Federal Register #SR-GEMX-2026-29

Nasdaq GEMX, LLC Proposed Rule Change: Transaction Fee Amendments for Options Market Participants

This opportunity concerns a proposed rule change by Nasdaq GEMX, LLC, as published by the Securities and Exchange Commission (SEC): - Government buyer: Securities and Exchange Commission (SEC) - OEM/vendor: Nasdaq GEMX, LLC - Subject: Amendment to transaction fees at Options 7, Section 3, Note 18 - Tier 3 Penny Symbol Taker Fee increased from $0.43 to $0.47 per contract - Tier 4 Penny Symbol Taker Fee increased from $0.43 to $0.45 per contract - Applies to Market Makers and Non-Nasdaq GEMX Market Makers - No physical products or services are being procured; this is a fee schedule change for exchange participants - Notable requirements: - The fee changes are designed to incentivize Market Makers to remove liquidity on GEMX - The amendment aims to maintain competitiveness with other options markets - No purchase quantities or part numbers are involved, as this is a regulatory fee adjustment

Description

This notice pertains to a proposed rule change by Nasdaq GEMX, LLC to amend the exchange's transaction fees at Options 7, Section 3, Note 18. The amendment modifies the Tier 3 and Tier 4 Penny Symbol Taker Fees for Market Makers and Non-Nasdaq GEMX Market Makers, increasing the fees from $0.43 per contract to $0.47 and $0.45 per contract respectively. The change is effective immediately upon filing and aims to continue incentivizing Market Makers to remove liquidity on GEMX, thereby contributing to a robust market ecosystem. The proposal is intended to remain competitive with other options markets and is not expected to impose an undue burden on competition.

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