Over lunch at a story meeting today, we were kicking around the SEC's planned $54 million upgrade of its EDGAR financial statement filing system.
As Marie Leone pointed out yesterday, that rollout comes with a full court press from the SEC for companies to adopt XBRL.
"It's about time to retire EDGAR, and thank it for its good and faithful service," SEC Chairman Chris Cox told reporters yesterday. You'll hear more from us on that, and the SEC's XBRL push.
But the obvious and pressing question: What to call EDGAR's successor? EDGAR, any finance geek should know, stands for Electronic Data Gathering and Retrieval system.
So who should come next? We pretty much agreed that it ought to be a girl this time.
My suggestion? How about IDA — for Interactive Data Analysis? That would seem to hit all the chairman's favorite buzzwords, while not discarding the government's unique ability to make the latest and greatest technology investments sound like close friends of your grandparents.
Then again, given the XBRL emphasis, maybe XENA would be better: the XBRL-Enabled Number Analyzer. That would be sexier, anyway.
Any other suggestions?
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