Consolidated Audit Trail (CAT)
Clock Synchronization for CAT Plan Still Lacking, Sources Say
Questions remain about whether the current clock drift between exchanges and broker-dealers will allow for accurate data.
Waters Wavelength Podcast Episode 44: Fintech vs Regtech
Dan and Anthony debate the difference, or lack thereof, between firms labeled fintechs and regtechs.
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.
Waters Wavelength Podcast Episode 27: Trading Turrets, Sifma's CAT Comment Letter
Dan and Anthony talk about the future of trading turrets and Sifma's response to the CAT plan.
Sifma Comment Letter Latest in Long Line of CAT Issues
The hurdles the CAT has faced stem from the SEC giving the power to SROs.
Sifma: CAT NMS Plan Has Issues with Duplicative Systems, Cost, Data Security
Industry group criticizes SROs; calls for regulatory body to resolve issues before approval of development plan.
Waters Wavelength Podcast Episode 20: CAT, Unbundling Research, June Features
Dan and Anthony talk about the June features.
CAT Concerns: The Biggest Hurdles Still Facing the Massive Audit Trail
What still lies ahead for the Consolidated Audit Trail?
Challenges to CAT Adoption Still Remain
One month ago, on April 27, the Securities and Exchange Commission published its plans for a mandated Consolidated Audit Trail (CAT) for public comment, along with an economic analysis of the initiative, which it estimates will cost the industry $2.4…
Show Me the Data!
More firms need to be granted access to the CAT.
Clocking the CAT
Firms will need to focus on their clocks when it comes time to start reporting to the CAT.
Hot Topics at Sifma Ops: T+2, CAT, Blockchain
Three topics kept cropping up during panels at Sifma's annual operations conference.
Waters Wavelength Podcast Episode 15: Consolidated Audit Trail
Dan looks at the SEC's latest announcement around the CAT and then bothers Anthony on vacation.
SEC Publishes NMS Plan for CAT, Seeks Public Comment
Regulators have six months to approve or deny the plan for the consolidated audit trail.
Dan DeFrancesco: The Art of the Deadline
Deadlines on regulations in the capital markets are rarely hard and fast. Dan discusses why the back and forth between regulators and firms is so frustrating.
Data Security, Reporting Augmentation Still Pivotal Issues for CAT
Representatives from four bidders for the Consolidated Audit Trail (CAT) spoke at the TabbForum MarketTech 2015 conference about potential issues they see involving the building of the CAT.
What's the rush? The CAT is a Waiting Game Worth Playing
Dan DeFrancesco talks about why showing forbearance while waiting for the CAT might be best thing for the industry.
Finra Puts the Brake on Cards
Finra CEO Richard Ketchum says regulators will not proceed with Cards proposal until concerns are addressed.
Compromise in the Cards
Industry members raise concerns as the potential implementation date for Finra's Cards comes closer
SEC’s Stein: SEC Needs Data Analysis Office
Commisioner advocates for SEC-level chief data officer to oversee data management and analysis.
SEC Commissioner Calls for Office of Data Strategy; CAT Still Years Away From Completion
Kara Stein says SEC needs to open an office focused specifically on data.
Letting the CAT Out of the Bag
Thomas Sporkin and Timothy Coley lay out the business and regulatory arguments in favor of implementing the Consolidated Audit Trail in the US.
New SEC CIO Dyson Pursues Data-Minded Goals, Old and New
Eyeing HFT monitoring, big data initiatives.