Nasdaq Texas Rolls Out Fees for TNO Cross-Connects
Published Date: 6/29/2026
Notice
Summary
Nasdaq Texas is setting new fees for its TNO Cross-Connect service, which helps telecom companies connect inside its data center. This change affects anyone using this service and starts right away, so users should be ready to pay these new charges. It’s all about keeping connections smooth and fair while making sure the Exchange covers its costs.
Analyzed Economic Effects
4 provisions identified: 1 benefits, 2 costs, 1 mixed.
New TNO Cross‑Connect Fees
Nasdaq Texas will charge a one-time installation fee of $550 and an ongoing monthly fee of $385 for each TNO Cross‑Connect starting on or about July 1, 2026. These fees apply to the Exchange‑managed cabling service inside Nasdaq’s data center that links telecommunications providers to Nasdaq customers.
Fees Charged Per Cross‑Connect
Nasdaq Texas treats each telco provider‑to‑customer link as a separate TNO Cross‑Connect; if a telco provides three separate cross‑connects for a single customer, each cross‑connect is charged the $550 installation fee (if a new order) and the $385 monthly fee. The fee basis is per connection, not per provider or per customer.
Nasdaq Fee Lower Than NYSE Comparable
The Exchange states its $385 monthly charge is $765 lower than NYSE’s comparable $1,150 monthly Carrier Connection Fee, or about 66.5% lower. Including the $550 installation fee, Nasdaq’s total first‑month cost would be $935, which the Exchange notes remains below NYSE’s $1,150 recurring monthly charge.
Installation Fee Only for New Orders
The $550 installation fee will be charged only to telco providers who submit new installation orders on or after the service implementation (on or about July 1, 2026). Telco providers with TNO Cross‑Connects already installed before that date will not be charged the installation fee but will begin paying the $385 monthly fee starting on the implementation date.
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
2026-12163 — The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS
The SEC wants to scrap some old rules that stop stocks from being traded at worse prices and prevent confusing market quotes. This change affects stock traders and exchanges, aiming to simplify trading and possibly speed things up. If you want to share your thoughts, you’ve got until August 17, 2026, so don’t miss out!
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!
2026-13090 — Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rule 15g-9
The SEC wants to keep penny stock trading safe by extending a rule that makes broker-dealers check if penny stock trades are right for their customers. About 162 broker-dealers who trade penny stocks must keep collecting info, giving clear warnings, and waiting two days before making trades. This extension keeps the rules steady with no new costs, and the SEC is asking for public comments before moving forward.
2026-13013 — Joint Industry Plan; Notice of Filing and Immediate Effectiveness of Amendment to the Plan To Address Extraordinary Market Volatility To Add Texas Stock Exchange LLC as a Participant
The Texas Stock Exchange (TXSE) is joining the Plan to Address Extraordinary Market Volatility starting July 2026. This means TXSE will help keep stock prices steady during wild market swings, just like other big exchanges. Traders and investors can expect smoother trading with TXSE on board, and the change takes effect immediately with no extra costs.
Previous / Next Documents
Previous: 2026-13016 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule General 8 Connectivity To Establish Fees for its TNO Cross-Connect Service
Nasdaq is setting new fees for its TNO Cross-Connect service, which helps telecom companies connect their cables inside Nasdaq’s data centers. This change affects telecom operators using Nasdaq’s facilities and starts right away, meaning they’ll now pay for this specific connection service. It’s a clear move to keep things fair and organized while covering costs.
Next: 2026-13018 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule General 8 Connectivity To Establish Fees for Its TNO Cross-Connect Service
Nasdaq PHLX is setting new fees for its TNO Cross-Connect service, which helps telecom companies connect inside its data center. This change affects anyone using this service and starts right away, meaning users will now pay for this connection. It’s a clear move to organize and charge for a key part of their network setup.