Taking Stock
brought to you by JonesTrading
Would CAT Pass Trump’s EO?
by Jim Toes, STA
Jim Toes, Security Traders Association
Most agree with the saying, “timing is everything,” especially traders who know that being too early on a trade can hurt a P&L just as much as being wrong.
Regarding President Trump’s Executive Order 13771 Reducing Regulation and Controlling Regulatory Costs, which requires government agencies to repeal two regulations for each new one enacted, there are people in our industry who wish it was enacted before the words Consolidated Audit Trail, or CAT, were ever spoken. Further, there are many in that camp who would wager that CAT, with its extensive reporting requirements, would never have passed EO 13771.
In an interesting article written by Tom Jordan, President of Jordan & Jordan, a strong case is made that CAT would have passed the “2-for-1” mandate and been allowed to proceed. While there are some caveats in Mr. Jordan’s piece, I encourage the read for all in our industry. Full Article here
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
@marketsmedia @CoreumOfficial @SoloTex_com An excellent read on tokenisation and SoloTex’s capabilities. Very insightful and well-articulated!
A recent Markets Media article highlights how @tZERO is resetting its vision - focusing on partnerships, regulated infrastructure, and global scale to make tokenized capital markets a reality.
Under CEO @Alan_Konevsky, the company is leveraging regulatory momentum to enable…
Want to know who calls the shots on trading tech? We partnered with @WeAreAdaptive to interview capital markets professionals globally to uncover key trends and evolving patterns in technology deployment. Reach the report here:
Related articles
-
The “Executed Share Model” establishes fees for participants to the CAT NMS plan.
-
Clients can have formatted and accurate CAT reports automatically produced over S3 RegTech platform.
-
Consolidated Audit Trail is now open for reporting by broker-dealers.
-
Presidential hopeful goes after Wall Street with financial plan.
-
Value of the initiative will depend on quality of the data.
We're Enhancing Your Experience with Smart Technology
We've updated our Terms & Conditions and Privacy Policy to introduce AI tools that will personalize your content, improve our market analysis, and deliver more relevant insights.These changes take effect on Aug 25, 2025.
Your data remains protected—we're simply using smart technology to serve you better. [Review Full Terms] | [Review Privacy Policy] Please review our updated Terms & Conditions and Privacy Policy carefully. By continuing to use our services after Aug 25, 2025, you agree to these
