# 2025-21637: Nasdaq ISE Modifies Ultra Fiber Connection Prices

2025-21637, Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Modify the Price of a 10Gb Ultra Fiber Connection to the Exchange, is a Federal Register notice from Securities and Exchange Commission published 2025-12-01, effective 2026-01-02; PRIA reads it as touching household money (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-21637
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-21637
- Title: Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Modify the Price of a 10Gb Ultra Fiber Connection to the Exchange
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 90 FR 55230
- Published: 2025-12-01
- Effective: 2026-01-02
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

Nasdaq ISE Modifies Ultra Fiber Connection Prices

## Summary

Nasdaq ISE 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 and could impact their costs for high-speed access. The new pricing kicks in right after the holidays, so get ready to adjust your budgets!

## Effects PRIA read

- 10Gb Ultra Monthly Fee Rises to $18,500: cost, high. If your firm uses a 10Gb Ultra fiber connection to Nasdaq ISE, the monthly fee increases from $16,500 to $18,500 starting January 2, 2026. The change raises your ongoing connectivity cost by $2,000 per month ($24,000 per year) for each 10Gb Ultra connection you maintain.
- Installation Fee Stays at $1,650: mixed, low. The one-time installation fee for a 10Gb Ultra fiber connection remains $1,650. Nasdaq ISE is not changing the installation charge while it increases the monthly fee.
- One Fee Covers Multiple Nasdaq Affiliates: benefit, medium. A single 10Gb Ultra monthly fee applies per connection regardless of how many Nasdaq affiliated exchanges you access (for example: Nasdaq Stock Market, Nasdaq Options Market, Nasdaq ISE, Nasdaq PSX, PHLX Options, and others). That same single monthly fee will continue to cover access to all listed…
- Nasdaq Fee Still Lower Than NYSE Comparable: benefit, high. Nasdaq ISE says the new $18,500/month 10Gb Ultra fee will remain lower than NYSE's comparable monthly fee of $22,000 and that Nasdaq's $1,650 installation fee is much lower than NYSE's $15,000 installation fee. This comparison highlights a cost advantage for firms choosing Nasdaq ISE's 10Gb Ultra c…

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## Sources
- [2025-21637 on federalregister.gov](https://www.federalregister.gov/documents/2025/12/01/2025-21637/self-regulatory-organizations-nasdaq-ise-llc-notice-of-filing-and-immediate-effectiveness-of)
- [2025-21637 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-12-01/pdf/2025-21637.pdf)

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

Source: PRIA, https://policyrisk.com/federal-register/2025-21637 (as of 2026-06-08).