Consolidated Audit Trail (CAT)
The Consolidated Audit Trail (CAT) requires US broker dealers to report US equity and options orders, which will enable regulators to track activity throughout the end-to-end lifecycle of a trade. The first industry test event is kicking off December 2019 and is expected to go live in April 2020. The CAT roll-out, and accompanying activities are expected to continue through 2022. Is your firm prepared to handle the upcoming reporting requirements?
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