82_FR_28220 82 FR 28103 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Withdrawal of Proposed Rule Change Related to Complex Orders

82 FR 28103 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Withdrawal of Proposed Rule Change Related to Complex Orders

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 117 (June 20, 2017)

Page Range28103-28103
FR Document2017-12767

Federal Register, Volume 82 Issue 117 (Tuesday, June 20, 2017) 
[Federal Register Volume 82, Number 117 (Tuesday, June 20, 2017)]
[Notices]
[Page 28103]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-12767]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-80926; File No. SR-CBOE-2017-019]


Self-Regulatory Organizations; Chicago Board Options Exchange, 
Incorporated; Notice of Withdrawal of Proposed Rule Change Related to 
Complex Orders

June 14, 2017.
    On March 7, 2017, the Chicago Board Options Exchange, Incorporated 
(the ``Exchange'' or ``CBOE'') filed with the Securities and Exchange 
Commission (the ``Commission''), pursuant to Section 19(b)(1) of the 
Securities Exchange Act of 1934 (the ``Act''),\1\ and Rule 19b-4 
thereunder,\2\ a proposed rule change to amend its rules with respect 
to orders in open outcry to set forth applicable ratios for an order to 
be eligible for complex order priority within applicable priority 
rules, make explicit the priority applicable when there are other 
complex orders or quotes represented at the same net price, and clarify 
the applicable minimum increment. The Exchange also proposed to 
simplify the definitions of the complex order types that may be made 
available on a class-by-class basis. The proposed rule change was 
published for comment in the Federal Register on March 24, 2017.\3\ On 
May 5, 2017, the Commission issued a notice designating a longer period 
of time to act on the proposed rule change.\4\ The Commission has not 
received any comments on the proposed rule change. On June 6, 2017, 
CBOE withdrew the proposed rule change (SR-CBOE-2017-019).
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 80279 (March 20, 
2017), 82 FR 15085 (``Notice'').
    \4\ See Securities Exchange Act Release No. 80609, 82 FR 22035.
    \5\ 17 CFR 200.30-3(a)(31).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\5\
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-12767 Filed 6-19-17; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 82, No. 117 / Tuesday, June 20, 2017 / Notices 28103 change, or within such longer period up within applicable priority rules, make to reduce the amount of one of the to 90 days as the Commission may explicit the priority applicable when credits for entering an order that designate if it finds such longer period there are other complex orders or quotes accesses liquidity in the Exchange’s to be appropriate and publishes its represented at the same net price, and Equities System, as described further reasons for so finding or as to which the clarify the applicable minimum below. self-regulatory organization consents, increment. The Exchange also proposed The text of the proposed rule change the Commission shall either approve the to simplify the definitions of the is available on the Exchange’s Web site proposed rule change, disapprove the complex order types that may be made at http://nasdaqbx.cchwallstreet.com/, proposed rule change, or institute available on a class-by-class basis. The at the principal office of the Exchange, proceedings to determine whether the proposed rule change was published for and at the Commission’s Public proposed rule change should be comment in the Federal Register on Reference Room. disapproved. The 45th day for this filing March 24, 2017.3 On May 5, 2017, the is June 16, 2017. II. Self-Regulatory Organization’s Commission issued a notice designating The Commission is extending the 45- Statement of the Purpose of, and a longer period of time to act on the day time period for Commission action Statutory Basis for, the Proposed Rule proposed rule change.4 The Commission on the proposed rule change. The Change has not received any comments on the Commission finds that it is appropriate proposed rule change. On June 6, 2017, In its filing with the Commission, the to designate a longer period within CBOE withdrew the proposed rule Exchange included statements which to take action on the proposed change (SR–CBOE–2017–019). concerning the purpose of and basis for rule change so that it has sufficient time the proposed rule change and discussed For the Commission, by the Division of to consider and take action on the any comments it received on the Trading and