Global Markets Advisory Group (“GMAG”) is proud to announce that it will be serving in an advisory capacity to FIS working with their Consolidated Audit Trail (CAT) bid team, led by Neil Palmer, CTO, FIS Advanced Technology. FIS is one of three shortlisted bidders. GMAG has been working with FIS since October 2015 and has [...]

What is the Consolidated Audit Trail? The SEC, FINRA and the exchanges currently rely on ad hoc aggregation of disparate sources of information to conduct market oversight, investigation and enforcement. The CAT will collect daily order and trade data for equities and options, across all trading venues, into a single database. Data will be submitted [...]

On March 1, 2016, the Securities and Exchange Commission issued its Order Granting Exemptions from Certain Provisions of Rule 613 Pursuant to Section 36(a)(1) of the Securities Exchange Act of 1934 (the “Exemption Order”). Click here to read the letter about CAT.