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Can you elaborate on the difference between "misreport" (def: a false or incorrect report) and an "under report" (def: a report that reports a number below the
by DerpDerpDerp 13y ago
Can you elaborate on the difference between "misreport" (def: a false or incorrect report) and an "under report" (def: a report that reports a number below the truth)?
- anonu 13y agoThe effect of under reporting was due to the rules and regulations around how trades are reported to the consolidated tape. Those rules changed recently to bring the consolidated tape volume closer to the actual volumes. Misreporting implies malicious intent.
- DerpDerpDerp 13y agoI don't think the term "misreport" implies malice; just that the report be inaccurate. A temperature sensor that both reports both high and low temperatures is said to misreport the temperature. I understand your comment, however, if you are saying that it wasn't malicious - it was misreports stemming from decisions about how to implement the rules.