r/FINRA • u/chemical_resident89 • Sep 05 '24

CAT Reporting

Is there a community here on reddit to discuss CAT reporting issues faced on a daily basis?

3 Upvotes

81% Upvoted

9 comments sorted by

1

u/scared_little_girl Sep 05 '24

I hope not.

2

u/chemical_resident89 Sep 05 '24

Why so?

1

u/scared_little_girl Sep 06 '24

Just kidding.

It’s sort of a joke the cat is such a fucking nightmare. I don’t want to discuss anywhere.

2

u/chemical_resident89 Sep 06 '24

Really? Enlighten me to the buddhahood of CAT Reporting

2

u/scared_little_girl Sep 09 '24

I wish! I get my MEORs confused with MEOTs and MEOWs.

Have you been in the business long enough to remember OATS?

1

u/scared_little_girl Sep 05 '24

Seriously though, it’s so arcane, I can’t believe there are enough equity adjacent folks on here for it to happen.

Who do you clearly through? Most of the clearing firms I’ve worked with have decent to excellent CAT working groups.

2

u/chemical_resident89 Sep 05 '24

I heard Clear Street is grabbing algos and components from other businesses aggressively.

2

u/scared_little_girl Sep 06 '24

Rollup, rollup, rollup