2025-20544Notice

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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Key Dates

Effective Date
Published Date
9/30/2025
11/21/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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