The Securities and Exchange Commission (SEC) announced that NYSE Arca, Inc. proposed changes to their fee schedules to support the costs associated with the Consolidated Audit Trail (CAT) plan for 2025. This proposal involves introducing a new fee, named CAT Fee 2025-1, which will be $0.000022 per executed share and aims to cover part of the budget for 2025. The new fee will be effective immediately and is expected to replace the previous CAT Fee 2024-1, which had a higher rate. The SEC is inviting public comments on this proposed change by the end of January 2025.
Simple Explanation
The Securities and Exchange Commission is letting people know that a company called NYSE Arca wants to change how much they charge to keep track of stock buying and selling in 2025. They plan to ask for a small fee each time a share is traded to help pay for this tracking system.