# 2025-08457: Nasdaq BX Temporarily Raises Options Regulatory Fees

2025-08457, Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Increase the Options Regulatory Fee (ORF) on a Temporary Basis and Discontinue the ORF Model Scheduled To Be Implemented in June 2025, is a Federal Register notice from Securities and Exchange Commission published 2025-05-14, effective 2025-05-01; PRIA reads it as touching household money (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-08457
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-08457
- Title: Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Increase the Options Regulatory Fee (ORF) on a Temporary Basis and Discontinue the ORF Model Scheduled To Be Implemented in June 2025
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 90 FR 20527
- Published: 2025-05-14
- Effective: 2025-05-01
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

Nasdaq BX Temporarily Raises Options Regulatory Fees

## Summary

Starting May 1, 2025, Nasdaq BX is temporarily raising the Options Regulatory Fee (ORF) for options traders and stopping a new fee model planned for June 2025. This fee hike lasts until December 31, 2025, after which the ORF will drop back to its original rate of $0.0005 per contract side. If you trade options on Nasdaq BX, expect to pay a bit more for now!

## Effects PRIA read

- Temporary Options Fee Increase: cost, low. If you trade options on Nasdaq BX, the Options Regulatory Fee (ORF) rises from $0.0005 to $0.0008 per contract side starting May 1, 2025. This temporary increase lasts until December 31, 2025, when the fee will revert to $0.0005 per contract side.
- June 2025 ORF Model Discontinued: benefit, low. Nasdaq BX will not implement the new ORF model that had been scheduled for June 1, 2025; the Exchange proposes to discontinue that June 2025 ORF model. The Exchange states no Participant would be subject to the June 2025 ORF as a result of this proposal.

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## Sources
- [2025-08457 on federalregister.gov](https://www.federalregister.gov/documents/2025/05/14/2025-08457/self-regulatory-organizations-nasdaq-bx-inc-notice-of-filing-and-immediate-effectiveness-of-a)
- [2025-08457 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-05-14/pdf/2025-08457.pdf)

## Related
- [Previous: 2025-08456, Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing an…](https://policyrisk.com/federal-register/2025-08456)
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- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-08457 (as of 2026-06-08).