# 2025-23817: Nasdaq PHLX Rolls Out New Port Fees After Upgrade

2025-23817, Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Options 7, Section 9, B, Port Fees, is a Federal Register notice from Securities and Exchange Commission published 2025-12-29, effective 2026-01-01 (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-23817
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-23817
- Title: Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Options 7, Section 9, B, Port Fees
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 90 FR 60781
- Published: 2025-12-29
- Effective: 2026-01-01
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

Nasdaq PHLX Rolls Out New Port Fees After Upgrade

## Summary

Nasdaq PHLX is updating its port fees for options trading starting January 1, 2026, right after a big tech upgrade on December 8, 2025. This change affects traders and firms using the Exchange’s systems, adjusting how much they pay to connect. The new fees kick in immediately, so everyone should get ready for the updated costs and rules.

## Effects PRIA read

- SQF and CTI Ports Sunsetting Early: cost, low. Nasdaq PHLX will sunset legacy SQF Ports, SQF Purge Ports, and CTI Ports earlier than planned — the sunset date moves from February 27, 2026 to January 1, 2026. The Exchange completed its migration on December 8, 2025 and says these legacy ports are no longer functional; members may return legacy S…
- FIX Port Fees Start January 1, 2026: cost, medium. As of January 1, 2026, Nasdaq PHLX will assess a FIX Port Fee based on each mnemonic associated with new and legacy FIX Ports. Legacy FIX Ports remain functional and will not be sunset until February 27, 2026; members may return legacy FIX Ports in December 2025 to avoid any fees or return them any…
- Free Duplicate Ports During Transition: benefit, low. During the Transition Period (November 1, 2025 through December 31, 2025) Nasdaq PHLX offered duplicate new SQF Ports, SQF Purge Ports, and CTI Ports at no cost so members could test and maintain connection while symbols migrated. These duplicate ports were provided at no charge to let members test…
- OTTO and FIX Drop Monthly Fees: cost, medium. Nasdaq PHLX began assessing OTTO Port Fees and FIX Drop Port Fees on November 1, 2025. The OTTO Port fee is $400 per port per month per mnemonic with a $4,000 monthly cap, and the FIX Drop Fee is $500 per port per month per account number.

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## Sources
- [2025-23817 on federalregister.gov](https://www.federalregister.gov/documents/2025/12/29/2025-23817/self-regulatory-organizations-nasdaq-phlx-llc-notice-of-filing-and-immediate-effectiveness-of)
- [2025-23817 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-12-29/pdf/2025-23817.pdf)

## Related
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- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-23817 (as of 2026-06-08).