81 FR 8803 - 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 34 (February 22, 2016)
Federal Register Volume 81, Issue 34 (February 22, 2016)
| Page Range | 8803-8805 | |
| FR Document | 2016-03527 |
[Federal Register Volume 81, Number 34 (Monday, February 22, 2016)] [Notices] [Pages 8803-8805] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-03527] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-77144; File No. SR-BOX-2016-07] 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 February 16, 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 February 5, 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 make two changes to the Volume Based Rebates for Market Makers in Non- Auction [[Page 8804]] Transactions. First, the Exchange proposes to specify that transactions which are not the result of a Market Maker quotation will be considered exempt from the Tiered Volume Rebate for Market Makers in Non-Auction Transactions. Additionally, the Exchange proposes to amend the structure and distinguish between whether the Market Maker is a liquidity provider or a liquidity taker within the transactions. Market Makers will no longer be eligible for a rebate on their Non-Auction Transactions which take liquidity. Market Maker transactions which take liquidity or are not the result of a Market Maker quote will continue to count toward the Market Maker's overall executed volume on BOX each month. 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 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 Section I.A.1 of the BOX Fee Schedule (Tiered Volume Rebate for Non-Auction Transactions). The Exchange currently provides tiered rebates to Public Customers and Market Makers in Non-Auction Transaction who achieve certain volume based thresholds. The Exchange calculates percentage thresholds on a monthly basis by totaling the Market Maker or Public Customer's executed volume on BOX, relative to the total national Market Maker or Customer volume in multiply-listed options classes. The Exchange proposes to make two changes to the Volume Based Rebates for Market Makers in Non-Auction Transactions. First, the Exchange proposes to specify that transactions which are not the result of a Market Maker quotation will be considered exempt from the Tiered Volume Rebate for Market Makers in Non-Auction Transactions. Additionally, the Exchange proposes to amend the structure and distinguish between whether the Market Maker is a liquidity provider or a liquidity taker within the transactions. Market Makers will no longer be eligible for a rebate on their Non-Auction Transactions which take liquidity. Market Maker transactions which take liquidity or are not the result of a Market Maker quote will continue to count toward the Market Maker's overall executed volume on BOX each month. The new per contract rebate for Market Makers in Non-Auction Transactions as set forth in Section I.A.1. of the BOX Fee Schedule will be as follows: ---------------------------------------------------------------------------------------------------------------- Percentage thresholds of Per contract rebate national market maker volume in ------------------------------- Tier multiply-listed options classes (monthly) Maker Taker ---------------------------------------------------------------------------------------------------------------- 1............................................. 0.000%-0.069%................... $0.00 $0.00 2............................................. 0.070%-0.249%................... ($0.03) $0.00 3............................................. 0.250%-0.299%................... ($0.05) $0.00 4............................................. 0.300% and Above................ ($0.10) $0.00 ---------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- Percentage Per contract rebate thresholds of --------------------------------------------------------------- national Penny pilot classes Non-Penny pilot classes customer volume --------------------------------------------------------------- Tier in multiply- listed options classes Maker Taker Maker Taker (monthly) ---------------------------------------------------------------------------------------------------------------- 1............................. 0.000%-0.129%... $0.00 $0.00 $0.00 $0.00 2............................. 0.130%-0.339%... ($0.15) ($0.15) ($0.40) ($0.40) 3............................. 0.340%-0.549%... ($0.25) ($0.25) ($0.50) ($0.50) 4............................. 0.550% and Above ($0.40) ($0.40) ($0.90) ($0.70) ---------------------------------------------------------------------------------------------------------------- The Exchange also proposes to make non-substantive technical changes to the date and volume based fees and rebates within the BOX Fee Schedule. Specifically, the Exchange proposes to relabel the highest tier within each structure to clarify what percentage of volume is needed to qualify for the tier. The Exchange also proposes to remove the reference date at the beginning of the BOX Fee Schedule. 