# 2025-20683: Nasdaq PHLX Introduces Fees for New FIX Ports and Recovery Services

2025-20683, Self-Regulatory Organizations; Nasdaq PHLX LLC.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule Equity 7, Section 3 (Nasdaq PSX Fees) To Establish Port and Disaster Recovery Fees for Newly Added CORE FIX Entry Ports and Remove the Temporary Fee Waiver Language Pertaining to OUCH 5.0, is a Federal Register notice from Securities and Exchange Commission published 2025-11-24, effective 2025-09-25 (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-20683
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-20683
- Title: Self-Regulatory Organizations; Nasdaq PHLX LLC.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule Equity 7, Section 3 (Nasdaq PSX Fees) To Establish Port and Disaster Recovery Fees for Newly Added CORE FIX Entry Ports and Remove the Temporary Fee Waiver Language Pertaining to OUCH 5.0
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 90 FR 53010
- Published: 2025-11-24
- Effective: 2025-09-25
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

Nasdaq PHLX Introduces Fees for New FIX Ports and Recovery Services

## Summary

Nasdaq PHLX is updating its fees by adding charges for new CORE FIX entry ports and disaster recovery services. They’re also ending a temporary fee break for OUCH 5.0 users. These changes affect traders using these systems and start right away, so get ready to see some new fees on your bill!

## Effects PRIA read

- New CORE FIX Port Fees: cost, high. Nasdaq PHLX proposes a $400 per port per month production port fee and a $25 per port per month disaster recovery port fee for the newly added CORE FIX order entry protocol. The change is effective upon filing (filed September 25, 2025) and would apply to participants that choose to use CORE FIX po…
- Limited CORE FIX Fee Waivers: benefit, medium. The Exchange proposes temporary waivers tied to CORE FIX availability: a 30-day waiver of the CORE FIX production port fee for up to five newly added CORE FIX production ports, and a 30-day waiver of the $300 Testing Facility fee for up to five newly added CORE FIX testing ports. Both waivers are o…

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## Sources
- [2025-20683 on federalregister.gov](https://www.federalregister.gov/documents/2025/11/24/2025-20683/self-regulatory-organizations-nasdaq-phlx-llc-notice-of-filing-and-immediate-effectiveness-of)
- [2025-20683 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-11-24/pdf/2025-20683.pdf)

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- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-20683 (as of 2026-06-08).