Nasdaq PHLX Adjusts 10Gb Fiber Connection Costs
Published Date: 12/1/2025
Notice
Summary
Nasdaq PHLX 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 the exchange’s data center using this high-speed fiber option. The update aims to keep fees clear and fair, with the new price kicking in right after the New Year.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
10Gb Ultra Monthly Fee Rises to $18,500
If your firm buys a 10Gb Ultra fiber connection to Nasdaq PHLX, the monthly fee increases from $16,500 to $18,500 per month, effective January 2, 2026. The one-time installation fee remains $1,650.
One Fee Covers Multiple Nasdaq Affiliates
A single 10Gb Ultra fiber connection lets you access multiple Nasdaq-affiliated exchanges (including Nasdaq Stock Market, Nasdaq Options Market, Nasdaq BX, Nasdaq PSX, PHLX Options, Nasdaq ISE, Nasdaq GEMX, Nasdaq MRX, and Nasdaq Bond Exchange) and only one monthly fee will apply per connection regardless of how many affiliates you access.
10Gb Ultra Is Optional and Offered Equally
The 10Gb Ultra fiber option is optional and will be offered to all customers at the same price; customers who do not want it can choose less expensive copper, lower-throughput fiber, or third-party vendor connections.
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
2026-10373 — Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222 — Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
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!
2026-11810 — Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Fees for Its New Clock Service
Cboe EDGX Exchange just rolled out a new Clock Service that helps users sync their time systems perfectly with the Exchange. Starting May 18, 2026, they’re charging fees for this service but also offering a free trial to get everyone on board. This affects both members and non-members who want precise timing for their trading activities.
2026-11812 — Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Fees for Its New Clock Service
Cboe EDGA Exchange just rolled out a new Clock Service to help traders sync their time systems perfectly. Starting May 18, 2026, users can try it for free, but after that, there will be fees for using this handy tool. This change affects anyone who wants precise timing for trading and keeps things running smoothly.
2026-11809 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Fees for Its New Clock Service
Cboe BZX Exchange just rolled out a new Clock Service that helps users sync their time systems with the Exchange’s for better accuracy. Starting May 18, 2026, they’re charging fees for this service but offering a free trial to get everyone started. This affects both members and non-members who want precise timing for their trading activities.
Previous / Next Documents
Previous: 2025-21640 — Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Introduce a Small Retail Broker Hosted Solutions Program and To Update the Existing Eligibility Requirements for the Small Retail Brokerage Distribution Program for the Cboe One Summary Feed and EDGX Top Data Feed
Cboe EDGX is rolling out a new Small Retail Broker Hosted Solutions Program and updating who can join their Small Retail Brokerage Distribution Program for key market data feeds. This change helps smaller brokers get better access to important stock market info, starting right away, with no extra fees announced. If you’re a small retail broker, this update could make your data game stronger and simpler.
Next: 2025-21642 — Options Price Reporting Authority; Notice of Filing and Immediate Effectiveness of Proposed Amendment To Modify the OPRA Fee Schedule Regarding Certain Direct Access Connectivity Fees
OPRA is updating its fee schedule to make direct access to options market data clearer and more transparent. This change affects anyone who pays for direct connections to OPRA’s data feeds, with fees adjusted starting immediately. The goal? To keep things fair and easy to understand while making sure the money side is crystal clear.