22 Sep 2025
📉Nasdaq GEMX Proposes Significant Reduction in Options Regulatory Fee
Self-Regulatory Organizations; Nasdaq GEMX, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Lower the Options Regulatory Fee (ORF)
Summary
Nasdaq GEMX has announced a proposal to lower the Options Regulatory Fee (ORF) from $0.0009 to $0.0002 per contract side, effective October 1, 2025. This change aims to ensure that regulatory revenue aligns with the exchange's regulatory costs while establishing a fairer fee structure for its members. The proposal requires SEC approval and seeks to support customer trading activities effectively.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
This regulation reduces the Options Regulatory Fee (ORF) from $0.0009 to $0.0002 per contract side, which directly impacts trading costs for members and can influence trading volumes. Businesses that utilize GEMX for options contracts will benefit from reduced fees, potentially increasing profitability.