Nasdaq MRX Sets New Prices for Data Center Links
Published Date: 6/29/2026
Notice
Summary
Nasdaq MRX is setting new fees for its TNO Cross-Connect service, which helps telecom companies connect to Nasdaq’s data center. This change affects anyone using this service and starts right away, meaning users should expect to pay these new fees from now on. It’s a clear move to keep connectivity smooth and fair while covering costs.
Analyzed Economic Effects
4 provisions identified: 1 benefits, 3 costs, 0 mixed.
Per-connection Installation and Monthly Fees
If you are a telecommunications network operator (TNO) connecting to Nasdaq’s data center, Nasdaq MRX will charge a $550 one-time installation fee and a $385 ongoing monthly fee for each telco-provider-to-customer cross-connect. If a telco provides multiple cross-connects for a single customer, each cross-connect is a separate charge.
Nasdaq Fees Compared to NYSE Offerings
Nasdaq MRX states its proposed $385 monthly fee is lower than a comparable NYSE Carrier Connection fee of $1,150 per connection; Nasdaq says its fee is $765 lower per month (about 66.5% lower). Including the $550 installation fee, Nasdaq states the first-month total would be $935, which it says remains below NYSE's $1,150 recurring monthly charge.
Mandatory Use of Exchange Connectivity for Nasdaq Customers
The filing states that all TNOs seeking to offer services to Nasdaq data center customers must use the Exchange’s TNO Cross-Connect connectivity and will be subject to the same fees and service requirements. The fees apply uniformly and the Exchange does not differentiate among TNOs.
Implementation Timing and Who Pays Installation Fee
Nasdaq MRX plans to start charging the new fees on or about July 1, 2026. The $550 installation fee will only be charged to telco providers who submit new orders for installation on or after the implementation date; telco providers with TNO Cross-Connects already installed as of that date will not be charged the installation fee but will be assessed the $385 monthly fee starting on implementation.
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Previous / Next Documents
Previous: 2026-13019 — Self-Regulatory Organizations; Nasdaq GEMX, 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 GEMX is setting new fees for its TNO Cross-Connect service, which helps telecom companies connect to 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 keep things fair and organized in how connections are managed and billed.
Next: 2026-13021 — Self-Regulatory Organizations; Nasdaq ISE 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 ISE is setting new fees for its TNO Cross-Connect service, which helps telecom companies connect inside its data centers. This change affects anyone using this service and starts right away, so users should be ready for the new costs. It’s all about keeping connections smooth and fair while making sure the Exchange covers its costs.