81 FR 68084 - Self-Regulatory Organizations; Miami International Securities Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Its Fee Schedule
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 191 (October 3, 2016)
Federal Register Volume 81, Issue 191 (October 3, 2016)
| Page Range | 68084-68086 | |
| FR Document | 2016-23751 |
[Federal Register Volume 81, Number 191 (Monday, October 3, 2016)] [Notices] [Pages 68084-68086] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-23751] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-78950; File No. SR-MIAX-2016-33] Self-Regulatory Organizations; Miami International Securities Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Its Fee Schedule September 27, 2016. Pursuant to the provisions of 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 September 15, 2016, Miami International Securities Exchange LLC (``MIAX'' or ``Exchange'') filed with the Securities and Exchange Commission (``Commission'') a 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. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange is filing a proposal to amend the MIAX Options Fee Schedule (the ``Fee Schedule''). While changes to the Fee Schedule pursuant to this proposal are effective upon filing, the Exchange has designated these changes to be operative on October 1, 2016. The text of the proposed rule change is available on the Exchange's Web site at http://www.miaxoptions.com/filter/wotitle/rule_filing, at MIAX's principal office, 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 the MIAX Options Fee Schedule (the ``Fee Schedule'') to offer two (2) additional Limited Service MIAX Express Interface (``MEI'') Ports to Market Makers. Currently, MIAX assesses monthly MEI Port Fees on Market Makers based upon the number of MIAX matching engines \3\ used by the Market Maker. Market Makers are allocated two (2) Full Service MEI Ports \4\ and two (2) Limited Service MEI Ports \5\ per matching engine to which they connect. The Exchange currently assesses the following MEI Port fees: (i) $5,000 for Market Maker Assignments in up to 5 option classes or up to 10% of option classes by volume; (ii) $10,000 for Market Maker Assignments in up to 10 option classes or up to 20% of option classes by volume; (iii) $14,000 for Market Maker Assignments in up to 40 option classes or up to 35% of option classes by volume; (iv) $17,500 for Market Maker Assignments in up to 100 option classes or up to 50% of option classes by volume; and (v) $20,500.00 for Market Maker Assignments in over 100 option classes or over 50% of option classes by volume up to all option classes listed on MIAX.\6\ In each of the foregoing categories, the stated fee applies if the less of the two applicable measurements is met. For example, a Market Maker that wishes to make markets in just one symbol would require the two (2) MEI Ports in a single matching engine; a Market Maker wishing to make markets in all symbols traded on MIAX would require the two (2) MEI Ports in each of the Exchange's matching engines. The Exchange also currently charges $50 per month for each additional Limited Service MEI Port per matching engine for Market Makers over and above the two (2) Limited Service MEI Ports per matching engine that are allocated with the Full Service MEI Ports. The Full Service MEI Ports, Limited Service MEI Ports, and the additional Limited Service MEI Ports all include access to MIAX's primary and secondary data centers and its disaster recovery center. --------------------------------------------------------------------------- \3\ A ``matching engine'' is a part of the MIAX electronic system that processes options quotes and trades on a symbol-by- symbol basis. Some matching engines will process option classes with multiple root symbols, and other matching engines will be dedicated to one single option root symbol (for example, options on SPY will be processed by one single matching engine that is dedicated only to SPY). A particular root symbol may only be assigned to a single designated matching engine. A particular root symbol may not be assigned to multiple matching engines. \4\ Full Service MEI Ports provide Market Makers with the ability to send Market Maker quotes, eQuotes, and quote purge messages to the MIAX System. Full Service MEI Ports are also capable of receiving administrative information. Market Makers are limited to two Full Service MEI Ports per matching engine. \5\ Limited Service MEI Ports provide Market Makers with the ability to send eQuotes and quote purge messages only, but not Market Maker Quotes, to the MIAX System. Limited Service MEI Ports are also capable of receiving administrative information. Market Makers initially receive two Limited Service MEI Ports per matching engine. \6\ See MIAX Fee Schedule, Section 5)d)ii). --------------------------------------------------------------------------- The Exchange originally added the Limited Service MEI Ports to enhance the MEI Port connectivity made available to Market Makers, and subsequently made additional Limited Service MEI Ports available to Market Makers.