2025-18249NoticeWallet

Nasdaq GEMX Trims Options Fees in Snooze-Worthy Move

Published Date: 9/22/2025

Notice

Summary

Starting October 1, 2025, Nasdaq GEMX is cutting its Options Regulatory Fee from $0.0009 to $0.0002 per contract side. This means traders and firms using GEMX will pay less when handling customer options trades. The change kicks in right away, making it cheaper to trade options on this exchange.

Analyzed Economic Effects

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

GEMX Lowers Options Regulatory Fee

Starting October 1, 2025, Nasdaq GEMX will lower its Options Regulatory Fee (ORF) from $0.0009 to $0.0002 per contract side. That is a reduction of $0.0007 per contract side, so traders and firms that pay the ORF on customer options trades will pay less per contract starting on that date.

Who Pays the ORF

The ORF is assessed for each Customer option transaction that is either executed by a GEMX Member on GEMX or cleared by a GEMX Member at the Options Clearing Corporation (OCC) in the Customer range, even if the trade executed on another exchange. In those cases the ORF is charged per contract side to the member or clearing account responsible under GEMX's rules.

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Key Dates

Published Date
Effective Date
9/22/2025
10/1/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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