80_FR_43290 80 FR 43151 - Self-Regulatory Organizations; EDGX Exchange, Inc.; Notice of Withdrawal of Proposed Rule Change, as Modified by Amendment No. 1, To Amend Rules 11.6, 11.8, 11.9, 11.10 and 11.11 of EDGX Exchange, Inc.

80 FR 43151 - Self-Regulatory Organizations; EDGX Exchange, Inc.; Notice of Withdrawal of Proposed Rule Change, as Modified by Amendment No. 1, To Amend Rules 11.6, 11.8, 11.9, 11.10 and 11.11 of EDGX Exchange, Inc.

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 139 (July 21, 2015)

Page Range43151-43151
FR Document2015-17756

Federal Register, Volume 80 Issue 139 (Tuesday, July 21, 2015) 
[Federal Register Volume 80, Number 139 (Tuesday, July 21, 2015)]
[Notices]
[Page 43151]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-17756]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-75457; File No. SR-EDGX-2015-08]


Self-Regulatory Organizations; EDGX Exchange, Inc.; Notice of 
Withdrawal of Proposed Rule Change, as Modified by Amendment No. 1, To 
Amend Rules 11.6, 11.8, 11.9, 11.10 and 11.11 of EDGX Exchange, Inc.

 July 15, 2015.
    On February 20, 2015, EDGX Exchange, Inc. (``Exchange'' or 
``EDGX'') filed with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 19(b)(1) of the Securities 
Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ a 
proposed rule change to amend Rules 11.6, 11.8, 11.9, 11.10 and 11.11 
to clarify and to include additional specificity regarding the current 
functionality of the Exchange's system, including the operation of its 
order types and order instructions. On February 27, 2015, the Exchange 
filed Amendment No. 1 to the proposal.\3\ The proposed rule change, as 
modified by Amendment No. 1, was published for comment in the Federal 
Register on March 10, 2015.\4\ On April 17, 2015, the Commission 
extended the time period in which to either approve or disapprove the 
proposed rule change, as modified by Amendment No. 1, to June 8, 
2015.\5\ The Commission received no comment letters on the proposed 
rule change, as modified by Amendment No. 1. On June 5, 2015, EDGX 
withdrew the proposed rule change, as modified by Amendment No. 1 (SR-
EDGX-2015-08).
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Amendment No. 1 replaced SR-EDGX-2015-08 and superseded such 
filing in its entirety.
    \4\ See Securities Exchange Act Release No. 74439 (March 4, 
2015), 80 FR 12666.
    \5\ See Securities Exchange Act Release No. 74762 (April 17, 
2015), 80 FR 22753 (April 23, 2015).
    \6\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-17756 Filed 7-20-15; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 80, No. 139 / Tuesday, July 21, 2015 / Notices 43151 For the Commission, by the Division of SECURITIES AND EXCHANGE Complex PIXL 7 Orders 8; (ii) increase Trading and Markets, pursuant to delegated COMMISSION the assessment of Multiply Listed authority.6 Options fees for non-Penny Pilot 9 Robert W. Errett, [Release No. 34–75455; File No. SR–Phlx– Options for electronic Professional,10 Deputy Secretary. 2015–61] Broker-Dealer,11 and Firm 12 orders; (iii) [FR Doc. 2015–17758 Filed 7–20–15; 8:45 am] Self-Regulatory Organizations; delete Customer Rebate Tier 2 and Tier BILLING CODE 8011–01–P 3 from notes 13 [sic] and 14 dealing NASDAQ OMX PHLX LLC; Notice of with Common Ownership; 13 and (iv) Filing and Immediate Effectiveness of increase the assessment of Singly-Listed SECURITIES AND EXCHANGE Proposed Rule Change Relating to FX options 14 fees for Professional, COMMISSION Customer Rebate Program, Multiply Broker-Dealer, and Firm orders. Listed Options, and Singly-Listed The text of the proposed rule change [Release No. 34–75457; File No. SR–EDGX– Options 2015–08] is available on the Exchange’s Web site July 15, 2015. at http:// Self-Regulatory Organizations; EDGX Pursuant to Section 19(b)(1) of the nasdaqomxphlx.cchwallstreet.com/, at Exchange, Inc.; Notice of Withdrawal Securities Exchange Act of 1934 the principal office of the Exchange, and of Proposed Rule Change, as Modified (‘‘Act’’),1 and Rule 19b–4 thereunder,2 at the Commission’s Public Reference by Amendment No. 1, To Amend Rules notice is hereby given that on July 1, Room. 11.6, 11.8, 11.9, 11.10 and 11.11 of 2015, NASDAQ OMX PHLX LLC II. Self-Regulatory Organization’s EDGX Exchange, Inc. (‘‘Phlx’’ or ‘‘Exchange’’) filed with the Statement of the Purpose of, and July 15, 2015. Securities and Exchange Commission Statutory Basis for, the Proposed Rule On February 20, 2015, EDGX (‘‘SEC’’ or ‘‘Commission’’) the proposed Change Exchange, Inc. (‘‘Exchange’’ or ‘‘EDGX’’) rule change as described in Items I, II, In its filing with the Commission, the filed with the Securities and Exchange and III, below, which Items have been Exchange included statements Commission (‘‘Commission’’), pursuant prepared by the Exchange. The concerning the purpose of and basis for to Section 19(b)(1) of the Securities Commission is publishing this notice to the proposed rule change and discussed Exchange Act of 1934 (‘‘Act’’) 1 and Rule solicit comments on the proposed rule any comments it received on the 19b–4 thereunder,2 a proposed rule change from interested persons. proposed rule change. The text of these change to amend Rules 11.6, 11.8, 11.9, I. Self-Regulatory Organization’s statements may be examined at the 11.10 and 11.11 to clarify and to include Statement of the Terms