Mapping Data a Worthwhile Project While the CAT Lies in Wait
Broker-dealers should look into gathering data that may be reported into the CAT even before the system goes live for its own internal purposes, experts say.
The CAT, envisioned as a database of transactions in the market to track trading activity in US equities and listed options, is expected to start in November with self-regulatory organizations (SRO) reporting to the system. But broker-dealers should start figuring out their data custody, even if further delays persist.
Ronald Veith, executive director at JPMorgan Chase, said during a panel discussion at the annual Securities Industry and Financial Markets Association (Sifma) operations
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