Nasdaq Dumps GPS Clocks: Time to Find Your Own Beat
Published Date: 11/21/2025
Notice
Summary
Nasdaq MRX is dropping its dedicated GPS antenna service that helped customers sync their servers’ clocks at its Carteret, NJ data center. This change affects anyone using the Exchange’s co-location services and takes effect immediately, with no extra fees or costs involved. It’s a smooth move to simplify services and keep things running efficiently.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
GPS Timing Service Fees Remain Relevant
The Exchange historically charged an installation fee of $900 and a monthly fee of $600 for the shared GPS connection, and an installation fee of $1,500 and a monthly fee of $600 for the dedicated connection. Firms that choose to use the shared GPS antenna will face the shared installation and monthly fees disclosed by the Exchange.
Dedicated GPS Antenna Removed
If your firm co-locates servers at Nasdaq MRX's NY11 data center and uses a dedicated GPS antenna, you can no longer order that dedicated service as of September 30, 2025. Service for existing dedicated GPS antennas will end and all dedicated antennas must be removed by April 1, 2026; firms may instead request the shared GPS antenna service.
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