2025-23527Notice

Cboe C2 Jacks Up Trading Fees by a Penny Fraction

Published Date: 12/22/2025

Notice

Summary

Starting January 2, 2026, Cboe C2 Exchange is raising the Options Regulatory Fee from $0.0002 to $0.0003 per contract side. This temporary bump lasts until June 30, 2026, affecting traders who use the exchange for options trading. It’s a short-term change designed to help cover regulatory costs, so keep an eye on your trading fees during this six-month window!

Analyzed Economic Effects

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

Temporary Options Regulatory Fee Increase

Starting January 2, 2026, Cboe C2 raises the Options Regulatory Fee (ORF) from $0.0002 to $0.0003 per contract side. This temporary increase lasts through June 30, 2026 (the rate will revert on July 1, 2026) and will increase the per-contract regulatory fee traders or their clearing firms pay during this six-month period.

ORF Covers Customer-Range Trades Even Off-Exchange

The Exchange assesses the ORF to each Trading Permit Holder (TPH) for options transactions cleared in the customer range regardless of which exchange the transaction occurs on. That means customer-range options transactions cleared by a C2 clearing TPH are subject to the ORF even if the trade was executed on a different exchange.

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Key Dates

Published Date
Effective Date
12/22/2025
1/2/2026

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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