Federal Register #SR-NASDAQ-2026-077

Nasdaq Proposes Fees for Liquid-Cooled Cabinets and Power Services in NY11-5 Data Center

This opportunity concerns the Securities and Exchange Commission's notice of a Nasdaq proposal to establish new fees for liquid-cooled cabinets and associated power services in its NY11-5 data center expansion. - Government Buyer: - Securities and Exchange Commission (SEC) - The Nasdaq Stock Market LLC (proposing entity) - OEMs and Vendors: - Nasdaq (as the provider of cabinets and services) - Products/Services Requested: - Installation of Nasdaq-provided liquid-cooled cabinets ($5,490 fee) - Installation of customer-provided liquid-cooled cabinets ($2,500 fee) - Liquid-cooled cabinet power installation and ongoing monthly power services, with fees varying by cabinet power configuration (single/three phase, voltage, amperage) and commitment term (1, 2, or 3 years) - Example configurations include: - Single Phase 240V 20A: Installation $12,240–$10,800, Monthly $4,800–$3,840 - Three Phase 415V 60A: Installation $82,194–$69,255, Monthly $43,130–$34,504 - Unique/Notable Requirements: - Customers may choose between Nasdaq-provided or customer-provided cabinets - No ongoing monthly fees for the cabinets themselves; only for power - Power fees are tiered by commitment length and cabinet power rating - Service is designed for high-density, efficient cooling needs in a premium co-location environment - All services are optional and support evolving customer equipment requirements

Description

The Securities and Exchange Commission (SEC) has filed a proposed rule change by The Nasdaq Stock Market LLC to amend Rule General 8 to establish fees for liquid-cooled cabinets. This rule change introduces fees for installation and power options for liquid-cooled cabinets in Nasdaq's expanded data center. Customers may choose between Nasdaq-provided or customer-provided liquid-cooled cabinets, with different installation fees and no ongoing monthly fees for the cabinets themselves. The proposal also includes fees for liquid-cooled cabinet power installation and ongoing monthly power fees based on commitment terms. The rule change is effective immediately upon filing and aims to provide an optional premium co-location service responsive to evolving customer equipment and cooling needs.

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