Type:Notice
Citation:90 FR 701
Reading Time:about 3 minutes
Cboe C2 Exchange, Inc. has proposed a rule change to establish a new fee called the CAT Fee 2025-1, which is set at $0.000022 per executed equivalent share. This fee is related to the costs associated with the Consolidated Audit Trail, which is governed by the National Market System Plan. The proposal was filed with the Securities and Exchange Commission (SEC) on December 20, 2024, and has been designated for immediate effectiveness. The SEC has invited the public to submit comments on this proposal by January 27, 2025.
Simple Explanation
Cboe C2 Exchange wants to charge a tiny fee for each share traded to help pay for a big "digital trail" that tracks trades, and they're letting people say what they think about it until January 27, 2025.