Nasdaq MRX Expands Cabinets for High-Speed Trading Hubs
Published Date: 3/20/2026
Notice
Summary
Nasdaq MRX is boosting its co-location services by adding new cabinet options and power choices in its upcoming expansion space. This means traders and tech users who rent space close to the exchange’s servers will get more ways to customize their setups. The changes kicked in right after filing on March 5, 2026, with no immediate fee hikes announced.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
Existing NY11-4 Fees Shown; NY11-5 Fees TBD
The Exchange's fee table for NY11-4 shows a cabinet installation fee of $5,490 and an ongoing monthly fee listed as $550 per kVA; the Exchange will insert "/TBD" to indicate that installation and monthly fees for NY11-5 have yet to be determined and will be filed separately. The Exchange will file proposals to establish fees for cabinets, cabinet power, and PDUs in NY11-5.
NY11-5 Adds Cabinets, Power, and PDUs
The Exchange will introduce in its future expansion area NY11-5 the same cabinet option and additional services that are currently available in NY11-4. NY11-5 will offer five specific cabinet power options (Phase 1 20 amp 240 volt; Phase 1 32 amp 240 volt; Phase 1 40 amp 240 volt; Phase 3 20 amp 415 volt; Phase 3 32 amp 415 volt) and will offer Phase 1 and Phase 3 PDUs plus a Switch Monitored PDU Add On.
Pre-orders Allowed; No Charges Until Access
Customers may place orders for NY11-5 services in advance, but they will not be fee liable for those services until they are granted access to their NY11-5 spaces for immediate use. The Exchange anticipates opening NY11-5 during the first quarter of 2026 and the Commission designated the proposed rule change to be operative upon filing (filed March 5, 2026).
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