Markets, pursuant to delegated Exchange’s proposed rule change. authority.5 proposed rule change. The text of these Accordingly, pursuant to Section statements may be examined at the Eduardo A. Aleman, 19(b)(2) of the Act 5 and for the reasons places specified in Item IV below. The stated above, the Commission Assistant Secretary. Exchange has prepared summaries, set designates July 31, 2017, as the date by [FR Doc. 2017–12767 Filed 6–19–17; 8:45 am] forth in sections A, B, and C below, of which the Commission shall either BILLING CODE 8011–01–P the most significant aspects of such approve or disapprove, or institute statements. proceedings to determine whether to disapprove, the proposed rule change SECURITIES AND EXCHANGE A. Self-Regulatory Organization’s (File No. SR–ISE–2017–32). COMMISSION Statement of the Purpose of, and [Release No. 34–80924; File No. SR–BX– Statutory Basis for, the Proposed Rule For the Commission, by the Division of Change Trading and Markets, pursuant to delegated 2017–028] authority.6 1. Purpose Eduardo A. Aleman. Self-Regulatory Organizations; NASDAQ BX, Inc.; Notice of Filing and The purpose of the proposed rule Assistant Secretary. change is to amend the Exchange’s Immediate Effectiveness of Proposed [FR Doc. 2017–12764 Filed 6–19–17; 8:45 am] transaction fees at Rule 7018 to reduce Rule Change To Amend the BILLING CODE 8011–01–P Exchange’s Transaction Fees at Rule a credit for entering an order that 7018 accesses liquidity in the Exchange’s Equities System for ‘‘all other orders,’’ SECURITIES AND EXCHANGE June 14, 2017. i.e., orders that do not qualify for other COMMISSION Pursuant to Section 19(b)(1) of the available credits for removing liquidity. [Release No. 34–80926; File No. SR–CBOE– Securities Exchange Act of 1934 The Exchange operates on the ‘‘taker- 2017–019] (‘‘Act’’),1 and Rule 19b–4 thereunder,2 maker’’ model, whereby it pays credits notice is hereby given that on June 1, to members that take liquidity and Self-Regulatory Organizations; 2017, NASDAQ BX, Inc. (‘‘BX’’ or charges fees to members that provide Chicago Board Options Exchange, ‘‘Exchange’’) filed with the Securities liquidity. Currently, the Exchange offers Incorporated; Notice of Withdrawal of and Exchange Commission (‘‘SEC’’ or five different credits for orders that Proposed Rule Change Related to ‘‘Commission’’) the proposed rule access liquidity on the Exchange. First, Complex Orders change as described in Items I, II, and the Exchange pays a credit of $0.0016 June 14, 2017. III, below, which Items have been per share executed for an order that On March 7, 2017, the Chicago Board prepared by the Exchange. The accesses liquidity (excluding orders Options Exchange, Incorporated (the Commission is publishing this notice to with Midpoint pegging and excluding ‘‘Exchange’’ or ‘‘CBOE’’) filed with the solicit comments on the proposed rule orders that receive price improvement Securities and Exchange Commission change from interested persons. and execute against an order with a (the ‘‘Commission’’), pursuant to Non-displayed price) entered by a I. Self-Regulatory Organization’s Section 19(b)(1) of the Securities member that accesses liquidity equal to Statement of the Terms of Substance of Exchange Act of 1934 (the ‘‘Act’’),1 and or exceeding 0.10% of total the Proposed Rule Change Rule 19b–4 thereunder,2 a proposed rule Consolidated Volume during a month. The Exchange proposes to amend the Second, the Exchange pays a credit of change to amend its rules with respect Exchange’s transaction fees at Rule 7018 $0.0015 per share executed to an order sradovich on DSK3GMQ082PROD with NOTICES to orders in open outcry to set forth applicable ratios for an order to be that accesses liquidity (excluding orders 3 See Securities Exchange Act Release No. 80279 eligible for complex order priority with Midpoint pegging and excluding (March 20, 2017), 82 FR 15085 (‘‘Notice’’). 4 See Securities Exchange Act Release No. 80609, orders that receive price improvement 5 15 U.S.C. 78s(b)(2). 82 FR 22035. and execute against an order with a 6 17 CFR 200.30–3(a)(31). 5 17 CFR 200.30–3(a)(31). Non-displayed price) entered by a 1 15 U.S.C. 78s(b)(1). 1 15 U.S.C. 78s(b)(1). member that accesses liquidity equal to 2 17 CFR 240.19b–4. 2 17 CFR 240.19b–4. or exceeding 0.05% of total VerDate Sep<11>2014 18:01 Jun 19, 2017 Jkt 241001 PO 00000 Frm 00061 Fmt 4703 Sfmt 4703 E:\FR\FM\20JNN1.SGM 20JNN1


Document Created: 2017-06-20 02:20:35
Document Modified: 2017-06-20 02:20:35
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation82 FR 28103 
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