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SEC proposes national market system plan to create a consolidated audit trail

  • SEC (US Securities and Exchange Commission) Image

Apr 27, 2016

The SEC has proposed a national market system (NMS) plan under which a consolidated audit trail (CAT) and other related data would be created, implemented, and maintained.

The NMS plan describes how self-regulatory organizations and broker-dealers “would record and report information, including the identity of the customer, resulting in a range of data elements that together provide the complete lifecycle of all orders and transactions in the U.S. equity and options markets.”

In her statement regarding the plan, SEC Chair Mary Jo White stated that the CAT “will generate enormous benefits for the SEC’s mission of protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation.”

For more information, see the press release on the SEC’s Web site.

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