\7\ Limited Service MEI Ports have been well received by Market Makers since their addition. The Exchange now proposes to offer to Market Makers the ability to purchase an additional two (2) Limited Service MEI Ports per matching engine over and [[Page 68085]] above the current two (2) additional Limited Service MEI Ports per matching engine that are available for purchase by Market Makers. The Exchange proposes to charge the same amount that it currently charges, $50 per month, for each extra Limited Service MEI Port per matching engine. The Exchange proposes making a corresponding change to footnote 31 of the Exchange's Fee Schedule to specify that Market Makers will now be limited to purchasing four (4) additional Limited Service MEI Ports per matching engine, for a total of six (6) per matching engine. All other fees related to MEI Ports shall remain unchanged. --------------------------------------------------------------------------- \7\ See Securities Exchange Act Release No. 70137 (August 8, 2013), 78 FR 49586 (August 14, 2013) (SR-MIAX-2013-39); see also Exchange Act Release No. 70903 (November 20, 2013), 78 FR 228 (November 26, 2013) (SR-MIAX-2013-52). --------------------------------------------------------------------------- The purpose of this amendment to the Fee Schedule is to provide Market Makers with greater and improved technical flexibility to connect additional Limited Service MEI Ports to independent servers that host their eQuote and purge functionality. The Exchange believes that the offering of additional ports will help Market Makers mitigate the risk of using the same server for all of their Market Maker quoting activity. By using the additional Limited Service MEI Ports for risk purposes, Market Makers can place purge functionality on a different server than the Market Maker quoting server (via the Limited Service MEI Ports), which provides them a failsafe for getting out of the market in case they have an issue with the quote server. Market Makers can also use the extra Limited Service MEI Ports to submit eQuotes. Since eQuotes are frequently generated by a different algorithm that determines when to respond to an auction message, the Exchange believes that the offering of additional ports will further enable Market Makers to connect to a different server that processes auctions and eQuotes rather than forcing them to use their Market Maker Standard quote server as a gateway for communicating eQuotes to MIAX. 2. Statutory Basis The Exchange believes that its proposal to amend its Fee Schedule is consistent with Section 6(b) of the Act \8\ in general, and furthers the objectives of Section 6(b)(4) of the Act \9\ in particular, in that it provides for the equitable allocation of reasonable dues, fees and other charges among members and issuers and other persons using any facility or system which the Exchange operates or controls. The Exchange also believes the proposal furthers the objectives of Section 6(b)(5) of the Act \10\ in that it is designed to promote just and equitable principles of trade, 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 and is not designed to permit unfair discrimination between customers, issuers, brokers and dealers. --------------------------------------------------------------------------- \8\ 15 U.S.C. 78f(b). \9\ 15 U.S.C. 78f(b)(4). \10\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- The Exchange believes that its proposal is consistent with Section 6(b)(4) of the Act because only Market Makers that decide that they need the extra Limited Service MEI Ports will be charged the additional fee. The Exchange further believes that the availability of the additional Limited Service MEI Ports is equitable and not unfairly discriminatory because it further enhances Market Makers' access to the MIAX System and consequently enhances the marketplace by helping Market Makers to better manage risk, thus preserving the integrity of the MIAX markets, all to the benefit of and protection of investors and the public as a whole. The Exchange also believes that its proposal is consistent with the objectives of Section 6(b)(5) of the Act \11\ because the additional Limited Service MEI Ports are available to all Market Makers and the proposed fees assessable for the additional Limited Service MEI Ports apply equally to all Market Makers regardless of type, and access to the Exchange is offered on terms that are not unfairly discriminatory. The Exchange designed the fee rates in order to provide objective criteria for Market Makers of different sizes and business models to be assessed a MEI Port fee and to have technical connectivity that best matches their quoting activity on the Exchange and the offering of additional Limited Service MEI Ports comports with this objective. --------------------------------------------------------------------------- \11\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- B. Self-Regulatory