Nasdaq PHLX Rolls Out New Co-Location Service Fees
Published Date: 4/2/2026
Notice
Summary
Starting April 1, 2026, Nasdaq PHLX is rolling out new fees for its bigger and better co-location services at its Carteret, NJ data center. Traders and firms using these expanded spaces will see updated pricing to match the extra space and tech perks. This change helps Nasdaq keep up with demand and improve service speed, so get ready to budget for these fresh fees!
Analyzed Economic Effects
6 provisions identified: 2 benefits, 4 costs, 0 mixed.
Cabinet Installation Fee Set
If you colocate in the new NY11-5 area at Nasdaq PHLX's Carteret, NJ data center, there is a one-time Cabinet installation fee of $5,940. The Exchange is not proposing any ongoing monthly fee for that Cabinet offering in NY11-5, and the change is operative on April 1, 2026.
Power Circuit Installation Fees
For NY11-5, Nasdaq PHLX sets installation fees for Extension Area power circuits at $3,600 for all Phase 1 options and $4,560 for Phase 3 options. These installation fees mirror the fees charged in NY11-4 and are operative on April 1, 2026.
Ongoing Monthly Power Fees
Nasdaq PHLX sets ongoing monthly fees for NY11-5 power circuits as follows: Phase 1 20A 240V = $2,640.00; Phase 1 32A 240V = $4,224.00; Phase 1 40A 240V = $5,280.00; Phase 3 20A 415V = $7,906.58; Phase 3 32A 415V = $12,650.53. These monthly fees apply starting when customers are given access, with the offering operative on April 1, 2026.
PDU Installation Fees Established
For NY11-5, Nasdaq PHLX sets installation fees for power distribution units (PDUs) at $4,100 for Phase 1 PDUs, $5,260 for Phase 3 PDUs, and $2,000 for a Switch Monitored PDU Add On. The Exchange states these fees cover a primary and redundant PDU and mirror NY11-4 fees, effective April 1, 2026.
No Monthly Fee for PDUs
Nasdaq PHLX proposes that the ongoing monthly fee for Extension Area PDUs in NY11-5 will be $0. This matches NY11-4 practice and means colocating customers will not pay a monthly charge for PDUs in NY11-5, effective April 1, 2026.
Billing Starts When Access Provided
Nasdaq PHLX expects to provide access to NY11-5 on or about April 1, 2026, and customer orders will not be fee liable until customers are provided access to the space for immediate use. This delays when fees begin relative to the order date.
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