FINRA

  • How is ChatGPT Making Inroads on Wall Street?

    With the rapid growth of artificial intelligence, Wall Street is experimenting with ChatGPT from OpenAI and other generative AI-based tools to save time on tedious tasks and finding information in massive data sets.

    By Ivy Schmerken July 15, 2024 Insights

  • CAT Compliance Ramps Up on Sell Side with Interfirm Linkages

    While adhering to the CAT reporting timeline, sell-side firms are responsible for monitoring the CAT Reporter Portal and for fixing errors and rejects that come back from FINRA. So far, experts say the industry is doing very well with their data submissions. But error rates could escalate as the industry tackles more thorny order events and submits higher volumes of data.

    By Ivy Schmerken October 8, 2020 Insights

  • CAT: Moving the Ball Forward

    With a new contractor taking over the Consolidated Audit Trail project in March, the order-tracking system for all U.S. stock and option trading activity is pushing ahead with equities testing starting in December and a go-live date of April 2020.

    By Ivy Schmerken April 2, 2019 Insights

  • Brokers Routing to Their Own ATSs Face Scrutiny

    A FINRA working paper has raised concerns about broker order routing to affiliated alternative trading systems (ATSs), shedding light on order routing decisions and potential conflicts that can impact execution quality. Can a higher level of scrutiny by regulators be on the way?

    By Ivy Schmerken February 25, 2019 Insights

  • CAT is Out of the Bag

    Despite a one-year delay and other missed deadlines, the order-tracking system known as the Consolidated Audit Trail is back on track as exchanges were due to begin reporting required equities and options data into the CAT on Nov. 15.

    By Ivy Schmerken November 27, 2018 Insights