Investopedia

Real-Time Trade Reporting

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Dictionary Says

Definition of 'Real-Time Trade Reporting'

A requirement imposed on market makers (and in some instances, non market makers) to report each trade immediately after the transaction is completed.
Investopedia Says

Investopedia explains 'Real-Time Trade Reporting'

Traded stocks are subject to real­-time trade reporting within 90 seconds of execution.

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