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Product LoginFriday, January 29, 2010
Options Trader Alert #2010 - 8
NASDAQ OMX PHLX Eliminates Minimum Charge for the Options Regulatory Fee
Markets Impacted:
- NASDAQ OMX PHLX
Contact Information:
- Transaction Services U.S. Market Sales at +1 800 846 0477
What you need to know:
- Effective Monday, February 1, 2010, NASDAQ OMX PHLX will eliminate the one-cent minimum charge per trade for the Options Regulatory Fee.
- Total monthly charges for the Options Regulatory Fee assessed in a given month will be rounded to the nearest $0.01.
What is changing?
Effective Monday, February 1, 2010, NASDAQ OMX PHLXSM (PHLX
What is the Options Regulatory Fee?
As announced in Options Trader Alert #2009-66, PHLX replaced the Registered Representative/Member Exchange/Off-Floor Trader fees with the Options Regulatory Fee (ORF) effective January 4, 2010. The ORF is a fee of $0.0035 per contract that is assessed for an executed or cleared contract that clears in the customer range at The Options Clearing Corporation (OCC).
Where can I find more information?
- Refer to the PHLX fee schedule for a complete list of current fees.
- Contact Transaction Services U.S. Market Sales at +1 800 846 0477.
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