NYSE Tweaks Cash Deposits for Elite Data Center Power Reservations
Published Date: 10/1/2025
Notice
Summary
NYSE National is changing the rules for how much money traders need to put down when reserving power in their special data center spot. This update affects anyone using the Mahwah Data Center and takes effect right away, making the deposit process clearer and possibly easier. If you’re a trader relying on this space, keep an eye on your deposits starting now!
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
Triple deposit for large power orders
If you use the Mahwah Data Center and submit an order for more than 32 kW of power during an Ordering Window, you must now post a deposit equal to six months' worth of the monthly recurring cost of the power ordered instead of two months. This change took effect upon filing on September 25, 2025. For example, four firms that previously posted $17 million in deposits would have had to post $51 million under the new rule.
No change for small power orders
If you order 32 kW of power or less during an Ordering Window at the Mahwah Data Center, your deposit requirement stays at two months' worth of the monthly recurring cost and remains allocated in Step 2 before larger orders are considered. That deposit rule and allocation priority did not change in the September 25, 2025 filing.
Deposit applied to invoices and refundable
The filing preserves that deposits (whether two- or six-month amounts) will be applied to the User's first and subsequent monthly invoices after power delivery until the deposit is fully depleted. If a User withdraws its order during the Ordering Window, the deposit will be returned.
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