Federal Register #SR-Phlx-2026-45

SEC Notice: Proposed Rule Change for Nasdaq PHLX LLC Intrafirm Cabinet Connectivity Services

This opportunity concerns a proposed rule change by Nasdaq PHLX LLC, as published by the Securities and Exchange Commission (SEC), affecting data center connectivity services: - Government buyer: Securities and Exchange Commission (SEC), referencing Nasdaq PHLX LLC as the service provider - OEM/vendor highlighted: Nasdaq PHLX LLC - Service requested: Non-contiguous intrafirm cabinet connectivity (Fiber) within Exchange data center halls - No specific products or part numbers listed - Service must be obtained directly from Nasdaq PHLX LLC; third-party providers are prohibited - Revised fee structure: - Monthly fee for single and bundled cross-connects - No installation fee - Notable requirements: - Centralized administration, inventory, and maintenance of connectivity - Enhanced integrity, auditability, and operational standards for data center infrastructure - Service applies uniformly to all customers requiring this connectivity

Description

This notice pertains to a proposed rule change by Nasdaq PHLX LLC to amend Rule General 8, specifically to expressly list non-contiguous intrafirm cabinet connectivity as a subset of Fiber connectivity and to amend the fees applicable to this service. The proposal requires all data center customers seeking non-contiguous intrafirm cabinet connectivity to obtain this service directly from the Exchange, prohibiting third-party providers within the Exchange's data center halls. The rule change aims to enhance the integrity, auditability, and operational standards of the Exchange's data center connectivity infrastructure by centralizing administration and maintenance under Nasdaq. The proposed fee structure includes an ongoing monthly fee with bundled pricing options and eliminates installation fees for this service.

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