SEC Orders Operating Cost Cuts to CAT

News September 30, 2025 at 01:48 PM
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What You Need To Know

  • The Consolidated Audit Trail, a trade and order tracking system, was developed after the 2010 "flash crash."
  • When established in November 2016, annual costs were estimated to total $55 million; as of November 2024, costs were projected to exceed $248 million.
  • SIFMA, a securities industry trade group, cheered the regulators for working to address "festering problems" with the system.
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