Epam will battle against HP and others for the huge government contract in the USA

The consolidated data collection system about the stock market transactions of the USA

System designation

In 2012 the USA approved plans for creation in the country of the consolidated data collection system about the stock market transactions (Consolidated Audit Trail, CAT). A system will be developed for the benefit of the American Securities and Exchange Commission (SEC) for support of Rule 613 adopted by it in June, 2012. According to it, and supports of CAT should join the SEC program for creation, implementation self-regulatory organizations of professional participants of the market valuable boom.

It is expected that use of CAT will allow to receive an auditor trace that will help regulators more effectively and to precisely control operations in the system of the national market (NMS) with the securities trading in the markets in the USA. The main objective of implementation of CAT NMS Plan is in creating the central repository for self-regulatory organizations and SEC with an opportunity to trace information on requests in combination with data on buyers and accounts. As a result regulators will be able successfully and effectively to carry out upgrade of security market.

After project completion CAT should become the world's largest data warehouse on transactions with securities where 58 billion records about requests, about execution of requests and quotations in the stock markets and options will be daily processed.

Within the next five years after creation, into the consolidated data collection system about the stock market transactions of the USA it is going to enter 21 petabytes of records about the security transactions.

On the scales the created solution will be inferior only to the data warehouse of the U.S. National Security Agency. It is planned that use of CAT will help to avoid repetition of the events similar to "an instant collapse" which happened in May, 2010.

The choice of the contractor for project implementation

The short list of the companies which are considered as contractors for system implementation and support of its work within five years was selected in July, 2014. Proposals on participation in the project in total were submitted by 31 companies.

Six applicants got to a short list: AxiomSL together with Computer Sciences Corporation (CSC),Epam Systems, J. Streicher Analytics for the benefit of consortium CATPRO (Hewlett Packard, Booz Allen, Buckley Sandler), SunGard Data Systems, Thesys Technologies and also Service of regulation of the financial services industry (FINRA).

It should be noted that FINRA at the same time is one of the organizations on which holding a procedure for the choice of the contractor is assigned.

According to the American media in spite of the fact that Rule 613 according to which a system will be created was accepted in 2012, at the time of collecting of requests from contractors the customer had no determinancy with a budget volume on the project.

Parts of the applications submitted by applicants for a role of the contractor are kept a secret. The Bloomberg edition with reference to two market participants reports that the offered cost of execution of works in requests varied from $170 million almost to $1 billion.

It is expected that the final output of the choice of the contractor for creation of CAT should become known in 2015.