80_FR_58508 80 FR 58321 - Self-Regulatory Organizations; ISE Gemini, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Schedule of Fees

80 FR 58321 - Self-Regulatory Organizations; ISE Gemini, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Schedule of Fees

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 187 (September 28, 2015)

Page Range58321-58322
FR Document2015-24515

Federal Register, Volume 80 Issue 187 (Monday, September 28, 2015)
[Federal Register Volume 80, Number 187 (Monday, September 28, 2015)]
[Notices]
[Pages 58321-58322]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-24515]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-75959; File No. SR-ISE Gemini-2015-16]


Self-Regulatory Organizations; ISE Gemini, LLC; Notice of Filing 
and Immediate Effectiveness of Proposed Rule Change To Amend the 
Schedule of Fees

September 22, 2015.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 
(the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given 
that on September 11, 2015, ISE Gemini, LLC (the ``Exchange'' or ``ISE 
Gemini'') filed with the Securities and Exchange Commission the 
proposed rule change, as described in Items I, II, and III below, which 
Items have been prepared by the self-regulatory organization. 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

    ISE Gemini proposes to amend the Schedule of Fees as described in 
more detail below. The text of the proposed rule change is available on 
the Exchange's Internet Web site at http://www.ise.com, at the 
principal office of the Exchange, 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 self-regulatory organization 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 Schedule of Fees to increase 
Taker Fees and Fees for Responses to Crossing Orders \3\ (excluding PIM 
orders) for Market Maker,\4\ Non-ISE Gemini Market Maker,\5\ Firm 
Proprietary \6\/Broker-Dealer,\7\ and Professional Customer \8\ 
(collectively, ``non-Priority Customer'') orders in Non-Penny 
Symbols.\9\ In Non-Penny Symbols, the current Taker Fee for Market 
Maker orders is $0.86 per contract, and the current Taker Fee for Non-
ISE Gemini Market Maker, Firm Proprietary/Broker Dealer, and 
Professional Customer orders is $0.87 per contract. Additionally, ISE 
Gemini charges Fees for Responses to Crossing Orders that are 
equivalent to the Taker Fees described above. The Exchange now proposes 
to increase its Taker Fees and Fees for Responses to Crossing Orders to 
$0.89 per contract for all non-Priority Customer orders executed in 
Non-Penny Symbols.
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    \3\ ``Responses to Crossing Orders'' are any contra-side 
interest (i.e., orders & quotes) submitted after the commencement of 
an auction in the Exchange's Facilitation Mechanism, Solicited Order 
Mechanism, Block Order Mechanism or Price Improvement Mechanism 
(``PIM'').
    \4\ The term Market Maker refers to ``Competitive Market 
Makers'' and ``Primary Market Makers'' collectively. See Rule 
100(a)(25).
    \5\ A ``Non-ISE Gemini Market Maker'' is a market maker as 
defined in Section 3(a)(38) of the Securities Exchange Act of 1934, 
as amended, registered in the same options class on another options 
exchange.
    \6\ A ``Firm Proprietary'' order is an order submitted by a 
member for its own proprietary account.
    \7\ A ``Broker-Dealer'' order is an order submitted by a member 
for a broker-dealer account that is not its own proprietary account.
    \8\ A ``Professional Customer'' is a person or entity that is 
not a broker/dealer and is not a Priority Customer.
    \9\ ``Non[hyphen]Penny Symbols'' are options overlying all 
symbols excluding Penny Symbols.
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2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent 
with the provisions of Section 6 of the Act,\10\ in general, and 
Section 6(b)(4) of the Act,\11\ in particular, in that it is designed 
to provide for the equitable allocation of reasonable dues, fees, and 
other charges among its members and other persons using its facilities.
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    \10\ 15 U.S.C. 78f.
    \11\ 15 U.S.C. 78f(b)(4).
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    The Exchange believes that it is reasonable and equitable to 
increase fees for non-Priority Customer orders in Non-Penny Symbols as 
the proposed Taker Fee is marginally higher than ISE's current fees and 
is set at a level ISE believes will remain attractive to its members. 
Further, the proposed Taker Fee is within the range of fees charged by 
other options exchanges, including, for example, the Nasdaq Options 
Market (``NOM''), which charges a fee of $0.94 per contract for Non-
Priority Customer orders in Non-Penny Pilot Symbols.\12\ Similarly, the 
proposed Fee for Responses to Crossing Orders in Non-Penny Symbols is 
being increased slightly and is appropriate to attract price 
improvement for Crossing Orders submitted to ISE. Further, the proposed 
Fee for Responses to Crossing Orders in Non-Penny Symbols is within the 
range of fees charged by other options exchanges, including, for 
example, BOX Options Exchange (``BOX''), which charges up to $1.22 per 
contract for non-customer responses in Non-Penny Pilot Symbols.\13\ In 
addition, while the Exchange is increasing the fee spread between non-
Priority Customer and Priority Customer \14\ orders, the

