The Miami International Securities Exchange, LLC has proposed a new rule change regarding fees for its Industry Members as part of the CAT NMS Plan, which helps oversee trading activities. These fees, named CAT Fee 2025-1, will be charged at a rate of $0.000022 per executed equivalent share and are intended to recover half the costs budgeted for 2025. This proposal was filed with the Securities and Exchange Commission and became effective immediately, with the first invoices expected in February 2025. The public is invited to submit comments on this proposed change by February 6, 2025.
Simple Explanation
The Miami International Securities Exchange is planning to charge businesses a small fee to help cover the costs of keeping track of stock trades in 2025. This change will start soon, and people have until February 6, 2025, to say what they think about it.