Federal Register #SR-24X-2026-15

SEC Solicitation: CAT System Funding via Industry Member Fees (2026)

This opportunity involves the Securities and Exchange Commission (SEC) overseeing a proposed rule change by 24X National Exchange LLC to establish fees supporting the Consolidated Audit Trail (CAT) system for most of 2026. - 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 for CAT - Algoseek, LLC: Market data provider - WilmerHale and Jenner: Legal services - Deloitte: Consulting services - Anchin and Grant Thornton: Professional and administration services - Products/Services Requested: - Cloud hosting for CAT (AWS) - Plan Processor services (FCAT) - Market data provision (Algoseek) - Legal services (WilmerHale, Jenner) - Consulting (Deloitte) - Professional and administrative support (Anchin, Grant Thornton) - CAT Fee 20261: $0.000001 per executed equivalent share, invoiced monthly to industry members - Notable Requirements: - Compliance with CAT NMS Plan and SEC Rule 613 - Arms-length negotiated contracts for major services - Fee designed to recover approximately two-thirds of the CAT's budgeted costs ($15.15 million for the period) - Monthly invoicing based on prior month transactions - Budget covers cloud hosting, legal, consulting, insurance, and operational expenses - Place of Performance: - SEC Headquarters, 100 F Street NE, Washington, DC

Description

The Securities and Exchange Commission approved a proposed rule change by 24X National Exchange LLC to establish fees for industry members related to the reasonably budgeted costs of the Consolidated Audit Trail (CAT) for the period from May 1, 2026, through December 31, 2026. The fees, referred to as CAT Fee 20261, are calculated based on executed equivalent shares and are intended to recover approximately two-thirds of the budgeted CAT costs. The document details the fee structure, budget estimates, and the scope of services and legal support related to the CAT system.

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