The new system is called IDEA, short for Interactive Data Electronic Applications. Based on a new architecture being built from the ground up, it will at first supplement and then eventually replace the EDGAR system. The decision to replace EDGAR marks the SEC’s transition from collecting forms and documents to making the information itself freely available to investors.