Nasdaq MRX Slashes Fees for Complex Order Market Makers
Published Date: 6/17/2025
Notice
Summary
Nasdaq MRX is giving Market Makers a bigger discount on fees when they trade complex orders against Priority Customer orders from their own affiliated members or entities. This change kicks in right away and helps Market Makers save money on both Penny and Non-Penny options. If you’re a Market Maker linked to Priority Customers, expect lower fees starting now!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Market Makers Face $0.10 Complex Fee
If you are a Market Maker on Nasdaq MRX and you trade complex orders against Priority Customer orders that originate from an Affiliated Member or an Affiliated Entity in Penny or Non-Penny symbols, the fee discount was changed from $0.00 to $0.10 per contract. This change is operative on June 2, 2025.
Priority Customers Continue Paying No Fee
Priority Customers (non-broker/dealers that do not place more than 390 listed options orders per day on average) continue to be assessed no fee for Penny and Non-Penny Symbol complex order transactions on MRX. That treatment remains in place under the proposed pricing schedule.
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