Federal Register #SR-Phlx-2026-53

Nasdaq PHLX LLC Rule Change: Removal of Obsolete Market Data Connectivity Offerings

The Securities and Exchange Commission (SEC) has published a notice regarding a proposed rule change from Nasdaq PHLX LLC to update its connectivity schedule. - Government Buyer: - Securities and Exchange Commission (SEC) - Nasdaq PHLX LLC (Exchange submitting the rule change) - OEMs and Vendors: - Nasdaq PHLX LLC (primary OEM and vendor) - Products/Services Affected: - Removal of fiber optic-delivered market data connectivity to the Nasdaq Data Center for: - SIAC - CTS/CQS - OpenBook Ultra - ArcaBook Multicast - Discontinuation of wireless connectivity offerings for: - NYSE Equities (Arca Integrated and NYSE Integrated) - BATS Multicast PITCH (BZX and BYX) - Direct EDGE Depth of Book (EDGA and EDGX) - CME Multicast Total - CME Equities Futures Data Only - CME Fixed Income Futures Data Only - CME Metals Futures Data Only - Discontinuation of the Proximity-On-Demand (POD) offering (never implemented) - Unique/Notable Requirements: - No new services or fees are introduced - Rule change applies uniformly to all market participants - Affected feeds remain available from third-party vendors - No specific purchase quantities or part numbers provided (regulatory update, not a procurement request) - Purpose: - Eliminate obsolete services and clarify the Exchange's rulebook

Description

Nasdaq PHLX LLC filed a proposed rule change with the Securities and Exchange Commission to amend its connectivity schedule by removing certain fiber optic-delivered market data offerings and discontinued wireless connectivity services. The proposal also discontinues a previously proposed Proximity-On-Demand (POD) offering that was never implemented. These changes aim to update the Exchange's rulebook by eliminating obsolete services and enhancing clarity without introducing new fees or services.

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