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FIF CAT Cost Survey
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
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
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...)
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.
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...)
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).
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
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
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
10.
Please provide any additional cost-specific considerations not raised in this survey that peer firms should be aware of.
Current Progress,
0 of 10 answered