12 Feb 2025
📈Delay in Options Regulatory Fee Implementation by Nasdaq PHLX
Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Delay the Implementation of the New Options Regulatory Fee (ORF) and ORF Methodology Proposed in SR-Phlx-2024-66
Summary
The Securities and Exchange Commission issued a notice regarding Nasdaq PHLX's proposal to delay the implementation of a new Options Regulatory Fee and its methodology. The proposed changes are set to affect the effective date and fee structure, providing businesses with updated operational cost insights in the options market.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice indicates a delay in implementing a new Options Regulatory Fee, affecting trading costs for businesses transacting options. The proposal also reverts to a prior fee, impacting expenses, which has direct financial implications for executives managing trading operations.