U.S. exchanges seek delay of massive new regulatory audit system
November 15, 2017
From: Reuters
NEW YORK (Reuters) – U.S. stock exchanges have requested the Securities and Exchange Commission delay the rollout of a massive new database aimed at helping the regulator better police the markets so they can address cyber security concerns and conduct more testing.
The exchanges are seeking to postpone by a year implementation of the first phase of the Consolidated Audit Trail, or CAT, which was to begin on Wednesday, according to a letter to the SEC dated Nov. 13 and posted on its website. It was signed by representatives from Intercontinental Exchange’s (ICE.N) New York Stock Exchange, Nasdaq Inc (NDAQ.O), CBOE Global Markets (CBOE.O) and other exchanges.
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