The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

The CAT Makes Progress with Selection of Exegy to Provide Timestamp Data

The US Consolidated Audit Trail (CAT) has been a long time in the making, but progress has been made recently with the selection of Exegy’s packet capture service to provide trade timestamps to the CAT, and a move by the FIX trading community to plan a FIX CAT working group to help firms with implementation.

The use of Exegy’s packet capture service excuses CAT developer Thesys Technologies from building its own timestamp mechanism and provides on-demand access to complete recordings of market data feeds in their native formats for the US equities and options markets.

James O’Donnell, CEO at Exegy says: “The determination by the CAT to use the Exegy packet capture service underscores the value of our high-quality market data, ease of integration and affordability.” The Exegy service will also provide market participants with the same data with the same timestamps as the date used by the CAT system.

FIX involvement in the CAT includes collaboration with the Financial Information Forum (FIF) to create a FIX CAT working group looking specifically at where FIX coverage is necessary to support CAT reporting requirements. Potential examples of FIX intervention include a FIX to CAT mapping exercise to determine which existing FIX tags can be used to support CAT reporting.

The working group invites industry feedback on areas it should be looking at from a FIX implementation perspective and interested parties to join its first call on the CAT on October 10, 2018. The final CAT industry member technical specification will be released on October 30, 2018.

Related content

WEBINAR

Recorded Webinar: Approaches to migrating market data to the cloud to drive agility in trading operations

Market data in the cloud is an attractive proposition in terms of reducing the cost of on premise servers and storage, and moving into a more agile and flexible data delivery environment. It is also well suited to working from home, the fall-back of many financial institutions during lockdowns caused by the coronavirus pandemic. But...

BLOG

DXC Technology Spins Off Fixnetix to Options Technology

Almost four years after inheriting the company as part of its 2017 acquisition of CSC, DXT Technology has spun off capital markets infrastructure specialist Fixnetix in a sale to erstwhile rival Options Technology. Terms weren’t disclosed. The transaction – which is expected to close in the first half of this year – marks a full...

EVENT

RegTech Summit New York City

Now in its 5th year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Putting the LEI into Practice

Hundreds of thousands of pre-Legal Entity Identifiers (LEIs) have been issued by pre-Local Operating Units (LOUs) in the Global LEI System (GLEIS), and the standard entity identifier has been mandated for use by regulators in both the US and Europe. As more pre-LEIs are issued ahead of the establishment of the global systems’ Central Operating...