What is the Options Regulatory Fee and how is it calculated?

The Options Regulatory Fee (ORF) is an exchange fee which OCC (Options Clearing Corporation) collects from its clearing members, including us. 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). …

In the case of U.S. securities options, the OCC will automatically exercise any option that is in-the-money by at least $0.01 unless you provide contrary exercise instructions. For non-U.S. options, please refer to the…

In the case of U.S. securities options, the OCC will automatically exercise any option that is in-the-money by at least $0.01 unless you provide contrary exercise instructions. For non-U.S. options, please refer to the…

The prices which we use to mark U.S. listed securities options as of the close of business each day (both TWS and statements) originate from the Options Clearing Corporation (OCC). As the sole clearinghouse for these option products, OCC generates a closing price for each option contract in order to calculate the margin required of its members on whose behalf it clears transactions and also to supply the risk arrays used by brokers carrying portfolio margin accounts…