Nasdaq PHLX LLC: New Fee Schedule for Expanded Co-Location Services in NY11-5 Data Center
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Nasdaq PHLX LLC filed a proposed rule change (SR-Phlx-2026-16) with the SEC on March 24, 2026, effective April 1, 2026, to establish fees for expanded co-location services in the NY11-5 area of its Carteret, NJ data center. The new fees mirror existing fees already in place for the equivalent NY11-4 expansion area, covering three categories: Cabinet offerings, Extension Area Power Circuit Offerings, and Power Distribution Units (PDUs). For Cabinet installations in NY11-5, a one-time installation fee of $5,940 applies with no ongoing monthly fee. For Extension Area Power Circuit Offerings, installation fees are $3,600 for all Phase 1 options and $4,560 for Phase 3 options, with monthly fees ranging from $2,640 (Phase 1, 20A/240V) up to $12,650.53 (Phase 3, 32A/415V). PDU installation fees are $4,100 (Phase 1), $5,260 (Phase 3), and $2,000 (Switch Monitored Add-On), with no ongoing monthly charges. The Exchange justifies the fee structure by noting that NY11-5 offerings are technically identical to NY11-4 offerings, and that all fees apply uniformly to all market participants on a non-discriminatory basis. Customers are only charged once they receive access to their physical space.
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Key Changes
- Cabinet installation fee of $5,940 established for NY11-5 (no ongoing monthly fee); mirrors existing NY11-4 fee, effective April 1, 2026
- Extension Area Power Circuit installation fees set for NY11-5: $3,600 for all Phase 1 options; $4,560 for Phase 3 options
- Ongoing monthly fees for NY11-5 power circuits: Phase 1 20A/240V = $2,640; Phase 1 32A/240V = $4,224; Phase 1 40A/240V = $5,280; Phase 3 20A/415V = $7,906.58; Phase 3 32A/415V = $12,650.53
+ 3 more changes with Pro
Obligations
What this law requires
Nasdaq PHLX LLC must charge a one-time installation fee of $5,940 for Cabinet offerings in the NY11-5 data center expansion area, effective April 1, 2026
Nasdaq PHLX LLC must charge installation fees of $3,600 for all Phase 1 Extension Area Power Circuit Offerings and $4,560 for Phase 3 options in NY11-5, effective April 1, 2026
Nasdaq PHLX LLC must charge 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; Phase 3 32A/415V at $12,650.53, effective April 1, 2026
Nasdaq PHLX LLC must charge installation fees for Power Distribution Units in NY11-5 of $4,100 for Phase 1, $5,260 for Phase 3, and $2,000 for Switch Monitored Add-On, with no ongoing monthly charges
Nasdaq PHLX LLC must apply all co-location fees uniformly to all market participants on a non-discriminatory basis