82 FR 58825 - Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing of Proposed Rule Change To Amend the Exchange Rules To Make Permanent a Program That Allows Transactions To Take Place in Open Outcry Trading at Prices of at Least $0 But Less Than $1 per Option Contract (“Sub-Dollar Cabinet Trades”)

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 239 (December 14, 2017)

Page Range		58825-58827
FR Document		2017-26912
Federal Register, Volume 82 Issue 239 (Thursday, December 14, 2017)
[Federal Register Volume 82, Number 239 (Thursday, December 14, 2017)]
[Notices]
[Pages 58825-58827]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-26912]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-82245; File No. SR-Phlx-2017-99]


Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing 
of Proposed Rule Change To Amend the Exchange Rules To Make Permanent a 
Program That Allows Transactions To Take Place in Open Outcry Trading 
at Prices of at Least $0 But Less Than $1 per Option Contract (``Sub-
Dollar Cabinet Trades'')

December 8, 2017.
    Pursuant to 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 November 29, 2017 Nasdaq PHLX LLC (``Phlx'' or ``Exchange'') filed 
with the Securities and Exchange Commission (``SEC'' or ``Commission'') 
the proposed rule change as described in Items I and II 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.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange proposes to a proposal[sic] to amend the Exchange's 
rules to make permanent a program that allows transactions to take 
place in open outcry trading at prices of at least $0 but less than $1 
per option contract (``sub-dollar cabinet trades'').
    The text of the proposed rule change is available on the Exchange's 
website at http://nasdaqphlx.cchwallstreet.com/, at the principal 
office of the Exchange, 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 Rule 1059 to make permanent a 
program that allows transactions to take place at a price that is below 
$1 per option contract.\3\ The program is currently subject to a pilot 
that is scheduled to expire on January 5, 2018.\4\
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    \3\ See Commentary .02, Limit Orders Priced Below $1, to 
Exchange Rule 1059, Accommodation Transactions.
    \4\ See Securities Exchange Act Release No. 79782 (January 12, 
2017), 82 FR 6667 (January 19, 2017) (SR-Phlx-2017-01). The Exchange 
initially adopted the program in 2010. See Securities Exchange Act 
Release No. 63626 (December 30, 2010), 76 FR 812 (January 6, 2011) 
(SR-Phlx-2010-185).
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    An ``accommodation'' or ``cabinet'' trade refers to trades in 
listed options on the Exchange that are worthless or not actively 
traded. Trading is generally conducted in accordance with Exchange 
Rules, except as provided in Exchange Rule 1059, Accommodation 
Transactions (Cabinet Trades), which sets forth specific procedures for 
engaging in cabinet trades.
    Rule 1059 provides that a ``cabinet order'' is a closing limit 
order at a price of $1 per option contract for the account of a 
customer, firm, specialist or ROT. An opening order is not a ``cabinet 
order'' but may in certain cases be matched with a cabinet order. Prior 
to the pilot program, only closing limit orders at a price of $1 per 
option contract for the accounts of customer, firm, specialists and 
Registered Options Traders (``ROTs'') could be placed in the cabinet.
    Rule 1059 currently provides that cabinet transactions at a price 
of $1 per option contract may occur via open outcry in any options 
series open for trading on the Exchange. However, the $1 Cabinet 
Trading procedures are not available in Penny Pilot Program classes

[[Page 58826]]

