The Solution to CAT's Troubles? Let the SEC Pay

Also, senators debate credit card interest-rate caps; companies that use derivatives push for Basel revisions

Brokers and exchanges have spent more than a decade warring over the bill for the Consolidated Audit Trail. But as Chairman Paul Atkins works to overhaul the massive real-time stock trading surveillance system, the two sides may be coalescing around a solution: let the SEC pay.

Putting the program on the agency’s budget and subjecting it to annual congre…