GEMX Hits Snooze on Options Fees: Steady Charges Through June
Published Date: 1/2/2026
Notice
Summary
Nasdaq GEMX is hitting the pause button on its new Options Regulatory Fee plan originally set for January 2, 2026. Instead, they’ll keep charging $0.0008 per contract side until July 1, 2026, giving everyone more time to adjust. This means traders and firms using GEMX options won’t see fee changes for the first half of 2026, keeping costs steady while the industry shifts gears.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
Temporary ORF Rate Increase to $0.0008
Effective January 2, 2026, GEMX will maintain its current ORF methodology but increase the ORF rate from $0.0002 to $0.0008 per contract side until the new methodology takes effect on July 1, 2026. Traders and firms executing options on GEMX will pay $0.0008 per contract side during this interim period.
New ORF Implementation Delayed
Nasdaq GEMX is delaying the planned new Options Regulatory Fee (ORF) methodology that was to take effect January 2, 2026, and will instead implement the new methodology on July 1, 2026. This gives GEMX market participants more time to design, test, and implement systems changes before the July 1, 2026 implementation date.
Sunset Date Removed (No Feb 1, 2026 Reversion)
GEMX is removing the February 1, 2026 sunset provision that would have allowed the exchange to revert to the prior ORF methodology and a $0.0009 per contract side rate. Because the sunset is removed, GEMX will not automatically revert on February 1, 2026 and will continue under the interim arrangements until July 1, 2026.
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Previous / Next Documents
Previous: 2025-24137, Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Concerning the Exchange's Options Regulatory Fee (ORF) Methodology Until July 1, 2026
Nasdaq PHLX is hitting the pause button on its new Options Regulatory Fee (ORF) plan originally set for January 2, 2026. Instead, they’ll keep charging the current fee of $0.0022 per contract side until July 1, 2026, giving everyone more time to adjust. This means traders and firms using the exchange won’t see fee changes for the first half of 2026.
Next: 2025-24139, Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Concerning the Exchange's Options Regulatory Fee (ORF) Methodology Until July 1, 2026
Nasdaq BX is hitting the pause button on its new Options Regulatory Fee plan, keeping the current fee of $0.0005 per contract side until July 1, 2026. This means traders and firms won’t see any fee changes for the first half of 2026 while the industry gets ready for the update. The delay also removes the previous deadline, giving everyone more time to adjust without extra costs.