because in those classes an option series can trade in a standard 
increment as low as $ 0.01 per share (or $1.00 per option contract with 
a 100 share multiplier).
    The Exchange amended the Cabinet Trading procedures to allow 
transactions to take place in open outcry at a price of at least $0 but 
less than $1 per option contract. This amendment expires on January 5, 
2018. These lower-priced transactions are permitted to be traded 
pursuant to the same procedures applicable to $1 Cabinet Trades, except 
that (i) bids and offers for opening transactions are only permitted to 
accommodate closing transactions, and (ii) transactions in option 
classes participating in the Penny Pilot Program are permitted. The 
Exchange believes that allowing a price of at least $0 but less than $1 
better accommodates the closing of options positions in series that are 
worthless or not actively traded, particularly when there has been a 
significant move in the price of the underlying security, resulting in 
a large number of series being out-of-the-money. For example, a market 
participant might have a long position in a put series with a strike 
price of $30 and the underlying stock might be trading at $100. In such 
an instance, there is likely no market to close-out the position, even 
at the $1 cabinet price.
    As with other accommodation liquidations under Rule 1059, 
transactions at prices less than $1 are not disseminated to the public 
on the consolidated tape. In addition, as with other accommodation 
liquidations under Rule 1059, the transactions are exempt from the 
Consolidated Options Audit Trail (``COATS'') requirements of Exchange 
Rule 1063(e)(i). However, Rule 1059 requires all transactions, 
including transaction for less than $1, to be reported to the Exchange 
following the close of each business day.
    The Exchange notes that while the level of liquidation trades is 
not meaningful, such trades serve an essential purpose in that they 
allow market participants to close out options positions that are 
worthless or not actively trading. To illustrate, in 2016, there were a 
total of 442 Cabinet Trades comprising 244,734 contracts. Each contract 
was executed at a trade price of $ 0.01. The Exchange believes this 
level of trading demonstrates the benefit of the current program to 
market participants.
    The current rule was adopted on a pilot basis to provide the 
Exchange time to evaluate the efficacy of the change and to address any 
operational issues that might arise in processing Cabinet trades. In 
support of making the program permanent, the Exchange represents that 
there are no operational issues in processing and clearing Cabinet 
Trades in penny and subpenny increments. The Exchange is also not aware 
of the Options Clearing Corporation (``OCC'') having operational issues 
with processing Cabinet trades submitted by the Exchange. Each Cabinet 
Trade is input manually into the clearing system, and then flows 
seamlessly for settlement at OCC. More specifically, upon receiving an 
order for a Cabinet Trade, a Floor Broker fills out a designated 
cabinet transaction form provided by the Exchange noting the order 
details. The Floor Broker subsequently calls for a market for the order 
by announcing the terms of the order to the trading crowd. The Floor 
Broker proceeds to execute the order and submits the designated cabinet 
transaction form to the Nasdaq Market Operations staff for clearance 
and reporting at the close of the business day. Nasdaq Market 
Operations staff then enter the transaction into the Phlx system, which 
transmits the trade to OCC for clearance and settlement.
    At the time of adoption of the pilot the Phlx system permitted 
reporting a cabinet trade at a price as small as $0.0001, as it does 
today. The Exchange system allows Cabinet trades to be processed in a 
manner similar to how all other trades are processed by the exchange.
    Additionally, the Exchange notes that members and member 
organizations have not raised any concerns with the processing of 
Cabinet Trades.
2. Statutory Basis
    The Exchange believes that its proposal is consistent with Section 
6(b) of the Act,\5\ in general, and furthers the objectives of Section 
6(b)(5) of the Act,\6\ in particular, 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. 
The Exchange believes that liquidation trades promote competition and 
afford market participants the opportunity to close out their options 
positions. The Exchange believes that permanently approving the rules 
that allow for liquidations at a price less than $1 per option contract 
would better facilitate the closing of options positions that are 
worthless or not actively trading, especially in Penny Pilot issues 
where Cabinet Trades are not otherwise permitted. The Exchange believes 
that approving the program on a permanent basis is also consistent with 
the Act. With respect to the level of liquidation trades transacted on 
the Exchange, the Exchange believes that the data gathered provides 
meaningful support to make the program permanent.
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    \5\ 15 U.S.C. 78f(b).
    \6\ 15 U.S.C. 78f(b)(5).
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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 
approving the program on a permanent basis will not impact competition, 
as it will continue to facilitate members' ability to close positions 
in worthless or not actively traded series.

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

    Within 45 days of the date of publication of this notice in the 
Federal Register or within such longer period up to 90 days (i) as the 
Commission may designate if it finds such longer period to be 
appropriate and publishes its reasons for so finding or (ii) as to 
which the Exchange consents, the Commission shall: (a) By order approve 
or disapprove such proposed rule change, or (b) institute proceedings 
to determine whether the proposed rule change should be 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 Comments

     Use 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-Phlx-2017-99 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.


