Nasdaq Stock Market LLC: Fee Schedule for Expanded Co-Location Services in NY11-5 Data Center
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The Nasdaq Stock Market LLC filed a proposed rule change (SR-NASDAQ-2026-021) with the SEC on March 24, 2026, effective immediately upon filing and operative as of April 1, 2026. The rule establishes fees for expanded co-location services in the new NY11-5 area of Nasdaq's Carteret, NJ data center, mirroring the existing fee structure already in place for the NY11-4 expansion area. For Cabinet offerings in NY11-5, a one-time installation fee of $5,940 is established with no ongoing monthly fee. For Extension Area Power Circuit Offerings, installation fees are set at $3,600 for all Phase 1 options and $4,560 for Phase 3 options, with ongoing monthly fees ranging from $2,640 (Phase 1, 20A/240V) to $12,650.53 (Phase 3, 32A/415V) depending on power capacity. For Power Distribution Units (PDUs) in NY11-5, installation fees are $4,100 for Phase 1, $5,260 for Phase 3, and $2,000 for the Switch Monitored PDU Add-On, with no ongoing monthly fees. Each PDU fee covers both a primary and a redundant unit. All fees are identical to those already charged for the same services in NY11-4. The Commission may summarily suspend this rule change within 60 days if deemed necessary in the public interest or for investor protection. Public comments are due by April 23, 2026.
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Key Changes
- Cabinet installation fee of $5,940 established for NY11-5 (no ongoing monthly fee), matching NY11-4 rates, effective April 1, 2026
- Extension Area Power Circuit installation fees set: $3,600 (Phase 1) and $4,560 (Phase 3) for NY11-5
- Ongoing monthly fees for power circuits in NY11-5: $2,640 (20A/240V Ph1), $4,224 (32A/240V Ph1), $5,280 (40A/240V Ph1), $7,906.58 (20A/415V Ph3), $12,650.53 (32A/415V Ph3)
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Obligations
What this law requires
Nasdaq must implement the NY11-5 co-location fee structure effective April 1, 2026, including Cabinet installation fee of $5,940, Extension Area Power Circuit installation fees of $3,600 (Phase 1) or $4,560 (Phase 3), and PDU installation fees of $4,100 (Phase 1), $5,260 (Phase 3), or $2,000 (Switch Monitored PDU Add-On)
Nasdaq must charge ongoing monthly fees for Extension Area Power Circuit Offerings in NY11-5 as follows: Phase 1 20A/240V at $2,640.00, Phase 1 32A/240V at $4,224.00, Phase 1 40A/240V at $5,280.00, Phase 3 20A/415V at $7,906.58, and Phase 3 32A/415V at $12,650.53
Nasdaq must maintain no ongoing monthly fees for Cabinet offerings in NY11-5
Nasdaq must ensure that each PDU fee covers both a primary and a redundant unit
The SEC may summarily suspend this rule change within 60 days from March 30, 2026 (by May 29, 2026) if deemed necessary in the public interest or for investor protection