Jordan & Jordan Certified Reporting Agent for CAT Production
New York, NY - April 16, 2020 – Having successfully completed product readiness testing, Jordan & Jordan (J&J), a leading FinTech firm, trade surveillance and Consolidated Audit Trail (CAT) solution provider, has been approved as an authorized CAT Reporting Agent (CRA) by FINRA CAT LLC. J&J’s CAT reporting capability will flow through an enhanced version of the Execution Compliance and Surveillance Service (ECS) product. J&J is equipped to handle data provided by clients in multiple formats including FIX, vendor-based and proprietary formats.
“Now that the CAT production environment is live for broker-dealer reporting, J&J is primed to be the CAT Reporting Agent for our clients. There is still a great deal of work to be done for CAT as it impacts 1700 broker-dealers. The SEC granted “no action” relief till May 20th for CAT enforcement and they are still considering the extended relief for CAT Phases 2a and 2b so it’s imperative for clients to select a CRA, if they are not handling themselves, and begin testing.” says Tom Jordan, President of J&J. While some firms are handling CAT reporting in-house many found that option cost prohibitive - our CAT solution with error checking tools is a cost-effective alternative for clients.
In addition to being a CAT Reporting Agent, J&J offers a full-suite of CAT solutions including CAT Subject Matter Expert (SME) On-Demand Consulting Service for firms developing CAT reporting internally or utilizing a vendor that require guidance related to particular use-cases, assistance with supervisory procedures/controls or ongoing monitoring. J&J also provides regular, independent testing of firms’ CAT reporting to satisfy due diligence and oversight responsibilities. J&J has been tracking the development of CAT since the inception of the requirements through our close affiliation with the Financial Information Forum (FIF) and is best positioned to assist firms with any of their CAT needs. Our focus continues to be providing our clients the knowledge, resources, and technology to enable a successful CAT implementation.
Contact
Kathy McGovern, Director, Jordan & Jordan, This email address is being protected from spambots. You need JavaScript enabled to view it.
About Jordan & Jordan
Jordan & Jordan is a FinTech company with domain expertise in information, processes and technologies applied to the securities industry. Keeping pace with market practice and regulatory change, J&J provides business, technology and compliance solutions to meet the challenges of accelerating regulation, evolving technology and increasing cost pressures. J&J leverages knowledge of the financial markets across three core practices: Management Consulting and Regulatory Compliance, Market Data Services, and Industry Solutions. Jordan & Jordan has offices in New York, Chicago, and London. To learn more, visit our web site at www.jandj.com.