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 that the proposed changes to the Tiered Volume Rebates for Market Makers in Non-Auction Transactions are reasonable, equitable and not unfairly discriminatory. Specifically, the Exchange believes that exempting transactions which are not the result of Market Maker quote from the Market Maker Tiered Volume Rebate is reasonable, equitable and not unfairly discriminatory. BOX provides these volume based rebates to incentivize Market Makers 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. The Exchange believes by providing a rebate to only those transactions that are the result of a quote, Market Makers will [[Page 8805]] be further encouraged to direct liquidity to BOX. The Exchange believes it is reasonable to amend the structure of the Tiered Volume Rebates for Market Makers in Non-Auction Transactions to distinguish whether the Market Maker is a liquidity provider or liquidity taker, and remove the rebate for Market Makers that take liquidity. As stated above, the volume thresholds and applicable rebates are meant to incentivize Market Makers 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. The Exchange notes that, while certain Market Maker transactions will no longer receive a rebate, Market Maker Non-Auction transaction fees remain lower than other account types and are in line with the Market Maker fees at other exchanges.\6\ --------------------------------------------------------------------------- \6\ Market Makers are charged anywhere from to $0.05 to $0.29 on the Miami International Securities Exchange, LLC (``MIAX''), See the MIAX Fee Schedule Section I(a)(i) ``Market Maker Transaction Fees'' and ``Market Maker Sliding Scale''; and charged $0.39 to $0.95 on the NASDAQ OMX BX, Inc. (``BX Options'') Chapter XV, Section 2 BX Options Market--Fees and Rebates; and charged $0.35 to $1.10 on NASDAQ Stock Market LLC (``NOM'') Chapter XV, Section 2 NASDAQ Options Market--Fees and Rebates. --------------------------------------------------------------------------- In summary, the proposed changes to the Market Maker Tiered Volume Rebate are intended to attract order flow to the Exchange by incentivizing Market Makers to post liquidity on BOX. The practice of providing incentives to increase order flow is, and has been, a common practice in the options markets. Further, the Exchange believes it is appropriate to provide incentives for Market Makers which will result in greater liquidity and ultimately benefit all Participants trading on the Exchange. The Exchange believes that the non-substantive technical changes to the BOX Fee Schedule are reasonable, equitable and not unfairly discriminatory. Specifically, the Exchange believes it is reasonable and appropriate to clarify the parameters of those tiers in order for Participants to better understand what percentage of volume qualifies for a rebate. The Exchange also believes it is reasonable to remove the reference date, as doing so will reduce investor confusion. 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 believes that amending the proposed rebate structure for Marker [sic] Maker Non-Auction Transactions will not impose a burden on competition among various Exchange Participants. The Exchange believes that the proposed changes will result in Market Makers being rebated appropriately for these transactions. Further, the Exchange believes that this proposal will enhance competition between exchanges because it is designed to allow the Exchange to better compete with other exchanges for order flow. Finally, the Exchange notes that it operates in a highly competitive market in which market participants can readily favor competing exchanges. In such an environment, the Exchange must continually review, and consider adjusting, its fees and credits to remain competitive with other exchanges. For the reasons described above, the Exchange believes that the proposed rule change reflects this competitive environment. 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-2016-07 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-2016-07. 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-2016-07, and should be submitted on or before March 14, 2016. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\9\ Brent J. Fields, Secretary. --------------------------------------------------------------------------- \9\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- [FR Doc. 2016-03527 Filed 2-19-16; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 81, No. 34 / Monday, February 22, 2016 / Notices 8803
to determine whether the proposed rule For the Commission, by the Division of directed to: (i) Desk Officer for the
change should be disapproved. Trading and Markets, pursuant to delegated Securities and Exchange Commission,
authority.55 Office of Information and Regulatory
IV. Solicitation of Comments Brent J. Fields, Affairs, Office of Management and
Interested persons are invited to Secretary. Budget, Room 10102, New Executive
submit written data, views and [FR Doc. 2016–03524 Filed 2–19–16; 8:45 am] Office Building, Washington, DC 20503,
arguments concerning the foregoing, BILLING CODE 8011–01–P or by sending an email to: Shagufta_
including whether the proposed rule Ahmed@omb.eop.gov; and (ii) Pamela
change, as modified by Amendment No. Dyson, Director/Chief Information
1, is consistent with the Act. Comments SECURITIES AND EXCHANGE Officer, Securities and Exchange
may be submitted by any of the COMMISSION Commission, c/o Remi Pavlik-Simon,
following methods: 100 F Street NE., Washington, DC 20549
Submission for OMB Review; or send an email to: PRA_Mailbox@
Electronic Comments Comment Request sec.gov. Comments must be submitted to
• Use the Commission’s Internet Upon Written Request Copies Available OMB within 30 days of this notice.
