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How is a CAT Executing Broker’s CAT fee calculated?

How is a CAT Executing Broker’s CAT fee calculated?

A CAT Executing Broker’s CAT fee is calculated by multiplying the number of the CAT Executing Broker’s executed equivalent shares traded in Eligible Securities by the applicable fee rate. There will be separate fee rates related to one or more Historical CAT Assessments and to CAT Fees related to Prospective CAT Costs. Fee rates are calculated as set forth in Section 11.3 of the CAT NMS Plan.

 

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