Microsoft Trials CAT Offering with Broker-Dealers
The technology giant is carrying out pilots on an Azure-based service for the SEC's CAT that will be ready for use within six weeks.
Microsoft is close to completing a service aimed at helping broker-dealers comply with the consolidated audit trail (CAT) regulation.
Lee Bressler, director and US capital markets lead at Microsoft, says the firm hopes to have the service ready in the next four to six weeks. The firm is currently carrying out pilots of the project with broker-dealers.
The CAT, a trading database mandated by the Securities and Exchange Commission (SEC), is intended to help regulators track all US activity in
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