18 Aug 2025
📈SEC Notice
Joint Industry Plan; Notice of Filing and Immediate Effectiveness of Amendment to the National Market System Plan Governing the Consolidated Audit Trail To Add 24 National Exchange LLC as a Participant
Summary
The SEC announces the filing and immediate effectiveness of an amendment to the National Market System Plan, adding 24 National Exchange LLC as a Participant. This amendment will alter existing market structures by integrating a new exchange, thereby impacting regulatory compliance and engagement within the national securities framework.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The amendment to the CAT NMS Plan introduces 24 National Exchange LLC as a Participant, which could lead to new compliance and regulatory responsibilities for existing exchanges and associated costs, particularly concerning the Participation Fee required for membership. This has potential implications for market structure and competition.