Federal Register #SRGEMX202630

Nasdaq GEMX Rule Change: Discontinuation of Obsolete Market Data Connectivity Services

This notice from the Securities and Exchange Commission (SEC) addresses a proposed rule change by Nasdaq GEMX, LLC regarding its connectivity schedule. - Government Buyer: - Securities and Exchange Commission (SEC) - Nasdaq GEMX, LLC (self-regulatory organization under SEC oversight) - OEMs and Vendors: - Nasdaq GEMX, LLC (exchange operator) - SIAC, CTS/CQS, OpenBook Ultra, ArcaBook Multicast, NYSE Equities, BATS, Direct EDGE, CME (as sources of market data feeds) - Products/Services Requested: - 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 services 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) managed colocation solution (never implemented) - Unique or Notable Requirements: - No new products, services, or fees are being introduced - The rule change is intended to remove obsolete offerings and clarify the rulebook - The SEC is soliciting public comments on the proposed changes

Description

This notice announces a proposed rule change by Nasdaq GEMX, LLC 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. The changes aim to update the rulebook to reflect current services, remove obsolete provisions, and enhance clarity without introducing new fees or services.

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