82 FR 9265 - Self-Regulatory Organizations; BOX Options Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 7150 (The Price Improvement Period (“PIP”))
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 82, Issue 22 (February 3, 2017)
Federal Register Volume 82, Issue 22 (February 3, 2017)
| Page Range | 9265-9267 | |
| FR Document | 2017-02261 |
[Federal Register Volume 82, Number 22 (Friday, February 3, 2017)] [Notices] [Pages 9265-9267] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-02261] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-79900; File No. SR-BOX-2017-06] Self-Regulatory Organizations; BOX Options Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 7150 (The Price Improvement Period (``PIP'')) January 30, 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 January 18, 2017, BOX Options Exchange LLC (the ``Exchange'') filed with the Securities and Exchange Commission (``Commission'') the proposed rule change as described in Items I and II below, which Items have been prepared by the self-regulatory organization. The Commission is publishing this notice to solicit comments on the proposed rule from interested persons. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend Rule 7150 (The Price Improvement Period (``PIP'')). 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 self-regulatory organization 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 self-regulatory organization 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 purpose of the proposed rule change is to amend Rule 7150 (The Price Improvement Period (``PIP'')) to provide that if at the start of the auction the quoted NBBO spread is less than or equal to a $0.01, only PIP Orders for less than 50 contracts will be rejected. The Exchange recently filed to amend the BOX Rules to make permanent the pilot programs that permit the Exchange to have no minimum size requirement for orders entered into the PIP (``PIP Pilot Program'') and COPIP (``COPIP Pilot Program''), collectively known as the (``Programs'').\3\ As part of this filing, BOX also modified the requirements for the PIP to specify where the National Best Bid and Offer (``NBBO'') spread is less than equal to $0.01, the PIP Order and corresponding Primary Improvement Order will be rejected. --------------------------------------------------------------------------- \3\ See Securities Exchange Act Release No. 79531 (December 12, 2016), 81 FR 91227 (December 16, 2016) (SR-BOX-2016-58). --------------------------------------------------------------------------- The Exchange now proposes to modify the requirements of the PIP to specify where the NBBO spread is less than or equal to $0.01; only PIP Orders for less than 50 contracts will be rejected. This is a competitive filing based on the price improvement auction proposed rules of the Miami International Securities Exchange, LLC (``MIAX'').\4\ Specifically, under MIAX Rule 515A(a)(1)(iii), with respect to Agency Orders that have a size of less than 50 contracts, if at the receipt of the Agency Order, the NBBO has a bid/ask differential of $0.01, the System will reject the Agency Order. Further, [[Page 9266]] Agency Orders with a size of under 50 contracts will be accepted and processed by the MIAX System when the NBBO bid/ask differential is greater than $0.01. --------------------------------------------------------------------------- \4\ See Securities Exchange Act Release No. 79500 (December 7, 2016), 81 FR 90030 (December 13, 2016). See also MIAX Rule 515A.(a)(1)(iii). --------------------------------------------------------------------------- 2. Statutory Basis The Exchange believes that the proposal is consistent with the requirements of Section 6(b) of the Act,\5\ in general, and Section 6(b)(5) of the Act,\6\ in particular, in that it is designed to promote just and equitable principles of trade, remove impediments to and perfect the mechanism of a free and open market and a national market system, and, in general protect investors and the public interest. --------------------------------------------------------------------------- \5\ 15 U.S.C. 78f(b). \6\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- The proposed rule change will allow PIP auctions of 50 or more contracts to continue without restriction on NBBO spread. The Exchange believes this removes impediments to and better provides for a free and open market. As such, BOX believes the proposed rule change is in the public interest, and therefore, consistent with the Act. The Exchange also notes that the proposal would provide increased opportunities for increased price improvements for these types of orders which will benefit market participants engaging in the PIP auctions. Additionally, as set forth above, the Exchange believes this proposed change is reasonable and appropriate as it is based on the rules of another exchange.\7\ --------------------------------------------------------------------------- \7\ See supra note 4. --------------------------------------------------------------------------- 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. To the contrary, the proposal is pro-competitive because it will enable the Exchange to better compete with another options exchange that allows PIP Orders of more than 50 contracts to trade when the NBBO spread is $0.01 or less.\8\ --------------------------------------------------------------------------- \8\ Id. --------------------------------------------------------------------------- C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others The Exchange has neither solicited nor received comments on the proposed rule change. