NYSE Arca Proposes New Methodology for Options Regulatory Fee (ORF) Assessment and Collection
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
NYSE Arca is changing how it assesses and collects the Options Regulatory Fee (ORF). Starting July 1, 2026, the ORF will only apply to Customer-range options transactions executed directly on the NYSE Arca exchange and cleared at OCC, rather than all Customer transactions regardless of execution venue. The exchange will continue using the current methodology until at least June 30, 2026. The current rate is $0.0026 per contract. This change aligns NYSE Arca with other U.S. options exchanges that have filed similar rule changes. The fee continues to recover only a material portion of regulatory costs related to supervising Customer options business.
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Key Changes
- Effective July 1, 2026, ORF will only be assessed on Customer options transactions executed on NYSE Arca (not on other exchanges)
- Current methodology continues until at least June 30, 2026
- ORF rate remains $0.0026 per contract until a separate rate filing is submitted
+ 3 more changes with Pro
Obligations
What this law requires
NYSE Arca must assess the Options Regulatory Fee (ORF) only for options transactions executed directly on the NYSE Arca exchange and cleared in the Customer range at The Options Clearing Corporation (OCC), effective July 1, 2026
NYSE Arca must continue using the current ORF methodology until at least June 30, 2026
NYSE Arca must delay implementation of the new ORF methodology if all U.S. options exchanges have not filed to modify their ORF assessment methodologies by April 1, 2026, and continue collecting ORF under current methodology until such time as all exchanges adopt similar methodology
NYSE Arca must file a separate rule change with the SEC specifying the ORF rate effective July 1, 2026, in advance of implementing the new assessment methodology
NYSE Arca must provide at least 30 days' notice of any applicable ORF rate change via Trader Update prior to the effective date