Federal Register #SR-PHLX-2026-23

SEC Reviews Nasdaq PHLX LLC Fee Increase for Testing Facility Connectivity Services

This opportunity involves a proposed rule change overseen by the Securities and Exchange Commission (SEC) regarding Nasdaq PHLX LLC's Testing Facility connectivity services. - Government Buyer: - Securities and Exchange Commission (SEC), Division of Trading and Markets - OEM/Vendor: - Nasdaq PHLX LLC (primary OEM and service provider) - Products/Services Requested: - Testing Facility Connectivity Service: - Monthly hand-off connection to the Nasdaq PHLX Testing Facility (1Gb or 10Gb switch port and cross connect) - Fee increase from $1,000 to $1,100 per hand-off, per month - Testing Facility Installation Service: - One-time installation fee for hand-off connection - Fee increase from $1,000 to $1,100 per hand-off - Unique or Notable Requirements: - Fee adjustments are based on the Data Processing and Related Services Producer Price Index (NAICS 518210) to reflect inflation and technology investments since 2017 - The rule change aims to ensure equitable allocation of fees, maintain competitiveness, and support ongoing improvements to market technology and services - Place of Performance and Delivery: - Testing Facility located in Carteret, New Jersey - SEC Headquarters, Washington, DC (contracting office)

Description

Nasdaq PHLX LLC has filed a proposed rule change with the Securities and Exchange Commission to increase fees for certain connectivity services related to its Testing Facility in Carteret, New Jersey. The proposal includes a 10% increase in monthly hand-off fees and one-time installation fees, reflecting inflation and investments in technology enhancements since the last fee adjustment in 2017. The fee adjustment is based on the Data Processing and Related Services Producer Price Index to ensure equitable allocation and maintain competitiveness.

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