Nasdaq PHLX Adjusts 10Gb Fiber Connection Costs
Published Date: 12/1/2025
Notice
Summary
Nasdaq PHLX 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 the exchange’s data center using this high-speed fiber option. The update aims to keep fees clear and fair, with the new price kicking in right after the New Year.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
10Gb Ultra Monthly Fee Rises to $18,500
If your firm buys a 10Gb Ultra fiber connection to Nasdaq PHLX, the monthly fee increases from $16,500 to $18,500 per month, effective January 2, 2026. The one-time installation fee remains $1,650.
One Fee Covers Multiple Nasdaq Affiliates
A single 10Gb Ultra fiber connection lets you access multiple Nasdaq-affiliated exchanges (including Nasdaq Stock Market, Nasdaq Options Market, Nasdaq BX, Nasdaq PSX, PHLX Options, Nasdaq ISE, Nasdaq GEMX, Nasdaq MRX, and Nasdaq Bond Exchange) and only one monthly fee will apply per connection regardless of how many affiliates you access.
10Gb Ultra Is Optional and Offered Equally
The 10Gb Ultra fiber option is optional and will be offered to all customers at the same price; customers who do not want it can choose less expensive copper, lower-throughput fiber, or third-party vendor connections.
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