Opportunity
Federal Register #SR-NYSETEX-2026-11
SEC Notice: NYSE Texas, Inc. Rule Change to Establish Fees for CAT Costs
Buyer
Securities and Exchange Commission
Posted
May 12, 2026
Identifier
SR-NYSETEX-2026-11
NAICS
541618, 541690, 541990
The Securities and Exchange Commission (SEC) is announcing a proposed rule change by NYSE Texas, Inc. to establish fees for industry members to recover the budgeted costs of the Consolidated Audit Trail (CAT) for a defined period. - Government Buyer: - Securities and Exchange Commission (SEC), Division of Trading and Markets - OEMs and Vendors: - Amazon Web Services, Inc. (AWS) – cloud hosting services - FINRA CAT, LLC (FCAT) – Plan Processor services - Algoseek, LLC – market data provider - WilmerHale – legal services - Jenner – legal services - Deloitte – consulting services - Anchin – professional/administrative services - Grant Thornton – professional/administrative services - Products/Services Requested: - Cloud hosting for CAT (AWS) - Operation and maintenance of CAT (FCAT) - Market data provision (Algoseek) - Legal support (WilmerHale, Jenner) - Consulting and advisory (Deloitte) - Professional and administrative support (Anchin, Grant Thornton) - Notable Requirements: - Fees are calculated at $0.000001 per executed equivalent share, charged monthly to industry members - Budget includes technology, legal, consulting, insurance, and administrative costs, with a 25% reserve for contingencies - Emphasis on transparency, equitable allocation, and regulatory compliance - No specific product part numbers or purchase quantities; procurement is for ongoing services and operational cost recovery
Description
The Securities and Exchange Commission (SEC) has filed a proposed rule change by NYSE Texas, Inc. to amend its fee schedule. The rule change establishes fees for industry members related to reasonably budgeted costs of the Consolidated Audit Trail (CAT) for the period from May 1, 2026, through December 31, 2026. These fees are payable to Consolidated Audit Trail and cover various costs including technology, operating fees, legal, and consulting services. The rule change is effective immediately upon filing and is intended to manage costs and comply with regulatory requirements.