Federal Register #SR-NASDAQ-2026-041

Nasdaq Options Market Ports Fee Rule Change Notice

This notice concerns a proposed rule change by The Nasdaq Stock Market LLC regarding ports fees for the Nasdaq Options Market (NOM) during a technology migration: - Government buyer: - Securities and Exchange Commission (SEC) - OEM/vendor: - The Nasdaq Stock Market LLC - Products/services requested: - No procurement of products or services; this is a regulatory notice about fee changes - Key details: - Nasdaq proposes to allow NOM Participants to acquire a second set of ports (including FIX Ports, SQF Ports, SQF Purge Ports, OTTO Ports, CTI Ports, Depth of Market Feed Ports, and Top of Market Feed Ports) at no additional cost during the migration period - Legacy ports will be sunset after the migration - Fees will only apply to ports beyond the legacy quantities - The change is intended to facilitate a smooth technology transition without extra costs for pre-production ports - No specific products, part numbers, or purchase quantities are requested, as this is not a procurement opportunity

Description

The Nasdaq Stock Market LLC filed a proposed rule change with the Securities and Exchange Commission to amend ports fees in connection with a technology migration scheduled to commence on July 27, 2026. The proposal allows NOM Participants to acquire a second set of ports at no additional cost during the transition period to facilitate migration to a new technology platform. Legacy ports will be sunset on specified dates after the migration, and fees will be assessed for additional ports beyond the legacy quantities. The change aims to ensure continuous connection and testing during the migration without imposing additional fees on participants for pre-production ports.

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