NYSE American LLC has filed a proposed rule change with the Securities and Exchange Commission to set up fees for industry members linked to the Consolidated Audit Trail (CAT) costs for 2025. The fee, known as CAT Fee 2025-1, will be $0.000022 per executed equivalent share and will replace the existing higher fee. These fees aim to cover about half of the planned CAT costs for the year. The proposal is available on the SEC website, and comments from the public are invited.
Simple Explanation
The people who run the NYSE American stock exchange want to change how much they charge companies to help pay for a big system that keeps track of all stock trades. The new fee will be a bit cheaper than the old one, and it helps cover the costs of this tracking system, but how it's decided isn't very clear.