Nasdaq PHLX LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to establish fees for industry members related to the Consolidated Audit Trail (CAT) costs for 2025. The rule change was filed on January 2, 2025, and is designed to be effective immediately. Interested parties are invited to submit comments about this proposal through the SEC's website by February 13, 2025. The proposal and information about it can be viewed on both the Exchange’s and the SEC’s websites.
Simple Explanation
Nasdaq wants to charge some companies money to help pay for a tracking system that watches stock trades, and they are asking people to share what they think about it on the government's website.