80 FR 42567 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Fees Schedule

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 137 (July 17, 2015)

Page Range		42567-42569
FR Document		2015-17534

Federal Register, Volume 80 Issue 137 (Friday, July 17, 2015)

[Federal Register Volume 80, Number 137 (Friday, July 17, 2015)]
[Notices]
[Pages 42567-42569]
From the Federal Register Online [www.thefederalregister.org]
[FR Doc No: 2015-17534]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-75442; File No. SR-CBOE-2015-066]

Self-Regulatory Organizations; Chicago Board Options Exchange,
Incorporated; Notice of Filing and Immediate Effectiveness of Proposed
Rule Change To Amend the Fees Schedule

July 13, 2015.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 19b-4 thereunder, \2\ notice is hereby given
that, on July 1, 2015, Chicago Board Options Exchange, Incorporated
(the ``Exchange'' or ``CBOE'') filed with the Securities and Exchange
Commission (``Commission'') the proposed rule change as described in
Items I, II, and III below, which Items have been prepared by the
Exchange. The Commission is publishing this notice to solicit comments
on the proposed rule change from interested persons.
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

The Exchange proposes to amend its Fees Schedule. The text of the
proposed rule change is available on the

[[Page 42568]]

Exchange's Web site (http://www.cboe.com/AboutCBOE/CBOELegalRegulatoryHome.aspx), at the Exchange's Office of the
Secretary, and at the Commission's Public Reference Room.

II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change

In its filing with the Commission, the Exchange included statements
concerning the purpose of and basis for the proposed rule change and
discussed any comments it received on the proposed rule change. The
text of these statements may be examined at the places specified in
Item IV below. The Exchange has prepared summaries, set forth in
sections A, B, and C below, of the most significant aspects of such
statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change

1. Purpose
The Exchange proposes to amend its Fees Schedule, effective July 1,
2015.
On May 11, 2015, the Exchange launched an updated version of the
Floor Broker Workstation (``FBW''), (i.e., ``FBW2''). In conjunction
with the launch of FBW2, the Exchange submitted a rule filing which
provided for a fee waiver for the months of May and June 2015, as well
as provided that, after July 1, 2015, the monthly fee for FBW2 login
IDs would be waived for the first month.\3\ The Exchange also noted in
that filing that after July 2015 (and absent an applicable fee waiver
noted above), TPHs will be charged each of $400 for FBW and FBW2 (i.e.,
total of $800) if such users continue to use both FBW and FBW2. The
Exchange notes that new features are anticipated to become available on
FBW2 in August 2015. In the meanwhile, the Exchange wishes to encourage
FBW users to begin (or continue) transitioning to FBW2 logins and
provide additional time to become acclimated to FBW2 while still being
able to use FBW logins. As such, the Exchange does not wish to charge a
TPH $400 for using both FBW and FBW2 login IDs. Accordingly, the
Exchange proposes to delete now outdated language and provide that for
every FBW login a TPH has, the FBW2 fee will be waived for the months
of July 2015 through September 2015 on a one-to-one basis.\4\
Additionally, in light of the proposed changes, the Exchange no longer
wishes to continue to provide a waiver of the FBW2 fee for the first
month for new FBW2 login IDS.
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\3\ See Securities Exchange Act Release No. 75022 (May 21,
2015), 80 FR 102 [sic] (May 28, 2015) (SR-CBOE-2015-049). The
adopted fee for FBW2 is the same as the existing FBW fee (i.e., $400
per month (per login ID).
\4\ For example, if a TPH has two FBW logins and two FBW2
logins, the total monthly fee would be $800 ($400 for each FBW
login). Another example is if a TPH has two FBW logins and three
FBW2 logins, the total monthly fee would be $1,200 ($400 for each
FBW login and $400 for the additional FBW2 login).
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2. Statutory Basis
The Exchange believes the proposed rule change is consistent with
the Securities Exchange Act of 1934 (the ``Act'') and the rules and
regulations thereunder applicable to the Exchange and, in particular,
the requirements of Section 6(b) of the Act.\5\ Specifically, the
Exchange believes the proposed rule change is consistent with the
Section 6(b)(5) \6\ requirements that the rules of an exchange be
designed to prevent fraudulent and manipulative acts and practices, to
promote just and equitable principles of trade, to foster cooperation
and coordination with persons engaged in regulating, clearing,
settling, processing information with respect to, and facilitation
transactions in securities, to remove impediments to and perfect the
mechanism of a free and open market and a national market system, and,
in general, to protect investors and the public interest. Additionally,
the Exchange believes the proposed rule change is consistent with
Section 6(b)(4) of the Act,\7\ which requires that Exchange rules
provide for the equitable allocation of reasonable dues, fees, and
other charges among its Trading Permit Holders and other persons using
its facilities.
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\5\ 15 U.S.C. 78f(b).
\6\ 15 U.S.C. 78f(b)(5).
\7\ 15 U.S.C. 78f(b)(4).
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In particular, the Exchange believes it is reasonable to provide a
waiver of FBW2 fees for each FBW login a TPH has for the months of July
2015 through September 2015 because it encourages users to use and
become familiar with the updated FBW2 login IDs while waiting for
certain features to be implemented on FBW2. Additionally, the Exchange
notes the proposed rule change provides users additional time to become
familiar with and fully acclimated to the new FBW functionality. The
Exchange believes it is reasonable to eliminate the waiver for the
first month for a new login ID currently beginning July 1, 2015,
because the Exchange is also providing for additional waivers of FBW2
logins as described above and wants to encourage users to begin
transitioning to FBW2 logins prior to the upcoming discontinuation of
FBW logins. The Exchange believes the proposed changes are equitable
and not unfairly discriminatory because it applies to all users of
FBW2.

