file-o file-word file-excel file-powerpoint file-image file-archive file-audio file-movie file-code file-openoffice file-css menu googleplus facebook instagram twitter feed youtube vimeo2 lanyrd flickr picassa deviantart github wordpress blogger tumblr yahoo soundcloud skype linkedin lastfm delicious stumbleupon stackoverflow pinterest foursquare cross arrow-left arrow-down arrow-up arrow-right arrow-left2 arrow-down2 arrow-up2 arrow-right2 arrow-left3 arrow-down3 arrow-up3 arrow-right3 search

You are here

FIA PTG: CAT pricing amendments don't fully address problems

FIA PTG: CAT pricing amendments don't fully address problems

12 January 2018 8:45pm EST

FIA PTG sent a comment letter to the SEC today raising concerns with amendments to the previously proposed fee schedule rule changes filed by the Self-Regulatory Organizations (SROs) that are the Plan Participants to the Consolidated Audit Trail (CAT).  In two previous letters (FIA PTG lists concerns with CAT fee structure and FIA PTG raises cybersecurity concerns with CAT), FIA PTG raised concerns including: the cost allocation methodology, the use of inconsistent metrics, the disproportionate impact on options market-makers, the lack of transparency, conflicts of interest, and the governance of the CAT NMS, LLC.

While FIA PTG appreciates that in the Amended Proposals the Plan Participants have made changes to the funding model for market-makers, the amendments fail to address most of the issues that exist with the proposed fee structure. 

The full letter is available here. 

Advertisement
Advertisement

Attachments

Icon
2018-01-12_SEC_CAT_Amended_Pricing_Proposal.pdf (251.69 KB)

Close

Close

Menu

Menu

Back to FIA