Elisse Walter, Securities and Exchange Commission chairman, outlined two new agency initiatives aimed at using big data to follow activity in the financial markets, Fierce Government IT reports.
According to Greg Slabodkin‘s report, Walter said the agency’s Market Information Data Analytics System is intended to capture orders posted on the national exchanges and also track order modifications and cancellations.
MIDAS also aims to track order executions and off-exchange transactions, Walter said before an American University audience Tuesday.
The SEC’s second data initiative, the Consolidated Audit Trail, is intended to acquire trade data such as identities of parties to trades, she said.
National securities exchanges and other self-regulating financial organizations are included under the CAT program, Slabodkin reports.
