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US exchanges are asking regulators to delay massive new system meant to make markets safer





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  • US stock exchanges are asking the Securities and Exchange Commission to delay the implementation of a database that would provide better surveillance over the markets.
  • The so-called Consolidated Audit Trail would serve as a central database for the most sensitive information in the markets.

US stock exchanges have requested the Securities and Exchange Commission delay the rollout of a massive new database aimed at helping the regulator better police the markets so they can address cybersecurity concerns and conduct more testing.

The exchanges are seeking to postpone by a year implementation of the first phase of the Consolidated Audit Trail, or CAT, read more >>>

Source:: BusinessInsider.Com

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