Sviluppo TradingBot
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# Regulatory Fees
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## FEE types and effective rates
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The following FEEs are applied to options trades.
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| Type | When | Charged By |
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| :----------------------------- | :---------------------------------- | :---------------- |
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| Trading Activity Fee (TAF) | Sells only | FINRA |
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| Options Regulatory Fee (ORF) | Buys and sells | Options Exchanges |
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| Options Clearing Corporation | Buys and sells up to 2750 contracts | OCC |
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| Consolidated Audit Trail (CAT) | Buys and sells | FINRA-CAT |
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The following FEEs are applied to equities.
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| Type | When | Charged By |
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| :----------------------------- | :------------- | :--------- |
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| Trading Activity Fee (TAF) | Sells only | FINRA |
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| Consolidated Audit Trail (CAT) | Buys and sells | FINRA-CAT |
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For our current effective rates, please refer to our brokerage fee schedule available here:
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<Anchor label="https://alpaca.markets/disclosures" target="_blank" href="https://alpaca.markets/disclosures">[https://alpaca.markets/disclosures](https://alpaca.markets/disclosures)</Anchor>
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## How Fees are charged and reflected in account balances
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1. Alpaca's trading system keeps track of the accrued FEE amounts intraday and deducts the pending amounts from account balances.
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2. At EOD, we charge each account the fees for that trading day
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3. We round up total fees based on the currency’s precision to the nearest decimal place.
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For example, USD has a precision of 0.01. If the total fee is calculated as 0.00083, it will be rounded up to 0.01 (i.e., 1 penny).
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## Additional resources
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* [https://www.finra.org/rules-guidance/rulebooks/industry/trading-activity-fee](https://www.finra.org/rules-guidance/rulebooks/industry/trading-activity-fee)
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* [https://www.catnmsplan.com/](https://www.catnmsplan.com/)
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* [https://www.sec.gov/newsroom/press-releases/2024-47](https://www.sec.gov/newsroom/press-releases/2024-47)
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