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
IBM makes headway with blockchain and encryption services; the FCA's Stephen Hanks says firms need to make decisions about their ARMs and APA providers soon.Subscribe to Weekly Wrap emails