Press Release: SEC Releases Source Code for Interactive Data Viewer for Free Use by the Market (Press Release No. 2007-194; September 21, 2007)
The SEC announced the free public release of source code for its Interactive Financial Report Viewer to promote innovation in XBRL-based financial data analysis, with no fraud, charges, or financial penalties involved.
The U.S. Securities and Exchange Commission (SEC) released the source code for its Interactive Financial Report Viewer into the public domain to enable private-sector development of tools that analyze corporate financial filings in XBRL format. This initiative supports the SEC’s XBRL Voluntary Financial Reporting Program, designed to improve investor access to structured, machine-readable financial data. No fraud, misconduct, or monetary penalties are associated with this announcement—it was a proactive transparency effort ahead of a planned industry event in New York.
The U.S. Securities and Exchange Commission (SEC) announced on September 21, 2007, that the source code for its Interactive Financial Report Viewer was being made freely available to the public to foster innovation in financial data analysis tools. This tool, first launched in December 2006, enables users to view and analyze corporate filings submitted in XBRL (eXtensible Business Reporting Language) format, which standardizes financial data for easier machine processing. Chairman Christopher Cox emphasized the SEC’s commitment to open access, stating the move would encourage private-sector development of cutting-edge applications using SEC data feeds. The release was part of the broader XBRL Voluntary Financial Reporting Program, aimed at enhancing transparency and investor understanding of corporate disclosures. The SEC planned to further highlight advancements in interactive financial reporting at a joint news conference with XBRL US and other industry partners in New York on September 25, 2007. No allegations of fraud, misconduct, or financial penalties were associated with this announcement—it was purely a technical and policy initiative to modernize financial reporting accessibility. The source code was made available via the SEC’s website to ensure unrestricted public use and promote widespread adoption of standardized financial data formats.
Extracted insights
- person christopher cox
- person interactive financial report viewer
- agency Securities and Exchange Commission
- organization Xbrl Us
- Securities And Exchange Commission releases source code for Interactive Data Viewer
- Securities And Exchange Commission Chairman Christopher Cox announced source code availability for free use by the market
- Securities And Exchange Commission will participate in a news conference with Xbrl Us
- Securities And Exchange Commission announces major breakthrough in introduction of interactive data reporting
- Interactive Financial Report Viewer allows investors to view and analyze Xbrl-based filings
- Securities And Exchange Commission Xbrl Voluntary Financial Reporting Program is an initiative to make filings more accessible
SEC Releases Source Code for Interactive Data Viewer for Free Use by the Market FOR IMMEDIATE RELEASE 2007-194 Major Breakthrough in Introduction of Interactive Data Reporting to Be Announced Next Week in New York Washington, D.C., Sept. 21, 2007 — Securities and Exchange Commission Chairman Christopher Cox announced today that the source code for the Interactive Financial Report Viewer that enables investors to analyze companies’ interactive data filings is now available via its Web site for free use by the market. “The SEC is committed to making the source code for all of our interactive data applications, including our Web-based interactive data viewer, available to the world as a basis for developing new XBRL-enabled products,” said Chairman Cox. “Contributing this to the public domain will encourage the development of software that uses SEC data feeds to give investors better and faster information with cutting-edge tools created by the private sector.” Separately, Chairman Cox said the SEC will participate in a news conference with XBRL US and others on Tuesday, Sept. 25 in New York to announce a major breakthrough in the introduction of interactive financial reporting. Interactive data is powered by XBRL, a computer software language that labels companies’ financial and other data with codes from standard lists so that investors and analysts can more easily locate and analyze desired information. The SEC’s XBRL Voluntary Financial Reporting Program is an initiative to make filings more accessible and understandable to the common investor by allowing public companies to submit documents in eXtensible Business Reporting Language (XBRL) format as exhibits to periodic reports and investment company act filings. The Interactive Financial Report Viewer, first released in December 2006, allows investors to view and analyze the XBRL-based filings submitted to the SEC. The source code is now available at: http://www.sec.gov/spotlight/xbrl/xbrlviewerlicense.htm http://www.sec.gov/news/press/2007/2007-194.htm Home | Previous Page Modified: 09/21/2007
SEC Releases Source Code for Interactive Data Viewer for Free Use by the Market FOR IMMEDIATE RELEASE 2007-194 Major Breakthrough in Introduction of Interactive Data Reporting to Be Announced Next Week in New York Washington, D.C., Sept. 21, 2007 — Securities and Exchange Commission Chairman Christopher Cox announced today that the source code for the Interactive Financial Report Viewer that enables investors to analyze companies’ interactive data filings is now available via its Web site for free use by the market. “The SEC is committed to making the source code for all of our interactive data applications, including our Web-based interactive data viewer, available to the world as a basis for developing new XBRL-enabled products,” said Chairman Cox. “Contributing this to the public domain will encourage the development of software that uses SEC data feeds to give investors better and faster information with cutting-edge tools created by the private sector.” Separately, Chairman Cox said the SEC will participate in a news conference with XBRL US and others on Tuesday, Sept. 25 in New York to announce a major breakthrough in the introduction of interactive financial reporting. Interactive data is powered by XBRL, a computer software language that labels companies’ financial and other data with codes from standard lists so that investors and analysts can more easily locate and analyze desired information. The SEC’s XBRL Voluntary Financial Reporting Program is an initiative to make filings more accessible and understandable to the common investor by allowing public companies to submit documents in eXtensible Business Reporting Language (XBRL) format as exhibits to periodic reports and investment company act filings. The Interactive Financial Report Viewer, first released in December 2006, allows investors to view and analyze the XBRL-based filings submitted to the SEC. The source code is now available at: http://www.sec.gov/spotlight/xbrl/xbrlviewerlicense.htm http://www.sec.gov/news/press/2007/2007-194.htm Home | Previous Page Modified: 09/21/2007