2024-31774NoticeWallet

Self-Regulatory Organizations; Cboe EDGA 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

Published Date: 1/6/2025

Notice

Summary

Starting in 2025, Cboe EDGA 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 change 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.

Per-Share CAT Fee for 2025

The Exchange filed on December 20, 2024 and designated the rule change for immediate effectiveness to establish a CAT Fee 2025-1 rate of $0.000022 per executed equivalent share. This fee is charged to industry members to help fund the Consolidated Audit Trail and is described as the fee rate for 2025.

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Key Dates

Effective Date
Published Date
12/20/2024
1/6/2025

Department and Agencies

Department
Independent Agency
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