MRX Updates Intrafirm Fiber Connection Fees
Published Date: 6/9/2026
Notice
Summary
Nasdaq MRX is updating its rules to clearly include non-contiguous intrafirm cabinet connectivity as part of its fiber connectivity services and is changing the fees for this service. This affects firms using Nasdaq MRX’s network connections between their separate equipment cabinets. The new rule is effective immediately, so firms should check the updated fees and plan accordingly.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 1 costs, 2 mixed.
New Monthly Fees Replace Installation Charge
Nasdaq MRX proposes new fees for non-contiguous intrafirm cabinet cross-connects: $385.00 per month for a single cross-connect, and bundled monthly prices of $450.00 for 6, $540.00 for 12, $630.00 for 18, and $720.00 for 24 cross-connects. The Exchange would set the installation fee to $0; today the same service can be ordered as a standard Fiber connection with a $550 installation fee and no ongoing monthly fee.
Exchange Will Administer In-House Fiber
Nasdaq MRX will furnish, monitor, manage, inventory, and audit all non-contiguous intrafirm cabinet fiber connectivity within its data center halls, and third parties will no longer be permitted to provide that connectivity in those halls. This change is to take effect in connection with the Exchange's data center standardization around the second quarter of 2026.
Intrafirm Cabinet Connectivity Now Listed
Nasdaq MRX formally lists non-contiguous intrafirm cabinet connectivity as a subset of its Fiber connectivity under Rule General 8, Section 1(b). Customers would no longer be able to select that service under the Custom Installation option in Rule General 8, Section 1(d); the Exchange proposes implementation on or about the second quarter of 2026.
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Previous / Next Documents
Previous: 2026-11479, Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule General 8 Regarding Intrafirm Cabinet Connectivity
Nasdaq PHLX is updating its rules to clearly include non-contiguous intrafirm cabinet connectivity as part of its fiber services and is adjusting the fees for this service. This change affects firms using Nasdaq’s cabinet connections and takes effect immediately, helping them understand costs better and plan accordingly. No big money surprises, just clearer rules and fees starting now!
Next: 2026-11481, Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule General 8 Regarding Intrafirm Cabinet Connectivity
Nasdaq ISE is updating its rules to clearly include non-contiguous intrafirm cabinet connections as part of its fiber connectivity services and is adjusting the fees for this service. This change affects firms using Nasdaq’s cabinet space to connect their equipment and takes effect immediately, so they should review the new fee structure soon. It’s a smooth move to keep things clear and fair for everyone using these connections.