OTC Markets Group Inc announced it has finalized the acquisition of EDGAR Online (NASDAQ:EDGR), a premium supplier of real-time SEC regulatory data and financial analytics.
EDGAR Online provides disclosure documents in multiple formats, company financials, structured data sets and mission-critical insights directly to exchanges, brokerage firms, data distributors and financial portals.
OTC Markets, the operator of regulated markets for 12,000 US and international securities, acquired EDGAR from Donnelley Financial LLC for an undisclosed amount.
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In a statement, OTC’s executive vice president of market data and strategy Matt Fuchs told investors that the acquisition furthers the OTC’s commitment to leverage specialized data sets and distribution channels to drive market transparency, operational efficiency, and regulatory compliance.
“We are excited to serve EDGAR Online customers with competitively priced financial data and unique compliance analytics,” Fuchs said. “We are adding a strong team with deep expertise. The acquisition enables us to create value for clients by combining the power of corporate disclosure databases with our market data.”
According to OTC, integrating the EDGAR Online data and domain expertise into its platform will provide investors, traders, and compliance teams with a more comprehensive view of an issuer and its securities.
Its data offering will now cover the full US public company disclosure dataset, including SEC Reporting, Bank Reporting and OTCM’s Disclosure and News Service.
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