Nasdaq Dumps GPS Clocks: Time to Find Your Own Beat
Published Date: 11/21/2025
Notice
Summary
Nasdaq MRX is dropping its dedicated GPS antenna service that helped customers sync their servers’ clocks at its Carteret, NJ data center. This change affects anyone using the Exchange’s co-location services and takes effect immediately, with no extra fees or costs involved. It’s a smooth move to simplify services and keep things running efficiently.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
GPS Timing Service Fees Remain Relevant
The Exchange historically charged an installation fee of $900 and a monthly fee of $600 for the shared GPS connection, and an installation fee of $1,500 and a monthly fee of $600 for the dedicated connection. Firms that choose to use the shared GPS antenna will face the shared installation and monthly fees disclosed by the Exchange.
Dedicated GPS Antenna Removed
If your firm co-locates servers at Nasdaq MRX's NY11 data center and uses a dedicated GPS antenna, you can no longer order that dedicated service as of September 30, 2025. Service for existing dedicated GPS antennas will end and all dedicated antennas must be removed by April 1, 2026; firms may instead request the shared GPS antenna service.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-07651 — Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-10241 — Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the DTC Operational Arrangements (Necessary for Securities to Become and Remain Eligible for DTC Services)
The Depository Trust Company (DTC) is updating its rules to make it easier and clearer for agents handling corporate offers like tenders and subscriptions through its automated systems. This change affects companies and agents using DTC services to process these offers and starts right away with no extra costs. It’s all about smoother, faster, and more reliable processing for everyone involved!
2026-10244 — Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Exchange's Fee Schedule Applicable to Members Concerning Equities Transaction Pricing
Investors Exchange (IEX) is updating its fee schedule starting June 1, 2026. Members who trade stocks will see changes in how they qualify for rebates and fee discounts based on their trading volume. These tweaks aim to make fees fairer and encourage more trading activity on the exchange.
2026-10245 — Self-Regulatory Organizations; BOX Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 3120 To Increase the Position and Exercise Limits for Options on the iShares Bitcoin Trust ETF
BOX Exchange is raising the limits on how many options traders can hold and exercise for the iShares Bitcoin Trust ETF. This change lets bigger players trade more freely and takes effect immediately, matching similar moves by other exchanges. If you trade these options, get ready for bigger opportunities starting now!
2026-10129 — The Goldman Sachs Group, Inc.
Goldman Sachs is asking the SEC for special permission to create investment funds just for its employees, letting them skip some usual rules. This change mainly affects Goldman Sachs workers and could speed up how these funds work without changing important protections. If no one objects by June 12, 2026, the SEC will approve this request.
2026-10168 — Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 17a-2
The SEC is asking to keep the rules that require underwriters to keep records about certain stock market activities for three years. About 647 companies spend around 3,235 hours and $530,000 yearly to follow these rules. This extension keeps things running smoothly without adding new costs or changes.
Previous / Next Documents
Previous: 2025-20543 — Self-Regulatory Organizations; MIAX Sapphire, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the MIAX Sapphire Fee Schedule To Establish Fees and Rebates for the Trading Floor of the MIAX Sapphire Exchange
MIAX Sapphire Exchange is updating its fee schedule to add new fees and rebates for its physical trading floor in Miami. This change affects traders who use the trading floor and starts right away, aiming to keep things fair and clear. They also cleaned up some wording and tables to make the rules easier to follow.
Next: 2025-20545 — Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Remove the Exchange's Dedicated GPS Antenna Service Under General 8, Section 1(d)
Nasdaq ISE is dropping its special GPS antenna service that helped customers keep super-accurate time for their trading systems at its Carteret, NJ data center. This change affects anyone using the Exchange’s co-location services and takes effect right away, with no extra costs or fees involved. Basically, if you relied on their GPS timing, you’ll need to find another way to sync up your clocks.