Temporary Change to FINRA Trading Activity Fee (TAF) for US-Listed Stocks & ETFs from 1 Oct 2026 to 31 Dec 2026

29 Sep 2026

We would like to inform you of a temporary change to the FINRA Trading Activity Fee (TAF), which applies to sell orders in US-listed stocks and ETFs.

 

What is changing:

For sell trades with a trade date from Thursday, 1 October 2026 to Thursday, 31 December 2026 (inclusive), the TAF will be USD 0.00. No minimum or maximum charge will apply during this period.

 

When the TAF resumes:

From Friday, 1 January 2027, the TAF will resume in accordance with FINRA’s prevailing fee schedule.

 

Changes are as follows:

Fee Item

Current Fee Schedule

Adjusted Fee Schedule 

US Stocks & ETFs

Trading Activity Fee

(Sells only)

USD0.000195 per share,

max USD9.79

USD 0.00 per share

 

 

Should you have any query, please contact our Client Service Desk at (65) 6538 0500 or email to nova@phillip.com.sg.

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Scheduled maintenance will take place on
11 July 2026 from 1:00 PM to 5:00 PM.

No downtime is expected, but there may be brief interruptions if any unexpected issues occur.

Thank you for your patience.