comment form (http://www.sec.gov/ From: Securities and Exchange Dated: February 16, 2016.
rules/sro.shtml); or Commission, Office of FOIA Services, Brent J. Fields,
• Send an email to rule-comments@ 100 F Street NE., Washington, DC Secretary.
sec.gov. Please include File No. SR– 20549–2736. [FR Doc. 2016–03522 Filed 2–19–16; 8:45 am]
EDGA–2016–02 on the subject line. Extension: BILLING CODE 8011–01–P
Schedule 14D–1F, SEC File No. 270–338,
Paper Comments OMB Control No. 3235–0376.
• Send paper comments in triplicate Notice is hereby given that, pursuant SECURITIES AND EXCHANGE
to Secretary, Securities and Exchange to the Paperwork Reduction Act of 1995 COMMISSION
Commission, 100 F Street NE., (44 U.S.C. 3501 et seq.), the Securities [Release No. 34–77144; File No. SR–BOX–
Washington, DC 20549–1090. and Exchange Commission 2016–07]
(‘‘Commission’’) has submitted to the
All submissions should refer to File No. Office of Management and Budget this Self-Regulatory Organizations; BOX
SR–EDGA–2016–02. This file number request for extension of the previously Options Exchange LLC; Notice of
should be included on the subject line approved collection of information Filing and Immediate Effectiveness of
if email is used. To help the discussed below. a Proposed Rule Change To Amend
Commission process and review your Schedule 14D–1F (17 CFR 240.14d– the Fee Schedule on the BOX Market
comments more efficiently, please use 102) is a form that may be used by any LLC (‘‘BOX’’) Options Facility
only one method. The Commission will person (the ‘‘bidder’’) making a cash
post all comments on the Commission’s February 16, 2016.
tender or exchange offer for securities of
Internet Web site (http://www.sec.gov/ any issuer (the ‘‘target’’) incorporated or Pursuant to Section 19(b)(1) of the
rules/sro.shtml). Copies of the organized under the laws of Canada or Securities Exchange Act of 1934 (the
submission, all subsequent any Canadian province or territory that ‘‘Act’’),1 and Rule 19b–4 thereunder,2
amendments, all written statements notice is hereby given that on February
is a foreign private issuer, where less
with respect to the proposed rule 5, 2016, BOX Options Exchange LLC
than 40% of the outstanding class of the
change that are filed with the (the ‘‘Exchange’’) filed with the
target’s securities that is the subject of
Commission, and all written Securities and Exchange Commission
the offer is held by U.S. holders.
communications relating to the (‘‘Commission’’) the proposed rule
Schedule 14D–1F is designed to
proposed rule change between the change as described in Items I, II, and
facilitate cross-border transactions in
Commission and any person, other than III below, which Items have been
the securities of Canadian issuers. The
those that may be withheld from the prepared by the Exchange. The
information required to be filed with the
public in accordance with the Exchange filed the proposed rule change
Commission provides security holders
provisions of 5 U.S.C. 552, will be pursuant to Section 19(b)(3)(A)(ii) of the
with material information regarding the Act,3 and Rule 19b–4(f)(2) thereunder,4
available for Web site viewing and bidder as well as the transaction so that
printing in the Commission’s Public which renders the proposal effective
they may make informed investment upon filing with the Commission. The
Reference Room, 100 F Street NE., decisions. The information provided is
Washington, DC 20549, on official Commission is publishing this notice to
mandatory and all information is made solicit comments on the proposed rule
business days between the hours of available to the public upon request.
