Self-Regulatory Organizations; Nasdaq MRX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Extend the Designated Date for Removal of the Exchange's Dedicated GPS Antenna Service Under Rule General 8, Section 1(d)
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
Nasdaq MRX is extending the termination date for its dedicated GPS antenna co-location service from April 1, 2026 to April 30, 2026. The change is due to delays in completing the new shared GPS network infrastructure, originally scheduled for March 1 but now finishing March 27, 2026. Existing dedicated antenna customers will continue paying the $600 monthly fee (prorated) until April 30, 2026, while new installations have been prohibited since September 30, 2025. Customers may switch to the shared GPS antenna service or cancel at any time. The extension ensures sufficient testing time for the new shared service before dedicated antennas must be removed.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Extends dedicated GPS antenna service termination date from April 1, 2026 to April 30, 2026
- Customers continue paying $600 monthly recurring fee until April 30, 2026 (prorated)
- No installation fee charged during the extension period
+ 3 more changes with Pro
Obligations
What this law requires
Terminate dedicated GPS antenna service and remove all dedicated GPS antennas by April 30, 2026
Continue charging existing dedicated GPS antenna customers the monthly fee of $600.00 (prorated as appropriate) until April 30, 2026
Prohibit new orders for dedicated GPS antenna service as of September 30, 2025
Do not charge customers the installation fee for dedicated GPS antenna service during the extension period (from April 1, 2026 to April 30, 2026)
Permit existing dedicated GPS antenna customers to terminate service at any time before April 30, 2026