Consolidated Audit Trail National Market System Plan Approved by Securities Exchange Commission

NEW YORK, Nov. 16, 2016 /PRNewswire/ -- The Securities Exchange Commission (SEC) yesterday approved the Consolidated Audit Trail (CAT) National Market System (NMS) Plan submitted by the consortium of Self-Regulatory Organizations (collectively, the SROs) in charge of the initiative. The plan details the creation, implementation and management of the CAT.

"We're delighted that the CAT NMS plan has been approved by the SEC," said the consortium of CAT NMS plan participants. "The consolidated audit trail will help the SEC and the SROs better understand market structure and strengthens the goal to continue to make the regulation of the U.S. securities markets more efficient and effective."

The SROs will be selecting the CAT plan processor within two months of the effectiveness of the CAT NMS Plan that was approved yesterday.

About the Consolidated Audit Trail

Rule 613, adopted by the SEC in July 2012, requires the national securities exchanges and FINRA to submit to the SEC a NMS Plan (CAT NMS Plan) to create, implement, and maintain the CAT. The CAT will be an audit trail that will allow regulators to more efficiently and accurately track activity in NMS securities and OTC equity securities throughout the U.S. markets. The purpose of the CAT NMS Plan is to create a central repository for the SROs and the SEC to perform surveillance on order event data, linked to customer and account information, and to permit regulators to efficiently and effectively perform market reconstructions. When complete, the CAT will be the world's largest data repository for securities transactions tracking approximately 58 billion records of orders, executions, and quote life-cycles for equities and options markets on a daily basis.

Additional information about the CAT NMS Plan can be found at www.catnmsplan.com.

CONTACT: [email protected]

CAT NMS PLAN PARTICIPANTS:

Bats BYX Exchange, Inc.

Bats BZX Exchange, Inc.

Bats EDGA Exchange, Inc.

Bats EDGX Exchange, Inc.

BOX Options Exchange LLC

C2 Options Exchange, Incorporated

Chicago Board Options Exchange, Inc.

Chicago Stock Exchange, Inc.

Financial Industry Regulatory Authority, Inc.

International Securities Exchange, LLC

Investors Exchange LLC

ISE Gemini, LLC

ISE Mercury, LLC

Miami International Securities Exchange LLC

NASDAQ BX, Inc.

NASDAQ PHLX LLC

National Stock Exchange, Inc.

New York Stock Exchange LLC

NYSE Arca, Inc.

NYSE MKT LLC

The NASDAQ Stock Market LLC

SOURCE Consolidated Audit Trail

Related Links

http://www.catnmsplan.com