CAT 'Tsar' May be Required to Break Gridlock

Experts say the structure of the decision-making process hinders its speed.

Getty Images

The Consolidated Audit Trail (CAT), an ambitious program meant to track trading activity in US equities and listed options, was meant to go live in November 2017 for self-regulatory organizations (SROs)—the US trading venues that comprise the committee charged with overseeing the operation of the system, which is being built by Thesys Group. However, participants requested exemptive relief from the US Securities and Exchange Commission (SEC) shortly before this deadline, saying it would not be

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: