Order audit trail system (Oats)

CAT Constructor: Why Thesys Won, Finra Lost and What Comes Next

On January 17, the self-regulatory organizations announced that Thesys Technologies had won the right to build the Consolidated Audit Trail, putting it in charge of what will be one of the biggest financial technology projects in the history of the…

Clocking the CAT

Firms will need to focus on their clocks when it comes time to start reporting to the CAT.

Identification Proliferation

New order audit trail specifications are expected to generate increased volume of codes for processing, including more rejected code issues for firms to address. Michael Shashoua lays out the scope of the new rules and how firms are viewing the…