Industry Addresses Data Audit Pain
SPECIAL REPORT: INSIDE MARKET DATA YEAR IN REVIEW
Audits of data consumers by exchanges to ensure firms accurately report their use of market data have been the subject of an increased focus from both sides of the process during 2006.
Chief among the reasons for this was the discovery—revealed exclusively by Inside Market Data—that Citigroup had paid a £6.4 million fine to the London Stock Exchange after under-reporting its use of real-time and delayed data from the LSE and its FTSE index subsidiary. The data was being fed into data models that
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