2025-02498NoticeWallet

Options Fees on Hold: Nasdaq Gives Traders a Break

Published Date: 2/12/2025

Notice

Summary

Nasdaq is hitting the pause button on its new Options Regulatory Fee (ORF) plan and will now roll it out starting June 1, 2025, running through December 1, 2025. Until then, starting March 1, 2025, the ORF will go back to $0.0016 per contract side. This change affects traders and firms dealing with options, giving them more time before the new fee rules kick in.

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

ORF Reverts to $0.0016 per Contract

Starting March 1, 2025, Nasdaq will set the Options Regulatory Fee (ORF) back to $0.0016 per contract side. If you trade options, this is the per-contract fee that will apply until the exchange implements a different ORF.

New ORF Implementation Delayed to June–Dec 2025

Nasdaq delayed the rollout of the new Options Regulatory Fee and methodology proposed in SR-NASDAQ-2024-078; the new ORF will be implemented on June 1, 2025 and will sunset on December 1, 2025. This delay gives options traders and firms more time before the new fee rules take effect.

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Key Dates

Published Date
Effective Date
2/12/2025
3/1/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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