[[Page 58827]]


All submissions should refer to File Number SR-Phlx-2017-99. 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 website (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 website 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. Persons submitting comments are 
cautioned that we do not redact or edit personal identifying 
information from comment submissions. You should submit only 
information that you wish to make available publicly. All submissions 
should refer to File Number SR-Phlx-2017-99 and should be submitted on 
or before December 29, 2017.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(12).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-26912 Filed 12-13-17; 8:45 am]
 BILLING CODE 8011-01-P
Federal Register / Vol. 82, No. 239 / Thursday, December 14, 2017 / Notices 58825

2017, it filed with the Postal Regulatory SUPPLEMENTARY INFORMATION: The II. Self-Regulatory Organization’s
Commission a USPS Request to Add United States Postal Service® hereby Statement of the Purpose of, and
Priority Mail Express & Priority Mail gives notice that, pursuant to 39 U.S.C. Statutory Basis for, the Proposed Rule
Contract 54 to Competitive Product List. 3642 and 3632(b)(3), on December 8, Change
Documents are available at 2017, it filed with the Postal Regulatory In its filing with the Commission, the
www.prc.gov, Docket Nos. MC2018–49, Commission a USPS Request to Add Exchange included statements
CP2018–80. Priority Mail Contract 386 to concerning the purpose of and basis for
Competitive Product List. Documents the proposed rule change and discussed
Elizabeth A. Reed,
are available at www.prc.gov, Docket any comments it received on the
Attorney, Corporate and Postal Business Law. Nos. MC2018–50, CP2018–81.
[FR Doc. 2017–26905 Filed 12–13–17; 8:45 am] proposed rule change. The text of these
BILLING CODE 7710–12–P Elizabeth A. Reed, statements may be examined at the
Attorney, Corporate and Postal Business Law. places specified in Item IV below. The
[FR Doc. 2017–26906 Filed 12–13–17; 8:45 am] Exchange has prepared summaries, set
POSTAL SERVICE BILLING CODE 7710–12–P
forth in sections A, B, and C below, of
the most significant aspects of such
Product Change—Priority Mail statements.
Negotiated Service Agreement
A. Self-Regulatory Organization’s
AGENCY: Postal ServiceTM. SECURITIES AND EXCHANGE Statement of the Purpose of, and
COMMISSION Statutory Basis for, the Proposed Rule
ACTION: Notice.
Change
SUMMARY: The Postal Service gives [Release No. 34–82245; File No. SR–Phlx–
2017–99]
1. Purpose
notice of filing a request with the Postal
Regulatory Commission to add a The Exchange proposes to amend
domestic shipping services contract to Self-Regulatory Organizations; Nasdaq Rule 1059 to make permanent a program
the list of Negotiated Service PHLX LLC; Notice of Filing of that allows transactions to take place at
Agreements in the Mail Classification Proposed Rule Change To Amend the a price that is below $1 per option
Schedule’s Competitive Products List. Exchange Rules To Make Permanent a contract.3 The program is currently
Program That Allows Transactions To subject to a pilot that is scheduled to
