Revolutionizing Regulatory Compliance: FINRA CAT Reporting & RSMS by Cap Market Solutions

EDISON, N.J. - June 12, 2025 - PRLog -- In today's fast-evolving financial markets, firms face mounting regulatory scrutiny. The Consolidated Audit Trail (CAT) — a centralized repository mandated under SEC Rule 613 and FINRA Rule 6800 — captures every equity and options trade event across the lifecycle, from order origination to execution and cancellation. This level of transparency marks a major shift in market surveillance, aimed at swiftly detecting manipulative or abusive trading activities.

The CAT Compliance Challenge

Massive Data Volumes

Firms must process millions of events daily across equities and options, accurately time-stamped, timestamp-synchronized, and associated with precise FDIDs and account types

CAT rules demand clock synchronization, connectivity, and adherence to evolving technical specs like Phase 2d from industry guidelines .

Frequent Regulatory Updates
FINRA's oversight reports and notices (e.g., Notice 20‑31, Regulatory Oversight Reports for 2024/2025) spotlight frequent revisions around timeliness, completeness, exception procedures, and internal supervisory controls .
Complex Technical Standards
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