81 FR 70222 - Self-Regulatory Organizations; BOX Options Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fee Schedule on the BOX Market LLC (“BOX”) Options Facility
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 196 (October 11, 2016)
Federal Register Volume 81, Issue 196 (October 11, 2016)
| Page Range | 70222-70224 | |
| FR Document | 2016-24425 |
[Federal Register Volume 81, Number 196 (Tuesday, October 11, 2016)] [Notices] [Pages 70222-70224] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-24425] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-79040; File No. SR-BOX-2016-49] Self-Regulatory Organizations; BOX Options Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fee Schedule on the BOX Market LLC (``BOX'') Options Facility October 4, 2016. 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 30, 2016, BOX Options Exchange LLC (the ``Exchange'') filed with the Securities and Exchange Commission (``Commission'') the proposed rule change as described in Items I, II, and III below, which Items have been prepared by the Exchange. The Exchange filed the proposed rule change pursuant to Section 19(b)(3)(A)(ii) of the Act,\3\ and Rule 19b-4(f)(2) thereunder,\4\ which renders the proposal effective upon filing with the Commission. 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. \3\ 15 U.S.C. 78s(b)(3)(A)(ii). \4\ 17 CFR 240.19b-4(f)(2). --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of the Substance of the Proposed Rule Change The Exchange is filing with the Securities and Exchange Commission (``Commission'') a proposed rule change to amend the Fee Schedule to amend the Fee Schedule [sic] on the BOX Market LLC (``BOX'') options facility. While changes to the fee schedule pursuant to this proposal will be effective upon filing, the changes will become operative on October 1, 2016. The text of the proposed rule change is available from the principal office of the Exchange, at the Commission's Public Reference Room and also on the Exchange's Internet Web site at http://boxexchange.com. 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 [[Page 70223]] 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 Fee Schedule for trading on BOX. Specifically, the Exchange proposes to revise certain qualification thresholds and fees in Section I.B.2 of the BOX Fee Schedule, the BOX Volume Rebate (``BVR''). Under the current BVR, the Exchange offers a tiered per contract rebate for all Public Customer PIP Orders and COPIP orders of 100 contracts and under that do not trade solely with their contra order. Percentage thresholds are calculated on a monthly basis by totaling the Participant's PIP and COPIP volume submitted to BOX, relative to the total national Customer volume in multiply-listed options classes. The current per contract rebate for Participants in PIP and COPIP Transactions under the BVR is: ---------------------------------------------------------------------------------------------------------------- Percentage thresholds of Per contract rebate (all national customer volume in account types) Tier multiply-listed options classes ------------------------------- (monthly) PIP COPIP ---------------------------------------------------------------------------------------------------------------- 1............................................. 0.000% to 0.159%................ ($0.00) ($0.00) 2............................................. 0.160% to 0.339%................ (0.02) (0.02) 3............................................. 0.340% to 0.999%................ (0.04) (0.04) 4............................................. 1.000% to 1.249%................ (0.07) (0.06) 5............................................. 1.250% and Above................ (0.12) (0.06) ---------------------------------------------------------------------------------------------------------------- The Exchange proposes to adjust certain BVR percentage thresholds and fees within the BVR. Specifically, the Exchange proposes to eliminate Tier 4 and adjust the percentage thresholds in Tier 5 to ``1.000% and Above.'' The Exchange then proposes to renumber Tier 5 to Tier 4. The quantity submitted will continue to be calculated on a monthly basis by totaling the Participant's PIP and COPIP volume submitted to BOX, relative to the total national Customer volume in multiply-listed options classes. Additionally, the Exchange proposes to decrease the fee [sic] in the revised Tier 4 for PIP transactions to $0.11 from $0.12. The new BVR set forth in Section I.B.2 of the BOX Fee Schedule will be as follows: ---------------------------------------------------------------------------------------------------------------- Percentage thresholds of Per contract rebate (all national customer volume in account types) Tier multiply-listed options classes ------------------------------- (monthly) PIP COPIP ---------------------------------------------------------------------------------------------------------------- 1............................................. 0.000% to 0.159%................ ($0.00) ($0.00) 2............................................. 0.160% to 0.339%................ (0.02) (0.02) 3............................................. 0.340% to 0.999%................ (0.04) (0.04) 4............................................. 1.000% and Above................ (0.11) (0.06) ---------------------------------------------------------------------------------------------------------------- 2. Statutory Basis The Exchange believes that the proposal is consistent with the requirements of Section 6(b) of the Act, in general, and Section 6(b)(4) and 6(b)(5)of the Act,\5\ in particular, in that it provides for the equitable allocation of reasonable dues, fees, and other charges among BOX Participants and other persons using its facilities and does not unfairly discriminate between customers, issuers, brokers or dealers. --------------------------------------------------------------------------- \5\ 15 U.S.C. 78f(b)(4) and (5). --------------------------------------------------------------------------- The Exchange believes the proposed amendments to the BVR in Section I.B.2 of the BOX Fee Schedule are reasonable, equitable and non- discriminatory. The BVR was adopted to attract Public Customer order flow to the Exchange by offering these Participants incentives to submit their PIP and COPIP Orders to the Exchange and the Exchange believes it is appropriate to now amend the BVR. The Exchange believes it is equitable and not unfairly discriminatory to amend the BVR, as all Participants have the ability to qualify for a rebate, and rebates are provided equally to qualifying Participants. Finally, the Exchange believes it is reasonable and appropriate to continue to provide incentives for Public Customers, which will result in greater liquidity and ultimately benefit all Participants trading on the Exchange. BOX believes it is reasonable, equitable and not unfairly discriminatory to adjust the monthly Percentage Thresholds of National Customer Volume in Multiply-Listed Options Classes and their applicable rebates. The volume thresholds and rebates are meant to incentivize Participants to direct order flow to the Exchange to obtain the benefit of the rebate, which will in turn benefit all market participants by increasing liquidity on the Exchange. Other exchanges employ similar incentive programs; \6\ and the Exchange believes that the proposed changes to the volume thresholds and rebates are reasonable and competitive when compared to incentive structures at other exchanges. --------------------------------------------------------------------------- \6\ See Section B of the PHLX Pricing Schedule entitled ``Customer Rebate Program;'' ISE Gemini's Qualifying Tier Thresholds (page 6 of the ISE Gemini Fee Schedule); and CBOE's Volume Incentive Program (VIP). --------------------------------------------------------------------------- B. Self-Regulatory Organization's Statement on Burden on Competition The Exchange does not believe that the proposed rule change will impose any burden on competition not necessary or appropriate in furtherance of the purposes of the Act. The Exchange is simply proposing to revise certain qualification thresholds and fees in Section I.B. of the BOX Fee Schedule. The Exchange believes that the volume [[Page 70224]] based rebates and fees increase intermarket and intramarket competition by incenting Participants to direct their order flow to the exchange, which benefits all participants by providing more trading opportunities and improves competition on the Exchange. C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others No written comments were either solicited or 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 Exchange Act \7\ and Rule 19b-4(f)(2) thereunder,\8\ because it establishes or changes a due, or fee. --------------------------------------------------------------------------- \7\ 15 U.S.C. 78s(b)(3)(A)(ii). \8\ 17 CFR 240.19b-4(f)(2). --------------------------------------------------------------------------- At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend the rule change if it appears to the Commission that the action is necessary or appropriate in the public interest, for the protection of investors, or would otherwise further 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 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-BOX-2016-49 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-BOX-2016-49. 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-BOX-2016-49, and should be submitted on or before November 1, 2016. --------------------------------------------------------------------------- \9\ 17 CFR 200.30-3(a)(12). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\9\ Robert W. Errett, Deputy Secretary. [FR Doc. 2016-24425 Filed 10-7-16; 8:45 am] BILLING CODE 8011-01-P
![70222 Federal Register / Vol. 81, No. 196 / Tuesday, October 11, 2016 / Notices
III. Date of Effectiveness of the Paper Comments SECURITIES AND EXCHANGE
Proposed Rule Change and Timing for COMMISSION
Commission Action • Send paper comments in triplicate
to Secretary, Securities and Exchange [Release No. 34–79040; File No. SR–BOX–
Because the foregoing proposed rule Commission, 100 F Street NE., 2016–49]
change does not: (i) Significantly affect Washington, DC 20549–1090.
the protection of investors or the public Self-Regulatory Organizations; BOX
interest; (ii) impose any significant All submissions should refer to File Options Exchange LLC; Notice of
burden on competition; and (iii) become Number SR–IEX–2016–16. This file Filing and Immediate Effectiveness of
operative for 30 days from the date on number should be included on the a Proposed Rule Change To Amend
which it was filed, or such shorter time subject line if email is used. To help the the Fee Schedule on the BOX Market
as the Commission may designate, it has Commission process and review your LLC (‘‘BOX’’) Options Facility
become effective pursuant to Section comments more efficiently, please use October 4, 2016.
