2025-08458NoticeWallet

Nasdaq MRX Boosts Options Fees Through Year's End

Published Date: 5/14/2025

Notice

Summary

Starting May 1, 2025, Nasdaq MRX is temporarily raising its Options Regulatory Fee (ORF) to collect more money for oversight, but this increase will end on December 31, 2025, when fees drop back down. Also, the new ORF model planned for June 2025 is being scrapped, so traders won’t see that change. This affects anyone trading options on Nasdaq MRX and means a short-term bump in fees before things go back to normal.

Analyzed Economic Effects

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

Temporary ORF Increase May–Dec 2025

Starting May 1, 2025, Nasdaq MRX increases its Options Regulatory Fee (ORF) from $0.0004 to $0.0010 per contract side. This temporary higher fee will end on December 31, 2025, when the ORF will revert to $0.0004 per contract side.

June 2025 ORF Model Discontinued

Nasdaq MRX will not implement the new ORF model that had been scheduled for June 1, 2025. The Exchange will continue to assess ORF under its existing methodology and may file a future proposal describing any revamped ORF model.

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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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