# Federal Register #SR-NASDAQ-2026-077

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

**Buyer:** Securities and Exchange Commission
**Posted:** September 29, 2026
**Identifier:** SR-NASDAQ-2026-077
**NAICS:** 518210

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.

[View original listing](https://www.federalregister.gov/documents/2026/09/29/2026-19864/self-regulatory-organizations-the-nasdaq-stock-market-llc-notice-of-filing-and-immediate)