Industry resists Dodd-Frank real-time reporting
Industry experts are pushing back against proposals for real-time trade reporting as laid out in the Dodd-Frank Act, arguing that real-time or ‘T0' reporting will not give a clear or accurate picture of the trades they relate to. "The challenge will be getting data at T0 that is complete and accurate," says Paul Saunders, a director at Sapient Global Markets. "It's far easier to ensure data accuracy at T+1 when there has been time to validate trade information."
The Dodd-Frank Act mandates that
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