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.
The founder and CEO of Imperative Execution looks at how trade execution is changing and what that means for the buy side.Subscribe to Weekly Wrap emails
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