Nasdaq GEMX Establishes Co-Location Fees for NY11-5 Data Center Expansion Area
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Nasdaq GEMX, LLC filed a proposed rule change (SR-GEMX-2026-12) with the SEC on March 24, 2026, to establish fees for expanded co-location services at its Carteret, NJ data center. The proposal became immediately effective upon filing and was designated operative as of April 1, 2026. The changes extend previously available NY11-4 offerings into the new NY11-5 expansion area at identical pricing. The fee structure covers three service categories: Cabinet installation ($5,940 one-time fee, no monthly charge), Extension Area Power Circuit Offerings (installation fees of $3,600 for Phase 1 and $4,560 for Phase 3, with ongoing monthly fees ranging from $2,640 to $12,650.53 depending on amperage and phase), and Power Distribution Units or PDUs (installation fees of $4,100 for Phase 1, $5,260 for Phase 3, and $2,000 for Switch Monitored PDU Add-On, with no ongoing monthly fee). All proposed fees for NY11-5 are set at identical levels to their NY11-4 counterparts, on the basis that the two expansion areas share substantially similar infrastructure, power capabilities, and technical features. Customers are only charged once access to the NY11-5 space is actually provided. The SEC has a 60-day window to summarily suspend the rule change if deemed necessary in the public interest.
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Key Changes
- Cabinet offering extended from NY11-4 to NY11-5 with a one-time installation fee of $5,940 and no ongoing monthly fee, effective April 1, 2026
- Five Extension Area Power Circuit Offerings now available in NY11-5: Phase 1 installation fee $3,600; Phase 3 installation fee $4,560; monthly fees range from $2,640 (Phase 1 20A) to $12,650.53 (Phase 3 32A)
- Three PDU types introduced in NY11-5: Phase 1 ($4,100 install), Phase 3 ($5,260 install), Switch Monitored PDU Add-On ($2,000 install); no ongoing monthly fees for any PDU
+ 3 more changes with Pro
Obligations
What this law requires
Nasdaq GEMX must charge Cabinet installation fee of $5,940 (one-time) with no ongoing monthly fee for NY11-5 co-location services
Nasdaq GEMX must charge Extension Area Power Circuit Offerings installation fees of $3,600 for Phase 1 options and $4,560 for Phase 3 options in NY11-5
Nasdaq GEMX must charge ongoing monthly fees for Extension Area Power Circuit Offerings in NY11-5: Phase 1 20 amp at $2,640.00, Phase 1 32 amp at $4,224.00, Phase 1 40 amp at $5,280.00, Phase 3 20 amp at $7,906.58, and Phase 3 32 amp at $12,650.53
Nasdaq GEMX must charge PDU installation fees of $4,100 for Phase 1, $5,260 for Phase 3, and $2,000 for Switch Monitored PDU Add-On with no ongoing monthly fees for NY11-5
Nasdaq GEMX must only charge customers for NY11-5 co-location services once access to the NY11-5 space is actually provided