20 Jun 2025
💵Nasdaq 100 Options Fee Change and Regulatory Notice
Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Fees for Nasdaq 100 Index Options in Options 7, Section 5.A
Summary
Nasdaq PHLX LLC has filed a proposed rule change to amend transaction fees for Nasdaq 100 Index options, introducing a surcharge aimed at reducing liquidity removal by Non-Customer orders. The proposal seeks to encourage market participants to add liquidity, thereby enhancing trading opportunities and pricing stability on the exchange.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposal introduces a new $1.50 surcharge for Non-Customer orders that remove liquidity on Nasdaq 100 Index options, impacting transaction costs for businesses trading without 'customer' designations. This change may influence market participation and liquidity strategies.