# 2026-11816: Options Traders Get Another Fee Schedule Fine-Tuned by Nasdaq

2026-11816, Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Options 7, Section 4, is a Federal Register notice from Securities and Exchange Commission published 2026-06-12, effective 2026-05-26; PRIA reads it as touching household money (as of 2026-10-28).

- Canonical: https://policyrisk.com/federal-register/2026-11816
- As of: 2026-10-28
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-11816
- Title: Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Options 7, Section 4
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 35718
- Published: 2026-06-12
- Effective: 2026-05-26
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-10-28

## In one line

Options Traders Get Another Fee Schedule Fine-Tuned by Nasdaq

## Summary

Nasdaq PHLX is updating its fees for certain options trading, especially for non-penny symbols traded on the floor. This change affects traders using multiply listed options like equities, ETFs, and indexes (but not SPY or broad-based indexes). The new fees kick in right away, so traders should be ready for a slight cost change starting June 2026.

## Effects PRIA read

- Floor Market-Maker Fee Increase: cost, medium. If you are a Lead Market Maker or a Market Maker transacting non‑penny multiply‑listed options on the Phlx trading floor, the floor transaction charge increases from $0.50 to $1.00 per contract (a $0.50 per‑contract increase). This change applies to Non‑Penny Multiply Listed Options (excludes SPY a…
- New Floor Broker $0.20 Rebate: benefit, low. Floor Brokers will receive a $0.20 per contract rebate for open‑outcry floor executions that trade contra to a Lead Market Maker or Market Maker, paid in lieu of any Floor Broker Incentive Program rebate. The $0.20 rebate is payable even if those contracts are subject to the Broker‑Dealer Transacti…
- Tier 4 Floor Broker Rebate Cut: cost, low. The Tier 4 Floor Broker Incentive Program per‑contract rebate for non‑customer contracts on both sides is reduced from $0.22 to $0.20 for qualifying volume. Tier 4 applies to volume greater than 10,000,000 contracts, and the change affects Floor Brokers who earn Tier 4 rebates on open‑outcry multip…

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## Sources
- [2026-11816 on federalregister.gov](https://www.federalregister.gov/documents/2026/06/12/2026-11816/self-regulatory-organizations-nasdaq-phlx-llc-notice-of-filing-and-immediate-effectiveness-of)
- [2026-11816 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-06-12/pdf/2026-11816.pdf)

## Related
- [Previous: 2026-11815, Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate…](https://policyrisk.com/federal-register/2026-11815)
- [Next: 2026-11817, Self-Regulatory Organizations; Nasdaq Texas, LLC; Notice of Filing and Immediat…](https://policyrisk.com/federal-register/2026-11817)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-11816 (as of 2026-10-28).