EDGAR Public Dissemination Service (PDS) System
What it is:
The EDGAR Public Dissemination Service (PDS) System is an electronic system that receives SEC filings.
How it works/Example:
Keane Federal Systems operates the EDGAR Public Dissemination Service (PDS) System. Subscribers pay a fee to receive real-time public filings with the U.S. Securities and Exchange Commission (SEC) and tech support. EDGAR, the Electronic Data Gathering, Analysis and Retrieval system, is an automated system of submission used by public companies required to file forms with the SEC.
Why it matters:
The EDGAR system is available to the public, and anybody can search the database for filings for free, but the EDGAR PDS System is a way to get them in real-time as they are remitted to the SEC. This can give analysts and traders an advantage because in the money world, information is the most valuable asset.