2026-00919Notice

Nasdaq BX Tweaks Trading Fees to Match FINRA Updates

Published Date: 1/20/2026

Notice

Summary

Nasdaq BX is updating the fees it charges members who trade stocks and options to match new FINRA fee changes. These updates started on January 1, 2026, and affect all BX members who trade equity and options products. If you trade on Nasdaq BX, expect some fee adjustments that could impact your costs starting this year.

Analyzed Economic Effects

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

FINRA System Processing Fee Tiers

If you are a Nasdaq BX member, the FINRA Annual System Processing Fee listed on BX's Pricing Schedule changes effective January 1, 2026. The fee is now tiered by the number of securities regulators a registered person is registered with: $70 for 1–5 regulators; $95 for 6–20; $110 for 21–40; and $125 for 41 or more.

Continuing Education Session Fee Rise

If you must complete the FINRA Continuing Education Regulatory Element, the session fee increases from $18 to $25 effective January 1, 2026. The Exchange lists this fee on its Pricing Schedule but FINRA collects and retains the fee through Web CRD.

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Key Dates

Effective Date
Published Date
1/1/2026
1/20/2026

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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