General 8 Connectivity
The connectivity products and services that this Rule describes are shared among all of the Nasdaq, Inc.
exchanges (The Nasdaq Stock Market, LLC, Nasdaq BX, Inc., Nasdaq PHLX, LLC, Nasdaq ISE, LLC, Nasdaq, MRX,
LLC, and Nasdaq GEMX, LLC). Fees for these products and services are also the same among all of the Nasdaq,
Inc. exchanges. As such, a firm need only purchase the products and services listed below from any Nasdaq,
Inc. exchange once to connect to any and all of the Nasdaq, Inc. exchanges to which it is otherwise entitled
to connect, or to connect to third party market data feeds or services. For example, if a firm purchases
connectivity to one Nasdaq, Inc. exchange and then subsequently qualifies to connect to a second Nasdaq,
Inc. exchange, then the firm may utilize its existing services for connecting to the first exchange to also
connect to the second exchange, without incurring an additional charge.
Adopted October 29, 2018 (SR-GEMX-2018-36); amended December 19, 2018 (SR-GEMX-2018-43), operative January
21, 2019.
The following charges are assessed for co-location
services:1
(a) Cabinets
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Cabinet with Power
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Description
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NY11 Installation Fee
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NY11-4-Installation Fee †
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Ongoing Monthly Fee
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Half Cabinet*
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N/A
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Cabinet
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$3,850
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$5,490
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N/A
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*Not available to new subscribers.
† Includes larger cabinet (32" W x 48" D x 91" H).
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Shared Cabinet Space
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Description
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Installation Fee
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Ongoing Monthly Fee
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4U Block of Cabinet Space including up to
500W of power*
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$165 per hour
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$660
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* No more than 2 4U Blocks. Access
restricted to Exchange personnel.
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Specialty Cabinet Charge
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Description
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Ongoing Monthly Fee
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Additional Charge per Cabinet for cabinet
> 24"W for each 6"W increment greater than 24"W - 2x the ongoing cabinet fee if the
cabinet is >=48"W
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$550 per 6" or 2x the Ongoing Cabinet
fee
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Multi-Firm Cabinet Charge
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Description
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Ongoing Monthly Fee
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Additional Charge per Cabinet per firm for
each cabinet that supports a firm other than the firm contracted to receive the cabinet
by Nasdaq Technology Services
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$550
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(b) Connectivity
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External Telco/Inter-Cabinet
Connectivity
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Description
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Installation Fee
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Ongoing Monthly Fee
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Category 6 Cable patch
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$330
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$385*
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DS-3 Connection
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$550
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$385*
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Fiber
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$550
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$385*
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POTS Line
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$0
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$55
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One-Time Telco Connectivity Expedite
Fee
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$1,540
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$0
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Inter-Cabinet Telco connection outside
Nasdaq space
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$1,100
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100MB Connectivity - Metro NY/NJ Area
Destination
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$1,281.50**
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$1,815**
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1G Connectivity - Metro NY/NJ Area
Destination
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$2,365**
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$2,365**
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10G Connectivity - Metro NY/NJ Area
Destination
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$5,500**
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$5,500**
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100MB Connectivity - Toronto Area
Destination
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$5,335**
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$4,510**
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1G Connectivity - Toronto Area
Destination
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$8,470**
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$10,835**
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10G Connectivity - Toronto Area
Destination
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$16,620**
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$31,240**
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100MB Connectivity - Chicago Area
Destination
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$3,850**
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$8,085**
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1G Connectivity - Chicago Area
Destination
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$5,390**
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$14,080**
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10G Connectivity - Chicago Area
Destination
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$11,715**
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$29,590**
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* Requesting party only. Not applicable to
inter-cabinet connections among the same customer.
** Includes fiber telco cross connect
within Nasdaq data center.
