The Securities and Exchange Commission approved a new proposal for funding the Consolidated Audit Trail, a database that tracks all trades, orders and quotes in the U.S. equity market.
The proposal, adopted by a 3-2 party-line vote, divides the costs of maintaining the CAT between stock exchanges, sell-side stock brokers and buy-side investors, with fees being charged in proportion to the number of trades executed by each entity.
SEC…
This article was originally published by Marketwatch.com. Read the original article here.
