2025-24138Notice

GEMX Hits Snooze on Options Fees: Steady Charges Through June

Published Date: 1/2/2026

Notice

Summary

Nasdaq GEMX is hitting the pause button on its new Options Regulatory Fee plan originally set for January 2, 2026. Instead, they’ll keep charging $0.0008 per contract side until July 1, 2026, giving everyone more time to adjust. This means traders and firms using GEMX options won’t see fee changes for the first half of 2026, keeping costs steady while the industry shifts gears.

Analyzed Economic Effects

3 provisions identified: 2 benefits, 1 costs, 0 mixed.

Temporary ORF Rate Increase to $0.0008

Effective January 2, 2026, GEMX will maintain its current ORF methodology but increase the ORF rate from $0.0002 to $0.0008 per contract side until the new methodology takes effect on July 1, 2026. Traders and firms executing options on GEMX will pay $0.0008 per contract side during this interim period.

New ORF Implementation Delayed

Nasdaq GEMX is delaying the planned new Options Regulatory Fee (ORF) methodology that was to take effect January 2, 2026, and will instead implement the new methodology on July 1, 2026. This gives GEMX market participants more time to design, test, and implement systems changes before the July 1, 2026 implementation date.

Sunset Date Removed (No Feb 1, 2026 Reversion)

GEMX is removing the February 1, 2026 sunset provision that would have allowed the exchange to revert to the prior ORF methodology and a $0.0009 per contract side rate. Because the sunset is removed, GEMX will not automatically revert on February 1, 2026 and will continue under the interim arrangements until July 1, 2026.

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Key Dates

Published Date
1/2/2026

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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