10:00 a.m. and 3:00 p.m. Copies of such change from interested persons.
Schedule 14D–1F takes approximately 2
filing will also be available for hours per response to prepare and is I. Self-Regulatory Organization’s
inspection and copying at the principal filed by approximately 2 respondents Statement of the Terms of the Substance
office of the Exchange. All comments annually for a total reporting burden of of the Proposed Rule Change
received will be posted without change; 4 hours (2 hours per response × 2 The Exchange is filing with the
the Commission does not edit personal responses). Securities and Exchange Commission
identifying information from An agency may not conduct or (‘‘Commission’’) a proposed rule change
submissions. You should submit only
mstockstill on DSK4VPTVN1PROD with NOTICES
sponsor, and a person is not required to to amend the Fee Schedule to make two
information that you wish to make respond to, a collection of information changes to the Volume Based Rebates
available publicly. All submissions unless it displays a currently valid for Market Makers in Non-Auction
should refer to File No. SR–EDGA– control number.
2016–02 and should be submitted on or The public may view the background 1 15 U.S.C. 78s(b)(1).
before March 14, 2016. documentation for this information 2 17 CFR 240.19b–4.
collection at the following Web site, 3 15 U.S.C. 78s(b)(3)(A)(ii).
55 17 CFR 200.30–3(a)(12). www.reginfo.gov. Comments should be 4 17 CFR 240.19b–4(f)(2).
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![Federal Register / Vol. 81, No. 34 / Monday, February 22, 2016 / Notices 8805
be further encouraged to direct liquidity The Exchange believes that amending Electronic Comments
to BOX. the proposed rebate structure for Marker
The Exchange believes it is reasonable [sic] Maker Non-Auction Transactions • Use the Commission’s Internet
to amend the structure of the Tiered will not impose a burden on comment form (http://www.sec.gov/
Volume Rebates for Market Makers in competition among various Exchange rules/sro.shtml); or
Non-Auction Transactions to Participants. The Exchange believes that • Send an email to rule-comments@
distinguish whether the Market Maker is the proposed changes will result in sec.gov. Please include File Number SR–
a liquidity provider or liquidity taker, Market Makers being rebated BOX–2016–07 on the subject line.
and remove the rebate for Market appropriately for these transactions.
Makers that take liquidity. As stated Further, the Exchange believes that this Paper Comments
above, the volume thresholds and proposal will enhance competition
• Send paper comments in triplicate
applicable rebates are meant to between exchanges because it is
to Secretary, Securities and Exchange
incentivize Market Makers to direct designed to allow the Exchange to better
compete with other exchanges for order Commission, 100 F Street NE.,
order flow to the Exchange to obtain the
benefit of the rebate, which will in turn flow. Washington, DC 20549–1090.
benefit all market participants by Finally, the Exchange notes that it All submissions should refer to File
increasing liquidity on the Exchange. operates in a highly competitive market Number SR–BOX–2016–07. This file
The Exchange notes that, while certain in which market participants can number should be included on the
Market Maker transactions will no readily favor competing exchanges. In subject line if email is used. To help the
longer receive a rebate, Market Maker such an environment, the Exchange Commission process and review your
Non-Auction transaction fees remain must continually review, and consider comments more efficiently, please use
lower than other account types and are adjusting, its fees and credits to remain only one method. The Commission will
in line with the Market Maker fees at competitive with other exchanges. For post all comments on the Commission’s
other exchanges.6 the reasons described above, the Internet Web site (http://www.sec.gov/
In summary, the proposed changes to Exchange believes that the proposed rules/sro.shtml). Copies of the
the Market Maker Tiered Volume Rebate rule change reflects this competitive submission, all subsequent
are intended to attract order flow to the environment.
