10 Jul 2025
📉Nasdaq Proposes Reduction in Options Regulatory Fees
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Lower the Options Regulatory Fee (ORF)
Summary
The Nasdaq Stock Market LLC announced a proposed rule change to lower the Options Regulatory Fee (ORF) from $0.0014 to $0.0005 per contract side, effective August 1, 2025. This decision aims to align regulatory revenue with the Exchange's estimated Options Regulatory Costs, ensuring fair charges for Participants and maintaining compliance standards.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed reduction of the Options Regulatory Fee (ORF) impacts the cost structure for businesses involved in options trading on Nasdaq, potentially lowering expenses for Participants. This fee decrease from $0.0014 to $0.0005 per contract side aims to prevent excessive regulatory revenue, which can affect overall compliance costs for businesses engaged in trading.