Challenges to CAT Adoption Still Remain
The platform will track orders, executions and quote lifecycles for all equities and options on a daily basis, and store the data in a central repository. The SEC first approved the concept of the CAT in July 2012, which has been mired in red tape since. And plenty of questions surrounding the CAT remain, specifically around cybersecurity, the retirement of redundant systems, and the overall achievability of the current timeline.
Only three of the original 31 bidders that submitted to build the
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