Nasdaq Texas Quietly Jacks Up Trader Testing Fees Overnight
Published Date: 4/20/2026
Notice
Summary
Nasdaq Texas is raising fees by 10% for its Testing Facility connections, which help traders test their systems. If you connect to this service, expect to pay a bit more each month and a one-time installation fee. These changes took effect right away on April 10, 2026, so get ready to update your budgets!
Analyzed Economic Effects
4 provisions identified: 0 benefits, 3 costs, 1 mixed.
Monthly Testing Connection Fee Up 10%
If you subscribe to Nasdaq Texas's Testing Facility connections, the monthly hand-off fee rises 10% from $1,000 to $1,100 per hand-off per month. This change applies to the Testing Facility service described in Rule Options 7, Section 9.
Fee Changes Effective April 10, 2026
The Exchange filed the rule change on April 10, 2026 and the fee increases became effective that same day, April 10, 2026. Subscribers should update budgets and billing plans immediately to reflect the new $1,100 monthly and $1,100 installation fees.
One-Time Installation Fee Increased 10%
Nasdaq Texas raised the one-time installation fee for each Testing Facility hand-off by 10%, from $1,000 to $1,100 per hand-off. This is a one-time upfront charge charged under Rule Options 7, Section 9.
Fee Applies Uniformly to All Buyers
Nasdaq Texas states the 10% increase will apply uniformly to all market participants who choose to purchase the Exchange's connectivity products and services. The Exchange says the same fee schedule will apply regardless of membership status or other business with the Exchange.
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Key Dates
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