CAT CONSULTING SERVICES
Implementing and verifying CAT compliance.
Consolidated Audit Trail (CAT)
CAT’s goal of improving trading surveillance has introduced significant reporting complexity to securities brokers. CAT has extended previous regulatory requirements by including new events and business activities, widening product scope, and implementing a strict error-correction cycle. Most critically, its broad surveillance capabilities include using personally identifiable information (PII) for each transaction, trying together the “what” with the “who” for the first time in reporting history.
The complexity of CAT requires a necessary combination of regulatory, institutional, security, and data-strategy expertise. With our deep business domain knowledge and technical skill, we prepare firms for CAT compliance while ensuring the most secure and efficient life cycle for their data.
Our services include Regulatory Health Checks that can assess your current state of compliance as well as a range of targeted services for each stage of CAT compliance.
Regulatory Health Checks
Our comprehensive reviews of your applications, infrastructure, and business processes can provide your firm with a roadmap to CAT compliance. These Regulatory Health Checks focus on data quality, completeness, and accuracy, providing:

Recommendations for reconciling gaps between CAT and the order audit trail system (OATS) it supersedes

Advice on avoiding re-occurrences of reporting breaks

Remediation plans for incomplete, erroneous, and inaccurate data
We offer our Regulatory Health Checks in three standard tiers, with an option to tailor a custom Health Check upon request.
Silver
- Rule Interpretation
- In-House Business Requirements
- Completeness
Gold
- Rule Interpretation
- In-House Business Requirements
- Completeness
All of the above, plus:
- Testing
- Data Quality
- Data Source
- Event Eligibility
Platinum
- Rule Interpretation
- In-House Business Requirements
- Completeness
- Testing
- Data Quality
- Data Source
- Event Eligibility
All of the above, plus:
- Product Eligibility
- Report Generation
- Customer Reference Data
- Error Correction
- Surveillance
Targeted CAT Offerings

Our free, customizable dashboard provides analytics to CAT Operations teams
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