Federal Register #SR-Phlx-2026-57

Nasdaq PHLX LLC proposes new fee structure for liquid-cooled cabinets in NY11-5 data center expansion

This opportunity centers on Nasdaq PHLX LLC's proposed rule change to establish new fee structures for liquid-cooled cabinets in the NY11-5 expansion of its Carteret, New Jersey data center. - Government Buyer: - Securities and Exchange Commission (SEC) - Nasdaq PHLX LLC (data center operator) - OEMs and Vendors: - No specific OEMs or manufacturers are named; customers may supply their own cabinets - Products/Services Requested: - Installation of Nasdaq-provided liquid-cooled cabinets - Installation of customer-provided liquid-cooled cabinets - Power installation for liquid-cooled cabinets (fees based on kVA and commitment term) - Ongoing monthly power service for liquid-cooled cabinets (fees based on kVA and commitment term) - Product Line Items: - Nasdaq-provided Liquid-Cooled Cabinet Installation (fee: $5,490) - Customer-provided Liquid-Cooled Cabinet Installation (fee: $2,500) - Liquid-Cooled Cabinet Power Installation and Monthly Fees (installation: $1,500-$1,800 per kVA; monthly: $800-$1,000 per kVA) - Unique/Notable Requirements: - Customers may choose between Nasdaq-supplied or their own liquid-cooled cabinets - Fee structure is tiered based on power density (kVA) and commitment duration (1-3 years) - Designed to support power-dense computing environments with enhanced cooling - Optional premium co-location service for data center customers - No part numbers or specific technical specifications are provided; focus is on service and infrastructure flexibility.

Description

The Securities and Exchange Commission (SEC) has filed a proposed rule change with Nasdaq PHLX LLC to amend Rule General 8 to establish fees for liquid-cooled cabinets in the expanded data center NY11-5. The proposal includes installation fees for Nasdaq-provided and customer-provided liquid-cooled cabinets, as well as power installation and ongoing monthly fees based on power commitments. This amendment aims to offer an optional premium co-location service responsive to evolving customer equipment and cooling needs, with implementation planned for the fourth quarter of 2026.

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