💵Nasdaq PHLX Proposes Significant Change to Options Regulatory Fee
Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Methodology for Its Options Regulatory Fee (ORF) as of January 2, 2026
Summary
The Securities and Exchange Commission has published a notice regarding Nasdaq PHLX's proposal to amend the methodology for its Options Regulatory Fee (ORF). The change, effective January 2, 2026, aims to adjust the fee assessment per contract, garnering feedback from interested parties while signaling potential increases in transaction costs for businesses involved in options trading.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The regulatory change proposes a revised assessment of the Options Regulatory Fee (ORF) effective January 2, 2026, which impacts businesses engaging in options trading on the Phlx. It highlights increased costs from $0.0024 to $0.0150 per contract side, obliging firms to adapt financially. This potentially affects trading strategies and economic planning for stakeholders.