DATES: Date of notice required under 39 Take Place in Open Outcry Trading at expire on January 5, 2018.4
U.S.C. 3642(d)(1): December 14, 2017. Prices of at Least $0 But Less Than $1 An ‘‘accommodation’’ or ‘‘cabinet’’
FOR FURTHER INFORMATION CONTACT: per Option Contract (‘‘Sub-Dollar trade refers to trades in listed options on
Elizabeth A. Reed, 202–268–3179. Cabinet Trades’’) the Exchange that are worthless or not
SUPPLEMENTARY INFORMATION: The actively traded. Trading is generally
December 8, 2017.
United States Postal Service® hereby conducted in accordance with Exchange
gives notice that, pursuant to 39 U.S.C. Pursuant to Section 19(b)(1) of the
Rules, except as provided in Exchange
3642 and 3632(b)(3), on December 8, Securities Exchange Act of 1934
Rule 1059, Accommodation
2017, it filed with the Postal Regulatory (‘‘Act’’),1 and Rule 19b–4 thereunder,2
Transactions (Cabinet Trades), which
Commission a USPS Request to Add notice is hereby given that on November
sets forth specific procedures for
Priority Mail Contract 387 to 29, 2017 Nasdaq PHLX LLC (‘‘Phlx’’ or
engaging in cabinet trades.
Competitive Product List. Documents ‘‘Exchange’’) filed with the Securities
Rule 1059 provides that a ‘‘cabinet
are available at www.prc.gov, Docket and Exchange Commission (‘‘SEC’’ or
order’’ is a closing limit order at a price
Nos. MC2018–52, CP2018–83. ‘‘Commission’’) the proposed rule
of $1 per option contract for the account
change as described in Items I and II
of a customer, firm, specialist or ROT.
Elizabeth A. Reed, below, which Items have been prepared
An opening order is not a ‘‘cabinet
Attorney, Corporate and Postal Business Law. by the Exchange. The Commission is
order’’ but may in certain cases be
[FR Doc. 2017–26908 Filed 12–13–17; 8:45 am] publishing this notice to solicit
matched with a cabinet order. Prior to
BILLING CODE 7710–12–P comments on the proposed rule change
the pilot program, only closing limit
from interested persons.
orders at a price of $1 per option
I. Self-Regulatory Organization’s contract for the accounts of customer,
POSTAL SERVICE Statement of the Terms of Substance of firm, specialists and Registered Options
Product Change—Priority Mail the Proposed Rule Change Traders (‘‘ROTs’’) could be placed in the
Negotiated Service Agreement The Exchange proposes to a cabinet.
proposal[sic] to amend the Exchange’s Rule 1059 currently provides that
AGENCY: Postal ServiceTM. rules to make permanent a program that cabinet transactions at a price of $1 per
ACTION: Notice. allows transactions to take place in open option contract may occur via open
outcry trading at prices of at least $0 but outcry in any options series open for
SUMMARY: The Postal Service gives less than $1 per option contract (‘‘sub- trading on the Exchange. However, the
notice of filing a request with the Postal dollar cabinet trades’’). $1 Cabinet Trading procedures are not
Regulatory Commission to add a The text of the proposed rule change available in Penny Pilot Program classes
domestic shipping services contract to is available on the Exchange’s website at
sradovich on DSK3GMQ082PROD with NOTICES

