Order audit trail system (Oats)
Finra clears hurdle with CAT launch, but several others remain
Two major components of the consolidated audit trail are now in place. But wrangling over the CAT’s future continues.
Oats retirement imminent as Cat maintains data quality, Finra says
Oats reporting could be fully migrated to the Consolidated Audit Trail and the Oats system retired as early as June 30.
Waters Wrap: A dangerous game of Cat & hacker (And reg reporting fees)
Anthony takes a look at the Consolidated Audit Trail and concerns over its security. He also touches on the rapidly changing face of the regulatory reporting marketplace.
As June Deadline Looms, Broker-Dealers Begin Reporting to the CAT
As CAT reporting activity picks up, error rates have somewhat surprisingly been well below what was expected in the testing and production environments.
This Week: ICE, Nasdaq/R3, BMLL/OpenFin, DASH
A summary of some of the past week’s financial technology news.
SEC Democratic Commissioner Slams CAT Delays
Robert Jackson dissented from a new proposed order to modernize exchange data.
CAT's Future Still Cloudy as NMS Committee Declines to Name New Processor
Technical specifications will remain the same even as the committee works on finding a new database operator.
CAT’s Tale: How Thesys, the SROs and the SEC Mishandled the Consolidated Audit Trail
WatersTechnology investigates the torturous journey to create a stock-trading database for the US, and where the project goes from here.
After Delays, CAT Reporting Begins Tomorrow
The Consolidated Audit Trail will begin receiving reports on November 15, a year after it was supposed to start.
Finra to Sunset Oats Over a Two-Year Period
Shutting down Oats may take two years and depend on CAT data accuracy.
CAT Constructor: Why Thesys Won, Finra Lost and What Comes Next
On January 17, the self-regulatory organizations announced that Thesys Technologies had won the right to build the Consolidated Audit Trail, putting it in charge of what will be one of the biggest financial technology projects in the history of the…
CAT Selection Shows Industry's Interest in Change
Thesys choice upsets the status quo.
Thesys Selected by SROs to Build Massive Audit Trail
Vendor selected from 31 bidders to build, implement and maintain the Consolidated Audit Trail.
Duplicate Reporting Remains Major Issue for CAT Going Forward
Requiring SROs to report data to obsolete platforms is counterintuitive to the entire industry.
SEC Approves CAT Plan, Will Select Firm to Build It Within 2 Months
The regulator modified several points of the NMS plan prior to approval.
FINRA Fines BarCap $1.3M for Reporting ‘Failures'
The failures included missing or duplicate reports, and erroneous data for timestamps and execution quantities, among other data fields.
CAT Concerns: The Biggest Hurdles Still Facing the Massive Audit Trail
What still lies ahead for the Consolidated Audit Trail?
Clocking the CAT
Firms will need to focus on their clocks when it comes time to start reporting to the CAT.
Finra Fines Goldman Sachs Ex & Clearing $1.8 Million
OATS reporting violations said to span more than eight years.
Why Clock-Watching is Good
Perseus' Jock Percy looks at the need for clock standardization.