22 Sep 2025
📉Nasdaq Proposes Significant Reduction in Options Regulatory Fee
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 has proposed a noteworthy reduction in the Options Regulatory Fee (ORF), lowering it from $0.0005 to $0.00005 per contract, effective October 1, 2025. This change is aimed at ensuring the ORF Regulatory Revenue aligns with the Exchange's regulatory costs while maintaining compliance with federal regulations.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed decrease in the Options Regulatory Fee (ORF) from $0.0005 to $0.00005 per contract is a significant cost reduction for businesses engaged in options trading on the Nasdaq. This can lead to increased trading activity and potentially higher profitability for market participants.