Data Will Support The PORTAL Market
NEW YORK, Feb. 28 /PRNewswire-FirstCall/ -- 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." About NASDAQ NASDAQ is the largest U.S. equities exchange. With approximately 3,100 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks as well as a leading liquidity pool for trading NYSE-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at http://www.nasdaq.com/ or the NASDAQ Newsroom at http://www.nasdaq.com/newsroom/.
About EDGAR(R) Online, Inc.
EDGAR Online, Inc. http://www.edgar-online.com/, is a leading provider of value-added business and financial information on global companies to financial, corporate and advisory professionals. The company makes its information and a variety of analysis tools available via online subscriptions and licensing agreements to a large user base.
EDGAR(r) is a federally registered trademark of the U.S. Securities and Exchange Commission (SEC). EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission. EDGAR Online is a product of EDGAR Online, Inc.
This press release may contain "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this press release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements contained in EDGAR Online's filings with the SEC. EDGAR Online disclaims any obligation to update or revise any forward-looking statements. DATASOURCE: EDGAR Online, Inc.
CONTACT: T. David Colgren, Colcomgroup, Inc., +1-646-536-5103, or , for EDGAR Online, Inc.
Web site: http://www.edgar-online.com/ http://www.nasdaq.com/ http://www.nasdaq.com/newsroom
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