the list of Negotiated Service http://nasdaqphlx.cchwallstreet.com/,
3 See Commentary .02, Limit Orders Priced Below

Agreements in the Mail Classification $1, to Exchange Rule 1059, Accommodation
at the principal office of the Exchange, Transactions.
Schedule’s Competitive Products List. and at the Commission’s Public 4 See Securities Exchange Act Release No. 79782

DATES: Date of notice required under 39 Reference Room. (January 12, 2017), 82 FR 6667 (January 19, 2017)
U.S.C. 3642(d)(1): December 14, 2017. (SR–Phlx–2017–01). The Exchange initially adopted
the program in 2010. See Securities Exchange Act
FOR FURTHER INFORMATION CONTACT: 1 15 U.S.C. 78s(b)(1). Release No. 63626 (December 30, 2010), 76 FR 812
Elizabeth A. Reed, 202–268–3179. 2 17 CFR 240.19b–4. (January 6, 2011) (SR–Phlx–2010–185).

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Federal Register / Vol. 82, No. 239 / Thursday, December 14, 2017 / Notices 58827

All submissions should refer to File SECURITIES AND EXCHANGE comments from the Participants.5 On
Number SR–Phlx–2017–99. This file COMMISSION June 30, 2017, the Commission
number should be included on the [Release No. 34–82253; File No. SR–FINRA–
temporarily suspended and initiated
subject line if email is used. To help the 2017–011] proceedings to determine whether to
Commission process and review your approve or disapprove the proposed
comments more efficiently, please use Self-Regulatory Organizations; rule change.6 The Commission
only one method. The Commission will Financial Industry Regulatory thereafter received seven comment
post all comments on the Commission’s Authority, Inc.; Notice of Filing of letters,7 and a response to comments
internet website (http://www.sec.gov/ Amendment No. 1 to a Proposed Rule from the Participants.8 On November 9,
rules/sro.shtml). Copies of the Change to Adopt a Fee Schedule to 2017, the Commission extended the
submission, all subsequent Establish the Fees for Industry time period within which to approve
amendments, all written statements Members Related to the National the proposed rule change or disapprove
with respect to the proposed rule Market System Plan Governing the the proposed rule change to January 14,
change that are filed with the Consolidated Audit Trail 2018.9 On December 1, 2017, FINRA
Commission, and all written December 8, 2017. filed Amendment No. 1 to the proposed
communications relating to the On May 8, 2017, Financial Industry rule change, as described in Items I and
proposed rule change between the Regulatory Authority, Inc. (‘‘FINRA’’) II below, which Items have been
Commission and any person, other than filed with the Securities and Exchange
those that may be withheld from the Commission (‘‘Commission’’), pursuant comments/sr-batsedgx-2017-22/batsedgx201722-
public in accordance with the to Section 19(b)(1) of the Securities 154443.pdf. The Commission also received a
comment letter which is not pertinent to these
provisions of 5 U.S.C. 552, will be Exchange Act of 1934 (‘‘Act’’) 1 and Rule proposed rule changes. See Letter from Christina
available for website viewing and 19b–4 thereunder,2 a proposed rule Crouch, Smart Ltd., to Brent J. Fields, Secretary,
printing in the Commission’s Public change to adopt a fee schedule to Commission (dated June 5, 2017), available at:
Reference Room, 100 F Street NE, establish the fees for Industry Members https://www.sec.gov/comments/sr-batsbzx-2017-38/
related to the National Market System batsbzx201738-1785545-153152.htm.
Washington, DC 20549, on official 5 See Letter from CAT NMS Plan Participants to

business days between the hours of Plan Governing the Consolidated Audit Brent J. Fields, Secretary, Commission (dated June
Trail (‘‘CAT NMS Plan’’). The proposed 29, 2017), available at: https://www.sec.gov/
10:00 a.m. and 3:00 p.m. Copies of the
rule change was published in the comments/sr-batsbyx-2017-11/batsbyx201711-
filing also will be available for 1832632-154584.pdf.
Federal Register for comment on May
inspection and copying at the principal 22, 2017.3 The Commission received
6 See Securities Exchange Act Release No. 81067