B. Self-Regulatory Organization's Statement on Burden on Competition

The Exchange does not believe that the proposed rule change will
impose any burden on competition that is not necessary or appropriate
in furtherance of the purposes of the Act, because it applies to all
Trading Permit Holders. The Exchange believes this proposal will not
cause an unnecessary burden on intermarket competition because the
proposal only affects trading on CBOE. To the extent that the proposed
changes make CBOE a more attractive marketplace for market participants
at other exchanges, such market participants are welcome to become CBOE
market participants.

C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others

The Exchange neither solicited nor received comments on the
proposed rule change.

III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action

The foregoing rule change has become effective pursuant to Section
19(b)(3)(A) of the Act \8\ and paragraph (f) of Rule 19b-4 \9\
thereunder. At any time within 60 days of the filing of the proposed
rule change, the Commission summarily may temporarily suspend such rule
change if it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act. If the Commission
takes such action, the Commission will institute proceedings to
determine whether the proposed rule change should be approved or
disapproved.
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\8\ 15 U.S.C. 78s(b)(3)(A).
\9\ 17 CFR 240.19b-4(f).
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IV. Solicitation of Comments

Interested persons are invited to submit written data, views and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:

[[Page 42569]]

Electronic Comments

Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or
Send an email to rule-comments@sec.gov. Please include
File Number SR-CBOE-2015-066 on the subject line.

Paper Comments

Send paper comments in triplicate to Secretary, Securities
and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090.

All submissions should refer to File Number SR-CBOE-2015-066. This file
number should be included on the subject line if email is used. To help
the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all
written statements with respect to the proposed rule change that are
filed with the Commission, and all written communications relating to
the proposed rule change between the Commission and any person, other
than those that may be withheld from the public in accordance with the
provisions of 5 U.S.C. 552, will be available for Web site viewing and
printing in the Commission's Public Reference Room, 100 F Street NE.,
Washington, DC 20549, on official business days between the hours of
10:00 a.m. and 3:00 p.m. Copies of the filing also will be available
for inspection and copying at the principal office of the Exchange. All
comments received will be posted without change; the Commission does
not edit personal identifying information from submissions. You should
submit only information that you wish to make available publicly. All
submissions should refer to File Number SR-CBOE-2015-066 and should be
submitted on or before August 7, 2015.

