2025-08457NoticeWallet

Nasdaq BX Temporarily Raises Options Regulatory Fees

Published Date: 5/14/2025

Notice

Summary

Starting May 1, 2025, Nasdaq BX is temporarily raising the Options Regulatory Fee (ORF) for options traders and stopping a new fee model planned for June 2025. This fee hike lasts until December 31, 2025, after which the ORF will drop back to its original rate of $0.0005 per contract side. If you trade options on Nasdaq BX, expect to pay a bit more for now!

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

Temporary Options Fee Increase

If you trade options on Nasdaq BX, the Options Regulatory Fee (ORF) rises from $0.0005 to $0.0008 per contract side starting May 1, 2025. This temporary increase lasts until December 31, 2025, when the fee will revert to $0.0005 per contract side.

June 2025 ORF Model Discontinued

Nasdaq BX will not implement the new ORF model that had been scheduled for June 1, 2025; the Exchange proposes to discontinue that June 2025 ORF model. The Exchange states no Participant would be subject to the June 2025 ORF as a result of this proposal.

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Key Dates

Effective Date
Published Date
5/1/2025
5/14/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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