Thesys Moves Forward with CAT, Signs Contract with SROs
According to regulatory filings, the CAT will cost the industry $50.7 million for the fiscal year beginning November 2016.
Thesys Technologies announced that the next step in building the Consolidated Audit Trail (CAT) has been achieved, as the technology subsidiary of Tradeworx signed the contract with the self-regulatory organizations (SROs) to build the platform that will manage the tracking and auditing of all stocks and options transactions by the Securities and Exchange Commission (SEC).
In January, the consortium of SROs tapped Thesys to build and replace legacy reporting systems, including the Order Audit
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