For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\10\
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\10\ 17 CFR 200.30-3(a)(12).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-17534 Filed 7-16-15; 8:45 am]
BILLING CODE 8011-01-P

Federal Register / Vol. 80, No. 137 / Friday, July 17, 2015 / Notices 42567

reference to Rule 1080.08 is being with the protection of investors and the those that may be withheld from the
changed to Rule 1080.07. public interest, the proposed rule public in accordance with the
Next, the Exchange proposes to change has become effective pursuant to provisions of 5 U.S.C. 552, will be
amend Rule 1066(f)(7) and (8), which Section 19(b)(3)(A) of the Act 7 and Rule available for Web site viewing and
defines various types of multi-leg 19b–4(f)(6) thereunder.8 printing in the Commission’s Public
orders, including Complex Orders and At any time within 60 days of the Reference Room, 100 F Street NE.,
DNA Orders, both of which are defined filing of the proposed rule change, the Washington, DC 20549, on official
in Rule 1080.07(a). Accordingly, Rule Commission summarily may business days between the hours of
1066(f)(7) and (8) are being corrected to temporarily suspend such rule change if 10:00 a.m. and 3:00 p.m. Copies of the
properly refer to Rule 1080.07(a) rather it appears to the Commission that such filing also will be available for
than to Rule 1080.08(a). action is necessary or appropriate in the inspection and copying at the principal
Finally, the Exchange proposes to public interest, for the protection of office of the Exchange. All comments
amend Rule 1080.07 itself, which investors, or otherwise in furtherance of received will be posted without change;
contains several references to Rule the purposes of the Act. If the the Commission does not edit personal
1080.08, which are incorrect. Each of Commission takes such action, the identifying information from
the following provisions in Rule 1080 Commission shall institute proceedings submissions. You should submit only
are proposed to be changed to refer to to determine whether the proposed rule information that you wish to make
the same subsection in Rule 1080.07: change should be approved or available publicly. All submissions
Rule 1080(m)(iii)(A), Rule 1080(n)(i)(C), disapproved. should refer to File Number SR–Phlx–
Rule 1080(n)(ii)(A)(9), Rule IV. Solicitation of Comments 2015–55 and should be submitted on or
1080.07(a)(i), Rule 1080.07(e)(i)(B)(1), before August 7, 2015.
Rule 1080.07(e)(vi)(B), Rule Interested persons are invited to
For the Commission, by the Division of
1080.07(f)(iii)(C)(2), and Rule submit written data, views, and Trading and Markets, pursuant to delegated
1080.07(f)(iii)(C)(4). arguments concerning the foregoing, authority.9
including whether the proposed rule Brent J. Fields,
2. Statutory Basis change is consistent with the Act.
Secretary.
The Exchange believes that its Comments may be submitted by any of
[FR Doc. 2015–17491 Filed 7–16–15; 8:45 am]
proposal is consistent with Section 6(b) the following methods:
BILLING CODE 8011–01–P
of the Act 5 in general, and furthers the Electronic Comments
objectives of Section 6(b)(5) of the Act 6
• Use the Commission’s Internet
in particular, in that it is designed to SECURITIES AND EXCHANGE
comment form (http://www.sec.gov/
promote just and equitable principles of COMMISSION
rules/sro.shtml); or
trade by correcting the references to • Send an email to rule-comments@
Rule 1080 regarding complex orders, [Release No. 34–75442; File No. SR–CBOE–
sec.gov. Please include File Number SR– 2015–066]
which should help market participants Phlx–2015–55 on the subject line.
better understand how their orders are Self-Regulatory Organizations;
handled. Paper Comments Chicago Board Options Exchange,
B. Self-Regulatory Organization’s • Send paper comments in triplicate Incorporated; Notice of Filing and
Statement on Burden on Competition to Secretary, Securities and Exchange Immediate Effectiveness of Proposed
Commission, 100 F Street NE., Rule Change To Amend the Fees
The Exchange does not believe that Washington, DC 20549–1090. Schedule
the proposed rule change will impose All submissions should refer to File
any burden on competition not Number SR–Phlx–2015–55. This file July 13, 2015.
necessary or appropriate in furtherance number should be included on the Pursuant to Section 19(b)(1) of the
of the purposes of the Act. The proposal subject line if email is used. To help the Securities Exchange Act of 1934
merely corrects rule references. Commission process and review your (‘‘Act’’),1 and Rule 19b–4 thereunder, 2
comments more efficiently, please use notice is hereby given that, on July 1,
C. Self-Regulatory Organization’s
only one method. The Commission will 2015, Chicago Board Options Exchange,
Statement on Comments on the
post all comments on the Commission’s Incorporated (the ‘‘Exchange’’ or
Proposed Rule Change Received From
Internet Web site (http://www.sec.gov/ ‘‘CBOE’’) filed with the Securities and
Members, Participants or Others
rules/sro.shtml). Copies of the Exchange Commission (‘‘Commission’’)
No written comments were either the proposed rule change as described
submission, all subsequent
solicited or received. in Items I, II, and III below, which Items
amendments, all written statements
III. Date of Effectiveness of the with respect to the proposed rule have been prepared by the Exchange.
Proposed Rule Change and Timing for change that are filed with the The Commission is publishing this
Commission Action Commission, and all written notice to solicit comments on the
communications relating to the proposed rule change from interested
Because the foregoing proposed rule persons.
change: (1) Does not significantly affect proposed rule change between the
the protection of investors or the public Commission and any person, other than I. Self-Regulatory Organization’s
interest; (2) does not impose any Statement of the Terms of Substance of
7 15
U.S.C. 78s(b)(3)(A). the Proposed Rule Change
srobinson on DSK5SPTVN1PROD with NOTICES

