Outsourced Consolidated Audit Trail Support

The Challenge of CAT Compliance 

Consolidated Audit Trail (CAT) compliance is complex. It requires resources with CAT expertise to meet reporting and regulatory demands. It is also essential for member firms to stay informed and updated on any changes to the CAT requirements.

The data reported must be accurate and timely, and firms must navigate intricate compliance programs, error corrections, and reportable events. This includes managing and linking vast amounts of order event data to ensure compliance with the National Market System (NMS) and SEC Rule 613. Failure to follow these rules can result in penalties.

The challenges firms face include but aren’t limited to:

• Ensuring accuracy in data reporting and error correction.
• Understanding and implementing CAT data requirements and compliance programs.
• Identifying and addressing gaps between vendor data and CAT-reported data.
• Keeping up with the evolving landscape of CAT regulations

The Solution: Comprehensive CAT Reporting Support 

Oyster Consulting offers a holistic approach to CAT reporting compliance, providing both consulting services and our proprietary CAT reporting application. Our solutions are designed to help firms achieve their obligations with ease and efficiency.

• CAT Reporting Application: Our application consolidates CAT reporting events, error analysis, and validation data into a central program. It finds mistakes, connections, and holes, and quickly fixes them in large quantities that the FINRA CAT Portal cannot. The graphical and sequential displays of data enable quick searching, sorting, and filtering.
• Oyster Solutions CAIS Module lets you see CAIS reports and source data on one platform. You can use it with or without the CAT Application. Companies can prepare for Full CAIS reporting with the help of a web-based tool. This tool helps them identify and correct errors in their data.
• We offer help with understanding regulations, comparing performance, assisting trading, operations and compliance teams, and ongoing support for CAT implementation.

The Oyster Difference 

Oyster Consulting is more than just a vendor; we are your partner in achieving compliance and operational excellence.  Our consultants have deep experience with trade reporting regulations, including CAT, TRACE, LOPR and margin reporting. They help your firm meet CAT reporting requirements and get the most out of CAT reporting investments.

Our proprietary Oyster Solutions CAT reporting application consolidates all CAT reporting events, error analysis, and validation data into one central program. This powerful application helps identify errors, connections, and missing information in vendor data and CAT-reported data, making the reporting process easier and more efficient for you. With our support, you can reduce costs, save time, and focus on growing your business while maintaining compliance.

Choose Oyster Consulting for reliable, expert support in navigating the complexities of CAT reporting. We are committed to helping your firm achieve compliance and operational success with confidence and ease.