SS&C Technologies Holdings, announced that Mid Atlantic Capital Group has chosen SS&C to automate its FINRA Consolidated Audit Trail (CAT) reporting obligations. The Securities and Exchange Commission will require all broker-dealers to report equities and options transaction data to FINRA CAT at the end of the month.
SS&C will monitor, submit and correct transactional data on behalf of Mid Atlantic Capital as part of its full-service offering. The SS&C CAT Reporting Portal is a secure, web-based service that aggregates and enriches broker data across broker’s platforms and translates it into FINRA-compliant CAT reports. The Portal also provides an interactive front-end to enable customers to manage exceptions.
“SS&C is a trusted provider of regulatory reporting technology,” said Paul Schwerer, V.P. Trading Risk Management at Mid Atlantic. “Thanks to SS&C’s early certification with FINRA, we were able to outsource our CAT Reporting quickly and easily. We can rely on SS&C to provide accurate, timely reporting to FINRA and support us while we focus on our core businesses.”
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“We are glad to be able to support Mid Atlantic in its timely FINRA CAT certification process,” said Marcos Frisaura, Director and V.P., SS&C Financial Markets Group. “As a long-time provider of Order Audit Trail System (OATS) Reporting, we were able to leverage that experience to create a robust CAT Reporting solution to our sell-side clients. We look forward to supporting our customers with reliable data and top-notch service as the industry continues to enhance trade transparency.”
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