# 2026-22758: Nasdaq PHLX Aligns Its Rules With New Data Fees

2026-22758, Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Introduce Conforming Changes to Nasdaq Phlx Rules in Connection With the Establishment of Fees for Nasdaq TotalView Plus and Nasdaq Basic Plus, is a Federal Register notice from Securities and Exchange Commission published 2026-11-09; PRIA reads it as touching household money (as of 2026-11-11).

- Canonical: https://policyrisk.com/federal-register/2026-22758
- As of: 2026-11-11
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-22758
- Title: Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Introduce Conforming Changes to Nasdaq Phlx Rules in Connection With the Establishment of Fees for Nasdaq TotalView Plus and Nasdaq Basic Plus
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 70952
- Published: 2026-11-09
- Effective: unknown
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-11-11

## In one line

Nasdaq PHLX Aligns Its Rules With New Data Fees

## Summary

Nasdaq PHLX is updating its rules to set new fees for Nasdaq TotalView Plus and Nasdaq Basic Plus market data products. Some fees will be waived for firms that bundle certain data feeds, while others will see new monthly and consolidation fees. These changes take effect immediately, so firms using these data services should check their costs soon!

## Effects PRIA read

- Vendor fee waivers for consolidators: benefit, high. If your firm certifies that it will consolidate Nasdaq TotalView, Nasdaq Texas TotalView, and Nasdaq PSX TotalView for external redistribution, you can receive distributor fee waivers and reductions. The filing describes savings of $1,620 per month for Nasdaq Texas distributor fees, $1,390 per mont…
- PSX TotalView subscriber fee waiver: benefit, high. Firms that purchase Nasdaq TotalView Plus will have PSX TotalView subscriber fees waived. The filing specifies a waiver of monthly subscriber fees of $44.50 per Subscriber (operative January 1, 2026) for display or certain non-display usage, and $1.00 per Professional Subscriber per month.
- Nasdaq Basic Plus consolidation and admin fees: cost, high. Firms that receive Nasdaq Basic Plus (or Nasdaq Last Sale Plus) will pay the monthly administrative fees for PSX Last Sale and a data consolidation fee of $350 per month. The data consolidation fee of $350 per month applies to both Internal Distributors and External Distributors of Nasdaq Basic Plu…
- No increase for Phlx-only subscribers: benefit, low. Subscribers that purchase only a Phlx feed will continue to pay the same fees and will not see their Phlx feed fees increased by this proposal. The filing states that nothing in the proposal increases fees currently charged by Phlx for its data feeds.

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## Sources
- [2026-22758 on federalregister.gov](https://www.federalregister.gov/documents/2026/11/09/2026-22758/self-regulatory-organizations-nasdaq-phlx-llc-notice-of-filing-and-immediate-effectiveness-of)
- [2026-22758 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-11-09/pdf/2026-22758.pdf)

## Related
- [Previous: 2026-22757, Self-Regulatory Organizations; Nasdaq Texas, LLC; Notice of Filing and Immediat…](https://policyrisk.com/federal-register/2026-22757)
- [Next: 2026-22759, Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing an…](https://policyrisk.com/federal-register/2026-22759)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-22758 (as of 2026-11-11).