SEC's Large Trader Reporting System Raises Leakage Fears
Trading firms and market observers are concerned about the potential for information leakage under the real-time reporting requirements that the US Securities and Exchange Commission (SEC) has proposed as part of its large trader reporting system (LTRS) plan issued in April, according to industry participants who spoke during a conference in New York earlier today.
"The proposal is undoubtedly structured so the information is confidential, but one wonders whether information can be obtained by
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