Nasdaq Tweaks Cabinet Connectivity Fee Structure
Published Date: 6/9/2026
Notice
Summary
Nasdaq is updating its rules to clearly include a new type of fiber connection called non-contiguous intrafirm cabinet connectivity and adjusting the fees for this service. This change affects firms using Nasdaq’s data center connections and takes effect immediately, helping them understand costs better and plan accordingly. No big money surprises here, just clearer rules and fairer fees starting now!
Analyzed Economic Effects
3 provisions identified: 1 benefits, 0 costs, 2 mixed.
New Monthly Fees for Cross-Connects
If you obtain non-contiguous intrafirm cabinet connectivity from Nasdaq, the Exchange proposes monthly fees of $385.00 for a single cross‑connect and bundled monthly pricing of $450.00 for 6 cross‑connects, $540.00 for 12, $630.00 for 18, and $720.00 for 24 cross‑connects; Nasdaq would not charge an installation fee. Nasdaq proposes to implement these fee changes on or about the second quarter of 2026.
Nasdaq Will Manage All Intrafirm Fiber
Beginning around the second quarter of 2026, Nasdaq 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 intrafirm cabinet fiber in those halls. This applies to non-contiguous connections that traverse shared data center space.
Rulebook Now Names Intrafirm Cabinet Service
Nasdaq will expressly list non-contiguous intrafirm cabinet connectivity as a subset of Fiber under Rule General 8, Section 1(b), putting the service and its pricing directly into the Exchange's connectivity fee schedule. The Exchange plans to implement this change on or about the second quarter of 2026 to make availability and pricing clearer for customers.
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Previous: 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.
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