If a market-structure project fails to start, but nobody notices, did it really fail in the first place? That’s the question facing the Consolidated Audit Trail (CAT) at the moment. Based on the CAT NMS (national market system) plan, self-regulating organizations (SROs) such as securities exchanges were meant to start reporting information on trades to the CAT processor by November 15. That day came and went, yet no SRO filed a single report. An air of mystery surrounds that day, given that no
The founder and CEO of Imperative Execution looks at how trade execution is changing and what that means for the buy side.Subscribe to Weekly Wrap emails
- Waters Rankings 2019: All the Winners
- Mizuho Finds New Ways to “Activate” its Data Using AI
- Barclays Nearly Finished with First Major Quantum Computing Experiment
- Banks, Asset Managers Turn to Web Scraping to Generate Alpha
- The AI Ethics Dilemma: Banks Find a Fine Line Between New Tech and 'What's Right'