IBM Talks CAT Database

Dan DeFrancesco chats to IBM's Ron Lefferts about his firm's role in creating and managing the database underpinning the Consolidated Audit Trail, set to come online in November this year.

Ron Lefferts, IBM
Ron Lefferts, IBM

It will be one of the largest—possibly the largest—financial databases in the world when it is complete, so it seems only fitting that a technology vendor of equal size has a hand in building it. The Consolidated Audit Trail (CAT) will track 58 billion records a day and have a central repository that grows to more than 21 petabytes in its first five years of existence, making it one of the largest financial databases in the world.

And while Thesys Technologies, the vendor arm of high-frequency

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