The Securities and Exchange Commission announced that the Options Clearing Corporation (OCC) has filed a rule change to update its schedule of fees. This change, effective February 14, 2025, increases the per contract clearing fee from $0.02 to $0.025 and removes the flat per transaction fee of $55.00 for transactions of 2,751 or more contracts. The OCC states that this update is based on its need to address expected cash flow requirements considering interest rate forecasts, operating expenses, and other financial factors. Comments on this proposed rule change are being accepted until March 17, 2025.
Simple Explanation
The Options Clearing Corporation wants to change how much they charge to help handle trades. They will charge a tiny bit more per trade and stop one of the bigger fees for busy trading days, starting on February 14, 2025.