# 2026-22959: Nasdaq PHLX Changes Fees and Removes an Extra Trading Credit

2026-22959, Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Exchange's Transaction Fees at Equity 7, Section 3, is a Federal Register notice from Securities and Exchange Commission published 2026-11-12, effective 2026-11-02; PRIA reads it as touching household money (as of 2026-11-12).

- Canonical: https://policyrisk.com/federal-register/2026-22959
- As of: 2026-11-12
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-22959
- Title: Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Exchange's Transaction Fees at Equity 7, Section 3
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 72939
- Published: 2026-11-12
- Effective: 2026-11-02
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-11-12

## In one line

Nasdaq PHLX Changes Fees and Removes an Extra Trading Credit

## Summary

Nasdaq PHLX is updating its transaction fees starting November 2, 2026. They’re simplifying how they reward members who add visible orders on Nasdaq PSX and removing an extra bonus credit. This change affects traders and firms using the exchange and aims to make fee credits clearer and fairer.

## Effects PRIA read

- Flat $0.0020 per-share displayed credit: cost, low. Starting November 2, 2026, Nasdaq PHLX will pay a flat credit of $0.0020 per share executed for displayed quotes/orders on Nasdaq PSX. The exchange is removing three higher volume tiers that previously paid $0.0030, $0.0032, and $0.0033 per share for member organizations that met monthly Consolidat…
- Removal of $0.00005 supplemental credit: cost, low. Effective November 2, 2026, Nasdaq PHLX will eliminate a supplemental credit of $0.00005 per share that had been paid for displayed quotes/orders when a member organization provided 0.10% or more of total Consolidated Volume in both the prior month and the current month.

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## Sources
- [2026-22959 on federalregister.gov](https://www.federalregister.gov/documents/2026/11/12/2026-22959/self-regulatory-organizations-nasdaq-phlx-llc-notice-of-filing-and-immediate-effectiveness-of-a)
- [2026-22959 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-11-12/pdf/2026-22959.pdf)

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

Source: PRIA, https://policyrisk.com/federal-register/2026-22959 (as of 2026-11-12).