SEC gunning to take over Cat in 2027
Regulator's bid for control of market surveillance apparatus splits industry participants
The US Securities and Exchange Commission is preparing to take “responsibility” of the Consolidated Audit Trail, the massive database of trade information used to identify bad actors in US financial markets.
On Monday last week, SEC chairman Paul Atkins laid out his plans for the Cat’s future in a letter to Robert Walley, the chair of the Cat NMS plan operating committee, writing: “As staff
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