Stock Exchange Charges Members for Big Brother Trading Database
Published Date: 1/10/2025
Notice
Summary
Starting in 2025, NYSE Arca is setting a tiny new fee for industry members to help cover the costs of the Consolidated Audit Trail (CAT), a system that tracks stock trades. If you’re a broker or trader using NYSE Arca, expect a small charge of $0.000022 per share traded. This fee kicks in right away to keep the CAT system running smoothly and fairly.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
New CAT fee: $0.000022 per share
If you are a broker or trader who is an Industry Member of NYSE Arca, the Exchange is charging a new CAT Fee 2025-1 of $0.000022 per executed equivalent share. CAT Executing Brokers will receive their first invoice in February 2025 for January 2025 activity, and the fee is anticipated to be in place for six months and payable to Consolidated Audit Trail, LLC (CAT LLC).
2025 fee replaces 2024 rate ($0.000035)
CAT Fee 2025-1 is intended to replace CAT Fee 2024-1, which had a fee rate of $0.000035 per executed equivalent share. The Exchange states CAT Fee 2025-1 is anticipated to recover approximately one-half of the reasonably budgeted CAT costs for 2025.
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Previous / Next Documents
Previous: 2025-00291, Self-Regulatory Organizations; New York Stock Exchange LLC; 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 February 2025, the New York Stock Exchange is charging industry members a tiny fee of $0.000022 for every share traded to help cover the costs of the Consolidated Audit Trail (CAT) system. This fee supports the CAT, which tracks stock trades to keep markets fair and transparent. If you’re a broker or trader, get ready to see this new fee on your monthly bills!
Next: 2025-00293, Self-Regulatory Organizations; NYSE Chicago, 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
NYSE Chicago is setting a new fee for industry members to help cover the 2025 costs of the Consolidated Audit Trail (CAT), a system that tracks stock trades. Starting February 2025, brokers will pay $0.000022 per executed share to support this important market tracking tool. This change affects anyone involved in executing trades on NYSE Chicago and kicks in right away!