Nasdaq PHLX LLC has proposed a new rule to establish fees for expanded co-location services at its data center in Carteret, NJ, as filed with the Securities and Exchange Commission. The proposal introduces a range of fees for new Ultra High Density Cabinets, cabinet installation, and power distribution units (PDUs) in the expanded facility, known as NY11-4. These changes are intended to reflect the costs and operational efficiencies of supporting higher density power options. The fees, which are consistent with market rates, are meant to cover the increased costs and provide flexibility for customers in managing their connections to the exchange.
Simple Explanation
Nasdaq PHLX LLC wants to charge new fees for using special storage spaces and equipment at their New Jersey data center to help with their computer connections. They say these fees are fair, but some people are worried it might be hard to tell if they are too high or if there are other choices that might be better.