Nasdaq MRX Chips In with Audit Trail Fee Hike
Published Date: 1/23/2025
Notice
Summary
Nasdaq MRX is setting new fees for industry members to cover the 2025 costs of the Consolidated Audit Trail (CAT), a system that tracks stock trades to keep markets fair. If you’re part of a national securities exchange or association, expect these fees to kick in right away. This change helps fund the CAT system’s budget and keeps everything running smoothly in 2025.
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 (defined as a member of a national securities exchange or a national securities association), Nasdaq MRX established fees to recover the reasonably budgeted Consolidated Audit Trail (CAT) costs for 2025. The rule filing was made on January 2, 2025 and the Exchange designated the fee change for immediate effectiveness, so the fees take effect right away for Industry Members.
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