Organization's Statement on Burden on Competition The Exchange does not believe that the proposed rule change will result in any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act. The Exchange believes that the proposal increases both intermarket and intramarket competition by enabling Market Makers to enhance their connectivity to the Exchange in a manner that is designed to provide Market Makers of different sizes and business models to be assessed a MEI Port fee and to have technical connectivity that best matches their quoting activity on the Exchange and the offering of additional Limited Service MEI Ports comports with this objective. The Exchange believes that the proposal will increase competition amongst Market Makers of different sizes and business models by encouraging Market Makers to connect additional Limited Service Ports to independent servers that host their eQuote and purge functionality and thereby increase such functionality. The Exchange notes that it operates in a highly competitive market in which market participants can readily favor competing venues if they deem fee levels at a particular venue to be excessive. In such an environment, the Exchange must continually adjust its fees to remain competitive with other exchanges and in order to attract market participants to use its services. The Exchange believes that the proposal reflects this competitive environment because it increases the Exchange's fees in a manner that continues to encourage market participants to register as Market Makers on the Exchange, to provide liquidity, and to attract order flow. To the extent that this purpose is achieved, all the Exchange's market participants should benefit from the improved market liquidity. C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others Written comments were neither solicited nor received. 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,\12\ and Rule 19b-4(f)(2) \13\ 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 shall institute proceedings to determine whether the proposed rule should be approved or disapproved. --------------------------------------------------------------------------- \12\ 15 U.S.C. 78s(b)(3)(A)(ii). \13\ 17 CFR 240.19b-4(f)(2). --------------------------------------------------------------------------- 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. [[Page 68086]] Comments may be submitted by any of the following methods: Electronic CommentsUse the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or Send an email to [email protected]. Please include File Number SR-MIAX-2016-33 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-MIAX-2016-33. 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-MIAX-2016-33 and should be submitted on or before October 24, 2016. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\14\ --------------------------------------------------------------------------- \14\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Robert W. Errett, Deputy Secretary. [FR Doc. 2016-23751 Filed 9-30-16; 8:45 am] BILLING CODE 8011-01-P
![68084 Federal Register / Vol. 81, No. 191 / Monday, October 3, 2016 / Notices
rule change, or institute proceedings to comments on the proposed rule change Service MEI Ports 5 per matching engine
determine whether to approve or from interested persons. to which they connect. The Exchange
disapprove the proposed rule change to currently assesses the following MEI
I. Self-Regulatory Organization’s
July 21, 2016.6 On June 24, 2016, the Port fees: (i) $5,000 for Market Maker
Statement of the Terms of Substance of
Exchange submitted a Response Letter Assignments in up to 5 option classes or
the Proposed Rule Change
and filed Amendment No. 2 to the up to 10% of option classes by volume;
proposed rule change. 7 On July 27, The Exchange is filing a proposal to (ii) $10,000 for Market Maker
2016, the Commission instituted amend the MIAX Options Fee Schedule Assignments in up to 10 option classes
proceedings pursuant to Exchange Act (the ‘‘Fee Schedule’’). While changes to or up to 20% of option classes by
Section 19(b)(2)(B) to determine the Fee Schedule pursuant to this volume; (iii) $14,000 for Market Maker
whether to approve or disapprove the proposal are effective upon filing, the Assignments in up to 40 option classes
proposed rule change, as modified by Exchange has designated these changes or up to 35% of option classes by
Amendment Nos. 1 and 2.8 The to be operative on October 1, 2016. volume; (iv) $17,500 for Market Maker
Commission received no additional The text of the proposed rule change Assignments in up to 100 option classes
comments on the proposed rule change. is available on the Exchange’s Web site or up to 50% of option classes by
On September 22, 2016, the Exchange at http://www.miaxoptions.com/filter/ volume; and (v) $20,500.00 for Market
withdrew the proposed rule change, as wotitle/rule_filing, at MIAX’s principal Maker Assignments in over 100 option
