Nasdaq PHLX LLC, known as the Exchange, has filed a proposal with the Securities and Exchange Commission (SEC) to delay the implementation of a new Options Regulatory Fee (ORF) and its accompanying methodology. This delay pushes the start of the new ORF to June 1, 2025, and it will end on December 1, 2025. Additionally, starting March 1, 2025, the Exchange plans to revert its ORF to $0.0034 per contract side. The SEC is inviting public comments on this proposal, which aims to ensure the change aligns with regulations.
Simple Explanation
Nasdaq PHLX is asking for more time before starting a new fee for options trading that was supposed to begin soon. They plan to charge a small amount, $0.0034, each time someone trades an option, and want to make sure everything is set up right before it starts.