Nasdaq Ditches Planned Options Fee: Traders Save Cash Now
Published Date: 5/8/2025
Notice
Summary
Nasdaq GEMX has decided to scrap its new Options Regulatory Fee plan that was supposed to start in June 2025. This change means traders and firms won’t have to pay the new fees that were planned, keeping things simpler and potentially saving money. The decision is effective immediately, so everyone can breathe easy and keep trading without extra charges.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
June 2025 Options Fee Cancelled
Nasdaq GEMX filed on April 28, 2025 to discontinue the Options Regulatory Fee (ORF) model that was scheduled to be implemented on June 1, 2025. That means members, clearing firms, and traders will not be charged the new ORF structure planned for June 2025, and the discontinuation is effective immediately.
Exchange Keeps Current ORF; May Revamp Later
GEMX expects to continue assessing ORF under its current method for now and plans to propose a future revised ORF model (described in a later filing) that would assess ORF only to on-exchange transactions and only to customers. The Exchange says it will ensure ORF revenue, together with other regulatory fees and fines, does not exceed Options Regulatory Cost.
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