Federal Register #SR-CboeEDGA-2026-014

SEC Notice: Cboe EDGA Exchange Proposed Rule Change for CAT Funding Fees

This opportunity concerns a proposed rule change by Cboe EDGA Exchange, Inc. regarding the Consolidated Audit Trail (CAT) Funding Fees: - Government Buyer: - Securities and Exchange Commission (SEC) - Key OEMs and Vendors: - Amazon Web Services, Inc. (AWS): Cloud hosting services for the CAT system - Kingland Systems Incorporation: Development and operation of the Customer and Account Information System (CAIS) - Thesys Technologies, LLC: Initial Plan Processor for the CAT system - Exegy: Market data services provider - FINRA and subsidiary FCAT: Successor Plan Processor for the CAT system - Products/Services Requested: - Cloud hosting services (AWS) - CAIS development and operation (Kingland Systems) - CAT system management and operation (Thesys Technologies, FCAT/FINRA) - Market data services (Exegy) - No specific part numbers or quantities listed; services are referenced in relation to historical cost recovery - Unique/Notable Requirements: - Amendment establishes new fees for Industry Members to recover historical costs (pre-2022) for CAT system creation, development, and maintenance - Focus on technology and operational expenses, not procurement of new products - Details the transition of Plan Processor responsibilities from Thesys Technologies to FINRA/FCAT

Description

Cboe EDGA Exchange, Inc. has filed a proposed rule change to amend its fee schedule related to Consolidated Audit Trail (CAT) Funding Fees. The amendment establishes fees for Industry Members concerning certain historical costs of the National Market System Plan governing the CAT incurred prior to January 1, 2022, which were not previously invoiced. The rule change aims to recover costs associated with the creation, development, and maintenance of the CAT system, including technology and operational fees.

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