A-Team Insight Blogs

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

Share article

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.

Leave a comment

Your email address will not be published. Required fields are marked *

*

Related content

WEBINAR

Recorded Webinar: Managing entity data hierarchies and keeping track of sanctions, watch lists and PEPs across KYC processes

This webinar has passed, but you can view the recording by registering here. Managing entity data and entity ownership hierarchies to ensure Know Your Customer (KYC) compliance is an ongoing challenge for many financial institutions. The webinar will discuss the most pressing concerns around entity and hierarchy data, and consider how to ensure you are...

BLOG

Anova Partners NovaSparks to Deliver Sub Microsecond Market Data Processing Latency

Anova Financial Networks, an international carrier and market data provider, has partnered NovaSparks, a field programmable gate array (FPGA) market data company, to provide customers with an optimised and best-of-breed market data service connecting the Chicago Mercantile Exchange (CME) to the New Jersey Equity Triangle. The service, MicroFeed, deploys NovaSparks’ NovaTick ticker plant that conflates...

EVENT

Breakfast Briefing: Meeting the Data Requirements of FRTB London

The Fundamental Review of the Trading Book (FRTB) Breakfast Briefing, will examine how the capital markets industry is approaching FRTB data management and will look at the implications for the ways that firms source, manage and store data for FRTB compliance.

GUIDE

RegTech Suppliers Guide 2019

Welcome to our brand new RegTech Suppliers Guide. This unique guide provides detailed data profiles on close to 100 suppliers in the RegTech world, offering you an unrivalled selection of solutions for your most pressing financial regulatory challenges. The aim of the A-Team’s RegTech Suppliers Guide is to steer you through this complex marketplace, offering...