CAT's Future Still Cloudy as NMS Committee Declines to Name New Processor

Technical specifications will remain the same even as the committee works on finding a new database operator.

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As the saga of the Consolidated Audit Trail (CAT) continues, the committee handling the project left the industry in limbo on February 20, as it refused, or said it was unable to answer, key questions during a highly anticipated webcast.

Despite the lack of a new technical lead following news that Thesys CAT will no longer be the plan processor, deadlines and technical guidelines for the industry to start reporting trades to the database remain the same, the operating committee said.

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