The SEC’s Consolidated Audit Trail (CAT) is an ambitious big data surveillance effort that has been controversial from the start. Yet despite industry pushback and the pandemic-induced lockdowns and market volatility, the CAT initiative and its deadlines are forging ahead.
FTF News was fortunate enough to get time with Ellen Greene to discuss key aspects of the CAT journey. Greene is managing director for equity and options market structure for the Securities Industry and Financial Markets Association (SIFMA), an industry trade group.
In her role at SIFMA, Greene oversees market structure issues that are impacting the participants in equities and listed options markets.
Our FTF Exchange discussion covers:
- SIFMA’s legal action on behalf of brokers/dealers as far as the liability issues of the CAT Reporter Agreement;
- The buy side’s CAT concerns
- The impacts of the pandemic lockdown on CAT progress
- And the CAT data security concerns to come.
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Here is a sampling of our recent CAT Coverage:
- Cowen Uses N-Tier for CAT Reporting System
- SIFMA, SROs Settle CAT Fight
- CAT Helps Sell Side Boost Regulatory Ops: Q&A
- Pandemic Overshadows CAT Reporting Milestone
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