Vendors Ready Functionality to Comply With Dodd-Frank Act

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Data management software vendors are looking at adding functionality to help users meet new data reporting requirements following the introduction of the US Dodd-Frank Wall Street Reform Act, particularly by improving position management capabilities.

The Act, signed by President Obama on July 21, includes the set-up of the Office of Financial Research (OFR), a data collection and analysis centre. Firms will be required to send data to the OFR, but the data items and formats needed for complianc

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