Cboe Exchange Sets New CAT Funding Fees Starting May
Published Date: 5/12/2026
Notice
Summary
Starting May 1, 2026, Cboe Exchange is setting new fees for industry members to cover their share of the costs for the Consolidated Audit Trail (CAT) system through the end of the year. This means brokers and traders who are part of national exchanges will see updated fees to help fund this important market tracking tool. The changes take effect immediately and keep the CAT system running smoothly and fairly.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
New CAT fee charged to industry members
If you are a broker or trader that is an Industry Member (a CEBB or CEBS), Cboe is implementing CAT Fee 2026-1 for the period May 1, 2026 through December 31, 2026. The fee rate assessed to CEBBs and CEBSs will be $0.000001 per executed equivalent share; the total Budgeted CAT Costs for May–December 2026 are $15,149,648, with CEBBs collectively responsible for $5,049,882.67 and CEBSs collectively responsible for $5,049,882.67.
Brokers may pass CAT fees to clients
Brokers (CEBBs and CEBSs) may, but are not required to, pass their CAT fees on to their clients. The fee being levied for May 1, 2026 through December 31, 2026 is $0.000001 per executed equivalent share and could be reflected in trade-related charges if your broker chooses to pass it along.
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Previous / Next Documents
Previous: 2026-09354, Self-Regulatory Organizations; Cboe C2 Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a 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 the Period From May 1, 2026 Through December 31, 2026
Starting May 1, 2026, Cboe C2 Exchange is setting new fees for industry members to cover their share of the Consolidated Audit Trail (CAT) costs through the end of the year. This means brokers and traders who are part of national exchanges will see updated fees to help fund the system that tracks trading activity. The changes kick in immediately and keep the CAT running smoothly and fairly.
Next: 2026-09356, Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the NYSE Arca Equities Fees and Charges and the NYSE Arca Options Fees and Charges To Establish Fees for Industry Members Related to Certain Historical Costs of the National Market System Plan Governing the Consolidated Audit Trail
Starting now, NYSE Arca is adding new fees for industry members to cover some past costs of the National Market System’s Consolidated Audit Trail that weren’t fully paid before. These fees affect traders and firms using NYSE Arca’s equities and options markets and will help settle leftover bills from before 2022. The new charges kick in immediately, so members should be ready to see these updates on their bills.