Nasdaq GEMX Adjusts Options Trading Fees and Rebates
Published Date: 12/9/2025
Notice
Summary
Nasdaq GEMX is updating its pricing for options trading, changing the fees and rebates for regular orders. This affects traders using GEMX starting November 13, 2025, and could impact how much they pay or earn when trading options. The changes are effective immediately, so everyone should check the new prices to stay ahead!
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Tier 4 Market Maker Rebate Increase
If you are a Market Maker on Nasdaq GEMX, the Tier 4 Penny Symbol Maker Rebate is increasing from $0.38 to $0.39 per contract. This change is effective on November 13, 2025 and applies to Market Makers trading penny symbols on GEMX.
New Priority Customer Volume Bonus Rebate
GEMX will pay an additional $0.01 per contract for each marginal contract of Customer added-liquidity executed above 2.00% of Monthly Customer Total Consolidated Volume (TCV) to Members, Affiliated Members, and Affiliated Entities eligible for the Tier 4 Priority Customer Maker Rebate for Penny Symbols. For example, if 2.00% of Monthly Customer TCV is 20,000,000 contracts, additional rebates would apply to contracts executed above 20,000,000; this incentive is effective November 13, 2025.
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