client portal talk to us

Sterling Trading Tech Certified for CAT Production by FINRA

Jun 9th, 2020

Share this

CHICAGO – June 9, 2020 – Sterling Trading Tech (STT), a leader in compliance, risk and infrastructure solutions for equity, options and futures trading, today announced they have been certified by FINRA as an authorized CAT (Consolidated Audit Trail) Reporting Agent.

After completing rigorous CAT beta-testing in FINRA’s test environment, STT has successfully completed file submissions in the production environment for all clients that have been FINRA approved for production reporting. “Our team has dedicted hours of time and resources toward receiving this certification from FINRA,” states Erik Schmidt, Sterling Trading Tech Managing Director of Client Services. “We’ve stayed ahead of the FINRA implementation schedule in order to be as prepared as possible to serve as the designated CAT reporting agent for our clients.

The CAT certification process involves preparing and submitting test data to the portal, passing data integrity checks, and verifying the submissions with STT’s respective clients. The certification requires a 100% success rate for file integrity submission and a less than 5% error rate across all events submitted.

Due to the current COVID-19 pandemic, the Security and Exchanges Commission’s Division of Trading Markets (SEC) delayed CAT Reporting deadlines to June 22nd for equities (2A) and July 20th for options (2B). STT began its beta testing at the beginning of the year and is confident in its ability to submit files without reporting issues by offering a secure and direct FTP connection to FINRA for its CAT reporting.

“With the significant increase of volatility and volume of trades, we understand the importance for regulators and our clients to more efficiently track activity in eligible securities throughout the U.S. markets,” states Farid Naib, CEO of Sterling Trading Tech. “We’re eager to make sure that our clients, who are obligated to submit to FINRA, can start production environment reporting.”

Sterling Trading Tech, a leading provider of equity trading solutions, provides its clients with compliance tools, risk tools, infrastructure products, market data and a full variety of trading platforms with platforms for both for professional and retail traders. These platforms are available to the global trading community for equities, options, futures and cryptocurrencies. Sterling Trading Tech products can be white labeled to enhance our client’s brand identity.

About Sterling Trading Tech ( Sterling Trading Tech (STT) is a leading provider of professional trading technology solutions for the global equities, equity options and futures markets. With over 100 clients including leading brokers, clearing firms and prop groups in over 30 countries, STT provides solutions tailored to clients’ needs. STT supports ten of thousands of users worldwide, and provides links to over 80 execution venues in the U.S. STT currently touches over 5% of the daily U.S. equity volume. STT is committed to providing fast, stable technology along with outstanding customer service.

Sterling Trading Tech Media Contact:
Melinda Joseph
(312) 517-3569
[email protected]

Ready to get started?

We look forward to learning more about your trading needs.

Find My Solution

Check out some more resources


Traders Magazine: TECH TUESDAY: Sophisticated Retail Investors are the ‘New Normal’

Retail investors historically have been perceived as greenhorns, ready to be cleaned out by ...


Sterling Connection



Sterling Trading Tech Launches Calculation Service for FINRA Member Firms to Comply with Enhanced Portfolio Margin Reporting Requirements

Sterling Trading Tech (STT), a leading provider of order management systems, risk and margin ...


Sterling Trading Tech (STT) discusses their Risk & Margin System at FIA Boca 2023

FinanceFeeds Editor-in-Chief Nikolai Isayev spoke with Chief Customer Officer Keith Cacciola ...


By visiting our website, you agree to our privacy policy regarding cookies, tracking statistics, etc. Read More

Accept Cookies