Nasdaq ISE Sets 2025 Fees for Trade Surveillance System
Published Date: 1/23/2025
Notice
Summary
Starting in 2025, Nasdaq ISE is setting new fees for Industry Members to cover the fair costs of running the Consolidated Audit Trail (CAT), a system that tracks stock trades. If you’re part of a national securities exchange or association, expect these fees to kick in soon. The change is effective immediately, so get ready to budget for this important market tracking upgrade!
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
New 2025 CAT Fees for Industry Members
Starting in 2025, Nasdaq ISE will charge Industry Members fees to cover reasonably budgeted Consolidated Audit Trail (CAT) costs for 2025. An "Industry Member" is a member of a national securities exchange or a national securities association. The rule filing was made January 2, 2025, is effective immediately, and the SEC is accepting comments through February 13, 2025.
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