Nasdaq GEMX, LLC has proposed changes to its Options Regulatory Fee (ORF) structure starting January 1, 2025. These changes will involve different fees for trades conducted on GEMX and those executed on non-GEMX exchanges. The new structure aims to better distribute regulatory costs among different market participants, ensuring that the collected fees do not surpass 88% of the total regulatory costs. This proposal temporarily changes how fees are assessed and will revert to previous rates on July 1, 2025, unless further action is taken.
Simple Explanation
Nasdaq GEMX wants to change how it charges fees when people trade options, trying to make sure they don’t charge too much overall. But, some people are worried that these changes might not be fair for everyone, and the way these rules are explained can be really hard to understand.