Stock Exchange Sets Fees for Wall Street Surveillance System
Published Date: 1/6/2025
Notice
Summary
Starting in 2025, Cboe BYX Exchange will charge industry members a tiny fee of $0.000022 for every share traded to help cover the costs of the Consolidated Audit Trail (CAT), a system that tracks stock trades to keep markets fair and safe. This new fee kicks in right away and affects anyone trading on the exchange. It’s a small price to pay for big transparency and security in the market!
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Tiny CAT Fee per Traded Share
Starting for 2025, Cboe BYX Exchange will assess a fee of $0.000022 for each executed equivalent share traded to help pay Consolidated Audit Trail (CAT) costs. The fee rate is titled "CAT Fee 2025-1" and the Exchange filed the rule on December 20, 2024 with immediate effectiveness.
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Previous: 2024-31769 — Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish Fees for Industry Members Related to Reasonably Budgeted CAT Costs of the National Market System Plan Governing the Consolidated Audit Trail for 2025
Starting in 2025, Cboe Exchange is setting a new fee of $0.000022 for every share traded to help cover the costs of the Consolidated Audit Trail (CAT), a system that tracks stock trades. This change affects industry members who trade on Cboe and kicks in right away. It’s all about keeping the market fair and transparent while sharing the costs reasonably.
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