[[Page 58322]]

Exchange does not believe that the proposed changes are unfairly 
discriminatory. A Priority Customer is by definition not a broker or 
dealer in securities, and does not place more than 390 orders in listed 
options per day on average during a calendar month for its own 
beneficial account(s). This limitation does not apply to participants 
whose behavior is substantially similar to that of market 
professionals, including Professional Customers, who will generally 
submit a higher number of orders (many of which do not result in 
executions) than Priority Customers. Thus, as has historically been the 
case, Priority Customer orders remain entitled to more favorable fees 
than other market participants.
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    \12\ See NOM Fee Schedule, Chapter XV Options Pricing, Sec. 2. 
NASDAQ Options Market--Fees and Rebates.
    \13\ The fees charged by BOX to non-customers for Responses in 
the Solicitation of Facilitation Auction Mechanisms range from $0.20 
to $0.27. See BOX Fee Schedule, Section I. Exchange Fees, C. 
Facilitation and Solicitation Transactions. According to the Fee 
Schedule, ``Responses to Facilitation and Solicitation Orders 
executed in these mechanisms shall be charged the `add' fee.'' Id. 
at Section II. Liquidity Fees and Credits, B. Facilitation and 
Solicitation Transactions, second bullet. The Fee for Adding 
Liquidity in Non-Penny Pilot Classes for all account types is $0.95. 
Id. at Section II. Liquidity Fees and Credits, B. Facilitation and 
Solicitation Transactions. Thus, BOX's fees range from $1.15 to 
$1.22 per contract.
    \14\ In contrast to the proposed Taker Fee and Fee for Responses 
to Crossing Orders of $0.89, Priority Customer orders that remove 
liquidity on ISE Gemini are charged a lower Taker Fee of $0.82 for 
Tier 1 and $0.81 for Tiers 2-5 and a $0.82 Fee for Responses to 
Crossing Orders.
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B. Self-Regulatory Organization's Statement on Burden on Competition

    In accordance with Section 6(b)(8) of the Act,\15\ the Exchange 
does not believe that the proposed rule change will impose any burden 
on intermarket or intramarket competition that is not necessary or 
appropriate in furtherance of the purposes of the Act. The proposed 
fees are competitive with fees offered to orders executed on other 
options exchanges. The Exchange operates in a highly competitive market 
in which market participants can readily direct their order flow to 
competing venues. In such an environment, the Exchange must continually 
review, and consider adjusting, its fees to remain competitive with 
other exchanges. For the reasons described above, the Exchange believes 
that the proposed fee changes reflect this competitive environment.
---------------------------------------------------------------------------

    \15\ 15 U.S.C. 78f(b)(8).
---------------------------------------------------------------------------

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

    The Exchange has not solicited, and does not intend to solicit, 
comments on this proposed rule change. The Exchange has not received 
any unsolicited written comments from members or other interested 
parties.

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)(ii) of the Act,\16\ and subparagraph (f)(2) of Rule 19b-4 
thereunder,\17\ because it establishes a due, fee, or other charge 
imposed by ISE Gemini.
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    \16\ 15 U.S.C. 78s(b)(3)(A)(ii).
    \17\ 17 CFR 240.19b-4(f)(2).
---------------------------------------------------------------------------

    At any time within 60 days of the filing of such 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 shall institute proceedings to 
determine whether the proposed rule should be approved or disapproved.

