Self-Regulatory Organizations; Nasdaq ISE, 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 ISE is extending the termination date for its dedicated GPS antenna co-location service from April 1, 2026 to April 30, 2026. The service allows customers in the NY 11 data center in Carteret, NJ to synchronize their time-stamping systems with U.S. Government GPS atomic clock time. Due to delays in completing the new shared GPS antenna infrastructure (now finishing March 27, 2026 instead of March 1), the Exchange is giving customers an extra month to test the shared service before their dedicated antennas must be removed. Existing dedicated antenna customers will continue paying the $600 monthly fee until April 30, 2026 (prorated), but no new installation fees apply since new orders stopped in September 2025. The service remains completely voluntary.
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 fees 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 assessing and charging existing dedicated GPS antenna customers the monthly fee of $600.00 until April 30, 2026, with appropriate proration
Do not charge customers the installation fee for dedicated GPS antenna service during the extension period (after September 30, 2025)
Complete installation of new shared GPS antenna infrastructure by March 27, 2026
Allow customers to voluntarily terminate dedicated GPS antenna service at any time before April 30, 2026