The company can serve as the designated CAT reporting agent for its clients.
Sterling Trading Tech announced today in Chicago that it has been certified by the Financial Industry Regulatory Authority (FINRA) as an authorised CAT (Consolidated Audit Trail) Reporting Agent.
CAT, which was built by FINRA and a number of US exchanges, is a database that was designed to collect and identify every order, cancellation, modification and trade Execution for equities and options listed on exchanges across the United States.
Sterling Trading Tech was certified by FINRA following rigorous CAT beta-testing in FINRA’s test environment, the company said in its statement today.
Commenting on the announcement, Erik Schmidt, Sterling Trading Tech Managing Director of Client Services said in the statement: “Our team has dedicated hours of time and resources toward receiving this certification from FINRA. We’ve stayed ahead of the FINRA implementation schedule in order to be as prepared as possible to serve as the designated CAT reporting agent for our clients.”
CAT reporting delayed amid COVID-19
As Finance Magnates reported, the Securities and Exchange Commission (SEC) has yet again pushed back the date for when broker-dealers will need to report data to the CAT, allowing firms to instead focus their efforts on dealing with the coronavirus pandemic and the impact it is having on their businesses.
In a statement published on April, the US regulator said that it had voted in favour of issuing two exemptive orders in which it will move the CAT implementation forward, with the first action required on the 22nd of June, 2020.
“With the significant increase of Volatility and volume of trades, we understand the importance for regulators and our clients to more efficiently track activity in eligible securities throughout the U.S. markets,” added Farid Naib, CEO of Sterling Trading Tech in the statement. “We’re eager to make sure that our clients, who are obligated to submit to FINRA, can start production environment reporting.”
Sterling Trading Tech announced today in Chicago that it has been certified by the Financial Industry Regulatory Authority (FINRA) as an authorised CAT (Consolidated Audit Trail) Reporting Agent.
CAT, which was built by FINRA and a number of US exchanges, is a database that was designed to collect and identify every order, cancellation, modification and trade Execution for equities and options listed on exchanges across the United States.
Sterling Trading Tech was certified by FINRA following rigorous CAT beta-testing in FINRA’s test environment, the company said in its statement today.
Commenting on the announcement, Erik Schmidt, Sterling Trading Tech Managing Director of Client Services said in the statement: “Our team has dedicated hours of time and resources toward receiving this certification from FINRA. We’ve stayed ahead of the FINRA implementation schedule in order to be as prepared as possible to serve as the designated CAT reporting agent for our clients.”
CAT reporting delayed amid COVID-19
As Finance Magnates reported, the Securities and Exchange Commission (SEC) has yet again pushed back the date for when broker-dealers will need to report data to the CAT, allowing firms to instead focus their efforts on dealing with the coronavirus pandemic and the impact it is having on their businesses.
In a statement published on April, the US regulator said that it had voted in favour of issuing two exemptive orders in which it will move the CAT implementation forward, with the first action required on the 22nd of June, 2020.
“With the significant increase of Volatility and volume of trades, we understand the importance for regulators and our clients to more efficiently track activity in eligible securities throughout the U.S. markets,” added Farid Naib, CEO of Sterling Trading Tech in the statement. “We’re eager to make sure that our clients, who are obligated to submit to FINRA, can start production environment reporting.”
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!