CAT NMS Committee Proposes Five-Month Delay to Broker Reporting
Under new plan, industry participants will begin reporting equities in April, with testing to commence in December.
Industry member reporting to the Consolidated Audit Trail will be delayed again, as the body charged with overseeing its development has proposed moving its testing period to December 2019.
Large broker-dealers will now work toward a go-live date of April 2020 for equities, a five-month delay from the planned November 2019 deadline, according to the National Market System (NMS) Operating Committee. Options are still set for a May 2020 deadline. Testing for both equities and options will now
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