Federal Register #SR-MRX-2026-37

Nasdaq MRX proposed fees for liquid-cooled cabinet colocation services

This SEC notice describes proposed fees for Nasdaq MRX’s optional liquid-cooled cabinet colocation services, not a government purchase. - Government agency and buyer: The Securities and Exchange Commission (SEC) issued the notice; it is not purchasing the services. The proposed services are offered by Nasdaq MRX, LLC for its NY11-5 data center enclosure in Carteret, New Jersey. - Named organizations: Nasdaq MRX, LLC is the service provider. The SEC is the regulator publishing the notice. No product manufacturers or OEMs are identified. - Cabinet installation options: Customers may choose a Nasdaq-provided cabinet, with a one-time installation fee of $5,490, or provide their own cabinet, with a one-time installation fee of $2,500. Neither option has a recurring cabinet fee. - Liquid-Cooled Cabinet Power: Optional power service requires a one-, two-, or three-year customer commitment. It is available only with Liquid-Cooled Cabinets. The additional power installation charge is $1,800, $1,650, or $1,500 per kVA for the respective commitment terms; monthly power charges are $1,000, $900, or $800 per kVA, respectively. Standard cabinet power installation charges also apply. - Listed circuit capacities and total charges: Single-phase 240 V, 20 A (4.80 kVA): installation $12,240/$11,520/$10,800 and monthly $4,800/$4,320/$3,840; single-phase 240 V, 32 A (7.68 kVA): installation $17,424/$16,272/$15,120 and monthly $7,680/$6,912/$6,144; single-phase 240 V, 40 A (9.60 kVA): installation $20,880/$19,440/$18,000 and monthly $9,600/$8,640/$7,680. For each set of fees, amounts are for one-, two-, and three-year terms, in that order. - Additional listed circuit capacities and total charges: Three-phase 415 V, 20 A (approximately 14.38 kVA): installation $30,436.08/$28,279.74/$26,123.40 and monthly $14,375.60/$12,938.04/$11,500.48; three-phase 415 V, 32 A (approximately 23.00 kVA): installation $45,961.73/$42,511.58/$39,061.44 and monthly $23,000.96/$20,700.86/$18,400.77; three-phase 415 V, 40 A (approximately 28.75 kVA): installation $56,312.16/$51,999.48/$47,686.80 and monthly $28,751.20/$25,876.08/$23,000.96; three-phase 415 V, 60 A (approximately 43.13 kVA): installation $82,194/$75,724.50/$69,255 and monthly $43,130/$38,817/$34,504. Fees are listed for one-, two-, and three-year terms, in that order. - Notable scope: The liquid-cooled service is optional, and existing cabinet and power options remain available. No product quantities, part numbers, government contract value, or government performance period are specified.

Description

Nasdaq MRX, 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 liquid-cooled cabinet or supply their own, and the proposed fees include installation charges and recurring power fees based on commitment term and capacity. The proposed fees apply to an optional co-location service in NY11-5. The Exchange states that implementation is planned for the fourth calendar quarter of 2026, with the implementation date to be announced by Trader Alert.

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