modified by Amendment Nos. 1 and 2. office, and at the Commission’s Public classes or over 50% of option classes by
(SR–NYSE–2016–11). Reference Room. volume up to all option classes listed on
For the Commission, by the Division of MIAX.6 In each of the foregoing
II. Self-Regulatory Organization’s categories, the stated fee applies if the
Trading and Markets, pursuant to delegated Statement of the Purpose of, and
authority.9 less of the two applicable measurements
Statutory Basis for, the Proposed Rule is met. For example, a Market Maker
Robert W. Errett, Change
Deputy Secretary. that wishes to make markets in just one
[FR Doc. 2016–23754 Filed 9–30–16; 8:45 am]
In its filing with the Commission, the symbol would require the two (2) MEI
Exchange included statements Ports in a single matching engine; a
BILLING CODE 8011–01–P
concerning the purpose of and basis for Market Maker wishing to make markets
the proposed rule change and discussed in all symbols traded on MIAX would
SECURITIES AND EXCHANGE any comments it received on the require the two (2) MEI Ports in each of
COMMISSION proposed rule change. The text of these the Exchange’s matching engines. The
statements may be examined at the Exchange also currently charges $50 per
[Release No. 34–78950; File No. SR–MIAX– places specified in Item IV below. The month for each additional Limited
2016–33] Exchange has prepared summaries, set Service MEI Port per matching engine
forth in sections A, B, and C below, of for Market Makers over and above the
Self-Regulatory Organizations; Miami
the most significant aspects of such two (2) Limited Service MEI Ports per
International Securities Exchange LLC;
statements. matching engine that are allocated with
Notice of Filing and Immediate
the Full Service MEI Ports. The Full
Effectiveness of Proposed Rule A. Self-Regulatory Organization’s Service MEI Ports, Limited Service MEI
Change To Amend Its Fee Schedule Statement of the Purpose of, and Ports, and the additional Limited
Statutory Basis for, the Proposed Rule Service MEI Ports all include access to
September 27, 2016.
Change MIAX’s primary and secondary data
Pursuant to the provisions of Section
19(b)(1) of the Securities Exchange Act 1. Purpose centers and its disaster recovery center.
of 1934 (‘‘Act’’) 1 and Rule 19b–4 The Exchange originally added the
The Exchange proposes to amend the Limited Service MEI Ports to enhance
thereunder,2 notice is hereby given that MIAX Options Fee Schedule (the ‘‘Fee
on September 15, 2016, Miami the MEI Port connectivity made
Schedule’’) to offer two (2) additional available to Market Makers, and
International Securities Exchange LLC Limited Service MIAX Express Interface
(‘‘MIAX’’ or ‘‘Exchange’’) filed with the subsequently made additional Limited
(‘‘MEI’’) Ports to Market Makers. Service MEI Ports available to Market
Securities and Exchange Commission Currently, MIAX assesses monthly
(‘‘Commission’’) a proposed rule change Makers.7 Limited Service MEI Ports
MEI Port Fees on Market Makers based have been well received by Market
as described in Items I, II, and III below, upon the number of MIAX matching
which Items have been prepared by the Makers since their addition. The
engines 3 used by the Market Maker. Exchange now proposes to offer to
Exchange. The Commission is
Market Makers are allocated two (2) Full Market Makers the ability to purchase
publishing this notice to solicit
Service MEI Ports 4 and two (2) Limited an additional two (2) Limited Service
6 See Securities Exchange Act Release No. 34–
3 A ‘‘matching engine’’ is a part of the MIAX
MEI Ports per matching engine over and
77976 (June 2, 2016), 81 FR 36981.
7 In Amendment No. 2 the Exchange proposed
electronic system that processes options quotes and
trades on a symbol-by-symbol basis. Some matching Makers are limited to two Full Service MEI Ports
that Rebroadcasting Users and Transmittal Users engines will process option classes with multiple per matching engine.
would not be charged for their first two Multicast root symbols, and other matching engines will be 5 Limited Service MEI Ports provide Market
End Users and Unicast End Users, respectively, and dedicated to one single option root symbol (for Makers with the ability to send eQuotes and quote
offers additional support for the proposal. example, options on SPY will be processed by one purge messages only, but not Market Maker Quotes,
Amendment No. 2 was noticed in the Commission’s single matching engine that is dedicated only to to the MIAX System. Limited Service MEI Ports are
sradovich on DSK3GMQ082PROD with NOTICES
Order Instituting Proceedings and is also available SPY). A particular root symbol may only be also capable of receiving administrative
on the Commission’s Web site at https:// assigned to a single designated matching engine. A information. Market Makers initially receive two
www.sec.gov/comments/sr-nyse-2016-11/ particular root symbol may not be assigned to Limited Service MEI Ports per matching engine.
nyse201611-4.pdf. multiple matching engines. 6 See MIAX Fee Schedule, Section 5)d)ii).
