14 Jul 2025
💰Nasdaq MRX Fee Notice
Self-Regulatory Organizations; Nasdaq MRX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish Fees for Industry Members Related to Reasonably Budgeted Costs of the National Market System Plan Governing the Consolidated Audit Trail for the Period From July 1, 2025 Through December 31, 2025
Summary
The SEC published a notice regarding Nasdaq MRX's proposed rule change to establish fees for industry members related to the Consolidated Audit Trail's budgeted costs for July to December 2025. The new fees are expected to recover operational costs, thereby impacting trading firms and their financial strategies moving forward.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
This notice outlines the establishment of fees for industry members related to the budgeted costs of the National Market System Plan, which will have a direct financial impact on businesses involved in trading securities. Compliance with new fee structures and understanding their implications for transaction costs is crucial for industry members, which could affect their overall operational budgets.