The Consolidated Audit Trail (CAT) tracks orders throughout their lifecycle and identifies broker-dealers and exchanges handling them, thus allowing regulators to more efficiently and accurately track activity in eligible securities throughout the U.S. markets. Today, the CAT reporting expectations for both participants and industry members are still uncertain. Broker-dealers have the opportunity to more efficiently design and implement their CAT reporting processes, with a specific focus on data collection and the opportunities it entails.
COOL CAT: CONSOLIDATED AUDIT TRAIL AND ITS DATA POTENTIAL
Published: 12 June 2018