CHICAGO (March 5, 2020) – Rival Systems (Rival), an award-winning provider of trading and risk management software, today announced the launch of their cloud-based Consolidated Audit Trail (CAT) Reporting Service. Rival’s reporting service meets the needs of firms trading equities and equity options with support for comma separated value log files as well as custom log formats. As a registered CAT Reporting Agent, Rival will offer CAT support for firms using any trading platform.
“We’re dedicated to helping clients meet CAT reporting requirements with as minimal impact to their business as possible,” said Robert D’Arco, CEO of Rival Systems. “Our cloud-based solution combined with a dedicated support team will eliminate the need for clients to setup additional infrastructure or allocate valuable resources to support CAT.”
For clients using the Rival Trader platform, log files will automatically be uploaded to the CAT repository at the end of each day. Clients using other trading platforms will upload their proprietary log files to Rival’s secure FTP site. Rival will automatically parse the raw logs to generate a CAT formatted file and upload the data to the CAT repository. Rival’s support team will actively monitor the system and help resolve any errors to ensure all required data is successfully reported at the end of each day.
The CAT Reporting Service is the latest addition to Rival’s extensive ecosystem for multi-asset trading and enterprise risk management. Over the course of the next few months, Rival will be rolling out additional functionality for real-time margin on CFE and ICE as well as real-time Customer Portfolio Margin and Risk Based Haircuts.
ABOUT RIVAL
Rival Systems offers award-winning market data feed handlers, multi-asset trading capabilities, enterprise risk management, smart API for strategy development and top-of-the-line technology services. Rival’s proven speed and innovative, constantly evolving features empower firms to compete in today’s markets and get smarter with every trade. To learn more about Rival’s comprehensive solutions for market data, multi-asset trading, algorithmic strategy development and enterprise risk management please visit RivalSystems.com.
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
It's been a month since we had our Women In Finance Awards in New York City at the Plaza! Take a look back tab some moments, and nominate for our upcoming awards in Mexico City and Singapore here: https://www.marketsmedia.com/category/events/
4
Citadel Securities told the SEC that trading tokenized equities should remain under existing market rules, a position that drew responses from various crypto industry groups. @ShannyBasar for @MarketsMedia:
SEC Commissioner Mark Uyeda argued that private assets belong in retirement plans, saying diversified alts can improve risk-adjusted returns and that the answer to optimal exposure “is not zero.” @ShannyBasar reporting for @MarketsMedia:
COO of the Year Award winner! 🏆
Discover how Jennifer Kaiser of Marex earned the 2025 Women in Finance COO of the Year recognition.
Related articles
-
The SEC aims to reform and rationalize the Consolidated Audit Trail.
-
SIFMA applauded the SEC for taking this appropriate action.
-
A look back at the start of a longstanding trade reporting system that's now being replaced.
-
Lawsuit alleges private user IDs should be replaced.
-
Firms needs supervisory and monitoring procedures to identify reporting issues and repair rejected events.