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Connectivity to the Exchange
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Description
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Installation Fee
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Ongoing Monthly Fee
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Fiber Connection to the Exchange
(10Gb)
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$1,100
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$11,000
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Fiber Connection to the Exchange (10Gb
Ultra)
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$1,650
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$18,500
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Fiber Connection to the Exchange
(40Gb)
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$1,650
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$22,000
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Fiber Connection to the Exchange (1Gb
Ultra)
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$1,650
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$2,750
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Fiber Connection to the Exchange
(1Gb)
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$1,100
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$2,750
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1Gb Copper Connection to the
Exchange
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$1,100
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$2,750
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Connectivity to Third Party
Services
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Description
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Installation Fee
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Ongoing Monthly Fee
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Third Party Services Fiber Connection
(10Gb Ultra)
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1,650*
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$5,500*
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Third Party Services Fiber Connection (1Gb
Ultra)
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$1,650*
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$2,200*
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Third Party Services Fiber Connection (1Gb
Ultra or 10Gb Ultra for UTP only)
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$110*
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$110*
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* Waived for two connections per client to
UTP SIP feeds only (UQDF and UTDF).
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Market Data Connectivity*
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The following Market Data feeds are
delivered to the Nasdaq Data Center via a fiber optic network:
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Description
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Installation Fee
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Ongoing Monthly Fee
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Nasdaq
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$1,100
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$0
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SIAC
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$1,100
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CTS/CQS
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$1,553.20
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OpenBook Realtime
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$2,750
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OpenBook Ultra
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$2,750
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NYSE Alerts
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$220
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NYSE Trades
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$110
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Arca Trades
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$110
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ArcaBook Multicast
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$1,650
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Arca BBO
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$137.50
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AMEX-Ultra/Trades/Alerts/LRP
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$110
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OPRA
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$6,600
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CME
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$1,100
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$3,850
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Access Fee per location device/user
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$71.50
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CBOE
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$1,100
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BZX Depth
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$4,400
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BYX Depth
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$1,650
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EDGA Depth
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$2,750
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EDGX Depth
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$2,750
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TSX/TSXV
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$1,100
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TSX and TSXV Level 1 Feed
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$330
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TSX and TSXV Level 2 Feed
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$1,100
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TSX Quantum Level 1 Feed
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$110
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TSX Quantum Level 2 Feed
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$330
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* Pricing is for connectivity only and is
similar to connectivity fees imposed by other vendors. The fees are generally based on the amount of
bandwidth needed to accommodate a particular feed and the Exchange is not the exclusive method to get
market data connectivity. Market data fees are charged independently by the Exchange and other
exchanges.
The following multicast Market Data feeds are delivered to
the Nasdaq Data Center via a wireless network (microwave or millimeter wave):
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Description
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Installation Fee
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Recurring Monthly Fee*
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NYSE Equities (Arca Integrated)
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$5,500
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$11,000
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NYSE Equities (NYSE Integrated)
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$5,500
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$11,000
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BATS Multicast PITCH (BZX and BYX)
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$2,750
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$8,250
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Direct EDGE Depth of Book (EDGA,
EDGX)
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$2,750
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$8,250
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CME Multicast Total
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$5,500
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$25,850
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CME Equities Futures Data Only
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$11,000
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CME Fixed Income Futures Data Only
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$11,000
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CME Metals Futures Data Only
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$3,850
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* Subscribers with three to five microwave
or millimeter wave wireless subscriptions under General 8, Section 1(b) (and/or any other provision of
these Rules that provides for such subscriptions, as may exist, from time to time)receive a 5% discount
on all such subscriptions; subscribers with six to ten microwave or millimeter wave wireless
subscriptions under ]the Rules receive a 10% discount on all such
subscriptions; subscribers with eleven to fourteen microwave or millimeter wave wireless
subscriptions under the Rules receive a 15% discount on all such subscriptions; and subscribers with
fifteen or more microwave or millimeter wave wireless subscriptions under the Rules receive a 20%
discount on all such subscriptions.
