FINRA Amends the TAF Rate for Transactions in Covered Security Futures (FINRA Regulatory Notice)

Effective October 1, 2012, the Trading Activity Fee (TAF) rate for transactions in covered security futures will decrease from $0.04 for each security futures contract traded on a round-turn basis carried in a securities account to $0.00008, with a minimum fee of $0.01 per round-turn transaction. The new rate applies to round-turn transactions in security futures subject to the TAF occurring on or after October 1, 2012.

View notice here(links externally to FINRA website).