19(b)(3)(A) of the Act 45 and Rule 19b– only one method. The Commission will Pursuant to Section 19(b)(1) of the
4(f)(6) thereunder.46 post all comments on the Commission’s Securities Exchange Act of 1934 (the
At any time within 60 days of the Internet Web site (http://www.sec.gov/ ‘‘Act’’),1 and Rule 19b–4 thereunder,2
filing of the proposed rule change, the rules/sro.shtml). Copies of the notice is hereby given that on
Commission summarily may submission, all subsequent September 30, 2016, BOX Options
temporarily suspend such rule change if amendments, all written statements Exchange LLC (the ‘‘Exchange’’) filed
it appears to the Commission that such with respect to the proposed rule with the Securities and Exchange
action is necessary or appropriate in the
change that are filed with the Commission (‘‘Commission’’) the
public interest, for the protection of
Commission, and all written proposed rule change as described in
investors, or otherwise in furtherance of
communications relating to the Items I, II, and III below, which Items
the purposes of the Act. If the
proposed rule change between the have been prepared by the Exchange.
Commission takes such action, the
Commission and any person, other than The Exchange filed the proposed rule
Commission shall institute proceedings
those that may be withheld from the change pursuant to Section
to determine whether the proposed rule
public in accordance with the 19(b)(3)(A)(ii) of the Act,3 and Rule
should be approved or disapproved.
provisions of 5 U.S.C. 552, will be 19b–4(f)(2) thereunder,4 which renders
The Exchange has requested that the
available for Web site viewing and the proposal effective upon filing with
SEC waive the 30-day operative period.
printing in the Commission’s Public the Commission. The Commission is
The Commission believes that waiving
Reference Room, 100 F Street NE., publishing this notice to solicit
the 30-day operative delay is consistent
comments on the proposed rule change
with the protection of investors and the Washington, DC 20549, on official
from interested persons.
public interest because it will allow the business days between the hours of
Exchange to implement the proposed 10:00 a.m. and 3:00 p.m. Copies of the I. Self-Regulatory Organization’s
rules immediately thereby preventing filing also will be available for Statement of the Terms of the Substance
delays in the implementation of the inspection and copying at the principal of the Proposed Rule Change
Plan. The Commission notes that the office of the Exchange. All comments The Exchange is filing with the
Plan is scheduled to start on October 3, received will be posted without change; Securities and Exchange Commission
2016. Therefore, the Commission hereby the Commission does not edit personal (‘‘Commission’’) a proposed rule change
waives the 30-day operative delay and identifying information from to amend the Fee Schedule to amend
designates the proposed rule change to submissions. You should submit only the Fee Schedule [sic] on the BOX
be operative upon filing with the information that you wish to make Market LLC (‘‘BOX’’) options facility.
Commission.47 available publicly. All submissions While changes to the fee schedule
IV. Solicitation of Comments should refer to File Number SR–IEX– pursuant to this proposal will be
2016–16, and should be submitted on or effective upon filing, the changes will
Interested persons are invited to become operative on October 1, 2016.
submit written data, views, and before November 1, 2016.
The text of the proposed rule change is
arguments concerning the foregoing, For the Commission, by the Division of
available from the principal office of the
including whether the proposed rule Trading and Markets, pursuant to delegated
Exchange, at the Commission’s Public
change is consistent with the Act. authority.48
Reference Room and also on the
Comments may be submitted by any of Robert W. Errett, Exchange’s Internet Web site at http://
the following methods: Deputy Secretary. boxexchange.com.
