Nasdaq Dumps Dedicated GPS for Time-Synced Traders
Published Date: 11/21/2025
Notice
Summary
Nasdaq PHLX is dropping its dedicated GPS antenna service that helped customers keep super-accurate time in its data center. This change affects traders and tech teams using the Exchange’s co-location services in Carteret, NJ, and it takes effect immediately with no extra fees or delays. Basically, if you relied on their GPS timing, you’ll need to find another way to sync up your clocks.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 1 costs, 1 mixed.
Dedicated GPS Antenna Option Ended
If you co-locate servers in Nasdaq PHLX’s NY11 data center in Carteret, NJ, the Exchange stopped taking orders for a dedicated GPS antenna as of September 30, 2025. Existing dedicated GPS antenna service will terminate on April 1, 2026, and all dedicated antennas must be removed by that date; customers may instead request the Exchange’s shared GPS antenna service.
GPS Timing Fees and Options
Nasdaq PHLX historically offered two GPS timing connection options: the shared connection had a $900 installation fee and a $600 monthly fee, while the dedicated connection had a $1,500 installation fee and a $600 monthly fee. Firms may purchase multiple time synchronization services for resiliency and may cancel the Service at any time.
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