Federal Register #SR-ISE-2026-32

SEC Notice: Rule Changes by Nasdaq ISE, LLC and Cboe Exchange, Inc. for Connectivity, Market Data, and Clock Service

This notice details proposed rule changes by Nasdaq ISE, LLC and Cboe Exchange, Inc., as published by the Securities and Exchange Commission (SEC): - Government Buyer: - Securities and Exchange Commission (SEC), Division of Trading and Markets - OEMs and Vendors: - Nasdaq ISE, LLC (exchange operator) - Cboe Exchange, Inc. (exchange operator) - Products and Services Requested/Changed: - Removal of obsolete connectivity services by Nasdaq ISE, LLC: - 100MB, 1G, and 10G connectivity options for Metro NY/NJ, Toronto, and Chicago - Discontinuation of Cooling (Door) Fans and Power Consulting Service - Removal of market data feeds by Nasdaq ISE, LLC: - Nasdaq OpenBook Realtime, NYSE Alerts, NYSE Trades, Arca Trades, Arca BBO, AMEX-Ultra/Trades/Alerts/LRP, OPRA, CME, CBOE, BZX Depth, BYX Depth, EDGA Depth, EDGX Depth, TSX/TSXV, TSX and TSXV Level 1/2, TSX Quantum Level 1/2 - Access Fee per location device/user - Introduction of new Clock Service by Cboe Exchange, Inc.: - Provides precise time synchronization for participants via a 1 Gbps Physical Port using White Rabbit time signals - Includes a free trial and is available to both Members and non-Members - Unique or Notable Requirements: - Removal of services and feeds is due to lack of user demand or subscriptions - Clock Service is similar to offerings by MIAX Emerald, LLC and addresses demand for accurate time synchronization - Technical terminology updated from '110 volt' to '110/120 volt' to align with industry standards - No specific part numbers or purchase quantities are listed - Changes are intended to improve clarity and transparency of exchange fee schedules

Description

The Securities and Exchange Commission has filed a proposed rule change by Nasdaq ISE, LLC to amend Rule General 8 Connectivity. The amendment involves removing certain connectivity services and market data feeds that are no longer in use by customers, as well as updating terminology for certain technical specifications to align with industry standards. The changes aim to improve clarity and transparency of the Exchange's connectivity fee schedule without impacting current users, as the removed services have no active subscribers.

View original listing