Electronic Comments [FR Doc. 2016–24421 Filed 10–7–16; 8:45 am]
II. Self-Regulatory Organization’s
• Use the Commission’s Internet BILLING CODE 8011–01–P
Statement of the Purpose of, and
comment form (http://www.sec.gov/ Statutory Basis for, the Proposed Rule
rules/sro.shtml); or Change
• Send an email to rule- In its filing with the Commission, the
comments@sec.gov. Please include File Exchange included statements
Number SR– IEX–2016–16 on the
asabaliauskas on DSK3SPTVN1PROD with NOTICES
concerning the purpose of and basis for
subject line. the proposed rule change and discussed
any comments it received on the
45 15 U.S.C. 78s(b)(3)(A).
46 17
proposed rule change. The text of these
CFR 240.19b–4(f)(6).
47 For purposes only of waiving the operative
1 15 U.S.C. 78s(b)(1).
delay for this proposal, the Commission has
2 17 CFR 240.19b–4.
considered the proposed rule’s impact on
3 15 U.S.C. 78s(b)(3)(A)(ii).
efficiency, competition, and capital formation. See
15 U.S.C. 78c(f). 48 17 CFR 200.30–3(a)(12). 4 17 CFR 240.19b–4(f)(2).
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![Federal Register / Vol. 81, No. 196 / Tuesday, October 11, 2016 / Notices 70223
statements may be examined at the A. Self-Regulatory Organization’s Under the current BVR, the Exchange
places specified in Item IV below. The Statement of the Purpose of, and offers a tiered per contract rebate for all
Exchange has prepared summaries, set Statutory Basis for, the Proposed Rule Public Customer PIP Orders and COPIP
forth in Sections A, B, and C below, of Change orders of 100 contracts and under that
the most significant aspects of such do not trade solely with their contra
1. Purpose order. Percentage thresholds are
statements.
The Exchange proposes to amend the calculated on a monthly basis by
totaling the Participant’s PIP and COPIP
Fee Schedule for trading on BOX.
volume submitted to BOX, relative to
Specifically, the Exchange proposes to
the total national Customer volume in
revise certain qualification thresholds
multiply-listed options classes.
and fees in Section I.B.2 of the BOX Fee The current per contract rebate for
Schedule, the BOX Volume Rebate Participants in PIP and COPIP
(‘‘BVR’’). Transactions under the BVR is:
Per contract rebate
Percentage thresholds of national customer volume (all account types)
Tier in multiply-listed options classes
(monthly) PIP COPIP
1 ....................................................... 0.000% to 0.159% ..................................................................................... ($0.00) ($0.00)
2 ....................................................... 0.160% to 0.339% ..................................................................................... (0.02) (0.02)
3 ....................................................... 0.340% to 0.999% ..................................................................................... (0.04) (0.04)
4 ....................................................... 1.000% to 1.249% ..................................................................................... (0.07) (0.06)
5 ....................................................... 1.250% and Above .................................................................................... (0.12) (0.06)
The Exchange proposes to adjust Tier 5 to Tier 4. The quantity submitted Exchange proposes to decrease the fee
certain BVR percentage thresholds and will continue to be calculated on a [sic] in the revised Tier 4 for PIP
fees within the BVR. Specifically, the monthly basis by totaling the transactions to $0.11 from $0.12.
Exchange proposes to eliminate Tier 4 Participant’s PIP and COPIP volume The new BVR set forth in Section
and adjust the percentage thresholds in submitted to BOX, relative to the total I.B.2 of the BOX Fee Schedule will be
Tier 5 to ‘‘1.000% and Above.’’ The national Customer volume in multiply-
as follows:
Exchange then proposes to renumber listed options classes. Additionally, the
Per contract rebate
Percentage thresholds of national customer volume (all account types)
Tier in multiply-listed options classes
(monthly) PIP COPIP
1 ....................................................... 0.000% to 0.159% ..................................................................................... ($0.00) ($0.00)
2 ....................................................... 0.160% to 0.339% ..................................................................................... (0.02) (0.02)
3 ....................................................... 0.340% to 0.999% ..................................................................................... (0.04) (0.04)
4 ....................................................... 1.000% and Above .................................................................................... (0.11) (0.06)
2. Statutory Basis The Exchange believes it is equitable liquidity on the Exchange. Other
The Exchange believes that the and not unfairly discriminatory to exchanges employ similar incentive
proposal is consistent with the amend the BVR, as all Participants have programs; 6 and the Exchange believes
requirements of Section 6(b) of the Act, the ability to qualify for a rebate, and that the proposed changes to the volume
in general, and Section 6(b)(4) and rebates are provided equally to thresholds and rebates are reasonable
6(b)(5)of the Act,5 in particular, in that qualifying Participants. Finally, the and competitive when compared to
it provides for the equitable allocation Exchange believes it is reasonable and incentive structures at other exchanges.
