# 2026-12254: Nasdaq GEMX Lowers Options Regulatory Fee in July

2026-12254, Self-Regulatory Organizations; Nasdaq GEMX, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Exchange's Options Regulatory Fee (ORF), is a Federal Register notice from Securities and Exchange Commission published 2026-06-18, effective 2026-07-01; PRIA reads it as touching household money (as of 2026-06-25).

- Canonical: https://policyrisk.com/federal-register/2026-12254
- As of: 2026-06-25
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-12254
- Title: Self-Regulatory Organizations; Nasdaq GEMX, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Exchange's Options Regulatory Fee (ORF)
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 36896
- Published: 2026-06-18
- Effective: 2026-07-01
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-06-25

## In one line

Nasdaq GEMX Lowers Options Regulatory Fee in July

## 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!

## Effects PRIA read

- GEMX lowers options regulatory fee: benefit, low. 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: benefit, low. 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 c…
- ORF revenue capped at 82% of costs: benefit, low. 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: cost, low. 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.

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## Sources
- [2026-12254 on federalregister.gov](https://www.federalregister.gov/documents/2026/06/18/2026-12254/self-regulatory-organizations-nasdaq-gemx-llc-notice-of-filing-and-immediate-effectiveness-of-a)
- [2026-12254 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-06-18/pdf/2026-12254.pdf)

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

Source: PRIA, https://policyrisk.com/federal-register/2026-12254 (as of 2026-06-25).