8 See Securities Exchange Act Release No. 34–
4 Full Service MEI Ports provide Market Makers 7 See Securities Exchange Act Release No. 70137
78387 (July 21, 2016); 81 FR 49300. with the ability to send Market Maker quotes, (August 8, 2013), 78 FR 49586 (August 14, 2013)
9 17 CFR 200.30–3(a)(12).
eQuotes, and quote purge messages to the MIAX (SR–MIAX–2013–39); see also Exchange Act
1 15 U.S.C. 78s(b)(1).
System. Full Service MEI Ports are also capable of Release No. 70903 (November 20, 2013), 78 FR 228
2 17 CFR 240.19b–4. receiving administrative information. Market (November 26, 2013) (SR–MIAX–2013–52).
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![68086 Federal Register / Vol. 81, No. 191 / Monday, October 3, 2016 / Notices
Comments may be submitted by any of SECURITIES AND EXCHANGE Exchange filed Amendment No. 2 to the
the following methods: COMMISSION proposed rule change.7 On July 27,
2016, the Commission instituted
Electronic Comments [Release No. 34–78952; File No. SR–
proceedings pursuant to Exchange Act
NYSEArca–2016–19]
• Use the Commission’s Internet Section 19(b)(2)(B) to determine
comment form (http://www.sec.gov/ Self-Regulatory Organizations; NYSE whether to approve or disapprove the
Arca, Inc.; Notice of Withdrawal of a proposed rule change, as modified by
rules/sro.shtml); or
Proposed Rule Change, as Modified by Amendment Nos. 1 and 2.8 The
• Send an email to rule-comments@ Amendment Nos. 1 and 2, To Establish Commission received no comments in
sec.gov. Please include File Number SR– Certain End User Fees, Amend the response.
MIAX–2016–33 on the subject line. Definition of Affiliate, and Amend the On September 22, 2016, the Exchange
Co-Location Section of the Fee withdrew the proposed rule change, as
Paper comments modified by Amendment Nos. 1 and 2.
Schedule To Reflect the Changes
• Send paper comments in triplicate (SR–NYSEArca–2016–19).
September 27, 2016. For the Commission, by the Division of
to Secretary, Securities and Exchange
On April 4, 2016, NYSE Arca, Inc. Trading and Markets, pursuant to delegated
Commission, 100 F Street NE.,
(the ‘‘Exchange’’ or ‘‘NYSE Arca’’) filed authority.9
Washington, DC 20549–1090.
with the Securities and Exchange Robert W. Errett,
All submissions should refer to File Commission (‘‘Commission’’), pursuant Deputy Secretary.
Number SR–MIAX–2016–33. This file to Section 19(b)(1) of the Securities [FR Doc. 2016–23753 Filed 9–30–16; 8:45 am]
number should be included on the Exchange Act of 1934 (‘‘Act’’) 1 and Rule
BILLING CODE 8011–01–P
subject line if email is used. To help the 19b–4 thereunder,2 a proposed rule
Commission process and review your change to amend the co-location section
comments more efficiently, please use of the NYSE Arca Equities Schedule of SECURITIES AND EXCHANGE
only one method. The Commission will Fees and Charges for Exchange Services COMMISSION
post all comments on the Commission’s and the NYSE Arca Options Fee
Schedule to establish fees relating to [Release No. 34–78951; File No. SR–
Internet Web site (http://www.sec.gov/ NYSEMKT–2016–15]
end users of certain co-location Users in
rules/sro.shtml). Copies of the
the Exchange’s data center and to
submission, all subsequent Self-Regulatory Organizations; NYSE
amend the definition of ‘‘Affiliate.’’ The
amendments, all written statements MKT LLC; Notice of Withdrawal of a
Commission published the proposed
with respect to the proposed rule Proposed Change, as Modified by
rule change for comment in the Federal
change that are filed with the Amendment Nos. 1 and 2, Establishing
Register on April 22, 2016.3 On April
Commission, and all written Fees Relating to End Users and
29, 2016, the Exchange filed
communications relating to the Amending the Definition of ‘‘Affiliate,’’
Amendment No. 1 to the proposed rule
proposed rule change between the as Well as Amending the NYSE MKT
change.4 The Commission received no
Commission and any person, other than Equities Price List and the NYSE Amex
comments on the proposed rule
those that may be withheld from the Options Fee Schedule To Reflect the
change.5 On June 8, 2016, the
Commission extended the time period Changes
public in accordance with the
provisions of 5 U.S.C. 552, will be within which to approve the proposed September 27, 2016.
