2025-08850NoticeWallet

Nasdaq GEMX Adds Quick Data Delivery Tech Boost

Published Date: 5/19/2025

Notice

Summary

Nasdaq GEMX is rolling out a cool new option for traders: FPGA technology to deliver their Depth of Market data feed faster and more efficiently. This upgrade affects anyone using GEMX market data and kicks in right away, helping traders get info quicker without extra cost changes. It’s a smart move to keep GEMX users ahead in the fast-paced trading game!

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Optional FPGA Delivery for GEMX Feed

If you consume the Nasdaq GEMX Depth of Market Feed, the Exchange will offer an optional FPGA (field‑programmable gate array) delivery option beginning June 1, 2025. FPGA is a hardware delivery method that reduces “jitter” and increases determinism in data delivery, but the filing says it does not guarantee lower latency. Customers who do not purchase the FPGA option will receive the same Depth of Market data, and the Exchange will file a separate fee schedule for the FPGA service after the April 30, 2025 filing.

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Key Dates

Published Date
Effective Date
5/19/2025
6/1/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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