Webcast: Harnessing Big Data Technologies for CAT Compliance

Panelists discuss the challenges facing broker-dealers in the US when it comes to complying with CAT mandates.

On March 23, 2015, Waters assembled a panel of experts to discuss the business and compliance benefits that stand to be realized through the deployment of big data technologies and platforms, especially with respect to how they might assist broker-dealers comply with Rule 613 in the US.


Big-data technologies are not new to the capital markets by any means. In fact, buy-side and sell-side firms have been using such tools for the past five years to help them assimilate, process and analyze ever increasing volumes of structured and unstructured data for a range of functions including risk management and trading-related tasks.

But harnessing big-data technologies on the regulatory front to help broker-dealers comply with the ever-expanding universe of regulations that impact their day-to-day operations ─ like Rule 613 pertaining to the Consolidated Audit Trail in the US ─ is anything but commonplace. And while US-based broker-dealers might be at the forefront of this new drive, similar such requirements are likely to impact capital markets firms in other locations, including those of the UK and Western European markets.

Panelists include:

• Tom Sporkin, partner and government enforcement & litigation attorney at international law firm, BuckleySandler
• Gary Bhattacharjee, executive director at Morgan Stanley
• Alex Gurevich, CTO, analytics and data management for the Americas, HP
• Victor Anderson, editor-in-chief, Waters and WatersTechnology

Points of discussion covered in this webcast include:

• Is the current data management challenge facing capital markets firms similar to those that they faced five years ago, and if not, how has the nature of the challenge changed in the intervening period?
• Are capital markets firms changing the way they use big-data technologies in terms of their applications? If so, how and what are the changes that have transpired?
• With respect to Rule 613 pertaining to the Consolidated Audit Trail in the US, what are the technology and operational challenges facing broker-dealers?
• Where have capital markets firms gone wrong in the past with respect to deploying and getting the most out of their big-data technologies/applications?
• What are the ingredients that ought to be included in the "ideal" big-data platform when it comes to assisting broker-dealers comply with Rule 613?
• What technology and operational areas do capital markets firms tend to underestimate when it comes to developing and deploying big-data platforms, especially when it comes to regulatory compliance?
• What technologies are currently available on the market that can assist broker-dealers comply with Rule 613?

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