80 FR 69256 - Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change To Establish a Retail Order Process Known as “RTFY”

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 216 (November 9, 2015)

[Federal Register Volume 80, Number 216 (Monday, November 9, 2015)]
[Notices]
[Page 69256]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-28405]



[[Page 69256]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-76335; File No. SR-NASDAQ-2015-112]


Self-Regulatory Organizations; The NASDAQ Stock Market LLC; 
Notice of Designation of a Longer Period for Commission Action on 
Proposed Rule Change To Establish a Retail Order Process Known as 
``RTFY''

November 3, 2015.
    On September 21, 2015 The NASDAQ Stock Market LLC (``NASDAQ'') 
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 
adopt a new routing option, the Retail Order Process (``RTFY''). The 
proposed rule change was published for comment in the Federal Register 
on October 1, 2015.\3\ The Commission received two comment letters on 
the proposed rule change.\4\ NASDAQ submitted a response to these 
comments.\5\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 75987 (September 25, 
2015), 80 FR 59210 (``Notice'').
    \4\ See letter from Joseph Saluzzi, Themis Trading LLC, to the 
Commission, dated September 29, 2015 (``Themis Letter''); letter 
from Suzanne Shatto to the Commission, dated October 6, 2015 
(``Shatto Letter'').
    \5\ See letter from Jonathan F. Cayne, Senior Associate General 
Counsel, NASDAQ, to Brent J. Fields, Secretary, Commission, dated 
October 22, 2015 (``NASDAQ Response'').
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    Section 19(b)(2) of the Act \6\ provides that, within 45 days of 
the publication of notice of the filing of a proposed rule change, or 
within such longer period up to 90 days as the Commission may designate 
if it finds such longer period to be appropriate and publishes its 
reasons for so finding or as to which the self-regulatory organization 
consents, the Commission shall either approve the proposed rule change, 
disapprove the proposed rule change, or institute proceedings to 
determine whether the proposed rule change should be disapproved. The 
45th day for this filing is November 15, 2015. The Commission finds 
that it is appropriate to designate a longer period within which to 
take action on the proposed rule change so that it has sufficient time 
to consider the proposed rule change, the comments received, and the 
Nasdaq Response. Therefore, the Commission is extending this 45-day 
time period.
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    \6\ 15 U.S.C. 78s(b)(2).
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    Accordingly, the Commission, pursuant to section 19(b)(2) of the 
Act,\7\ designates December 30, 2015, as the date by which the 
Commission should either approve or disapprove or institute proceedings 
to determine whether to disapprove the proposed rule change (File No. 
SR-NASDAQ-2015-112).
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    \7\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\8\
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    \8\ 17 CFR 200.30-3(a)(31).
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Brent J. Fields,
Secretary.
[FR Doc. 2015-28405 Filed 11-6-15; 8:45 am]
BILLING CODE 8011-01-P