# 2025-21638: Nasdaq MRX Hikes Price on Ultra-Fast Fiber Links

2025-21638, Self-Regulatory Organizations; Nasdaq MRX, 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/2025-21638
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-21638
- Title: Self-Regulatory Organizations; Nasdaq MRX, 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 55190
- 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 MRX Hikes Price on Ultra-Fast Fiber Links

## Summary

Nasdaq MRX 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 MRX’s data center and could impact their costs for speedy market access. The new pricing kicks in right after the New Year, so get ready to adjust your budgets!

## Effects PRIA read

- 10Gb Ultra Monthly Fee Rises to $18,500: cost, high. If you buy a 10Gb Ultra fiber connection to Nasdaq MRX, the ongoing monthly fee increases from $16,500 to $18,500 per month starting January 2, 2026. The installation fee remains $1,650.
- One Fee Covers Multiple Nasdaq Affiliates: benefit, medium. One 10Gb Ultra fiber connection and its single monthly fee lets you access Nasdaq MRX plus listed affiliated exchanges (for example, Nasdaq Stock Market, Nasdaq Options Market, Nasdaq BX, and others) without paying an extra monthly fee per affiliate. That single-fee rule continues under the proposa…
- MRX Price Still Lower Than NYSE Alternative: benefit, high. Even after the increase to $18,500 per month, Nasdaq MRX says its 10Gb Ultra monthly fee is lower than NYSE's comparable monthly fee of $22,000 and that MRX's installation fee of $1,650 is lower than NYSE's $15,000 installation fee. This comparison may affect firms choosing between exchange connect…

## Related documents

- [2026-20466](https://policyrisk.com/federal-register/2026-20466): Adviser and Regulated Fund Custody Rules; Crypto Custody Rules, 2026-10-06
- [2026-19260](https://policyrisk.com/federal-register/2026-19260): Rescission of Rule 14a-8's Federal Regulation of Shareholder Proposals and Amendments to Rule 14a-4, 2026-09-21
- [2026-18424](https://policyrisk.com/federal-register/2026-18424): Political Contributions by Certain Investment Advisers, 2026-09-10
- [2026-18190](https://policyrisk.com/federal-register/2026-18190): Transfer Agent Rules, 2026-09-04
- [2026-17183](https://policyrisk.com/federal-register/2026-17183): Regulation Crypto Assets, 2026-08-21
- [2026-12163](https://policyrisk.com/federal-register/2026-12163): The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS, 2026-06-17

## Sources
- [2025-21638 on federalregister.gov](https://www.federalregister.gov/documents/2025/12/01/2025-21638/self-regulatory-organizations-nasdaq-mrx-llc-notice-of-filing-and-immediate-effectiveness-of)
- [2025-21638 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-12-01/pdf/2025-21638.pdf)

## Related
- [Previous: 2025-21637, Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate…](https://policyrisk.com/federal-register/2025-21637)
- [Next: 2025-21639, Self-Regulatory Organizations; Nasdaq GEMX, LLC; Notice of Filing and Immediate…](https://policyrisk.com/federal-register/2025-21639)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-21638 (as of 2026-06-08).