Case Study: U.S. Brokerage Firm achieves FINRA CAT compliance with Broadridge

CAT Implementation for a Brokerage Firm

A U.S. brokerage firm worked with Broadridge Consulting Services to meet FINRA’s mandatory Consolidated Audit Trail (CAT) compliance deadlines. The firm needed to replace OATS reporting across multiple order-entry systems and third-party applications, map processes to the CAT messaging protocol, and complete extensive testing without missing required dates.

Broadridge implemented an end-to-end testing and implementation strategy, aligning workflows to FINRA requirements, managing integrations across internal systems and vendors, and educating the client on governance and conversion requirements. Broadridge and the brokerage firm created and executed 4,000+ test cases and completed the OATS-to-CAT conversion phases ahead of the FINRA-mandated compliance dates.