of reasonable dues, fees, and other appropriate to continue to provide
B. Self-Regulatory Organization’s
charges among BOX Participants and incentives for Public Customers, which
Statement on Burden on Competition
other persons using its facilities and will result in greater liquidity and
does not unfairly discriminate between ultimately benefit all Participants The Exchange does not believe that
customers, issuers, brokers or dealers. trading on the Exchange. the proposed rule change will impose
The Exchange believes the proposed BOX believes it is reasonable, any burden on competition not
amendments to the BVR in Section I.B.2 equitable and not unfairly necessary or appropriate in furtherance
of the BOX Fee Schedule are reasonable, discriminatory to adjust the monthly of the purposes of the Act. The
equitable and non-discriminatory. The Percentage Thresholds of National Exchange is simply proposing to revise
asabaliauskas on DSK3SPTVN1PROD with NOTICES
BVR was adopted to attract Public Customer Volume in Multiply-Listed certain qualification thresholds and fees
Customer order flow to the Exchange by Options Classes and their applicable in Section I.B. of the BOX Fee Schedule.
offering these Participants incentives to rebates. The volume thresholds and The Exchange believes that the volume
submit their PIP and COPIP Orders to rebates are meant to incentivize
6 See Section B of the PHLX Pricing Schedule
the Exchange and the Exchange believes Participants to direct order flow to the
entitled ‘‘Customer Rebate Program;’’ ISE Gemini’s
it is appropriate to now amend the BVR. Exchange to obtain the benefit of the Qualifying Tier Thresholds (page 6 of the ISE
rebate, which will in turn benefit all Gemini Fee Schedule); and CBOE’s Volume
5 15 U.S.C. 78f(b)(4) and (5). market participants by increasing Incentive Program (VIP).
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![70224 Federal Register / Vol. 81, No. 196 / Tuesday, October 11, 2016 / Notices
based rebates and fees increase only one method. The Commission will been prepared by the self-regulatory
intermarket and intramarket post all comments on the Commission’s organization. The Commission is
competition by incenting Participants to Internet Web site (http://www.sec.gov/ publishing this notice to solicit
direct their order flow to the exchange, rules/sro.shtml). Copies of the comments on the proposed rule change
which benefits all participants by submission, all subsequent from interested persons.
providing more trading opportunities amendments, all written statements
with respect to the proposed rule I. Self-Regulatory Organization’s
and improves competition on the
change that are filed with the Statement of the Terms of the Substance
Exchange.
Commission, and all written of the Proposed Rule Change
C. Self-Regulatory Organization’s communications relating to the The Exchange proposes to make non-
Statement on Comments on the proposed rule change between the controversial amendments to its rules.
Proposed Rule Change Received From Commission and any person, other than The text of the proposed rule change is
Members, Participants, or Others those that may be withheld from the available from the principal office of the
No written comments were either public in accordance with the Exchange, at the Commission’s Public
solicited or received. provisions of 5 U.S.C. 552, will be Reference Room and also on the
available for Web site viewing and Exchange’s Internet Web site at http://
III. Date of Effectiveness of the
printing in the Commission’s Public boxexchange.com.