significant burden on competition; and 8 17
CFR 240.19b–4(f)(6). In addition, Rule 19b–
(3) by its terms does not become 4(f)(6)(iii) requires a self-regulatory organization to The Exchange proposes to amend its
operative for 30 days after the date of provide the Commission with written notice of its Fees Schedule. The text of the proposed
this filing, or such shorter time as the intent to file the proposed rule change, along with rule change is available on the
a brief description and text of the proposed rule
Commission may designate if consistent change, at least five business days prior to the date
9 17 CFR 200.30–3(a)(12).
of filing of the proposed rule change, or such
5 15 U.S.C. 78f(b). 1 15 U.S.C. 78s(b)(1).
shorter time as designated by the Commission. The
6 15 U.S.C. 78f(b)(5). Exchange has satisfied this requirement. 2 17 CFR 240.19b–4.

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42568 Federal Register / Vol. 80, No. 137 / Friday, July 17, 2015 / Notices

Exchange’s Web site (http:// 2015 through September 2015 on a one- users to begin transitioning to FBW2
www.cboe.com/AboutCBOE/ to-one basis.4 Additionally, in light of logins prior to the upcoming
CBOELegalRegulatoryHome.aspx), at the proposed changes, the Exchange no discontinuation of FBW logins. The
the Exchange’s Office of the Secretary, longer wishes to continue to provide a Exchange believes the proposed changes
and at the Commission’s Public waiver of the FBW2 fee for the first are equitable and not unfairly
Reference Room. month for new FBW2 login IDS. discriminatory because it applies to all
users of FBW2.
II. Self-Regulatory Organization’s 2. Statutory Basis
Statement of the Purpose of, and The Exchange believes the proposed B. Self-Regulatory Organization’s
Statutory Basis for, the Proposed Rule rule change is consistent with the Statement on Burden on Competition
Change Securities Exchange Act of 1934 (the
The Exchange does not believe that
In its filing with the Commission, the ‘‘Act’’) and the rules and regulations
the proposed rule change will impose
Exchange included statements thereunder applicable to the Exchange
any burden on competition that is not
concerning the purpose of and basis for and, in particular, the requirements of
necessary or appropriate in furtherance
the proposed rule change and discussed Section 6(b) of the Act.5 Specifically,
of the purposes of the Act, because it
any comments it received on the the Exchange believes the proposed rule
applies to all Trading Permit Holders.
proposed rule change. The text of these change is consistent with the Section
The Exchange believes this proposal
statements may be examined at the 6(b)(5) 6 requirements that the rules of
will not cause an unnecessary burden
places specified in Item IV below. The an exchange be designed to prevent
on intermarket competition because the
Exchange has prepared summaries, set fraudulent and manipulative acts and
proposal only affects trading on CBOE.
forth in sections A, B, and C below, of practices, to promote just and equitable
To the extent that the proposed changes
the most significant aspects of such principles of trade, to foster cooperation
make CBOE a more attractive
statements. and coordination with persons engaged
marketplace for market participants at
in regulating, clearing, settling,
A. Self-Regulatory Organization’s other exchanges, such market
processing information with respect to,
Statement of the Purpose of, and participants are welcome to become
and facilitation transactions in
Statutory Basis for, the Proposed Rule CBOE market participants.
