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.
After 14 years of planning, a project to improve transparency and oversight in US markets is finally a reality. The much-awaited second part of the Consolidated Audit Trail went live in May, allowing regulators and market surveillance officials to link specific transaction records stored in the CAT database to the accounts behind each trade.
Although the rollout received little fanfare, the new system marked a significant milestone for the project, according to Howard Meyerson, managing director
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