Opportunity
Federal Register #SR-NASDAQ-2026-073
SEC Notice: Nasdaq Night Session Port Fee Waivers and Pricing Clarification
Buyer
Securities and Exchange Commission
Posted
September 15, 2026
Identifier
SR-NASDAQ-2026-073
NAICS
523210
The Securities and Exchange Commission (SEC) Division of Trading and Markets has published a notice regarding Nasdaq's proposed rule change for Night Session port pricing and fee waivers. - Government Buyer: - Securities and Exchange Commission (SEC), Division of Trading and Markets - OEMs and Vendors: - The Nasdaq Stock Market LLC (primary OEM and service provider) - Products/Services Requested: - Night Session connectivity ports for trading (FIX Trading, OUCH, CORE FIX, OUCH Purge, FIX Purge, DROP) - First five ports of each type per Market Participant Identifier (MPID) provided without charge - Night Session Nasdaq Testing Facility (NTF) ports for testing connectivity - First five ports of each type per MPID provided without charge - Unique/Notable Requirements: - Night Session operates in a separate system environment from Day Session; members must obtain dedicated ports - Fee waivers are intended to facilitate onboarding and participation in Night Session - Fee changes are effective immediately upon filing, with implementation beginning before Night Session launch - No specific product part numbers or purchase quantities beyond the five-port waiver per type per MPID - Public comment is requested on the proposed rule change
Description
The Nasdaq Stock Market LLC has filed a proposed rule change with the SEC to amend Exchange Rule Equity 7 regarding the pricing of ports for the night session. The proposal clarifies fees applicable to ports used to connect to the Exchange's Night Session trading environment and provides fee waivers for the first five Night Session ports of each applicable port type ordered for an MPID. The rule change aims to facilitate member participation in the Night Session, which operates separately from the Day Session, and is effective immediately upon filing. The implementation date for the fee changes is September 1, 2026, ahead of the planned Night Session launch in December 2026.