9 Jun 2025
🖥️Nasdaq Ends Cabinet Proximity Option Program
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Remove the Cabinet Proximity Option Program
Summary
The Nasdaq Stock Market LLC has announced the termination of its Cabinet Proximity Option program, allowing customers to reserve cabinet space near existing equipment. This decision aims to enhance the management of data center capacity during ongoing expansions and streamline immediate order placements, ultimately impacting firms that utilize these services for co-location.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The removal of the Cabinet Proximity Option program will directly impact businesses using Nasdaq’s co-location services by eliminating their ability to reserve cabinet space in proximity to existing equipment. This change necessitates immediate ordering and affects capacity planning for businesses relying on these services for trade efficiency.