CAT Bid List Shrinks to Six

sro-consolidated-audit-trail-components-flow

The six bids selected for shortlisting are: AxiomSL and Computer Sciences Corporation (CSC); EPAM Systems, Finra; J. Streicher Analytics on behalf of the Catpro Consortium of Hewlett Packard, Booz Allen, and Buckley Sandler; SunGard Data Systems; Thesys Technologies.

"We would like to thank all parties who submitted a bid for this important effort," says John Zecca, SVP of Nasdaq on behalf of the self-regulatory organizations (SROs) making the choice. "We will continue to consult with industry representatives and the trading community to develop the infrastructure to support this regulatory system, which is being designed to enhance the oversight of our markets."

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Removal of Chevron spells t-r-o-u-b-l-e for the C-A-T

Citadel Securities and the American Securities Association are suing the SEC to limit the Consolidated Audit Trail, and their case may be aided by the removal of a key piece of the agency’s legislative power earlier this year.

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