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Your email address will not be published.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: BCBS 239

This webinar has passed, but you can view the recording by registering here. With only weeks to go until BCBS 239 takes effect on January 1, 2016, large banks within the scope of the regulation are making final preparations for compliance. Some may be more than ready on the day, others less so, but all...

BLOG

ChartIQ to Expand Finsemble Sales on Back of Citi Investment

ChartIQ, a Virginia-based player in the so-called ‘smart desktop’ segment, has received a strategic investment from client Citi, with specific focus on its Finsemble desktop interoperability offering. The company says it will use the Citi cash – which comes hot on the heels of a $17 million series B funding – to expand its sales...

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

The Data Management Challenges of Client Onboarding and KYC

This special report accompanies a webinar we held on the popular topic of The Data Management Challenges of Client Onboarding and KYC, discussing the data management challenges of client onboarding and KYC, and detailing new technology solutions that have the potential to automate and streamline onboarding and KYC processes. You can register here to get immediate...