amendments, all written statements
Exchange by incentivizing Market
C. Self-Regulatory Organization’s with respect to the proposed rule
Makers to post liquidity on BOX. The
Statement on Comments on the change that are filed with the
practice of providing incentives to
Proposed Rule Change Received From Commission, and all written
increase order flow is, and has been, a
Members, Participants, or Others communications relating to the
common practice in the options
markets. Further, the Exchange believes No written comments were either proposed rule change between the
it is appropriate to provide incentives solicited or received. Commission and any person, other than
for Market Makers which will result in those that may be withheld from the
III. Date of Effectiveness of the public in accordance with the
greater liquidity and ultimately benefit
Proposed Rule Change and Timing for provisions of 5 U.S.C. 552, will be
all Participants trading on the Exchange.
Commission Action available for Web site viewing and
The Exchange believes that the non-
substantive technical changes to the The foregoing rule change has become printing in the Commission’s Public
BOX Fee Schedule are reasonable, effective pursuant to Section Reference Room, 100 F Street NE.,
equitable and not unfairly 19(b)(3)(A)(ii) of the Exchange Act7 and Washington, DC 20549 on official
discriminatory. Specifically, the Rule 19b–4(f)(2) thereunder,8 because it business days between the hours of
Exchange believes it is reasonable and establishes or changes a due, or fee. 10:00 a.m. and 3:00 p.m. Copies of such
appropriate to clarify the parameters of At any time within 60 days of the filing also will be available for
those tiers in order for Participants to filing of the proposed rule change, the inspection and copying at the principal
better understand what percentage of Commission summarily may office of the Exchange. All comments
volume qualifies for a rebate. The temporarily suspend the rule change if received will be posted without change;
Exchange also believes it is reasonable it appears to the Commission that the the Commission does not edit personal
to remove the reference date, as doing action is necessary or appropriate in the identifying information from
so will reduce investor confusion. public interest, for the protection of submissions. You should submit only
B. Self-Regulatory Organization’s investors, or would otherwise further information that you wish to make
Statement on Burden on Competition the purposes of the Act. If the available publicly. All submissions
Commission takes such action, the should refer to File Number SR–BOX–
The Exchange does not believe that Commission shall institute proceedings 2016–07, and should be submitted on or
the proposed rule change will impose to determine whether the proposed rule
any burden on competition not before March 14, 2016.
should be approved or disapproved.
necessary or appropriate in furtherance For the Commission, by the Division of
of the purposes of the Act. IV. Solicitation of Comments Trading and Markets, pursuant to delegated
Interested persons are invited to authority.9
6 Market Makers are charged anywhere from to submit written data, views, and Brent J. Fields,
$0.05 to $0.29 on the Miami International Securities
mstockstill on DSK4VPTVN1PROD with NOTICES
arguments concerning the foregoing, Secretary.
Exchange, LLC (‘‘MIAX’’), See the MIAX Fee
Schedule Section I(a)(i) ‘‘Market Maker Transaction
including whether the proposed rule [FR Doc. 2016–03527 Filed 2–19–16; 8:45 am]
Fees’’ and ‘‘Market Maker Sliding Scale’’; and change is consistent with the Act. BILLING CODE 8011–01–P
charged $0.39 to $0.95 on the NASDAQ OMX BX, Comments may be submitted by any of
Inc. (‘‘BX Options’’) Chapter XV, Section 2 BX the following methods:
Options Market—Fees and Rebates; and charged
$0.35 to $1.10 on NASDAQ Stock Market LLC
7 15 U.S.C. 78s(b)(3)(A)(ii).
(‘‘NOM’’) Chapter XV, Section 2 NASDAQ Options
Market—Fees and Rebates. 8 17 CFR 240.19b–4(f)(2). 9 17 CFR 200.30–3(a)(12).
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Document Created: 2016-02-19 23:56:59
Document Modified: 2016-02-19 23:56:59
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| FR Citation | 81 FR 8803 |
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