80 FR 55691 - ISE Mercury, LLC; Notice of Filing of Application for Registration as a National Securities Exchange Under Section 6 of the Securities Exchange Act of 1934

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 179 (September 16, 2015)

[Federal Register Volume 80, Number 179 (Wednesday, September 16, 2015)]
[Notices]
[Pages 55691-55692]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-23220]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-75884; File No. 10-221]


ISE Mercury, LLC; Notice of Filing of Application for 
Registration as a National Securities Exchange Under Section 6 of the 
Securities Exchange Act of 1934

September 10, 2015.
    On September 29, 2014, ISE Mercury, LLC (``ISE Mercury'' or 
``Applicant'') submitted to the Securities and Exchange Commission 
(``Commission'') a Form 1 application under the Securities Exchange Act 
of 1934 (``Exchange Act''), seeking registration as a national 
securities exchange under Section 6 of the Exchange Act.\1\ On June

[[Page 55692]]

26, 2015, ISE Mercury submitted Amendment No. 1 to its Form 1 
application.
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    \1\ On September 9, 2015, the Commission issued an order 
granting the Applicant exemptive relief, subject to certain 
conditions, in connection with the filing of its Form 1 application. 
See Securities Exchange Act Release No. 75867. Because the 
Applicant's Form 1 application was incomplete without the exemptive 
relief, the date of filing of such application is September 9, 2015.
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    The Commission is publishing this notice to solicit comments on ISE 
Mercury's Form 1 application, as amended. The Commission will take any 
comments it receives into consideration in making its determination 
about whether to grant ISE Mercury's request to be registered as a 
national securities exchange. The Commission will grant the 
registration if it finds that the requirements of the Exchange Act and 
the rules and regulations thereunder with respect to ISE Mercury are 
satisfied.\2\
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    \2\ 15 U.S.C. 78s(a).
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    The Applicant's Form 1 application, as amended, provides detailed 
information on how ISE Mercury proposes to satisfy the requirements of 
the Exchange Act. The Form 1 application also provides that ISE Mercury 
would operate a fully automated electronic trading platform for the 
trading of listed options and would not maintain a physical trading 
floor. It also provides that liquidity would be derived from orders to 
buy and orders to sell submitted to ISE Mercury electronically by its 
registered broker-dealer members, as well as from quotes submitted 
electronically by market makers. Further, the Form 1 application states 
that ISE Mercury would be wholly-owned by its parent company, 
International Securities Exchange Holdings, Inc. (``ISE Holdings''), 
which also is the parent company of two existing national securities 
exchanges, ISE and ISE Gemini, LLC.
    A more detailed description of the manner of operation of ISE 
Mercury's proposed system can be found in Exhibit E to ISE Mercury's 
Form 1 application. The proposed rulebook for the proposed exchange can 
be found in Exhibit B to ISE Mercury's Form 1 application, and the 
governing documents for both ISE Mercury and ISE Holdings can be found 
in Exhibit A and Exhibit C to ISE Mercury's Form 1 application, 
respectively. A listing of the officers and directors of ISE Mercury 
can be found in Exhibit J to ISE Mercury's Form 1 application.
    ISE Mercury's Form 1 application, including all of the Exhibits 
referenced above, is available online at www.sec.gov/rules/other.shtml 
as well as in the Commission's Public Reference Room. Interested 
persons are invited to submit written data, views, and arguments 
concerning ISE Mercury's Form 1, including whether the application is 
consistent with the Exchange Act.
    Comments may be submitted by any of the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to [email protected]. Please include 
File Number 10-221 on the subject line.

Paper Comments

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

All submissions should refer to File Number 10-221. 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/other.shtml). 
Copies of the submission, all subsequent amendments, all written 
statements with respect to ISE Mercury's Form 1 filed with the 
Commission, and all written communications relating to the application 
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. 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 
publicly available. All submissions should refer to File Number 10-221 
and should be submitted on or before November 2, 2015.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\3\
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    \3\ 17 CFR 200.30-3(a)(57).
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Brent J. Fields,
Secretary.
[FR Doc. 2015-23220 Filed 9-15-15; 8:45 am]
 BILLING CODE 8011-01-P