Finra has told firms to stop reporting trades to the Oats tape from September 1, as the SEC's Cat becomes the definitive audit trail for US securities markets activity.
US competing consolidators grapple with pricing uncertainty as SEC, exchanges battle over new Sip regime
Vendors who want to provide consolidated market data under the SEC’s new system can’t make plans until they know how they are going to be charged for market data. But the fee schedules are mired in legal action and confusion.
Manisha Kimmel played a key role in getting the CAT running and worked at rival Refinitiv before joining the US regulator.
MayStreet has taken over the role of market data provider to the SEC's Midas data consolidationand market analysis platform.
Under new plan, industry participants will begin reporting equities in April, with testing to commence in December.
While no one involved in the building of the stalled Consolidated Audit Trail is free from blame, Anthony says there are reasons to believe the CAT won’t ever materialize, regardless of the plan processor.
Technical specifications will remain the same even as the committee works on finding a new database operator.
WatersTechnology investigates the torturous journey to create a stock-trading database for the US, and where the project goes from here.
US Consolidated Audit Trail consortium fires database processor in shock move.
There were no major hiccups when the CAT was rolled-out to SROs on November 15 but it is still not ready for full industry implementation.
The Consolidated Audit Trail will begin receiving reports on November 15, a year after it was supposed to start.
The Commission says it is open to providing leeway to broker-dealers if the CAT cannot accept some trade data.
Eze Software’s Phil Christianson gives five tips for improving a firm’s use of the Agile methodology, and Anthony and James look at the latest CAT development.
If a House bill seeking to ban the gathering of PII data passes, plan processor says it will wait for guidance from the NMS committee.
Broker-dealers should look into gathering data that may be reported into the CAT even before the system goes live for its own internal purposes, experts say.
The two new firms, Reg&Tech and Baymarkets, will focus on regulatory technology and clearing solutions, respectively.
Tradeworx, now Thesys Group, is the latest in a series of firms that has decided to pull back from trading activities and focus on fintech. And it’s unlikely to be the last.
Vas Rajan will be responsible for validating security measures for the CAT in a vital phase of the system's roll-out.
When the Consolidated Audit Trail failed to go live in November last year, questions came as to why—but answers were not easy to come by.
The SEC’s Consolidated Audit Trail (CAT) of US equities trade data hit a fresh snag in late 2017, missing a major deadline for reporting, blaming insufficient cyber defenses. As it marches into another crucial year, Tim Bourgaize Murray reports on the…
The company renamed itself Thesys Group and will focus on growing Thesys Technologies.
Lobby group is looking at other types of data that it can suggest to the SEC for use in the CAT.
The Consolidated Audit Trail provider created the role of president to better oversee development of the CAT.
Thesys, in a hearing at a Congressional committee, also said it has lined up over 20 candidates for a chief information security officer post.