Report From Rhode Island

Nowhere is this more evident than around the subject of data audits. Exchanges who have found instances of firms under-reporting their data usage rightly insist on protecting their products and ensuring that their data is accessed only by those who are properly authorized to access it. Meanwhile user firms-some of whom may have something to hide, but many of whom have already received clean bills of health from other exchanges-find audits forced on them by every venue from which they consume

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