Nasdaq PHLX Introduces Fees for New FIX Ports and Recovery Services
Published Date: 11/24/2025
Notice
Summary
Nasdaq PHLX is updating its fees by adding charges for new CORE FIX entry ports and disaster recovery services. They’re also ending a temporary fee break for OUCH 5.0 users. These changes affect traders using these systems and start right away, so get ready to see some new fees on your bill!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
New CORE FIX Port Fees
Nasdaq PHLX proposes a $400 per port per month production port fee and a $25 per port per month disaster recovery port fee for the newly added CORE FIX order entry protocol. The change is effective upon filing (filed September 25, 2025) and would apply to participants that choose to use CORE FIX ports.
Limited CORE FIX Fee Waivers
The Exchange proposes temporary waivers tied to CORE FIX availability: a 30-day waiver of the CORE FIX production port fee for up to five newly added CORE FIX production ports, and a 30-day waiver of the $300 Testing Facility fee for up to five newly added CORE FIX testing ports. Both waivers are offered only during a three-month window beginning on the date CORE FIX first becomes available (Exchange will announce that date), and a user may receive the 30-day waiver once per port up to the five-port limit.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Take It Personal
Get Your Personalized Policy View
Start a Free Government Policy Watch to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in