Federal Register #SR-NASDAQ-2026-019

SEC Notice: Extension of Nasdaq Dedicated GPS Antenna Service Termination Date

This notice details a proposed rule change by The Nasdaq Stock Market LLC, overseen by the Securities and Exchange Commission (SEC), regarding the extension of its dedicated GPS antenna service for co-location customers: - Government Buyer: - Securities and Exchange Commission (SEC) - The Nasdaq Stock Market LLC (regulated entity) - OEMs and Vendors: - The Nasdaq Stock Market LLC (service provider) - Products/Services Requested: - Dedicated GPS Antenna Service - Enables co-location customers at the NY11 data center in Carteret, NJ, to synchronize time recording systems to the U.S. Government's GPS network time - Monthly fee: $600 during the extension period - No new installation fees during the extension - Service termination extended from April 1, 2026, to April 30, 2026 - Shared GPS Antenna Service (alternative) - Available at NY11, NY114, and NY115 data centers - Installation fee: $900; monthly fee: $600 - Unique or Notable Requirements: - The extension is intended to provide additional time for customers to transition to the new shared GPS antenna service due to infrastructure delays - The service is voluntary, and customers may terminate early - Approximately 49% of co-location customers currently subscribe to the dedicated service - The service is used for precise time synchronization, critical for timestamping transactional information - Place of Performance: - NY11 Data Center, Carteret, NJ (primary location for the dedicated GPS antenna service) - SEC headquarters in Washington, DC (regulatory oversight) - No procurement of new products or services is being solicited; this is a notice of a rule change affecting existing services.

Description

This notice from the Securities and Exchange Commission announces a proposed rule change by The Nasdaq Stock Market LLC to extend the termination date for its dedicated GPS antenna service. The extension moves the removal date from April 1, 2026, to April 30, 2026, allowing more time for customers to transition to a new shared GPS antenna service due to delays in infrastructure readiness. The dedicated GPS antenna service is used by co-location customers to synchronize time-stamping of transactions, and the extension aims to facilitate an orderly transition without imposing new installation fees during the extension period.

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