securities, to remove impediments to
Change
and perfect the mechanism of a free and C. Self-Regulatory Organization’s
1. Purpose open market and a national market Statement on Comments on the
The Exchange proposes to amend its system, and, in general, to protect Proposed Rule Change Received From
Fees Schedule, effective July 1, 2015. investors and the public interest. Members, Participants, or Others
On May 11, 2015, the Exchange Additionally, the Exchange believes the
proposed rule change is consistent with The Exchange neither solicited nor
launched an updated version of the
Section 6(b)(4) of the Act,7 which received comments on the proposed
Floor Broker Workstation (‘‘FBW’’), (i.e.,
requires that Exchange rules provide for rule change.
‘‘FBW2’’). In conjunction with the
launch of FBW2, the Exchange the equitable allocation of reasonable III. Date of Effectiveness of the
submitted a rule filing which provided dues, fees, and other charges among its Proposed Rule Change and Timing for
for a fee waiver for the months of May Trading Permit Holders and other Commission Action
and June 2015, as well as provided that, persons using its facilities.
after July 1, 2015, the monthly fee for In particular, the Exchange believes it The foregoing rule change has become
FBW2 login IDs would be waived for the is reasonable to provide a waiver of effective pursuant to Section 19(b)(3)(A)
first month.3 The Exchange also noted FBW2 fees for each FBW login a TPH of the Act 8 and paragraph (f) of Rule
in that filing that after July 2015 (and has for the months of July 2015 through 19b–4 9 thereunder. At any time within
absent an applicable fee waiver noted September 2015 because it encourages 60 days of the filing of the proposed rule
above), TPHs will be charged each of users to use and become familiar with change, the Commission summarily may
$400 for FBW and FBW2 (i.e., total of the updated FBW2 login IDs while temporarily suspend such rule change if
$800) if such users continue to use both waiting for certain features to be it appears to the Commission that such
FBW and FBW2. The Exchange notes implemented on FBW2. Additionally, action is necessary or appropriate in the
that new features are anticipated to the Exchange notes the proposed rule public interest, for the protection of
become available on FBW2 in August change provides users additional time to investors, or otherwise in furtherance of
2015. In the meanwhile, the Exchange become familiar with and fully the purposes of the Act. If the
wishes to encourage FBW users to begin acclimated to the new FBW Commission takes such action, the
(or continue) transitioning to FBW2 functionality. The Exchange believes it Commission will institute proceedings
logins and provide additional time to is reasonable to eliminate the waiver for to determine whether the proposed rule
become acclimated to FBW2 while still the first month for a new login ID change should be approved or
being able to use FBW logins. As such, currently beginning July 1, 2015, disapproved.
the Exchange does not wish to charge a because the Exchange is also providing
for additional waivers of FBW2 logins as IV. Solicitation of Comments
TPH $400 for using both FBW and
FBW2 login IDs. Accordingly, the described above and wants to encourage
Interested persons are invited to
Exchange proposes to delete now submit written data, views and
4 For
example, if a TPH has two FBW logins and
outdated language and provide that for arguments concerning the foregoing,
srobinson on DSK5SPTVN1PROD with NOTICES

