PHLX Pushes Back Fees: More Time for Options Traders
Published Date: 2/12/2025
Notice
Summary
Nasdaq PHLX is hitting the pause button on its new Options Regulatory Fee (ORF) plan, pushing the changes to June 1, 2025, and keeping them until December 1, 2025. Starting March 1, 2025, the ORF will go back to $0.0034 per contract side, giving traders a bit more breathing room. This delay affects anyone trading options on Nasdaq PHLX and means fees won’t change as quickly as planned.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 1 costs, 1 mixed.
New ORF Implementation Delayed
Nasdaq PHLX is delaying the planned new Options Regulatory Fee (ORF) and the new ORF methodology so those changes will now start on June 1, 2025 and end on December 1, 2025. This delay affects people and firms that trade options on Nasdaq PHLX because the planned fee changes will not take effect until June 1, 2025.
ORF Reverts to $0.0034 March 1
Effective March 1, 2025, Nasdaq PHLX will revert its Options Regulatory Fee to $0.0034 per contract side. If you trade options on Nasdaq PHLX, that is the per-contract ORF the Exchange proposes to charge starting March 1, 2025.
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