Subscribe to our mailing list

* indicates required







We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.


Stay Informed with the latest fanancialish news.




Rules & Regulations

FINRA Adopts New Fees to Pay for Consolidated Audit Trail

May 8, 2017

FINRA is filing with the SEC for immediate effectiveness a proposed rule change for establishing a fee schedule related to the National Market System Plan Governing the Consolidated Audit Trail (the “CAT NMS Plan” or “Plan”).


The CAT funding model is designed to establish CAT-specific fees to collectively recover the costs of building and operating the CAT from all CAT Reporters, including Industry Members and Participants. The overall CAT costs for the calculation of the CAT Fees in this fee filing are comprised of Plan Processor CAT costs and non-Plan Processor CAT costs incurred, and estimated to be incurred, from November 21, 2016 through November 21, 2017. 


Participating Exchanges and Participants.    Bats BYX Exchange, Bats BZX Exchange, Bats EDGA Exchange, Bats EDGX Exchange, BOX Options Exchange, C2 Options Exchange, CBOE, CSX, FINRA, Investors’ Exchange, Miami Intl Securities Exchange, MIAX PEARL, Nasdaq BX, Nasdaq GEMX, Nasdaq ISE, Nasdaq MRX, NASDAQ PHLX, The NASDAQ Stock Market, NYSE, NYSE MKT, NYSE Arca, and NYSE National.