two FBW2 logins, the total monthly fee would be
every FBW login a TPH has, the FBW2 $800 ($400 for each FBW login). Another example including whether the proposed rule
fee will be waived for the months of July is if a TPH has two FBW logins and three FBW2 change is consistent with the Act.
logins, the total monthly fee would be $1,200 ($400 Comments may be submitted by any of
3 See Securities Exchange Act Release No. 75022 for each FBW login and $400 for the additional
FBW2 login). the following methods:
(May 21, 2015), 80 FR 102 [sic] (May 28, 2015) (SR–
5 15 U.S.C. 78f(b).
CBOE–2015–049). The adopted fee for FBW2 is the
6 15 U.S.C. 78f(b)(5). 8 15 U.S.C. 78s(b)(3)(A).
same as the existing FBW fee (i.e., $400 per month
(per login ID). 7 15 U.S.C. 78f(b)(4). 9 17 CFR 240.19b–4(f).

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Federal Register / Vol. 80, No. 137 / Friday, July 17, 2015 / Notices 42569

Electronic Comments SECURITIES AND EXCHANGE the proposed rule change and discussed
COMMISSION any comments it received on the
• Use the Commission’s Internet proposed rule change. The text of these
comment form (http://www.sec.gov/ [Release No. 34–75437; File No. SR–BATS–
2015–53]
statements may be examined at the
rules/sro.shtml); or places specified in Item IV below. The
• Send an email to rule-comments@ Self-Regulatory Organizations; BATS Exchange has prepared summaries, set
sec.gov. Please include File Number SR– Exchange, Inc.; Notice of Filing and forth in Sections A, B, and C below, of
CBOE–2015–066 on the subject line. Immediate Effectiveness of a Proposed the most significant parts of such
Rule Change Related to Fees for Use statements.
Paper Comments of BATS Exchange, Inc. A. Self-Regulatory Organization’s
• Send paper comments in triplicate July 13, 2015. Statement of the Purpose of, and
to Secretary, Securities and Exchange Pursuant to Section 19(b)(1) of the Statutory Basis for, the Proposed Rule
Commission, 100 F Street NE., Securities Exchange Act of 1934 Change
Washington, DC 20549–1090. (‘‘Act’’),1 and Rule 19b–4 thereunder,2 1. Purpose
All submissions should refer to File notice is hereby given that on July 6,
2015, BATS Exchange, Inc. (‘‘Exchange’’ The Exchange proposes to amend its
Number SR–CBOE–2015–066. This file Fee Schedule to modify its fees for
or ‘‘BATS’’) filed with the Securities
number should be included on the physical connectivity. A physical port is
and Exchange Commission
subject line if email is used. To help the utilized by a Member or non-Member to
(‘‘Commission’’) the proposed rule
Commission process and review your change as described in Items I, II, and connect to the Exchange at the data
comments more efficiently, please use III, below, which Items have been centers where the Exchange’s servers are
only one method. The Commission will prepared by the Exchange. The located. The Exchange currently
post all comments on the Commission’s Exchange has designated the proposed maintains a presence in two third-party
Internet Web site (http://www.sec.gov/ rule change as one establishing or data centers: (i) The primary data center
rules/sro.shtml). Copies of the changing a member due, fee, or other where the Exchange’s business is
submission, all subsequent charge imposed by the Exchange under primarily conducted on a daily basis,
amendments, all written statements Section 19(b)(3)(A)(ii) of the Act 3 and and (ii) a secondary data center, which
with respect to the proposed rule Rule 19b–4(f)(2) thereunder,4 which is predominantly maintained for
change that are filed with the renders the proposed rule change business continuity purposes. The
Commission, and all written effective upon filing with the Exchange currently assesses the
communications relating to the Commission. The Commission is following physical connectivity fees for
