# Federal Register #SR-ISE-2026-50

Nasdaq ISE proposed fees for liquid-cooled cabinets and data-center power

**Buyer:** Securities and Exchange Commission
**Posted:** September 30, 2026
**Identifier:** SR-ISE-2026-50
**NAICS:** 523210

The Securities and Exchange Commission published a Nasdaq ISE LLC proposal to set fees for optional liquid-cooled cabinets and related power services at its NY11-5 data center.
- **Organizations:** Nasdaq ISE LLC is proposing the fees; Nasdaq is identified as the provider of one cabinet option. The SEC published the notice. This is a proposed fee change, not a government purchase solicitation, and no government buyer is identified.
- **Cabinet installation:** $5,490 for a Nasdaq-provided liquid-cooled cabinet or $2,500 for a customer-provided cabinet. Neither option has a monthly cabinet fee.
- **Power service:** Available only with a liquid-cooled cabinet. In addition to the standard cabinet power installation fee, the proposed installation charge is $1,800 per kVA for a one-year commitment, $1,650 per kVA for two years, or $1,500 per kVA for three years. Monthly power charges are $1,000, $900, or $800 per kVA, respectively.
- **Capacity examples:** The proposal lists single-phase 240V service at 20A, 32A, and 40A, and three-phase 415V service at 20A, 32A, 40A, and 60A. Total fees vary with capacity and commitment term.
- **Customer choice:** The service is optional; customers may use a Nasdaq-provided or customer-provided cabinet or continue with existing cabinet and power options.

### Description

Nasdaq ISE LLC proposes to amend Exchange Rule General 8 to establish fees for liquid-cooled cabinet installation, liquid-cooled cabinet power installation, and liquid-cooled cabinet power in its expanded data center. Customers may use a Nasdaq-provided cabinet or supply their own, with proposed installation fees of $5,490 and $2,500, respectively, and no ongoing monthly cabinet fee. Power-related fees vary according to the selected one-, two-, or three-year commitment. The rule change is immediately effective, with the proposed fees to be implemented during Q4 2026; customers will be notified of the implementation date by Trader Alert.

[View original listing](https://www.federalregister.gov/documents/2026/09/30/2026-19949/self-regulatory-organizations-nasdaq-ise-llc-notice-of-filing-and-immediate-effectiveness-of)