6 Aug 2025
📈Nasdaq GEMX Options Regulatory Fee Changes Effective January 2026
Self-Regulatory Organizations; Nasdaq GEMX, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Methodology for Its Options Regulatory Fee (ORF) as of January 2, 2026
Summary
Nasdaq GEMX proposes to amend its Options Regulatory Fee (ORF) methodology, with changes effective January 2, 2026. The modifications include adjustments on customer options transactions and new fees reflecting the operational costs of regulatory oversight. The updated fee structure aims to ensure equitable allocation of regulatory costs among market participants.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change alters the methodology for assessing the Options Regulatory Fee (ORF), impacting cost structures for businesses involved in options trading on GEMX. Starting January 2, 2026, the ORF will increase, which may affect profitability for member firms and traders. The change prompts compliance and financial strategy adjustments.