proposed rule change between the publishing this notice to solicit Members and non-Members on a
Commission and any person, other than comments on the proposed rule change monthly basis: $1,000 per physical port
those that may be withheld from the from interested persons. that connects to the System 6 via 1
public in accordance with the gigabyte circuit; and $2,500 per physical
I. Self-Regulatory Organization’s port that connects to the System via 10
provisions of 5 U.S.C. 552, will be Statement of the Terms of Substance of gigabyte circuit.
available for Web site viewing and the Proposed Rule Change
printing in the Commission’s Public The Exchange now proposes to amend
The Exchange filed a proposal to its physical connectivity fees to align
Reference Room, 100 F Street NE.,
amend its fees and rebates applicable to the Exchange’s fees with its affiliates.7
Washington, DC 20549, on official Members 5 and non-Members of the The Exchange proposes to increase the
business days between the hours of Exchange pursuant to BZX Rule 15.1(a) fee per physical port that connects to
10:00 a.m. and 3:00 p.m. Copies of the and (c) (‘‘Fee Schedule’’) to modify its the System via: (i) 1 gigabyte circuit
filing also will be available for fees for physical connectivity. Changes from $1,000 per month to $2,000 per
inspection and copying at the principal to the fee schedule pursuant to this month; and (ii) 10 gigabyte circuit from
office of the Exchange. All comments proposal are effective upon filing. $2,500 per month to $4,000 per month.
received will be posted without change; The text of the proposed rule change
the Commission does not edit personal is available at the Exchange’s Web site Implementation Date
identifying information from at www.batstrading.com, at the The Exchange proposes to implement
submissions. You should submit only principal office of the Exchange, and at this amendment to its Fee Schedule
information that you wish to make the Commission’s Public Reference immediately.
available publicly. All submissions Room.
2. Statutory Basis
should refer to File Number SR–CBOE– II. Self-Regulatory Organization’s
2015–066 and should be submitted on Statement of the Purpose of, and The Exchange believes that the
or before August 7, 2015. Statutory Basis for, the Proposed Rule proposed rule change is consistent with
For the Commission, by the Division of Change
6 The term ‘‘System’’ is defined as ‘‘the electronic
Trading and Markets, pursuant to delegated In its filing with the Commission, the communications and trading facility designated by
authority.10 Exchange included statements the Board through which securities orders of Users
Robert W. Errett, concerning the purpose of and basis for are consolidated for ranking, execution and, when
applicable, routing away.’’ See Exchange Rule
srobinson on DSK5SPTVN1PROD with NOTICES

Deputy Secretary. 1.5(cc).
1 15
U.S.C. 78s(b)(1).
[FR Doc. 2015–17534 Filed 7–16–15; 8:45 am] 7 The Exchange’s affiliates are EDGX Exchange,
2 17
CFR 240.19b–4.
BILLING CODE 8011–01–P Inc. (‘‘EDGX’’), EDGA Exchange, Inc. (‘‘EDGA’’) and
3 15 U.S.C. 78s(b)(3)(A)(ii).
BATS Y-Exchange, Inc. (‘‘BYX’’, together with the
4 17 CFR 240.19b–4(f)(2).
Exchange, EDGA and EDGX, the ‘‘BATS
5 The term ‘‘Member’’ is defined as ‘‘any Exchanges’’). The Exchange notes that each of its
registered broker or dealer that has been admitted affiliates has also filed or will also file proposed
to membership in the Exchange.’’ See Exchange rule changes with Commission to adopt similar
10 17 CFR 200.30–3(a)(12). Rule 1.5(n). physical connectivity fees.

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Document Created: 2018-02-23 09:20:58
Document Modified: 2018-02-23 09:20:58

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		80 FR 42567