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.
Simple Explanation
Nasdaq BX, Inc. wants to wait a bit longer before starting a new way to charge a fee for trading options, so now they plan to start on June 1, 2025, and stop on December 1, 2025. They want people to say what they think about this change and you can see more details on their website.