22 Sep 2025
📉Nasdaq Phlx Lowers Options Regulatory Fee for Businesses
Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Lower the Options Regulatory Fee (ORF)
Summary
The Securities and Exchange Commission (SEC) has published a notice regarding Nasdaq PHLX LLC's proposal to reduce its Options Regulatory Fee (ORF) from $0.0024 to $0.0003 per contract side. This change aims to align the revenue with regulatory costs and ensure equitable fee structures for all customer transactions in the options market.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed reduction in the Options Regulatory Fee (ORF) from $0.0024 to $0.0003 per contract side has significant financial implications for businesses that trade options. It aims to ensure that regulatory revenue does not exceed regulatory costs, which could potentially lower transaction expenses for member organizations.