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:

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 No. SR-ISE Gemini-2015-16 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-ISE Gemini-2015-16. 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 such 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-ISE Gemini-2015-16 and 
should be submitted by October 19, 2015.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\18\
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    \18\ 17 CFR 200.30-3(a)(12).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-24515 Filed 9-25-15; 8:45 am]
BILLING CODE 8011-01-P



                                                                        Federal Register / Vol. 80, No. 187 / Monday, September 28, 2015 / Notices                                                       58321

                                              Commission and any person, other than                   rule change is available on the                          now proposes to increase its Taker Fees
                                              those that may be withheld from the                     Exchange’s Internet Web site at http://                  and Fees for Responses to Crossing
                                              public in accordance with the                           www.ise.com, at the principal office of                  Orders to $0.89 per contract for all non-
                                              provisions of 5 U.S.C. 552, will be                     the Exchange, and at the Commission’s                    Priority Customer orders executed in
                                              available for Web site viewing and                      Public Reference Room.                                   Non-Penny Symbols.
                                              printing in the Commission’s Public
                                                                                                      II. Self-Regulatory Organization’s                       2. Statutory Basis
                                              Reference Room, 100 F Street NE.,
                                                                                                      Statement of the Purpose of, and                            The Exchange believes that the
                                              Washington, DC 20549, on official
                                                                                                      Statutory Basis for, the Proposed Rule                   proposed rule change is consistent with
                                              business days between the hours of
                                                                                                      Change                                                   the provisions of Section 6 of the Act,10
                                              10:00 a.m. and 3:00 p.m. Copies of the
                                              filing also will be available for                          In its filing with the Commission, the                in general, and Section 6(b)(4) of the
                                              inspection and copying at the principal                 Exchange included statements                             Act,11 in particular, in that it is designed
                                              office of the Exchange. All comments                    concerning the purpose of, and basis for,                to provide for the equitable allocation of
                                              received will be posted without change;                 the proposed rule change and discussed                   reasonable dues, fees, and other charges
                                              the Commission does not edit personal                   any comments it received on the                          among its members and other persons
                                              identifying information from                            proposed rule change. The text of these                  using its facilities.
                                              submissions. You should submit only                     statements may be examined at the                           The Exchange believes that it is
                                              information that you wish to make                       places specified in Item IV below. The                   reasonable and equitable to increase fees
                                              available publicly.                                     self-regulatory organization has                         for non-Priority Customer orders in
                                                 All submissions should refer to File                 prepared summaries, set forth in                         Non-Penny Symbols as the proposed
                                              Number SR–NYSE–2015–39 and should                       Sections A, B and C below, of the most                   Taker Fee is marginally higher than
                                              be submitted on or before October 19,                   significant aspects of such statements.                  ISE’s current fees and is set at a level
                                              2015.                                                   A. Self-Regulatory Organization’s                        ISE believes will remain attractive to its
                                                For the Commission, by the Division of                Statement of the Purpose of, and                         members. Further, the proposed Taker
                                              Trading and Markets, pursuant to delegated              Statutory Basis for, the Proposed Rule                   Fee is within the range of fees charged
                                              authority.15                                            Change                                                   by other options exchanges, including,
                                              Robert W. Errett,                                                                                                for example, the Nasdaq Options Market
                                              Deputy Secretary.
                                                                                                      1. Purpose                                               (‘‘NOM’’), which charges a fee of $0.94
                                              [FR Doc. 2015–24517 Filed 9–25–15; 8:45 am]                The Exchange proposes to amend its                    per contract for Non-Priority Customer
                                              BILLING CODE 8011–01–P                                  Schedule of Fees to increase Taker Fees                  orders in Non-Penny Pilot Symbols.12
                                                                                                      and Fees for Responses to Crossing                       Similarly, the proposed Fee for
