16 Jan 2025
💼MIAX Emerald's Proposed CAT Fee 2025
Self-Regulatory Organizations; MIAX Emerald, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Fee Schedule To Establish Fees for Industry Members Related to Reasonably Budgeted CAT Costs of the National Market System Plan Governing the Consolidated Audit Trail for 2025
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change introduces a new fee structure (CAT Fee 2025-1) for industry members, impacting financial obligations of businesses involved. The fee is tied to regulatory compliance with the Consolidated Audit Trail, directly affecting operational costs and pricing strategies for Executing Brokers starting February 2025.