20 Jun 2025
📈Nasdaq ISE Proposes Amendments to Options Pricing Structure
Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Fees for Nasdaq 100 Index Options in Options 7, Section 5.A
Summary
The Securities and Exchange Commission has published a notice concerning Nasdaq ISE's proposed rule change to amend fees for Nasdaq 100 Index options. The amendment introduces a surcharge aimed at encouraging more liquidity among Non-Priority Customers while maintaining unchanged fees for Priority Customers, reflecting a broader effort to enhance trading efficiency.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change introduces a $1.50 surcharge for Non-Priority Customer orders that remove liquidity, which will impact transaction costs for these customers. This shift encourages liquidity provision, altering market dynamics and potentially affecting trading volumes and cost structures for involved businesses.