Nasdaq GEMX Lowers Options Regulatory Fee in July
Published Date: 6/18/2026
Notice
Summary
Starting July 1, 2026, Nasdaq GEMX is lowering its Options Regulatory Fee (ORF), which means traders will pay less when they trade options on this exchange. This change affects anyone using GEMX for options trading and aims to make fees fairer and simpler. The new fee rules kick in right at the start of July, so get ready for some savings!
Analyzed Economic Effects
4 provisions identified: 3 benefits, 1 costs, 0 mixed.
GEMX lowers options regulatory fee
Starting July 1, 2026, Nasdaq GEMX will lower its Options Regulatory Fee (ORF) from $0.0116 to $0.0100 per contract side. If you trade options on GEMX, each cleared customer contract will be charged the new lower rate beginning on that date.
Who GEMX bills for ORF clarified
GEMX states the ORF will be collected by the Options Clearing Corporation (OCC) on behalf of the Exchange from either (1) the Member that was the clearing firm for the transaction or (2) a non-Member that was the clearing firm where a Member was the executing firm. GEMX will bill according to the clearing instructions on the execution, will account for CMTA adjustments provided the same day on GEMX, and will not take into account CMTA changes or transfers that occur later at OCC.
ORF revenue capped at 82% of costs
Beginning July 1, 2026, GEMX will seek to ensure ORF Regulatory Revenue does not exceed 82% of its Options Regulatory Costs. The Exchange says it will monitor ORF revenue and amend the fee if it finds revenue would exceed its projections.
Which participants are subject to ORF
GEMX will assess ORF on customer transactions cleared by OCC in the customer ('C') range, including Priority Customers, Professional Customers, and Broker-Dealers that clear in the C range. ORF will be assessed and collected on all ultimately cleared customer contracts executed on GEMX.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-12163, The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS
The SEC wants to scrap some old rules that stop stocks from being traded at worse prices and prevent confusing market quotes. This change affects stock traders and exchanges, aiming to simplify trading and possibly speed things up. If you want to share your thoughts, you’ve got until August 17, 2026, so don’t miss out!
2026-10373, Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222, Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651, Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-15737, Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend FLEX Options Listing Rules
Nasdaq ISE is updating its FLEX Options rules to allow certain ETFs with high trading activity to use cash settlement. This change affects traders dealing with FLEX Equity Options on ETFs and kicks in right away, aiming to make trading smoother and more flexible. No new fees are mentioned, but the new rules set clear standards for when ETFs qualify or lose this cash settlement option.
2026-15732, Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend FLEX Electronic Options Listing Rules
Previous / Next Documents
Previous: 2026-12253, Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Provide the Exchange With Explicit Authority To Adjust the Issue Price of a ETP IPO Security for Purposes of Applying the Collar Price Range to an ETP IPO Auction
Cboe BZX Exchange just got the green light to tweak the starting price of new ETP IPOs during their special auctions. This change helps keep prices fair and within a set range, making the whole process smoother for investors and the market. The new rule is effective immediately, so expect quicker, clearer price setups for these new investment products.
Next: 2026-12255, Self-Regulatory Organizations; Nasdaq MRX, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Exchange's Options Regulatory Fee (ORF)
Starting July 1, 2026, Nasdaq MRX is lowering its Options Regulatory Fee (ORF), which means traders will pay less when they trade options on this exchange. This change affects anyone using Nasdaq MRX for options trading and aims to make fees friendlier without changing how fees are collected. The new fee kicks in right at the start of July, so get ready for some savings!