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Senate hearing on HFT finds consensus on the need for the SEC to establish the consolidated audit trail (CAT) database.
Legislators and panelists butted heads about what, exactly, the effects of high frequency trading are on securities trading during a Senate hearing Wednesday that went largely unobserved by the mainstream media. But all agreed that the SEC needs to stop dragging its feet and implement the Consolidated Audit Trail (CAT) that’s hung in limbo for...
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