Nasdaq MRX Boosts Options Fees Through Year's End
Published Date: 5/14/2025
Notice
Summary
Starting May 1, 2025, Nasdaq MRX is temporarily raising its Options Regulatory Fee (ORF) to collect more money for oversight, but this increase will end on December 31, 2025, when fees drop back down. Also, the new ORF model planned for June 2025 is being scrapped, so traders won’t see that change. This affects anyone trading options on Nasdaq MRX and means a short-term bump in fees before things go back to normal.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Temporary ORF Increase May–Dec 2025
Starting May 1, 2025, Nasdaq MRX increases its Options Regulatory Fee (ORF) from $0.0004 to $0.0010 per contract side. This temporary higher fee will end on December 31, 2025, when the ORF will revert to $0.0004 per contract side.
June 2025 ORF Model Discontinued
Nasdaq MRX will not implement the new ORF model that had been scheduled for June 1, 2025. The Exchange will continue to assess ORF under its existing methodology and may file a future proposal describing any revamped ORF model.
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Previous: 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
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!
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