Nasdaq Stock Market Revises 10Gb Fiber Fees
Published Date: 12/1/2025
Notice
Summary
Nasdaq is changing the price for its super-fast 10Gb Ultra Fiber connection to the exchange, starting January 2, 2026. This affects traders and firms who connect to Nasdaq’s data center using this fiber service, possibly changing their costs. The update is effective immediately but kicks in at the start of 2026, so everyone has time to prepare.
Analyzed Economic Effects
5 provisions identified: 3 benefits, 2 costs, 0 mixed.
10Gb Ultra Monthly Fee Increases
If you connect to Nasdaq using a 10Gb Ultra fiber link, the monthly fee increases from $16,500 to $18,500 starting January 2, 2026. The one-time installation fee stays $1,650.
Nasdaq Still Priced Below NYSE Alternatives
Even after the increase to $18,500/month, Nasdaq’s 10Gb Ultra fee is $3,500 per month less than NYSE’s $22,000 monthly charge for a comparable connection; Nasdaq’s installation fee ($1,650) is also lower than NYSE’s $15,000.
One Fee Covers Multiple Nasdaq Exchanges
A single 10Gb Ultra fiber connection is charged one monthly fee regardless of how many Nasdaq-affiliated exchanges it accesses. That one fee applies per 10Gb Ultra connection.
Latency-Sensitive Users Most Affected
The Exchange says the price increase will particularly impact customers that are latency sensitive and need larger-capacity connections, because those users consume more network resources and typically choose 10Gb Ultra links.
Cheaper Connectivity Alternatives Exist
If you do not want to buy a 10Gb Ultra connection at the new price, you can still connect via cheaper options like copper, lower-throughput fiber, non-ultra fiber, or third-party vendors.
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