The FINRA Consolidated Audit Trail Fee is a regulatory fee charged on transactions of certain eligible securities. The fee is designed to recover costs associated with creating, developing, and maintaining the Consolidated Audit Trail (“CAT”). The fee is charged as follows:
- US Stocks: 0.000052 per share
- US Options: 0.0052 per option contract (1 option contract represents 100 shares)
- US OTC Stock: 0.00000052 per share (each OTC stock transaction is counted as 0.01 executed equivalent share)
Please Note
- The stated Consolidated Audit Trail ("CAT") fee will be charged for all executions of shares on Eligible Securities, including instances in which a third-party broker is used for execution and such third-party broker does not pass along the CAT fee.