Federal Register #SR-ISE-2026-40

Nasdaq ISE and MRX Propose Direct Administration of Intrafirm Cabinet Connectivity Services

This opportunity concerns a proposed rule change by Nasdaq ISE LLC and Nasdaq MRX LLC, published by the Securities and Exchange Commission (SEC), regarding intrafirm cabinet connectivity services in Nasdaq-operated data centers. - Government Buyer: - Securities and Exchange Commission (SEC) - Nasdaq ISE LLC and Nasdaq MRX LLC are the Exchanges proposing the rule change - OEMs and Vendors: - Nasdaq ISE LLC (primary OEM and service provider) - Nasdaq MRX LLC (also referenced as a provider) - Products/Services Requested: - Non-contiguous intrafirm cabinet connectivity service - Provides fiber cross-connections between non-adjacent cabinets licensed to the same customer within Nasdaq data center halls - No specific part numbers or quantities listed; service is described as ongoing infrastructure and administration - Unique or Notable Requirements: - All non-contiguous intrafirm cabinet connectivity must be obtained directly from Nasdaq; third-party provision is prohibited within the Exchange's data centers - Fee structure is revised to ongoing monthly charges with bundled pricing for multiple cross-connects; installation fees are eliminated - The new fees are positioned as lower than comparable NYSE offerings - The change is intended to enhance operational integrity, auditability, and standardization by centralizing administration under Nasdaq - Implementation is planned for the second quarter of 2026, with details to be announced via Nasdaq's Customer Portal

Description

Nasdaq ISE LLC proposes to amend Rule General 8 to expressly list non-contiguous intrafirm cabinet connectivity as a subset of Fiber connectivity and to amend the fees applicable to that service. The proposal requires all data center customers seeking non-contiguous intrafirm cabinet connectivity to obtain that connectivity from the Exchange, prohibiting third-party provision within the Exchange's data center halls. The change aims to enhance operational integrity, auditability, and consistent standards across the data center campus by placing connectivity components under Nasdaq's direct administration. The Exchange also proposes a new fee structure with ongoing monthly fees and bundled pricing for multiple cross-connects, eliminating installation fees for this service.

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