Nasdaq GEMX Joins the Fee Parade for Market Audits
Published Date: 1/23/2025
Notice
Summary
Nasdaq GEMX is setting new fees for industry members to cover the 2025 costs of the Consolidated Audit Trail (CAT), a system that tracks stock trades to keep markets fair and transparent. These fees kick in right away and affect anyone who’s part of a national securities exchange or association. If you’re in the trading game, get ready to budget for these updated charges starting in 2025!
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Industry Fees for 2025 CAT Costs
Nasdaq GEMX is establishing fees charged to Industry Members to cover reasonably budgeted Consolidated Audit Trail (CAT) costs for 2025. This applies to anyone who is a member of a national securities exchange or a national securities association; the proposal was filed on January 2, 2025 and was designated immediately effective.
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Previous / Next Documents
Previous: 2025-01550 — Self-Regulatory Organizations; Nasdaq BX, 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, Nasdaq BX is setting new fees for Industry Members to cover their fair share of the costs for the Consolidated Audit Trail (CAT), a system that tracks stock trades to keep markets safe and fair. If you’re part of a national securities exchange or association, expect these fees to kick in soon. The change is effective immediately, so members should get ready to budget for these updates.
Next: 2025-01552 — Self-Regulatory Organizations; Nasdaq ISE, 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 in 2025, Nasdaq ISE is setting new fees for Industry Members to cover the fair costs of running the Consolidated Audit Trail (CAT), a system that tracks stock trades. If you’re part of a national securities exchange or association, expect these fees to kick in soon. The change is effective immediately, so get ready to budget for this important market tracking upgrade!