Posts Tagged ‘financial reporting’

SEC goes interactive

January 6, 2009

The Securities and Exchange Commission approved requiring public companies to release interactive versions of their financial data.  What I think this means is that it will be possible to download financial tables in XML and run independent calculations on the numbers in Excel and other applications.  The SEC has also unveiled, IDEA, Interactive Data Electronic Applications, which will replace EDGAR as the platform for these new capabilities. 

This could have big implications to the companies that currently re-package and sell this data.  I’m sure they are working furiously to get new products and services to market to take advantage of these developments.

News release