14 May 2025
💼Nasdaq Proposes Decrease in Options Regulatory Fee and Discontinuation Plans
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Decrease the Options Regulatory Fee (ORF) and Discontinue the ORF Model Scheduled To Be Implemented in June 2025
Summary
The Securities and Exchange Commission published a notice on Nasdaq's proposed rule change to lower the Options Regulatory Fee (ORF) and discontinue the ORF model set for June 2025. This decision is aimed at adapting to rising options volume while ensuring the fee structure remains equitable and effective in covering regulatory costs.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed decrease in the Options Regulatory Fee (ORF) from $0.0016 to $0.0014 per contract side may lead to reduced operational costs for firms trading in options, ultimately benefiting business owners and executives in the financial services sector. The discontinuation of the ORF model scheduled for June 2025 also signifies regulatory changes that affect compliance and operational practices.