Stock Exchange Charges Members for Big Brother Trading Database
Published Date: 1/6/2025
Notice
Summary
Starting in 2025, Cboe C2 Exchange will charge industry members a tiny fee of $0.000022 for every share traded to cover the costs of the Consolidated Audit Trail (CAT), a system that tracks trading activity. This change affects traders and firms using the exchange and kicks in immediately to help keep the market transparent and fair. If you trade here, expect this small fee to show up on your bills soon!
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Per-share CAT Fee for 2025
Starting for 2025, Cboe C2 Exchange will charge industry members a fee of $0.000022 for every executed equivalent share to cover Consolidated Audit Trail (CAT) costs. The rule was filed December 20, 2024 and designated for immediate effectiveness, so traders and firms using the exchange can expect this small per-share charge on their bills.
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