# 2026-11805: Exchange Quietly Adjusts Options Fees Again

2026-11805, Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Options 7, Section 4 and 5, is a Federal Register notice from Securities and Exchange Commission published 2026-06-12, effective 2026-05-27; PRIA reads it as touching household money (as of 2026-06-19).

- Canonical: https://policyrisk.com/federal-register/2026-11805
- As of: 2026-06-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-11805
- Title: Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Options 7, Section 4 and 5
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 35722
- Published: 2026-06-12
- Effective: 2026-05-27
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-06-19

## In one line

Exchange Quietly Adjusts Options Fees Again

## Summary

Nasdaq ISE is updating its pricing rules for certain options trades, especially for special customer orders and index options. These changes affect traders using the Exchange by adjusting rebates and fees, aiming to keep things fair and competitive. The new rules took effect right away on May 27, 2026, so traders should check how these updates might impact their costs or earnings.

## Effects PRIA read

- Select-Symbol Complex Order Rebate Changes: mixed, low. The Exchange changed Priority Customer Complex Order rebates for Select Symbols: Tier 5 rebate increases from $0.46 to $0.49 per contract for members meeting the Tier 5 qualification (above 0.750%-0.900% of customer total consolidated volume). The Exchange also reduces Select Symbol rebates by $0.0…
- Tiered NDX/NDXP Surcharge by Premium: mixed, medium. For Nasdaq-100 index options (NDX and NDXP), the Exchange replaces a flat $1.50 per-contract surcharge for electronic simple Non-Priority Customer orders that remove liquidity with a premium-based tiered surcharge: $1.00 for premiums < $3.00; $1.50 for $3.00–<$10.00; $2.00 for $10.00–<$25.00; $2.50…

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## Sources
- [2026-11805 on federalregister.gov](https://www.federalregister.gov/documents/2026/06/12/2026-11805/self-regulatory-organizations-nasdaq-ise-llc-notice-of-filing-and-immediate-effectiveness-of)
- [2026-11805 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-06-12/pdf/2026-11805.pdf)

## Related
- [Previous: 2026-11804, Self-Regulatory Organizations; NYSE Texas, Inc.; Notice of Filing and Immediate…](https://policyrisk.com/federal-register/2026-11804)
- [Next: 2026-11806, Self-Regulatory Organizations; Nasdaq GEMX, LLC; Notice of Filing and Immediate…](https://policyrisk.com/federal-register/2026-11806)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-11805 (as of 2026-06-19).