2025-21637NoticeWallet

Nasdaq ISE Modifies Ultra Fiber Connection Prices

Published Date: 12/1/2025

Notice

Summary

Nasdaq ISE is changing the price for its super-fast 10Gb Ultra Fiber connection to the exchange, starting January 2, 2026. This affects traders and firms who connect to Nasdaq’s data center and could impact their costs for high-speed access. The new pricing kicks in right after the holidays, so get ready to adjust your budgets!

Analyzed Economic Effects

4 provisions identified: 2 benefits, 1 costs, 1 mixed.

10Gb Ultra Monthly Fee Rises to $18,500

If your firm uses a 10Gb Ultra fiber connection to Nasdaq ISE, the monthly fee increases from $16,500 to $18,500 starting January 2, 2026. The change raises your ongoing connectivity cost by $2,000 per month ($24,000 per year) for each 10Gb Ultra connection you maintain.

Nasdaq Fee Still Lower Than NYSE Comparable

Nasdaq ISE says the new $18,500/month 10Gb Ultra fee will remain lower than NYSE's comparable monthly fee of $22,000 and that Nasdaq's $1,650 installation fee is much lower than NYSE's $15,000 installation fee. This comparison highlights a cost advantage for firms choosing Nasdaq ISE's 10Gb Ultra connection versus NYSE's analogous offering.

One Fee Covers Multiple Nasdaq Affiliates

A single 10Gb Ultra monthly fee applies per connection regardless of how many Nasdaq affiliated exchanges you access (for example: Nasdaq Stock Market, Nasdaq Options Market, Nasdaq ISE, Nasdaq PSX, PHLX Options, and others). That same single monthly fee will continue to cover access to all listed Affiliate Exchanges through that one fiber connection.

Installation Fee Stays at $1,650

The one-time installation fee for a 10Gb Ultra fiber connection remains $1,650. Nasdaq ISE is not changing the installation charge while it increases the monthly fee.

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Key Dates

Published Date
Effective Date
12/1/2025
1/2/2026

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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