                                                                                                      Orders 3 (excluding PIM orders) for                      Responses to Crossing Orders in Non-
                                              SECURITIES AND EXCHANGE                                 Market Maker,4 Non-ISE Gemini Market                     Penny Symbols is being increased
                                              COMMISSION                                              Maker,5 Firm Proprietary 6/Broker-                       slightly and is appropriate to attract
                                                                                                      Dealer,7 and Professional Customer 8                     price improvement for Crossing Orders
                                              [Release No. 34–75959; File No. SR–ISE                                                                           submitted to ISE. Further, the proposed
                                                                                                      (collectively, ‘‘non-Priority Customer’’)
                                              Gemini–2015–16]
                                                                                                      orders in Non-Penny Symbols.9 In Non-                    Fee for Responses to Crossing Orders in
                                              Self-Regulatory Organizations; ISE                      Penny Symbols, the current Taker Fee                     Non-Penny Symbols is within the range
                                              Gemini, LLC; Notice of Filing and                       for Market Maker orders is $0.86 per                     of fees charged by other options
                                              Immediate Effectiveness of Proposed                     contract, and the current Taker Fee for                  exchanges, including, for example, BOX
                                              Rule Change To Amend the Schedule                       Non-ISE Gemini Market Maker, Firm                        Options Exchange (‘‘BOX’’), which
                                              of Fees                                                 Proprietary/Broker Dealer, and                           charges up to $1.22 per contract for non-
                                                                                                      Professional Customer orders is $0.87                    customer responses in Non-Penny Pilot
                                              September 22, 2015.                                     per contract. Additionally, ISE Gemini                   Symbols.13 In addition, while the
                                                 Pursuant to Section 19(b)(1) of the                  charges Fees for Responses to Crossing                   Exchange is increasing the fee spread
                                              Securities Exchange Act of 1934 (the                    Orders that are equivalent to the Taker                  between non-Priority Customer and
                                              ‘‘Act’’),1 and Rule 19b–4 thereunder,2                  Fees described above. The Exchange                       Priority Customer 14 orders, the
                                              notice is hereby given that on
                                              September 11, 2015, ISE Gemini, LLC                        3 ‘‘Responses to Crossing Orders’’ are any contra-      10 15 U.S.C. 78f.
                                              (the ‘‘Exchange’’ or ‘‘ISE Gemini’’) filed              side interest (i.e., orders & quotes) submitted after      11 15 U.S.C. 78f(b)(4).
                                                                                                      the commencement of an auction in the Exchange’s           12 See NOM Fee Schedule, Chapter XV Options
                                              with the Securities and Exchange                        Facilitation Mechanism, Solicited Order                  Pricing, Sec. 2. NASDAQ Options Market—Fees
                                              Commission the proposed rule change,                    Mechanism, Block Order Mechanism or Price                and Rebates.
                                              as described in Items I, II, and III below,             Improvement Mechanism (‘‘PIM’’).                           13 The fees charged by BOX to non-customers for
                                                                                                         4 The term Market Maker refers to ‘‘Competitive
                                              which Items have been prepared by the                                                                            Responses in the Solicitation of Facilitation
                                                                                                      Market Makers’’ and ‘‘Primary Market Makers’’            Auction Mechanisms range from $0.20 to $0.27. See
                                              self-regulatory organization. The                       collectively. See Rule 100(a)(25).                       BOX Fee Schedule, Section I. Exchange Fees, C.
                                              Commission is publishing this notice to                    5 A ‘‘Non-ISE Gemini Market Maker’’ is a market
                                                                                                                                                               Facilitation and Solicitation Transactions.
                                              solicit comments on the proposed rule                   maker as defined in Section 3(a)(38) of the              According to the Fee Schedule, ‘‘Responses to
                                              change from interested persons.                         Securities Exchange Act of 1934, as amended,             Facilitation and Solicitation Orders executed in
                                                                                                      registered in the same options class on another          these mechanisms shall be charged the ‘add’ fee.’’
                                              I. Self-Regulatory Organization’s                       options exchange.                                        Id. at Section II. Liquidity Fees and Credits, B.
                                              Statement of the Terms of Substance of                     6 A ‘‘Firm Proprietary’’ order is an order
                                                                                                                                                               Facilitation and Solicitation Transactions, second
                                              the Proposed Rule Change                                submitted by a member for its own proprietary            bullet. The Fee for Adding Liquidity in Non-Penny
                                                                                                      account.                                                 Pilot Classes for all account types is $0.95. Id. at
tkelley on DSK3SPTVN1PROD with NOTICES




