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September 21, 2011

SEC Pushes Plan for Audit System

U.S. regulators, responding to concerns about their ability to keep pace with fast-evolving markets, are pushing forward with a plan to build a multibillion-dollar computer system to monitor stock trading in real time despite criticism from traders who could foot the bill.

The Securities and Exchange Commission first proposed the system, called the consolidated audit trail, or CAT, more than a year ago. Now, it expects to issue a detailed blueprint for the project within the next few months.

Read the full story at The Wall Street Journal

 
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