# Federal Register #SR-Phlx-2026-57

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

**Buyer:** Securities and Exchange Commission
**Posted:** September 29, 2026
**Identifier:** SR-Phlx-2026-57
**NAICS:** 518210, 238290

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.

[View original listing](https://www.federalregister.gov/documents/2026/09/29/2026-19866/self-regulatory-organizations-nasdaq-phlx-llc-notice-of-filing-and-immediate-effectiveness-of)