Nasdaq Hikes Prices for Millisecond Trading Edges
Published Date: 4/2/2026
Notice
Summary
Nasdaq Texas is rolling out new fees starting April 1, 2026, for its expanded co-location services—where traders can place their computers super close to the exchange’s servers for faster trading. This change affects traders and firms using these data centers in New Jersey, who’ll now pay set prices for the extra space and services. It’s all about boosting speed and options, with clear costs to match the upgrade.
Analyzed Economic Effects
4 provisions identified: 0 benefits, 3 costs, 1 mixed.
Monthly Power Circuit Pricing
If you use ongoing Extension Area power circuits in NY11-5 (Carteret, NJ), monthly fees will be: Phase 1 20A 240V $2,640.00; Phase 1 32A 240V $4,224.00; Phase 1 40A 240V $5,280.00; Phase 3 20A 415V $7,906.58; Phase 3 32A 415V $12,650.53. These monthly charges are effective for NY11-5 when the Exchange provides access to the space (anticipated on or about April 1, 2026).
One-time Cabinet Installation Fee
If you colocate trading equipment in Nasdaq Texas's NY11-5 data center (Carteret, NJ), there is a one-time installation fee of $5,940 for the Cabinet offering and no ongoing monthly Cabinet fee. This fee applies when the Cabinet option becomes available in NY11-5, which the Exchange expects to make accessible on or about April 1, 2026.
Power Circuit Installation Fees
If you order Extension Area power circuits in NY11-5 (Carteret, NJ), installation fees will be $3,600 for all Phase 1 options and $4,560 for Phase 3 options. These installation fees mirror the existing NY11-4 fees and apply when the NY11-5 offerings are made available (the Exchange anticipates access on or about April 1, 2026).
PDU Installation Fees and No Monthly PDU Charge
For Power Distribution Units (PDUs) in NY11-5 (Carteret, NJ), installation fees will be $4,100 for Phase 1, $5,260 for Phase 3, and $2,000 for the Switch Monitored PDU Add On. The Exchange proposes an ongoing monthly fee of $0 for these PDUs, and customers will not be charged until they are given access to the space for immediate use (access expected on or about April 1, 2026).
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Key Dates
Department and Agencies
Related Federal Register Documents
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