Not having specific requirements and procedures for firms to refer to ended up putting some funds in a tough place during the pandemic’s early days.
As CAT reporting activity picks up, error rates have somewhat surprisingly been well below what was expected in the testing and production environments.
US equity exchanges have pushed back aggressively against an SEC order directing them to submit a revised plan for operating the consolidated tapes of US equities quote and trade data.
A summary of some of the past week’s financial technology news.
A look at some of the key 'people moves' from this week including Greg Ruppert (pictured) who joins Finra as executive vice president.
The SEC has released a no-action letter, delaying deadlines for the Consolidated Audit Trail until at least mid-May.
The CAT is required to gather personal information, but the CAT NMS committee wants to use a masking method for security.
The exchange’s CEO and COO discuss its matching engine, Intel partnership, cloud strategy and plans for the future.
WatersTechnology looks at 16 projects in the capital markets that involve machine learning to show where the industry is heading.
Sources say broker-dealers have not yet signed an agreement allowing them access to the test environment.
A summary of some of the past week's financial technology news.
The regulator's goal is to decrease the back and forth during reporting and predict misreporting.
The vendor will be providing more data capture and processing services for the CAT than when originally selected as part of Thesys Technologies' failed CAT offering.
The technology giant is carrying out pilots on an Azure-based service for the SEC's CAT that will be ready for use within six weeks.
A look at some recent key people moves, including Carlo Di Florio (pictured), who joins ACA.
Industry members are also being asked to focus on large-volume trades for December’s deadline.
While still not a formal approval of new timelines, industry members should expect CAT deadlines to remain unchanged.
Finra CAT will lean heavily on AWS to help ensure that the database is secure.
Also, a look at new hires for IHS Markit, UBS, TickSmith, BitGo and Amber Group.
The regulator already uses machine learning to identify spoofing and layering activities.
Finra and the SEC are working on identifiers that mask personally identifiable information.
The plan will lay out a common process to move accounts if a broker-dealer falls into difficulties.
Under new plan, industry participants will begin reporting equities in April, with testing to commence in December.
A look at what's to come at FIA Boca; Finra was named the CAT plan processor; a Waters magazine relaunch.