SEC Announces Successor to EDGAR Database
"Securities and Exchange Commission Chairman Christopher Cox today unveiled the successor to the agency’s 1980s-era EDGAR database, which will give investors far faster and easier access to key financial information about public companies and mutual funds.

SEC Chairman Christopher Cox demonstrates the future benefits of interactive data financial reporting to investors SEC Chairman Christopher Cox demonstrates the future benefits of interactive data financial reporting to investors

The new system is called IDEA, short for Interactive Data Electronic Applications. Based on a completely 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 to give them better and more up-to-date financial disclosure in a form they can readily use.