# 2026-12256: Nasdaq ISE Reduces Options Trading Regulatory Fee

2026-12256, Self-Regulatory Organizations; Nasdaq ISE, 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/2026-12256
- As of: 2026-06-25
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-12256
- Title: Self-Regulatory Organizations; Nasdaq ISE, 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 36904
- 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 ISE Reduces Options Trading Regulatory Fee

## Summary

Starting July 1, 2026, Nasdaq ISE 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 ISE for options trading and aims to keep fees fair and clear. The new fee rules kick in right at the start of July, so get ready for some savings!

## Effects PRIA read

- Options fee cut per contract: benefit, low. If you trade options on Nasdaq ISE, the Options Regulatory Fee (ORF) will drop from $0.0092 to $0.0080 per contract side starting July 1, 2026. That is a reduction of $0.0012 for each contract side cleared on ISE and will reduce the per-contract fee you pay when using this exchange.
- ORF revenue capped at 82% of costs: benefit, medium. Beginning July 1, 2026, Nasdaq ISE will endeavor to ensure ORF Regulatory Revenue does not exceed 82% of its Options Regulatory Costs. This limit is intended to prevent the ORF from generating revenue that would exceed a material portion of the Exchange's options regulatory expenses.

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## Sources
- [2026-12256 on federalregister.gov](https://www.federalregister.gov/documents/2026/06/18/2026-12256/self-regulatory-organizations-nasdaq-ise-llc-notice-of-filing-and-immediate-effectiveness-of-a)
- [2026-12256 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-06-18/pdf/2026-12256.pdf)

## Related
- [Previous: 2026-12255, Self-Regulatory Organizations; Nasdaq MRX, LLC; Notice of Filing and Immediate…](https://policyrisk.com/federal-register/2026-12255)
- [Next: 2026-12257, Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing an…](https://policyrisk.com/federal-register/2026-12257)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-12256 (as of 2026-06-25).