Decision to be Made on CAT Plan Processor Soon, Sources Say

The announcement of which firm will be responsible for building the massive audit trail could come as soon as tomorrow.


"I expect the decision will be made Friday, but don't know when it will be made public," one source tells WatersTechnology.

Another source says the pick will likely be made on Friday or Tuesday.

Three vendors are vying for the right to run the CAT: FIS, a global provider of banking and payments technologies that acquired SunGard, the original bidder, in November 2015; Thesys Technologies, the vendor arm of high-frequency trading firm Tradeworx; and the Financial Industry Regulatory Authority

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SEC squares off with broker-dealers over data analytics usage

The Gensler administration has ruffled feathers in the broker-dealer community with a new proposal seeking to limit their use of predictive data analytics. But at the heart of this deal is something far more seismic: one of the first attempts by the SEC to regulate AI.

The Cusip lawsuit: A love story

With possibly three years before the semblance of a verdict is reached in the ongoing class action lawsuit against Cusip Global Services and its affiliates, Reb wonders what exactly is so captivating about the ordeal.

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