Nasdaq Slaps New Fees on Stock Trade Surveillance System
Published Date: 1/23/2025
Notice
Summary
Starting in 2025, Nasdaq is setting new fees for industry members—like stock exchanges and trading groups—to cover the costs of running the Consolidated Audit Trail (CAT), a system that tracks stock trades to keep markets fair and safe. These fees kick in right away and help make sure the CAT system stays up and running smoothly without surprises. If you’re part of the trading world, get ready to budget for these updated charges!
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
New 2025 CAT Fees for Industry Members
Starting in 2025, Nasdaq established fees charged to "Industry Members" to cover reasonably budgeted Consolidated Audit Trail (CAT) costs. The rule filing was submitted on January 2, 2025 and was designated for immediate effectiveness, so the updated charges take effect upon the filing for 2025.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Take It Personal
Get Your Personalized Policy View
Start a Free Government Policy Watch to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in