Search Results for keywords:"Options Regulatory Fee"

Nasdaq BX, Inc. has filed a proposed rule change with the Securities and Exchange Commission to delay the implementation of a new Options Regulatory Fee (ORF) and its methodology, originally proposed in SR-BX-2024-054. This delay means the new fee and its methodology will now take effect on June 1, 2025, and will end on December 1, 2025. The proposal is immediately effective, and the public is invited to submit comments about it by March 3, 2025. For more details, the proposal is available on both Nasdaq BX's and the SEC's websites.

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.

NYSE American, LLC filed a proposal with the Securities and Exchange Commission (SEC) in November 2024 to change its Options Fee Schedule, specifically concerning the Options Regulatory Fee (ORF). The SEC published the proposed rule change in the Federal Register in December 2024. However, in January 2025, the SEC temporarily suspended this proposal and began proceedings to decide whether to approve or disapprove it. Subsequently, NYSE American withdrew the proposal later in January 2025.

The Securities and Exchange Commission has published a notice regarding a rule change proposed by NYSE American LLC. The exchange aims to modify its Options Fee Schedule by increasing the manual transaction fee for Specialists and e-Specialists from $0.30 to $0.50 per contract. Additionally, the exchange plans to remove outdated text about the Options Regulatory Fee and the NYSE FANG+ Index. The proposed changes are set to take immediate effect on March 7, 2025, and the public is invited to submit comments on the proposal until April 4, 2025.

Nasdaq MRX, LLC has proposed a rule change to the Securities and Exchange Commission to delay the implementation of a new Options Regulatory Fee (ORF) and its methodology until June 1, 2025, with a planned end date of December 1, 2025. This decision is intended to allow more time for the adjustments spotlighted in the earlier proposal SR-MRX-2024-45. The Commission is inviting public comments on this proposal, and submissions should reference file number SR-MRX-2025-05. Comments should be submitted by March 3, 2025, through the SEC's website or by email, and will be made publicly available online.

Nasdaq MRX, LLC has introduced a new approach for calculating the Options Regulatory Fee (ORF) starting January 1, 2025, which differentiates fees based on where trades occur. The revised system will exclude Market Makers from the ORF and categorize trades under different rates depending on whether they occur on MRX or other exchanges. This update aims to refine the collection of ORF to more precisely cover regulatory costs and ensure no overlap with fees charged by other exchanges. The new method will expire on July 1, 2025, after which the previous fee structure will resume.

The Securities and Exchange Commission (SEC) has temporarily suspended a proposed rule change by NYSE Arca, Inc., which aimed to waive the Options Regulatory Fee (ORF) for December 2024 and resume it at the same rate in January 2025. The SEC will determine whether to approve or disapprove this proposal, asking for public comments to ensure that the changes meet legal requirements and are fair to all involved parties. The proposal is under scrutiny as it could potentially lead to unfair fee structures or competition discrepancies. The SEC invites comments and insights on this matter to aid in their decision-making process.

The Securities and Exchange Commission (SEC) has announced a proposed rule change by NYSE Arca, Inc. The rule aims to modify the fee schedule for options trading by increasing the fee for manual transactions executed by Lead Market Makers from $0.30 to $0.50 per contract and removing outdated text concerning the Options Regulatory Fee. This change will take effect on March 7, 2025, and the SEC is inviting public comments on this proposal until April 7, 2025. Interested parties can submit their views electronically or via mail, ensuring that their submissions are identified with the file number SR-NYSEARCA-2025-23.

The NYSE Arca, Inc. has proposed a temporary waiver of the Options Regulatory Fee (ORF) for all transactions cleared in the Customer range at the Options Clearing Corporation from December 1, 2024, to December 31, 2024. This waiver is intended to ensure that the ORF collections do not exceed the exchange's regulatory costs, as high trading volumes have increased ORF collections beyond projections, despite a rate reduction. The ORF is set to resume at its current rate on January 1, 2025, and the exchange will monitor costs to decide if further adjustments are necessary. Additionally, the exchange aims to remove outdated fee schedule language for clarity.

The Securities and Exchange Commission (SEC) is reviewing a rule change proposed by NYSE American, LLC. The proposal suggests temporarily waiving the Options Regulatory Fee (ORF) for December 2024, aiming to prevent fee collections from exceeding regulatory costs. The fee would resume on January 1, 2025, at the same rate. The SEC temporarily suspended this proposal to allow more time for public feedback and further evaluation of its consistency with relevant laws and fairness in terms of fee allocation.