Many firms interested in building Consolidated Audit Trail

03/6/2013 | Reuters · Washington Post, The

Nasdaq OMX Group, the NYSE Technologies division of NYSE Euronext, BATS Global Markets, Google and IBM are among 31 firms that plan to submit bids to set up and run the Consolidated Audit Trail, a comprehensive way to monitor options and equity trading. However, four potential bidders will also help select the winning bid. "We're very happy to see that so many people are intending to bid, but there's a potential conflict of interest with the [self-regulatory organizations], who are both selecting [the winning bid] and in some cases bidding," said T.R. Lazo, a managing director with SIFMA. Attending SIFMA Operations Conference and Exhibit on April 28-May 1 in Boca Raton, Fla., will give you the latest on CAT, FATCA and more. Register today.

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Reuters · Washington Post, The

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