Data Security, Reporting Augmentation Still Pivotal Issues for CAT
Representatives from four bidders for the Consolidated Audit Trail (CAT) spoke at the TabbForum MarketTech 2015 conference about potential issues they see involving the building of the CAT.
Imagine a platform that can track all the orders, executions and quote lifecycles for equities and options on a daily basis and then store the data in a central repository. That, in a nutshell, is what the Consolidated Audit Trail (CAT) is looking to do.
Unsurprisingly, the process of planning how to build a system that will be required to process an estimated 58 billion records a day has not gone smoothly. Since the inception of the idea in 2012, progress towards building the CAT has moved
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