# 2026-12257: Nasdaq Raises Options Fee for Traders Next Summer

2026-12257, Self-Regulatory Organizations; The Nasdaq Stock Market 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/2026-12257
- As of: 2026-06-25
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-12257
- Title: Self-Regulatory Organizations; The Nasdaq Stock Market 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 36925
- 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 Raises Options Fee for Traders Next Summer

## Summary

Starting July 1, 2026, Nasdaq is raising its Options Regulatory Fee (ORF), which affects traders who use Nasdaq’s options market. This means those trading options will pay a bit more in fees. The change is official now but kicks in next summer, so get ready for the new rates!

## Effects PRIA read

- ORF Rate Rises to $0.0200: cost, low. If you trade options on Nasdaq, the Options Regulatory Fee (ORF) will increase from $0.0157 to $0.0200 per contract side effective July 1, 2026. This means each options contract you trade on NOM will carry an extra $0.0043 fee per side starting that date.
- ORF Applies Only to On‑Exchange Customer Trades: benefit, medium. Under the new methodology effective July 1, 2026, customers will only pay ORF for transactions executed on Nasdaq (on-exchange) and will not pay ORF on away-market trades. The Exchange states that, because of this, overall customer transactions in the industry will be subject to a lower ORF under t…
- ORF Revenue Capped at 82% of Costs: benefit, low. Starting July 1, 2026, Nasdaq will endeavor to ensure that 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 revenue exceeds its projections.

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## Sources
- [2026-12257 on federalregister.gov](https://www.federalregister.gov/documents/2026/06/18/2026-12257/self-regulatory-organizations-the-nasdaq-stock-market-llc-notice-of-filing-and-immediate)
- [2026-12257 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-06-18/pdf/2026-12257.pdf)

## Related
- [Previous: 2026-12256, Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate…](https://policyrisk.com/federal-register/2026-12256)
- [Next: 2026-12258, Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate…](https://policyrisk.com/federal-register/2026-12258)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-12257 (as of 2026-06-25).