FIF CAT Cost Survey

Question Title

* 1. Please identify your firm profile:

Self-Reporting Broker-Dealer

Broker-Dealer that will utilize a vendor to report to CAT

Trading Platform (i.e. OMS/EMS)

Clearing Firm/Service Bureau

CAT Reporting Vendor

Question Title

* 2. If your firm is a Broker-Dealer - please specify your approximate firm size (by approximate CAT Reportable Events per day (please combine equities and options, if applicable)

Less than 1,000,000 events per day

1,000,000 - 24,999,999 events per day

25,000,000 - 99,000,000 events per day

100,000,000 - 999,999,999 events per day

More than 1,000,000,000 events per day

Not Applicable

Question Title

* 3. Please estimate your firm's total aggregated spend to date allocated to directly support CAT implementation (please include any costs associate with hiring a CAT vendor, data lake creation, etc..)

Less than $1,000,000

$1,000,000 - $4,999,999

$5,000,000 - $9,999,000

Greater than $10,000,000

Unknown

Not Applicable

Please provide any additional detail peer firms should be aware of regarding the allocation of your firm's current spend (i.e. additional staff, system development, vendor onboarding costs, FDID/identifier development, etc...)

Question Title

* 4. Please estimate the future spend required to meet CAT implementation expectations/systems development (do not include detail on cost estimates regarding duplicative regulatory reporting obligations).

Less than $1,000,000

$1,000,000 - $4,999,000

$5,000,000 - $9,999,999

Greater than $10,000,000

Unknown

Not Applicable

Please provide any additional detail regarding estimations of future CAT implementation spend.

Question Title

* 5. Please provide detail regarding your firms largest CAT related expenditures (i.e. hiring of a CAT Vendor, internal/external staff augmentation, technology development, etc...)

Question Title

* 6. If known, please provide any estimate/projection your firm has performed regarding downstream cost savings that CAT may ultimately deliver to your firm (following the implementation phase).

Question Title

* 7. If known, please estimate your firm's current cost of technology/systems development effort required to meet CAT reporting obligations (please combine direct technology costs and additional staffing directly associated with systems development required to comply with CAT)

less than $100,000

$100,000 - $499,999

$500,000 - $999,000

$1,000,000 - $2,000,000

Greater than $2,000,000

Question Title

* 8. Please provide detail on your firm's anticipated budgetary allocation to meet CAT implementation and reporting requirements in 2020

Less than $500,000

$500,000 - $999,000

$ 1,000,000 - $1,999,999

$ 2,000,000 - $4,999,000

Unknown/Choose Not To Respond

Question Title

* 9. If known, please provide an estimate of your firm's ongoing CAT-related costs (per year), once the CAT implementation phase is complete (i.e. anticipated staffing costs, error correction costs, systems development and cleansing, etc... )

Less than $200,000

$200,000 - $500,000

$500,000 - $1,000,000

More than $1,000,000

Unknown

FIF CAT Cost Survey

Question Title

* 1. Please identify your firm profile:

Question Title

* 2. If your firm is a Broker-Dealer - please specify your approximate firm size (by approximate CAT Reportable Events per day (please combine equities and options, if applicable)

Question Title

* 3. Please estimate your firm's total aggregated spend to date allocated to directly support CAT implementation (please include any costs associate with hiring a CAT vendor, data lake creation, etc..)

Question Title

* 4. Please estimate the future spend required to meet CAT implementation expectations/systems development (do not include detail on cost estimates regarding duplicative regulatory reporting obligations).

Question Title

* 5. Please provide detail regarding your firms largest CAT related expenditures (i.e. hiring of a CAT Vendor, internal/external staff augmentation, technology development, etc...)

Question Title

* 6. If known, please provide any estimate/projection your firm has performed regarding downstream cost savings that CAT may ultimately deliver to your firm (following the implementation phase).

Question Title

* 7. If known, please estimate your firm's current cost of technology/systems development effort required to meet CAT reporting obligations (please combine direct technology costs and additional staffing directly associated with systems development required to comply with CAT)

Question Title

* 8. Please provide detail on your firm's anticipated budgetary allocation to meet CAT implementation and reporting requirements in 2020

Question Title

* 9. If known, please provide an estimate of your firm's ongoing CAT-related costs (per year), once the CAT implementation phase is complete (i.e. anticipated staffing costs, error correction costs, systems development and cleansing, etc... )

Question Title

* 10. Please provide any additional cost-specific considerations not raised in this survey that peer firms should be aware of.