ORF
- Sai Man Wong
The information below is a result of our efforts to understand the fee and to determine how it is assessed. Please let us know at support@propreports.com if anything is incorrect or if you can provide additional information.
What is the ORF Fee?
ORF stands for "Options Regulatory Fee" and is collected by The Options Clearing Corporation ("OCC") clearing members on behalf of U.S Option exchanges. Its stated purpose is to assist in offsetting exchange costs relating to the supervision and regulation of the options market (e.g., routine surveillance, investigations, and policy, rule-making, interpretive and enforcement activities).
How is it charged?
The ORF fee is a per contract rate applied to all listed options transactions cleared by the OCC. It is typically rounded up to the nearest penny.