Real-Time Trade Reporting

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Real-Time Trade Reporting

A requirement that market makers on NASDAQ report each transaction publicly within 90 seconds of its taking place. Real-time trade reporting exists to improve efficiency and transparency in the market.
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For instance, Alan Bartlett, director of Customer Trading at Pershing LLC, said, "I have been very impressed with the speed and efficiency of the MSRB Real Time Trade Reporting System working in tandem with the Real-Time Trade Matching system.
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