Federal Register #SR-NasdaqTX-2026-026

SEC Review: Nasdaq Texas, LLC Direct Data Center Fiber Connectivity Service Proposal

The Securities and Exchange Commission (SEC) is reviewing a proposed rule change from Nasdaq Texas, LLC regarding data center connectivity services. - Government Buyer: - Securities and Exchange Commission (SEC) - OEM/Vendor: - Nasdaq Texas, LLC (service provider and administrator) - Products/Services Requested: - Non-contiguous intrafirm cabinet fiber connectivity services within the Nasdaq Texas, LLC data center - Monthly service with bundled pricing: $385 for 1 cross-connect, $450 for 6, $540 for 12, $630 for 18, $720 for 24 cross-connects - No installation fee - Unique/Notable Requirements: - Service must be obtained directly from Nasdaq Texas, LLC; third-party providers are not permitted - Applies only to customers with multiple, non-adjacent cabinets within the exchange's data center - Centralized administration, monitoring, and auditing by Nasdaq Texas, LLC - No specific hardware, part numbers, or physical products are listed—this is a managed connectivity service - Implementation is planned for the second quarter of 2026, with the exact date to be announced via Nasdaq's Customer Portal.

Description

The Securities and Exchange Commission has filed a proposed rule change by Nasdaq Texas, LLC to amend Rule General 8 regarding intrafirm cabinet connectivity. The amendment expressly lists non-contiguous intrafirm cabinet connectivity as a subset of Fiber connectivity and changes the fee structure for this service. The proposal includes eliminating the option for custom installation pricing and instituting a monthly fee schedule with no installation fee. The change aims to enhance the integrity and oversight of the Exchange's data center connectivity infrastructure by centralizing administration and monitoring of the service.

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