Nasdaq Lowers Options Fees and Dumps June Model Plan
Published Date: 5/14/2025
Notice
Summary
Starting May 1, 2025, Nasdaq is lowering the Options Regulatory Fee (ORF) for traders using its options market and scrapping the new ORF model that was planned for June 2025. This means options traders will pay less in fees, and the complicated new fee system won’t happen. If you trade options on Nasdaq, get ready for simpler and cheaper fees soon!
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Options Regulatory Fee Cut per Contract
Starting May 1, 2025, Nasdaq is lowering its Options Regulatory Fee (ORF) from $0.0016 to $0.0014 per contract side. If you trade options on Nasdaq (or clear customer options through a Nasdaq participant), each cleared contract side will be charged the lower ORF rate beginning on that date.
Planned June 2025 ORF Model Discontinued
Nasdaq is discontinuing the new ORF model that had been scheduled for implementation in June 2025, so the planned June 2025 changes will not take effect. Nasdaq says it will continue assessing ORF under current procedures while it re-evaluates and may file a future proposal for a revised ORF approach.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Take It Personal
Get Your Personalized Policy View
Start a Free Government Policy Watch to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in