Understanding FINRA CAT: The Cornerstone of Trade Surveillance

EDISON, N.J. - June 23, 2025 - PRLog -- The Consolidated Audit Trail (CAT) is a comprehensive, centralized database collecting every order, modification, cancellation, and execution of U.S. equities and options trades, mandated by SEC Rule 613 and implemented under FINRA's Rule 6800 series . This enables regulators to trace trade activity across firms and exchanges, helping detect manipulation, insider trading, and market anomalies.

Reporting to CAT happens in phases — simple equities, options, complex orders — and now includCompliance Is No Longer Optional
With heightened FINRA and SEC oversight, firms are expected to implement robust, integrated CAT and CAIS workflows. Manual or siloed systems simply can't keep pace with modern trade volumes and regulatory standards.

CAP Market Solutions bridges that gap — with RSMS CAT, CAIS, and CAIS Connect, firms get a unified pipeline for accurate reporting, audit trail integrity, and real-time exception handling.es customer account linkage data for full trade event visibility . Firms must maintain synchronized clocks, secure connections, and error-correction processes as part of FINRA's supervisory expectations

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FINRA CAT Explained: https://capmarketsolutions.com/cat/
FINRA CAIS Info: https://capmarketsolutions.com/cais/
CAIS Connect Details: https://capmarketsolutions.com/cais-connect/