Request for consolidated audit trail proposals is released

02/26/2013 | Securities Technology Monitor

A request for proposals for a national market system was formally published Tuesday. The NMS is intended to create a consolidated audit trail of all market activity -- about 50 billion records. U.S. options and equities exchanges helped shape the proposal request. The hope is that an NMS will help the Securities and Exchange Commission oversee U.S. markets on a next-day basis. Register for SIFMA's 40th Operations Conference & Exhibit to hear the latest on the creation of an NMS plan for a CAT and a comprehensive program, tailored specifically for financial services operations professionals.

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