available for Web site viewing and rule change, disapprove the proposed On April 4, 2016, NYSE MKT LLC
printing in the Commission’s Public rule change, or institute proceedings to (the ‘‘Exchange’’ or ‘‘NYSE MKT’’) filed
Reference Room, 100 F Street NE., determine whether to approve or with the Securities and Exchange
Washington, DC 20549 on official disapprove the proposed rule change to Commission (‘‘Commission’’), pursuant
business days between the hours of July 21, 2016.6 On June 24, 2016, the to Section 19(b)(1) of the Securities
10:00 a.m. and 3:00 p.m. Copies of the Exchange Act of 1934 (‘‘Act’’) 1 and Rule
1 15 U.S.C. 78s(b)(1).
filing also will be available for 2 17
19b–4 thereunder,2 a proposed rule
CFR 240.19b–4.
inspection and copying at the principal 3 See Securities Exchange Act Release No. 34–
change to amend the co-location section
office of the Exchange. All comments 77641 (April 18, 2016), 81 FR 23773 (‘‘Notice’’). of the NYSE MKT Equities Price List
received will be posted without change; 4 Amendment No. 1 made technical changes and the NYSE Amex Options Fee
the Commission does not edit personal relating to the General Notes numbering and Schedule to establish fees relating to
references in the Co-location section of the Fee end users of certain co-location Users in
identifying information from Schedules. Amendment No. 1 is available on the
submissions. You should submit only Commission’s Web site at https://www.sec.gov/ the Exchange’s data center and to
information that you wish to make comments/sr-nysearca-2016-19/nysearca201619- amend the definition of ‘‘Affiliate.’’ The
1.pdf. Commission published the proposed
available publicly. All submissions 5 The Commission received two comment letters
should refer to File Number SR–MIAX– on a companion filing, NYSE–2016–11 (the ‘‘NYSE 7 In Amendment No. 2 the Exchange proposed
2016–33 and should be submitted on or companion filing’’), filed by the Exchange’s affiliate,
the New York Stock Exchange LLC (‘‘NYSE’’). See that Rebroadcasting Users and Transmittal Users
before October 24, 2016. Letter from Michael Friedman, General Counsel and would not be charged for their first two Multicast
Chief Compliance Officer, Trillium, to Brent J. End Users and Unicast End Users, respectively, and
For the Commission, by the Division of offers additional support for the proposal.
Fields, Secretary, Securities and Exchange
Trading and Markets, pursuant to delegated Amendment No. 2 was noticed at part of the
Commission, dated May 13, 2016 (‘‘Friedman
sradovich on DSK3GMQ082PROD with NOTICES
authority.14 Letter’’), and Letter from Eero Pikat to Brent J. Commission’s Order Instituting Proceedings and is
Fields, Secretary, Securities and Exchange also available on the Commission’s Web site at
Robert W. Errett, https://www.sec.gov/comments/sr-nysearca-2016-
Commission, dated, May 13, 2016 (‘‘Pikat Letter’’)
Deputy Secretary. (together, the ‘‘Comment Letters,’’). 19/nysearca201619-2.pdf.
8 See Securities Exchange Act Release No. 34–
[FR Doc. 2016–23751 Filed 9–30–16; 8:45 am] In response to the Comment Letters, the NYSE
submitted a response and filed Amendment No. 2 78388; (July 21, 2016); 81 FR 49332.
BILLING CODE 8011–01–P 9 17 CFR 200.30–3(a)(12).
to the NYSE companion filing.
6 See Securities Exchange Act Release No. 34– 1 15 U.S.C. 78s(b)(1).
14 17 CFR 200.30–3(a)(12). 77977 (June 2, 2016), 81 FR 36967. 2 17 CFR 240.19b–4.
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Document Created: 2018-02-13 14:11:03
Document Modified: 2018-02-13 14:11:03
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| Section | Notices | |
| FR Citation | 81 FR 68084 |
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