(c) Power
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Cabinet Power**
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Description
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NY11 Installation Fee
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NY11-4 Installation Fee
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NY11 Ongoing Monthly Fee ($550 per kVA)
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NY11-4 Ongoing Monthly Fee ($550 per kVA)
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2x20 amp 110 volt
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$2,200
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N/A
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$1,320.00
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N/A
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2x30 amp 110 volt
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$2,200
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N/A
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$1,980.00
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N/A
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2x20 amp 208 volt
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$2,200
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N/A
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$2,288.00
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N/A
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2x30 amp 208 volt
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$2,200
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N/A
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$3,432.00
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N/A
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Phase 3 2x 20 amp 208 volt
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$3,300
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N/A
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$6,864.00
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N/A
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Phase 3 2x 30 amp 208 volt
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$3,300
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N/A
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$3,963.82
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N/A
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2x60 amp 208 volt
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$3,300
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N/A
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$5,944.22
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N/A
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Phase 3 2x 40 amp 208 volt
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$3,300
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N/A
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$7,925.63
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N/A
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Phase 3 2x 50 amp 208 volt
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$3,165
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N/A
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$9,907.04
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N/A
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Phase 3 2x 60 amp 208 volt
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$3,300
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N/A
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$11,888.45
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N/A
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2x30 amp 48 volt DC
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$3,300
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N/A
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$792.00
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N/A
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Phase 1 20 amp 240 volt*
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$3,600
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$2,640.00
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Phase 1 32 amp 240 volt* |
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$3,600
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$4,224.00
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Phase 1 40 amp 240 volt*
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$3,600
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$5,280.00
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Phase 3 20 amp 415 volt*
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$4,560
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$7,906.58
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Phase 3 32 amp 415 volt*
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$4,560
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$12,650.53
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*NY11-4 only. One of these options must be selected for Cabinets in NY11-4. **Note: Circuit cap is based on the
available power at 80% of the breakered capacity of all circuit pairs within a
cabinet (where a primary/redundant circuit pair is considered a single
circuit).
(d) Additional
Charges/Services
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Additional Items
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Description
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Installation Fee
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Ongoing Monthly Fee
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Cooling (Door) Fans
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$1,650
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$0
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Perforated Floor Tiles
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$275
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$0
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Cabinet Extension
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$550
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$0
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Super High Density Cabinet Kit
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$4,950
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$0
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Additional Cabinet Shelves
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$220
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$0
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Single Master Key Locks
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$192.50
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$0
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Cable Downspouts
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$825
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$0
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Cabinet Caging
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Installation Specific
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$3,300
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Custom Installation
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Installation Specific
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$0
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Cabinet Equipment Storage
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$0
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$550
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Copper Patch Cords
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$4.95 +$0.55 per foot
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$0
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Fiber Patch Cords - Multi-mode
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$22 +$1.65 per meter
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$0
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Fiber Patch Cords - Single-mode
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$26.40 +$0.825 per meter
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$0
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Twinax Patch Cords
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$37.40 +$11.00 per meter
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$0
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Power Cords - 5-15P to C13 - 2 to 4
feet
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$5.50
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$0
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Power Cords - C14 to C19 - 2 to 4
feet
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$11
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$0
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PDU – Phase 1*
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$4,100
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$0
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PDU – Phase 3*
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$5,260
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$0
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Switch Monitored PDU Add On*
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$2,000
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$0
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Equipment Storage
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$0
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$110
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Internet Bandwidth - 1Mb
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$0
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$330
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Internet Bandwidth - 2Mb
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$0
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$550
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Internet Bandwidth - 3Mb
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$0
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$770
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Internet Bandwidth - 4Mb
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$0
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$990
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Internet Bandwidth - 5Mb
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$0
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$1,210
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GPS Antenna - Shared
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$900
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$600
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Cabinet Proximity Option Fee
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$0
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$1,100 per medium or low density cabinet, or
$1,650 per medium/high or high density cabinet
or
$3,000 per cabinet with power density >10kW
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Services
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Description
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Rate
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Power Consulting Service (billed in hourly
increments)
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$275/hr plus materials if necessary
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Remote Hands Service
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$165/hr
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*NY11-4 only.
1Co-location services provided by
Nasdaq Technology Services LLC.
