SECs CAT Plan And The Cost To Industry

20 May 2016
As technology becomes the predominant means for delivering financial services and interacting with markets, industry regulators have focused more keenly on the development of their own tools to effectively monitor activity. The U.S. Securities and Exchange Commission took a significant step in that direction on April 27, 2016, by proposing for comment the latest version of the consolidated audit trail (CAT) plan, which will create a database accumulating all data relating to equity and options markets activity.