💰Nasdaq PHLX Proposes Reduction in Options Regulatory Fee
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 published a notice regarding Nasdaq PHLX LLC's proposal to lower its Options Regulatory Fee from $0.0034 to $0.0024 per contract. This change, effective August 1, 2025, aims to align regulatory revenue with operational costs while ensuring equitable allocation among member organizations. The proposal seeks to enhance compliance and reduce transaction costs for participants in options trading.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The reduction of the Options Regulatory Fee (ORF) from $0.0034 to $0.0024 per contract side has direct financial implications for businesses engaged in options trading, as it decreases their transaction costs. This change is expected to support compliance with regulatory costs while ensuring fair allocation among market participants.