Nasdaq GEMX Updates Fees for Intrafirm Cabinet Connectivity
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
Nasdaq GEMX is updating its exchange rules to clearly treat non-adjacent intrafirm cabinet connections as a type of fiber connectivity and to revise the fees for that service. The change mainly affects exchange customers that lease multiple data cabinets at Nasdaq facilities and need physical connections between cabinets that are not next to each other. Compliance and operations teams should review the updated fee schedule and confirm whether their connectivity costs or budgeting assumptions change.
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Key Changes
- Classifies non-contiguous intrafirm cabinet connectivity as a subset of fiber connectivity under Nasdaq GEMX rules
- Updates the fees charged for this cabinet-to-cabinet connectivity service
- Applies to connections between non-adjacent cabinets licensed to the same customer
Obligations
What this law requires
Nasdaq GEMX members or customers using non-contiguous intrafirm cabinet connectivity must treat that service as a subset of Fiber connectivity under GEMX Rule General 8, Section 1(b), including for applicable exchange connectivity fee purposes.