of Substance of places specified in Item IV below. The additional specificity regarding the the Proposed Rule Change current functionality of the Exchange’s 7 PIXLSM is the Exchange’s price improvement system, including the operation of its The Exchange proposes to modify the mechanism known as Price Improvement XL or order types and order instructions. On Phlx Pricing Schedule (‘‘Pricing PIXL. See Rule 1080(n). February 27, 2015, the Exchange filed Schedule’’). Specifically, the Exchange 8 A transaction resulting from an order that was proposes to amend pricing in Section B, electronically delivered utilizes Phlx XL. See Amendment No. 1 to the proposal.3 The Exchange Rules 1014 and 1080. Electronically proposed rule change, as modified by entitled ‘‘Customer Rebate Program,’’ 3 delivered orders do not include orders transacted Amendment No. 1, was published for Section II, entitled ‘‘Multiply Listed on the Exchange floor. A transaction resulting from Options Fees,’’ 4 and Section III, entitled an order that is non-electronically-delivered is comment in the Federal Register on represented on the trading floor by a floor broker. March 10, 2015.4 On April 17, 2015, the ‘‘Singly Listed Options,’’ 5 of the Pricing See Exchange Rule 1063. All orders are either Commission extended the time period Schedule. The Exchange proposes these electronically or non-electronically delivered. in which to either approve or amendments in order to: (i) Increase the 9 The Penny Pilot was established in January 2007 disapprove the proposed rule change, as rebates specifically for Tier 4 and Tier and was last extended in 2015. See Securities 5 (Category B) electronic Complex 6 and Exchange Act Release Nos. 55153 (January 23, modified by Amendment No. 1, to June 2007), 72 FR 4553 (January 31, 2007) (SR–Phlx– 8, 2015.5 The Commission received no 2006–74) (notice of filing and approval order comment letters on the proposed rule 1 15 U.S.C. 78s(b)(1). establishing Penny Pilot); and 75286 (June 24, 2015) change, as modified by Amendment No. 2 17 CFR 240.19b–4. (SR–Phlx–2015–54) (notice of filing and immediate 3 The term ‘‘Customer’’ applies to any transaction effectiveness extending the Penny Pilot through 1. On June 5, 2015, EDGX withdrew the June 30, 2016). Non-Penny Pilot Options are that is identified by a member or member proposed rule change, as modified by organization for clearing in the Customer range at options other than Penny Pilot Options listed on the Amendment No. 1 (SR–EDGX–2015– The Options Clearing Corporation (‘‘OCC’’) which Exchange (e.g. AAPL, BAC, EEM, FB, FXI, IWM, 08). is not for the account of broker or dealer or for the QQQ, TWTR, VXX and XLF), which can be found account of a ‘‘Professional’’ (as that term is defined at http://www.nasdaqtrader.com/ For the Commission, by the Division of in Rule 1000(b)(14). Micro.aspx?id=phlx. Trading and Markets, pursuant to delegated 4 This includes options overlying equities, 10 The term ‘‘Professional’’ means any person or authority.6 exchange traded funds (‘‘ETFs’’), exchange traded entity that (i) is not a broker or dealer in securities, Robert W. Errett, notes (‘‘ETNs’’) and indexes which are Multiply and (ii) places more than 390 orders in listed Listed. options per day on average during a calendar month Deputy Secretary. 5 This includes options overlying foreign for its own beneficial account(s). See Rule [FR Doc. 2015–17756 Filed 7–20–15; 8:45 am] exchange (‘‘FX’’), equities, ETFs, ETNs, and indexes 1000(b)(14). 11 The term ‘‘Broker-Dealer’’ applies to any BILLING CODE 8011–01–P not listed on another exchange. 6 A Complex Order is any order involving the transaction which is not subject to any of the other transaction fees applicable within a particular asabaliauskas on DSK5VPTVN1PROD with NOTICES 6 17 CFR 200.30–3(a)(12). simultaneous purchase and/or sale of two or more different options series in the same underlying category. 1 15 U.S.C. 78s(b)(1). 12 The term ‘‘Firm’’ applies to any transaction that 2 17 CFR 240.19b–4. security, priced at a net debit or credit based on the relative prices of the individual components, for the is identified by a member or member organization 3 Amendment No. 1 replaced SR–EDGX–2015–08 for clearing in the Firm range at The Options same account, for the purpose of executing a and superseded such filing in its entirety. particular investment strategy. Furthermore, a Clearing Corporation. 4 See Securities Exchange Act Release No. 74439 13 The term ‘‘Common Ownership’’ means Complex Order can also be a stock-option order, (March 4, 2015), 80 FR 12666. which is an order to buy or sell a stated number members or member organizations under 75% 5 See Securities Exchange Act Release No. 74762 of units of an underlying stock or ETF coupled with common ownership or control. (April 17, 2015), 80 FR 22753 (April 23, 2015). the purchase or sale of options contract(s). See 14 FX options include XDB, XDE, XDN, XDS, 6 17 CFR 200.30–3(a)(12). Exchange Rule 1080, Commentary .07(a)(i). XDA, XDM, XEH, XEV, XDZ, XDC, and XDV. VerDate Sep<11>2014 17:58 Jul 20, 2015 Jkt 235001 PO 00000 Frm 00101 Fmt 4703 Sfmt 4703 E:\FR\FM\21JYN1.SGM 21JYN1


Document Created: 2018-02-23 09:23:03
Document Modified: 2018-02-23 09:23:03
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation80 FR 43151 
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