                                                 ISE Gemini proposes to amend the                        7 A ‘‘Broker-Dealer’’ order is an order submitted     Section II. Liquidity Fees and Credits, B.
                                              Schedule of Fees as described in more                   by a member for a broker-dealer account that is not      Facilitation and Solicitation Transactions. Thus,
                                                                                                      its own proprietary account.                             BOX’s fees range from $1.15 to $1.22 per contract.
                                              detail below. The text of the proposed                     8 A ‘‘Professional Customer’’ is a person or entity     14 In contrast to the proposed Taker Fee and Fee

                                                                                                      that is not a broker/dealer and is not a Priority        for Responses to Crossing Orders of $0.89, Priority
                                                15 See 17 CFR 200.30–3(a)(12).                        Customer.                                                Customer orders that remove liquidity on ISE
                                                1 15 U.S.C. 78s(b)(1).                                   9 ‘‘Non-Penny Symbols’’ are options overlying all     Gemini are charged a lower Taker Fee of $0.82 for
                                                2 17 CFR 240.19b–4.                                   symbols excluding Penny Symbols.                                                                    Continued




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                                              58322                      Federal Register / Vol. 80, No. 187 / Monday, September 28, 2015 / Notices

                                              Exchange does not believe that the                      due, fee, or other charge imposed by ISE              the Commission does not edit personal
                                              proposed changes are unfairly                           Gemini.                                               identifying information from
                                              discriminatory. A Priority Customer is                     At any time within 60 days of the                  submissions. You should submit only
                                              by definition not a broker or dealer in                 filing of such proposed rule change, the              information that you wish to make
                                              securities, and does not place more than                Commission summarily may                              available publicly. All submissions
                                              390 orders in listed options per day on                 temporarily suspend such rule change if               should refer to File Number SR–ISE
                                              average during a calendar month for its                 it appears to the Commission that such                Gemini–2015–16 and should be
                                              own beneficial account(s). This                         action is necessary or appropriate in the             submitted by October 19, 2015.
                                              limitation does not apply to participants               public interest, for the protection of                  For the Commission, by the Division of
                                              whose behavior is substantially similar                 investors, or otherwise in furtherance of             Trading and Markets, pursuant to delegated
                                              to that of market professionals,                        the purposes of the Act. If the                       authority.18
                                              including Professional Customers, who                   Commission takes such action, the                     Robert W. Errett,
                                              will generally submit a higher number                   Commission shall institute proceedings
                                                                                                                                                            Deputy Secretary.
                                              of orders (many of which do not result                  to determine whether the proposed rule
                                                                                                                                                            [FR Doc. 2015–24515 Filed 9–25–15; 8:45 am]
                                              in executions) than Priority Customers.                 should be approved or disapproved.
                                                                                                                                                            BILLING CODE 8011–01–P
                                              Thus, as has historically been the case,                IV. Solicitation of Comments
                                              Priority Customer orders remain entitled
                                              to more favorable fees than other market                  Interested persons are invited to
                                                                                                      submit written data, views, and                       SECURITIES AND EXCHANGE
                                              participants.                                                                                                 COMMISSION
                                                                                                      arguments concerning the foregoing,
                                              B. Self-Regulatory Organization’s                       including whether the proposed rule                   [Release Nos. 33–9924; 34–75961; File No.
                                              Statement on Burden on Competition                      change is consistent with the Act.                    265–28]
                                                In accordance with Section 6(b)(8) of                 Comments may be submitted by any of
                                              the Act,15 the Exchange does not believe                the following methods:                                Investor Advisory Committee Meeting
                                              that the proposed rule change will                      Electronic Comments                                   AGENCY:  Securities and Exchange
                                              impose any burden on intermarket or                                                                           Commission.
                                                                                                        • Use the Commission’s Internet
                                              intramarket competition that is not                                                                           ACTION: Notice of Meeting of Securities
                                                                                                      comment form (http://www.sec.gov/
                                              necessary or appropriate in furtherance                                                                       and Exchange Commission Dodd-Frank
                                                                                                      rules/sro.shtml); or
                                              of the purposes of the Act. The                           • Send an Email to rule-comments@                   Investor Advisory Committee.
                                              proposed fees are competitive with fees                 sec.gov. Please include File No. SR–ISE
