Nasdaq BX Hikes Fees for Trade Tracking – Ho Hum
Published Date: 1/23/2025
Notice
Summary
Starting in 2025, Nasdaq BX is setting new fees for Industry Members to cover their fair share of the costs for the Consolidated Audit Trail (CAT), a system that tracks stock trades to keep markets safe and fair. If you’re part of a national securities exchange or association, expect these fees to kick in soon. The change is effective immediately, so members should get ready to budget for these updates.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
New 2025 CAT Fees for Industry Members
If you are an Industry Member (a member of a national securities exchange or national securities association), Nasdaq BX will establish new fees in 2025 to collect each member's share of reasonably budgeted Consolidated Audit Trail (CAT) costs. The Exchange filed the proposal on January 2, 2025 and designated it effective immediately, so affected members should plan their 2025 budgets for these fees.
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