Cboe EDGA Exchange Bills for Pre-2022 Audit Trail Expenses
Published Date: 5/14/2026
Notice
Summary
Cboe EDGA Exchange is updating its fee schedule to charge Industry Members for some past costs related to the Consolidated Audit Trail that weren’t billed before January 1, 2022. This change means certain members will see new fees starting right away to cover these historical expenses. If you’re part of the trading world, keep an eye on your bills—they might look a little different soon!
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
New Historical CAT Fees for Industry Members
If you are an Industry Member (a member of a national securities exchange or a national securities association), the Exchange is amending its fee schedule to charge Industry Members for certain Consolidated Audit Trail (CAT) costs that were incurred before January 1, 2022 and were not previously invoiced. The fee change was filed on April 27, 2026 and is described as immediately effective, so affected members may see new charges on upcoming invoices.
$38.96M Outstanding Recovery Amount
The Historical CAT Assessment 1A will seek to recover $38,964,855.34 of previously un-invoiced Historical CAT Costs 1. That amount will be recovered from CAT Executing Brokers collectively, with CEBBs responsible for $19,482,427.67 and CEBSs responsible for $19,482,427.67.
Per-Transaction Fee Rate and Calculation
Historical CAT Assessment 1A will charge each CAT Executing Broker (CEBB and CEBS) for applicable transactions in Eligible Securities. The Operating Committee set the Historical Fee Rate for Assessment 1A at $0.000002, and each transaction's fee is calculated by multiplying the number of executed equivalent shares by one-third and by that Historical Fee Rate. Executed equivalent shares count as 1 per NMS Stock share, for Listed Options use the contract multiplier (for example, 100), and for OTC Equity Securities count as 0.01 per share.
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Previous / Next Documents
Previous: 2026-09592, Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule Entitled “Consolidated Audit Trail Funding Fees”
Cboe BYX Exchange is updating its fee schedule to charge Industry Members for some past costs related to the Consolidated Audit Trail that weren’t billed before January 1, 2022. This change means certain members will see new fees starting right away to cover these historical expenses. If you’re part of the trading world, keep an eye on your bills—they might look a little different soon!
Next: 2026-09594, Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule Entitled “Consolidated Audit Trail Funding Fees”
Cboe EDGX Exchange is updating its fee schedule to charge Industry Members for some past costs related to the Consolidated Audit Trail that weren’t billed before January 1, 2022. This change means certain members will see new fees starting right away to cover these historical expenses. If you’re part of the trading world, get ready to spot these updates on your bills soon!