office of the Exchange. All comments seven comment letters on the proposed
(June 30, 2017), 82 FR 31656 (July 7, 2017).
7 See Letter from W. Hardy Callcott, Partner,
received will be posted without change. rule change,4 and a response to Sidley Austin LLP, to Brent J. Fields, Secretary,
Persons submitting comments are Commission (dated July 27, 2017), available at:
cautioned that we do not redact or edit 1 15 U.S.C. 78s(b)(1). https://www.sec.gov/comments/sr-batsbyx-2017-11/
personal identifying information from 2 17 CFR 240.19b–4. batsbyx201711-2148338-157737.pdf; Letter from
Kevin Coleman, General Counsel and Chief
comment submissions. You should 3 See Securities Exchange Act Release Nos. 80710
Compliance Officer, Belvedere Trading LLC, to
(May 17, 2017), 82 FR 23639 (May 23, 2017)
submit only information that you wish (‘‘Original Proposal’’). Brent J. Fields, Secretary, Commission (dated July
to make available publicly. All 4 Since the CAT NMS Plan Participants’ proposed 28, 2017), available at: https://www.sec.gov/
submissions should refer to File rule changes to adopt fees to be charged to Industry comments/sr-batsbyx-2017-11/batsbyx201711-
Members to fund the consolidated audit trail are 2148360-157740.pdf; Letter from Joanna Mallers,
Number SR–Phlx–2017–99 and should Secretary, FIA Principal Traders Group, to Brent J.
substantively identical, the Commission is
be submitted on or before December 29, considering all comments received on the proposed Fields, Secretary, Commission (dated July 28, 2017),
2017. rule changes regardless of the comment file to available at: https://www.sec.gov/comments/sr-
which they were submitted. See text accompanying batsbyx-2017-11/batsbyx201711-2151228-
For the Commission, by the Division of notes 12–15 infra, for a list of the CAT NMS Plan 157745.pdf; Letter from Theodore R. Lazo,
Trading and Markets, pursuant to delegated Participants. See Letter from Theodore R. Lazo, Managing Director and Associate General Counsel,
authority.7 Managing Director and Associate General Counsel, SIFMA, to Brent J. Fields, Secretary, Commission
Securities Industry and Financial Markets (dated July 28, 2017), available at: https://
Eduardo A. Aleman, Association, to Brent J. Fields, Secretary, www.sec.gov/comments/sr-batsbyx-2017-11/batsbyx
Assistant Secretary. Commission (dated June 6, 2017), available at: 201711-2150977-157744.pdf; Letter from Stuart J.
https://www.sec.gov/comments/sr-batsbzx-2017-38/ Kaswell, Executive Vice President and Managing
[FR Doc. 2017–26912 Filed 12–13–17; 8:45 am] Director, General Counsel, Managed Funds
batsbzx201738-1788188-153228.pdf; Letter from
BILLING CODE 8011–01–P Patricia L. Cerny and Steven O’Malley, Compliance Association, to Brent J. Fields, Secretary,
Consultants, to Brent J. Fields, Secretary, Commission (dated July 28, 2017), available at:
Commission (dated June 12, 2017), available at: https://www.sec.gov/comments/sr-batsbyx-2017-11/
https://www.sec.gov/comments/sr-cboe-2017-040/ batsbyx201711-2150818-157743.pdf; Letter from
cboe2017040-1799253-153675.pdf; Letter from John Kinahan, Chief Executive Officer, Group One
Daniel Zinn, General Counsel, OTC Markets Group Trading, L.P., to Brent J. Fields, Secretary,
Inc., to Eduardo A. Aleman, Assistant Secretary, Commission (dated August 10, 2017), available at:
Commission (dated June 13, 2017), available at: https://www.sec.gov/comments/sr-finra-2017-011/
https://www.sec.gov/comments/sr-finra-2017-011/ finra2017011-2214568-160619.pdf; Letter from
finra2017011-1801717-153703.pdf; Letter from Joseph Molluso, Executive Vice President and CFO,
Joanna Mallers, Secretary, FIA Principal Traders Virtu Financial, to Brent J. Fields, Commission
Group, to Brent J. Fields, Secretary, Commission (dated August 18, 2017), available at: https://
(dated June 22, 2017), available at: https:// www.sec.gov/comments/sr-finra-2017-011/finra
www.sec.gov/comments/sr-cboe-2017-040/cboe 2017011-2238648-160830.pdf.
sradovich on DSK3GMQ082PROD with NOTICES

8 See Letter from Michael Simon, Chair, CAT
2017040-1819670-154195.pdf; Letter from Stuart J.
Kaswell, Executive Vice President and Managing NMS Plan Operating Committee, to Brent J. Fields,
Director, General Counsel, Managed Funds Commission, Secretary (dated November 2, 2017),
Association, to Brent J. Fields, Secretary, available at https://www.sec.gov/comments/sr-
Commission (dated June 23, 2017), available at: batsbyx-2017-11/batsbyx201711-2674608-
https://www.sec.gov/comments/sr-finra-2017-011/ 161412.pdf.
finra2017011-1822454-154283.pdf; and Letter from 9 See Securities Exchange Act Release No. 82049

Suzanne H. Shatto, Investor, to Commission (dated (November 9, 2017), 82 FR 53549 (November 16,
7 17 CFR 200.30–3(a)(12). June 27, 2017), available at: https://www.sec.gov/ 2017).

VerDate Sep<11>2014 21:28 Dec 13, 2017 Jkt 244001 PO 00000 Frm 00036 Fmt 4703 Sfmt 4703 E:\FR\FM\14DEN1.SGM 14DEN1
Document Created: 2018-10-25 10:51:16
Document Modified: 2018-10-25 10:51:16
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		82 FR 58825