Imagine a platform that can track all the orders, executions and quote lifecycles for equities and options on a daily basis and then store the data in a central repository. That, in a nutshell, is what the Consolidated Audit Trail (CAT) is looking to do.
Unsurprisingly, the process of planning how to build a system that will be required to process an estimated 58 billion records a day has not gone smoothly. Since the inception of the idea in 2012, progress towards building the CAT has moved abou
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails