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sQGNXXnkceeEfhm t1_j9kz5m2 wrote

HOLY SHIT CAT IS FINALLY HAPPENING?!?!?!

Guys this is really really REALLY GOOD for us, and really really really bad for citadel.

Edit: I seriously cannot believe finra ever allowed this to get finished hahahahahah

Edit 2: the point of CAT is to allow the SEC to reproduce and analyze market conditions after the fact. When the flash crash happened they realized the data to actually understand what actually went down did not exist in enough fidelity.

Edit 3: it also is required to even begin to hold really sophisticated firms available for doing shady things with order flow.

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