8 May 2025
📉Nasdaq PHLX Discontinues Options Regulatory Fee Model Proposal
Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Discontinue the Options Regulatory Fee Model Scheduled To Be Implemented in June 2025
Summary
The Securities and Exchange Commission announced Nasdaq PHLX's proposal to discontinue its Options Regulatory Fee model scheduled for June 2025, following feedback regarding necessary trading data availability. This decision leads to ongoing evaluation and potential reform of the ORF model, aiming for more equitable regulatory fees in future transactions.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change to discontinue the Options Regulatory Fee (ORF) model directly affects trading fees for businesses, potentially reducing operational costs associated with options trading on Nasdaq. Such regulatory changes may influence market dynamics and financial strategies for business owners involved in trading activities.