Adopted October 29, 2018 (SR-GEMX-2018-36); amended
December 19, 2018 (SR-GEMX-2018-43), operative January
21, 2019; amended Sep. 29, 2023 (SR-GEMX-2023-12), operative Oct. 1, 2023; amended Nov. 15, 2023 (SR-GEMX-2023-15); amended Nov. 29, 2023 (SR-GEMX-2023-17); amended Feb. 26, 2024 (SR-GEMX-2024-04), operative Mar. 1, 2024; amended Mar. 1, 2024 (SR-GEMX-2024-05); amended Mar. 1, 2024 (SR-GEMX-2024-06); amended Mar. 13, 2024 (SR-GEMX-2024-08); amended Apr. 29, 2024 (SR-GEMX-2024-09); amended May 9, 2024 (SR-GEMX-2024-11); amended Jun. 27, 2024 (SR-GEMX-2024-15); amended Jul. 19, 2024 (SR-GEMX-2024-25); amended Jul. 5, 2024 (SR-GEMX-2024-21), operative Aug. 4, 2024; amended Jul. 15, 2024 (SR-GEMX-2024-23), operative Aug. 15, 2024; amended Aug. 26, 2024 (SR-GEMX-2024-32); amended Aug. 30, 2024 (SR-GEMX-2024-33); amended Sep. 5, 2024 (SR-GEMX-2024-34), operative Oct. 5, 2024; amended Sep. 24, 2024 (SR-GEMX-2024-36), operative Oct. 7, 2024; amended Oct. 11, 2024 (SR-GEMX-2024-38); amended Nov. 8, 2024 (SR-GEMX-2024-40); amended Nov. 18, 2024 (SR-GEMX-2024-41); amended Jan. 8, 2025 (SR-GEMX-2025-02); amended Jan. 16, 2025 (SR-GEMX-2025-04); amended Sep. 30, 2025 (SR-GEMX-2025-28); amended Dec. 31, 2025 (SR-GEMX-2025-37); amended Nov. 13, 2025 (SR-GEMX-2025-30), operative Jan. 2, 2026; amended Jan. 15, 2026 (SR-GEMX-2026-03).
Direct Connectivity services are provided by Nasdaq
Technology Services, LLC.
(a) Direct Circuit Connection to the
Exchange
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Description
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Installation Fee
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Ongoing Monthly Fee
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Direct Circuit Connection to the Exchange
(10Gb)
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$1,650
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$8,250
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Direct Circuit Connection to the Exchange
(supports up to 1Gb)
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$1,650
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$2,750
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Direct Circuit Connection to the Exchange
(1Gb Ultra)
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$1,650
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$2,750
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Optional Cable Router
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$1017.50
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Per U of Cabinet Space*
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$165
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* Fees are based on a height unit of approximately 1.75
inches high, commonly called a "U" space and a maximum power of 125 Watts per U space.
(b) Direct Circuit Connection to Third Party
Services
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Description
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Installation Fee
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Ongoing Monthly Fee
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Third Party Services Direct Connection
(10Gb Ultra)
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$1,650*
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$5,500*
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Third Party Services Direct Connection
(1Gb Ultra)
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$1,650*
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$2,200*
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Third Party Services Direct Connection
(1Gb Ultra or 10Gb Ultra for UTP only)
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$110*
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$110*
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Optional Cable Router
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$1017.50
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Per U of Cabinet Space**
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$165
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* Waived for two connections per
client to UTP SIP feeds only (UQDF and UTDF).
** Fees are based on a height
unit of approximately 1.75 inches high, commonly called a "U" space and a maximum power of 125 Watts per
U space.
(c) Point of Presence (POP) Connectivity
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Description
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Installation Fee
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Ongoing Monthly Fee
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POP Connection to the Exchange
(10Gb)
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$1,650
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$8,250
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POP Connection to the Exchange (1Gb
Ultra)
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$1,650
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$2,750
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Adopted October 29, 2018 (SR-GEMX-2018-36); amended
December 19, 2018 (SR-GEMX-2018-43), operative January
21, 2019; amended Mar. 1, 2024 (SR-GEMX-2024-05); amended Apr. 29, 2024 (SR-GEMX-2024-09); amended Jun. 27, 2024 (SR-GEMX-2024-15); amended Aug. 26, 2024 (SR-GEMX-2024-32); amended Aug. 30, 2024 (SR-GEMX-2024-33); amended Oct. 11, 2024 (SR-GEMX-2024-38); amended Nov. 8, 2024 (SR-GEMX-2024-40).
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