Understanding Under-Reporting

IMD: What is involved in the process of conducting exchange data audits, for exchanges, end-users and intermediaries?

Stuart Richardson, head of compliance, Reuters: In simple terms, exchanges will review how their data flows through the systems to end-users, the controls around that data, and a comparison of users permissioned versus users reported and paid for. An audit of a vendor would entail reviewing how the data is received from the exchange through the permissioning systems to the end

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