10 Sep 2025
💲Nasdaq BX Proposes New Fees for SQF Ports and Purge Ports
Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Options 7, Section 3
Summary
The Securities and Exchange Commission has published a notice regarding Nasdaq BX, Inc.’s proposed amendments to its fee structures for SQF Ports and Purge Ports in the options market. The changes will affect the pricing for Market Makers, with tiered rates depending on the number of ports utilized, and are effective beginning January 1, 2026.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change introduces new fee structures for SQF Ports and SQF Purge Ports, potentially impacting operational costs for Market Makers. The amendments to pricing create a significant financial consideration for businesses operating in the options market, particularly in terms of compliance and cost management.