Cboe C2 Exchange Implements 2026 CAT Cost Charges
Published Date: 5/12/2026
Notice
Summary
Starting May 1, 2026, Cboe C2 Exchange is setting new fees for industry members to cover their share of the Consolidated Audit Trail (CAT) costs through the end of the year. This means brokers and traders who are part of national exchanges will see updated fees to help fund the system that tracks trading activity. The changes kick in immediately and keep the CAT running smoothly and fairly.
Free Policy Watch
New rules are filed every week. Most people never see them.
Pick a topic. PRIA watches every federal rule and tells you when one hits your household.
Pick a topic to get started
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
CAT Fee 2026-1 Set Per-Share Rate
Beginning May 1, 2026 and through December 31, 2026, Cboe C2 will assess CAT Fee 2026-1 on CAT Executing Brokers. The Operating Committee calculated a Fee Rate of $0.000003799483243631228 per executed equivalent share and then divided and rounded that to a fee of $0.000001 per executed equivalent share to be charged to CEBBs and CEBSs.
Total Budget and Allocation to Brokers
The Budgeted CAT Costs for May 1, 2026 through December 31, 2026 are $15,149,648. CEBBs collectively are responsible for one-third of that amount ($5,049,882.67) and CEBSs collectively are responsible for one-third of that amount ($5,049,882.67); Participants are responsible for the remaining one-third.
Fees Charged to CAT Executing Brokers; Pass-Through Possible
CAT Fee 2026-1 will be charged to each CAT Executing Broker (Industry Member identified as the executing broker on buy and sell sides in exchange or TRF/ORF/ADF reporting). CEBBs and CEBSs may, but are not required to, pass these CAT Fees through to their clients, and those clients may in turn pass fees to subsequent clients until ultimately imposed on the account that executed the transaction.
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
Take the PRIA Score to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in