Which Industry Members will receive a CAT invoice?
CAT Reporters who are CAT Executing Brokers that have CAT billable trading activity will receive CAT invoices. (See FAQ V3 for the definition of “CAT Executing Broker” and FAQs V4 and V5 for a discussion of CAT billable activity). Clearing firms or other firms that are not also CAT Executing Brokers will not receive CAT invoices.