22 Sep 2025
📉Nasdaq ISE Proposes Reduction of Options Regulatory Fee
Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Lower the Options Regulatory Fee (ORF)
Summary
Nasdaq ISE proposes a rule change to decrease the Options Regulatory Fee (ORF) per contract side from $0.0013 to $0.0003, effective October 1, 2025. This adjustment aims to align revenue with regulatory costs, ensuring a fair allocation of fees among market participants while maintaining regulatory functions across options trading activities.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed decrease in the Options Regulatory Fee (ORF) from $0.0013 to $0.0003 per contract side is a financial adjustment that directly impacts business costs for members executing options transactions. This regulatory change aims to ensure that revenue does not exceed regulatory costs, which could influence trading behavior and overall market activity.