Nasdaq Axes GPS Antenna: Co-Located Traders Lose Perfect Timing
Published Date: 11/21/2025
Notice
Summary
Nasdaq is dropping its special GPS antenna service that helps traders keep perfect time in its Carteret, NJ data center. This change affects customers who co-locate their servers there, but it won’t cost them extra or cause delays. The update is effective immediately, so everyone should plan accordingly!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Dedicated GPS Antenna Option Removed
If you colocate servers at Nasdaq's NY11 data center and use a dedicated GPS antenna, you can no longer order that dedicated service as of September 30, 2025. Existing dedicated service will terminate and all dedicated GPS antennas must be removed by April 1, 2026; customers may instead request the shared GPS antenna service.
Shared GPS Service Continues; Fees Listed
Nasdaq will continue to offer the shared GPS antenna service at NY11; the historical installation fee for the shared connection is $900 and the monthly fee is $600. The filing also notes that the dedicated connection had an installation fee of $1,500 and a monthly fee of $600, and that firms may buy multiple time synchronization services for resiliency.
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Nasdaq PHLX is dropping its dedicated GPS antenna service that helped customers keep super-accurate time in its data center. This change affects traders and tech teams using the Exchange’s co-location services in Carteret, NJ, and it takes effect immediately with no extra fees or delays. Basically, if you relied on their GPS timing, you’ll need to find another way to sync up your clocks.