Proposed Rule Change and Timing for
Reference Room, 100 F Street NE.,
Commission Action II. Self-Regulatory Organization’s
Washington, DC 20549 on official
The foregoing rule change has become Statement of the Purpose of, and
business days between the hours of
effective pursuant to Section 10:00 a.m. and 3:00 p.m. Copies of such Statutory Basis for, the Proposed Rule
19(b)(3)(A)(ii) of the Exchange Act 7 and filing also will be available for Change
Rule 19b–4(f)(2) thereunder,8 because it inspection and copying at the principal In its filing with the Commission, the
establishes or changes a due, or fee. office of the Exchange. All comments self-regulatory organization included
At any time within 60 days of the received will be posted without change; statements concerning the purpose of,
filing of the proposed rule change, the the Commission does not edit personal and basis for, the proposed rule change
Commission summarily may identifying information from and discussed any comments it received
temporarily suspend the rule change if submissions. You should submit only on the proposed rule change. The text
it appears to the Commission that the information that you wish to make of these statements may be examined at
action is necessary or appropriate in the available publicly. All submissions the places specified in Item IV below.
public interest, for the protection of should refer to File Number SR–BOX– The self-regulatory organization has
investors, or would otherwise further 2016–49, and should be submitted on or prepared summaries, set forth in
the purposes of the Act. If the before November 1, 2016. Sections A, B, and C below, of the most
Commission takes such action, the For the Commission, by the Division of significant aspects of such statements.
Commission shall institute proceedings Trading and Markets, pursuant to delegated A. Self-Regulatory Organization’s
to determine whether the proposed rule authority.9
Statement of the Purpose of, and
should be approved or disapproved. Robert W. Errett, Statutory Basis for, the Proposed Rule
IV. Solicitation of Comments Deputy Secretary. Change
[FR Doc. 2016–24425 Filed 10–7–16; 8:45 am]
Interested persons are invited to 1. Purpose
BILLING CODE 8011–01–P
submit written data, views, and
The purpose of the proposed rule
arguments concerning the foregoing,
change is to amend Rule 7130(a) to
including whether the proposed rule SECURITIES AND EXCHANGE clarify that the BOX HSVF is no longer
change is consistent with the Act. COMMISSION provided to market participants at no
Comments may be submitted by any of
[Release No. 34–79037; File No. SR–BOX– cost. The BOX HSVF is a proprietary
the following methods:
2016–46] product that provides: (i) Trades and
Electronic Comments trade cancelation information; (ii) best-
• Use the Commission’s Internet Self-Regulatory Organizations; BOX ranked price level to buy and the best-
comment form (http://www.sec.gov/ Options Exchange LLC; Notice of ranked price level to sell; (iii)
rules/sro.shtml); or Filing and Immediate Effectiveness of instrument summaries (including
• Send an email to rule-comments@ a Proposed Rule Change To Make Non- information such as high, low, and last
sec.gov. Please include File Number SR– Controversial Amendments to Its trade price and traded volume); (iv) the
BOX–2016–49 on the subject line. Rules five best limit prices for each option
October 4, 2016.
instrument; (v) request for Quote
Paper Comments messages; 3 (vi) PIP Order, Improvement
Pursuant to Section 19(b)(1) of the
• Send paper comments in triplicate Securities Exchange Act of 1934 (the
Order and Block Trade Order
to Secretary, Securities and Exchange ‘‘Act’’),1 and Rule 19b–4 thereunder,2 (Facilitation and Solicitation)
Commission, 100 F Street NE., notice is hereby given that on information; 4 (vii) orders exposed at
Washington, DC 20549–1090. September 22, 2016, BOX Options NBBO; 5 (viii) instrument dictionary
(e.g., strike price, expiration date,
asabaliauskas on DSK3SPTVN1PROD with NOTICES
All submissions should refer to File Exchange LLC (the ‘‘Exchange’’) filed
Number SR–BOX–2016–49. This file with the Securities and Exchange underlying symbol, price threshold, and
number should be included on the Commission (‘‘Commission’’) the minimum trading increment for
subject line if email is used. To help the proposed rule change as described in 3 See Exchange Rules 100(a)(57), 7070(h) and
Commission process and review your Items I and II below, which Items have 8050.
comments more efficiently, please use 4 As set forth in Exchange Rules 7150 and 7270,
9 17 CFR 200.30–3(a)(12). respectively.
7 15 U.S.C. 78s(b)(3)(A)(ii). 1 15 U.S.C. 78s(b)(1). 5 As set forth in Exchange Rules 7130(b)(2) and
8 17 CFR 240.19b–4(f)(2). 2 17 CFR 240.19b–4. 8040(d)(6), respectively.
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Document Created: 2018-02-13 16:33:58
Document Modified: 2018-02-13 16:33:58
| 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 70222 |
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