Federal Register #SR-NasdaqTX-2026-029

Nasdaq Texas Proposes Increase to Options Regulatory Fee (ORF) for NTX Options

This notice concerns a proposed rule change by Nasdaq Texas, LLC regarding the Options Regulatory Fee (ORF) for the NTX Options exchange. - Government buyer: - Securities and Exchange Commission (SEC) - Nasdaq Texas, LLC (NTX Options) as the regulated entity - No OEMs or commercial vendors are involved, as this is a regulatory fee change - Products/services requested: - No products or services are being procured; the notice pertains to a fee adjustment - Key details of the rule change: - Increase in the ORF rate from $0.0198 to $0.0200 per contract side - ORF applies to options transactions cleared by The Options Clearing Corporation (OCC) in the customer range - Fee is collected by OCC on behalf of NTX Options from both Participants and non-Participants for all customer transactions executed on NTX Options - Non-substantive amendment to clarify the ORF collection methodology - ORF Regulatory Revenue will not exceed 82% of Options Regulatory Costs - The change is filed for immediate effectiveness - No procurement, products, or services are being requested in this notice

Description

The Securities and Exchange Commission has published a notice regarding Nasdaq Texas, LLC's proposal to amend the exchange's Options Regulatory Fee (ORF). The proposed rule change includes an increase in the ORF rate from $0.0198 to $0.0200 per contract side effective July 1, 2026, and a non-substantive amendment to the rule text describing the ORF collection methodology. The ORF is assessed on options transactions cleared by The Options Clearing Corporation in the customer range and collected by OCC on behalf of NTX Options from Participants and non-Participants for all customer transactions executed on NTX Options. The proposal aims to ensure that ORF Regulatory Revenue does not exceed a material portion of Options Regulatory Costs and is filed for immediate effectiveness.

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