SROs Submit Plan for Audit Trail, Initial Costs Estimates Average $53 Million

sec
SROs submitted a plan for the Consolidated Audit Trail to the SEC

The group of SROs, which consists of 17 exchanges and the Financial Industry Regulatory Authority (Finra), estimates in the 208-page regulatory filing that the CAT will initially cost between $30 million and $91.6 million to build, based on estimates of the six shortlisted bidders vying for the opportunity to create the CAT. Five-year estimates, which were provided by the bidders, of the cost of maintaining the CAT are between $135 million and $465 million.

The filing, which can be read in its

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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: