CAT: Moving the Ball Forward

CAT: Moving the Ball Forward

With a new contractor taking over the Consolidated Audit Trail project in March, the order-tracking system for all U.S. stock and option trading activity is pushing ahead with equities testing starting in December and a go-live date of April 2020.



With a new contractor taking over the Consolidated Audit Trail project in March, the order-tracking system for all U.S. stock and option trading activity is pushing ahead with equities testing starting in December and a go-live date of April 2020.

On March 18, the CAT NMS Operating Committee, which runs the Consolidated Audit Trail, opened a registration page to capture basic information from industry members and third-party CAT reporters, requiring broker dealers and technology providers to sign up and prepare for data submissions and file validation prior to live reporting.

“Any industry member of a national securities exchange or national securities association that handles orders or quotes in National Market System (NMS)  equity securities, OTC equity securities or listed options is required to register,” said Paul McKenney, a senior director at FINRA on the March 19 industry webcast.

Read More

FlexTrade is a global leader in broker-neutral, execution and order management trading systems for equities, FX, options, futures and fixed income. A pioneer in the field, FlexTrade introduced the first trading system that allowed clients to control and customize their proprietary algorithms while maintaining the confidentiality of their trading strategies. Change is the only constant in electronic trading. That's why FlexTrade is continuously upgrading its products and services. All can be tailored to meet the demanding requirements of a global client base of more than a 225 buy- and sell-side firms.
CONTACT
Sales
sales@flextrade.com
516-627-8993
  Company Website
  Linkedin
  Company Blog
  Newsletter
  Google +