What are the main challenges of using real-time data in finance?

What are the main challenges of using real-time data in finance?

The main challenges include data accuracy, latency issues, integration with existing systems, and regulatory compliance.

How does data accuracy impact financial decisions?

Data accuracy is crucial as it affects risk assessment, investment strategies, and overall market predictions.

What are latency issues and how do they affect trading?

Latency issues refer to delays in data transmission, which can lead to missed trading opportunities and financial losses.

Can you explain how regulatory compliance complicates real-time data usage?

Regulatory compliance requires strict adherence to data handling and reporting standards, which can slow down real-time data processing.

What technologies are being used to overcome these challenges?

Technologies like AI, machine learning, and advanced analytics are being used to enhance data processing and accuracy.