# 2025-08458: Nasdaq MRX Boosts Options Fees Through Year's End

2025-08458, Self-Regulatory Organizations; Nasdaq MRX, LLC; 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/2025-08458
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-08458
- Title: Self-Regulatory Organizations; Nasdaq MRX, LLC; 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 20539
- 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 MRX Boosts Options Fees Through Year's End

## 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.

## Effects PRIA read

- Temporary ORF Increase May–Dec 2025: cost, low. 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: benefit, low. 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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## Sources
- [2025-08458 on federalregister.gov](https://www.federalregister.gov/documents/2025/05/14/2025-08458/self-regulatory-organizations-nasdaq-mrx-llc-notice-of-filing-and-immediate-effectiveness-of-a)
- [2025-08458 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-05-14/pdf/2025-08458.pdf)

## Related
- [Previous: 2025-08457, Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate…](https://policyrisk.com/federal-register/2025-08457)
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- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-08458 (as of 2026-06-08).