                                              offered to orders executed on other                     Gemini–2015–16 on the subject line.                   SUMMARY:   The Securities and Exchange
                                              options exchanges. The Exchange                                                                               Commission Investor Advisory
                                              operates in a highly competitive market                 Paper Comments                                        Committee, established pursuant to
                                              in which market participants can                           • Send paper comments in triplicate                Section 911 of the Dodd-Frank Wall
                                              readily direct their order flow to                      to Secretary, Securities and Exchange                 Street Reform and Consumer Protection
                                              competing venues. In such an                            Commission, 100 F Street NE.,                         Act of 2010, is providing notice that it
                                              environment, the Exchange must                          Washington, DC 20549–1090.                            will hold a public meeting. The public
                                              continually review, and consider                        All submissions should refer to File                  is invited to submit written statements
                                              adjusting, its fees to remain competitive               Number SR–ISE Gemini–2015–16. This                    to the Committee.
                                              with other exchanges. For the reasons                   file number should be included on the                 DATES: The meeting will be held on
                                              described above, the Exchange believes                  subject line if email is used. To help the            Thursday, October 15, 2015 from 10:00
                                              that the proposed fee changes reflect                   Commission process and review your                    a.m. until 4:00 p.m. (ET). Written
                                              this competitive environment.                           comments more efficiently, please use                 statements should be received on or
                                              C. Self-Regulatory Organization’s                       only one method. The Commission will                  before October 15, 2015.
                                              Statement on Comments on the                            post all comments on the Commission’s                 ADDRESSES: The meeting will be held in
                                              Proposed Rule Change Received From                      Internet Web site (http://www.sec.gov/                Multi-Purpose Room LL–006 at the
                                              Members, Participants or Others                         rules/sro.shtml). Copies of the                       Commission’s headquarters, 100 F
                                                                                                      submission, all subsequent                            Street, NE., Washington, DC 20549. The
                                                The Exchange has not solicited, and                   amendments, all written statements
                                              does not intend to solicit, comments on                                                                       meeting will be webcast on the
                                                                                                      with respect to the proposed rule                     Commission’s Web site at www.sec.gov.
                                              this proposed rule change. The                          change that are filed with the
                                              Exchange has not received any                                                                                 Written statements may be submitted by
                                                                                                      Commission, and all written                           any of the following methods:
                                              unsolicited written comments from                       communications relating to the
                                              members or other interested parties.                    proposed rule change between the                      Electronic Statements
                                              III. Date of Effectiveness of the                       Commission and any person, other than                   D Use the Commission’s Internet
                                              Proposed Rule Change and Timing for                     those that may be withheld from the                   submission form(http://www.sec.gov/
                                              Commission Action                                       public in accordance with the                         rules/other.shtml); or
                                                 The foregoing rule change has become
                                                                                                      provisions of 5 U.S.C. 552, will be                     D Send an email message to rules-
                                                                                                      available for Web site viewing and                    comments@sec.gov. Please include File
                                              effective pursuant to Section
                                                                                                      printing in the Commission’s Public                   No. 265–28 on the subject line; or
                                              19(b)(3)(A)(ii) of the Act,16 and
                                                                                                      Reference Room, 100 F Street NE.,
                                              subparagraph (f)(2) of Rule 19b–4                                                                             Paper Statements
tkelley on DSK3SPTVN1PROD with NOTICES




                                                                                                      Washington, DC 20549 on official
                                              thereunder,17 because it establishes a
                                                                                                      business days between the hours of                      D Send paper statements to Brent J.
                                                                                                      10:00 a.m. and 3:00 p.m. Copies of such               Fields, Secretary, Securities and
                                              Tier 1 and $0.81 for Tiers 2–5 and a $0.82 Fee for
                                              Responses to Crossing Orders.                           filing also will be available for                     Exchange Commission, 100 F Street NE.,
                                                15 15 U.S.C. 78f(b)(8).                               inspection and copying at the principal               Washington, DC 20549–1090.
                                                16 15 U.S.C. 78s(b)(3)(A)(ii).                        office of the Exchange. All comments
                                                17 17 CFR 240.19b–4(f)(2).                            received will be posted without change;                 18 17   CFR 200.30–3(a)(12).



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Document Created: 2018-02-26 10:22:07
Document Modified: 2018-02-26 10:22:07
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 58321 

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