Federal Register #SR-NYSETEX-2026-12

SEC Notice: NYSE Texas, Inc. Fee Schedule Change for Historical CAT Cost Recovery

This SEC notice outlines a proposed rule change by NYSE Texas, Inc. to recover historical technology and operational costs for the Consolidated Audit Trail (CAT) system: - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors Involved: - Amazon Web Services, Inc. (AWS) – cloud hosting - Financial Industry Regulatory Authority (FINRA) and subsidiary FCAT – Plan Processor - Kingland Systems – CAIS operating services - Thesys Technologies, LLC – initial Plan Processor - Exegy Incorporated – market data services - Products/Services Requested: - No new products or services are being procured - The notice establishes a fee structure to recover $38,964,855.34 in historical CAT system costs - Fee rate set at $0.000002 per executed equivalent share, invoiced to industry members (including CAT Executing Brokers for buyers and sellers) - Unique/Notable Requirements: - Cost recovery applies to historical technology and operational expenses for the CAT NMS Plan - Fees are allocated to industry members based on executed share volume - Multiple technology and data service providers contributed to the CAT system's development and operation

Description

The Securities and Exchange Commission has filed a proposed rule change by NYSE Texas, Inc. to amend its fee schedule. The rule change aims to establish fees for industry members related to certain historical costs of the National Market System Plan governing the Consolidated Audit Trail. The fees are intended to recover remaining historical costs not previously invoiced. The fee rate for the new assessment will be $0.000002 per executed equivalent share, with invoices starting in June 2026.

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