# Federal Register #SR-NasdaqTX-2026-044

Nasdaq Texas proposes liquid-cooled cabinet and power colocation fees

**Buyer:** Securities and Exchange Commission
**Posted:** September 30, 2026
**Identifier:** SR-NasdaqTX-2026-044
**NAICS:** 518210

The Securities and Exchange Commission notice concerns proposed liquid-cooled colocation fees from Nasdaq Texas, LLC, not a government purchase or award.
- Government and proposer
  - Government agency: Securities and Exchange Commission (SEC), which published the notice.
  - Proposer and service provider: Nasdaq Texas, LLC; the service is for its NY11-5 data center in Carteret, New Jersey.
- Proposed offerings and fees
  - Liquid-cooled cabinet: $5,490 installation for a Nasdaq-provided cabinet or $2,500 installation for a customer-provided cabinet; no ongoing monthly cabinet fee is proposed.
  - Power pricing is available for one-, two-, or three-year commitments. Per-kVA installation surcharges are $1,800, $1,650, or $1,500, respectively; monthly charges are $1,000, $900, or $800 per kVA, respectively.
  - Available configurations and their approximate capacities are listed in the product line items. No purchase quantities are specified.
- Notable requirements and status
  - These are optional premium colocation services for a dedicated liquid-cooling enclosure; customers may supply their own cabinet or use a Nasdaq-provided one.
  - The notice proposes fees rather than soliciting products or services for government procurement. No part numbers, OEMs, or separate vendors are identified.

### Description

Nasdaq Texas, 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 choose a Nasdaq-provided or customer-provided liquid-cooled cabinet, and the proposed fees include installation charges and power-related fees based on commitment term and capacity. The proposed fees apply to an optional premium co-location service and are planned for implementation during the fourth quarter of 2026; customers will be notified of the implementation date by Trader Alert. The notice invites comments on the proposed rule change.

[View original listing](https://www.federalregister.gov/documents/2026/09/30/2026-19951/self-regulatory-organizations-nasdaq-texas-llc-notice-of-filing-and-immediate-effectiveness-of)