Nasdaq ISE, LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to establish fees for Industry Members. These fees are associated with the costs linked to the Consolidated Audit Trail, a system in the National Market System Plan aimed at improving surveillance and market oversight for 2025. This proposal was submitted for immediate effectiveness, and the SEC invites the public to submit comments on whether they agree with this proposed rule change. All comments should be submitted by February 13, 2025, and should reference the file number SR-ISE-2025-01.
Simple Explanation
Nasdaq ISE wants to charge certain companies new fees to help pay for a big computer system that keeps track of all the trading so everyone plays fair; people can tell the government what they think about it until February 13, 2025.