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Because the foregoing proposed rule change does not: (i) Significantly affect the protection of investors or the public interest; (ii) impose any significant burden on competition; and (iii) become operative for 30 days from the date on which it was filed, or such shorter time as the Commission may designate, it has become effective pursuant to Section 19(b)(3)(A)(iii) of the Act \9\ and subparagraph (f)(6) of Rule 19b-4 thereunder.\10\ --------------------------------------------------------------------------- \9\ 15 U.S.C. 78s(b)(3)(A)(iii). \10\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6) requires a self-regulatory organization to give the Commission written notice of its intent to file the proposed rule change at least five business days prior to the date of filing of the proposed rule change, or such shorter time as designated by the Commission. The Commission deems this requirement to have been met. --------------------------------------------------------------------------- A proposed rule change filed under Rule 19b-4(f)(6) normally does not become operative for 30 days after the date of filing. However, Rule 19b-4(f)(6)(iii) \11\ permits the Commission to designate a shorter time if such action is consistent with the protection of investors and the public interest. In its filing with the Commission, the Exchange requests that the Commission waive the 30-day operative delay so that the changes can be implemented immediately. The Exchange states that waiver of the operative delay is consistent with the protection of investors and the public interest because it will promote fair competition among the exchanges by allowing the Exchange to adjust the PIP rules to provide that if at the start of the auction the quoted NBBO spread is less than or equal to a $0.01, only PIP Orders for less than 50 contracts will be rejected. The Exchange also states that the proposed rule change is substantially similar to the rules in place at another options exchange.\12\ For these reasons, the Commission believes that waiving the 30-day operative delay is consistent with the protection of investors and the public interest. Therefore, the Commission designates the proposed rule change operative upon filing.\13\ --------------------------------------------------------------------------- \11\ 17 CFR 240.19b-4(f)(6)(iii). \12\ See supra note 4. \13\ For purposes only of waiving the 30-day operative delay, the Commission has considered the proposed rule's impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). --------------------------------------------------------------------------- At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission shall institute proceedings to determine whether the proposed rule should be approved or disapproved. 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 rule-comments@sec.gov. Please include File Number SR-BOX-2017-06 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-2017-06. 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, on official business days between the hours of 10:00 a.m. and 3:00 p.m., located at 100 F Street NE., Washington, DC 20549. 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- 2017-06 and should be submitted on or before February 24, 2017. [[Page 9267]] For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\14\ --------------------------------------------------------------------------- \14\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017-02261 Filed 2-2-17; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 82, No. 22 / Friday, February 3, 2017 / Notices 9265
provides that such an amendment will may be withheld from the public in Internet Web site at http://
be effective when the amendment is accordance with the provisions of 5 boxexchange.com.
approved by the Commission or U.S.C. 552, will be available for Web
II. Self-Regulatory Organization’s
otherwise becomes effective pursuant to site viewing and printing in the
Statement of the Purpose of, and
Section 11A of the Act and Rule 608 Commission’s Public Reference Room,
Statutory Basis for, the Proposed Rule
thereunder. 100 F Street NE., Washington, DC
Change
20549, on official business days
II. Effectiveness of the Linkage Plan In its filing with the Commission, the
between the hours of 10:00 a.m. and
Amendment self-regulatory organization included
3:00 p.m. Copies of such filing also will
The foregoing Plan amendment has be available for inspection and copying statements concerning the purpose of,
become effective pursuant to Rule at the principal office of MIAX PEARL. and basis for, the proposed rule change
608(b)(3)(iii) 8 because it involves solely All comments received will be posted and discussed any comments it received
technical or ministerial matters. At any without change; the Commission does on the proposed rule change. The text
time within sixty days of the filing of not edit personal identifying of these statements may be examined at
this amendment, the Commission may information from submissions. You the places specified in Item IV below.
summarily abrogate the amendment and should submit only information that The self-regulatory organization has
require that it be refiled pursuant to you wish to make available publicly. All prepared summaries, set forth in
paragraph (a)(1) of Rule 608,9 if it submissions should refer to File Sections A, B, and C below, of the most
appears to the Commission that such Number 4–546 and should be submitted significant aspects of such statements.
action is necessary or appropriate in the on or before February 24, 2017. A. Self-Regulatory Organization’s
public interest, for the protection of
By the Commission. Statement of the Purpose of, and
investors or the maintenance of fair and
Eduardo A. Aleman, Statutory Basis for, the Proposed Rule
orderly markets, to remove impediments
Assistant Secretary. Change
to, and perfect the mechanisms of, a
national market system or otherwise in [FR Doc. 2017–02265 Filed 2–2–17; 8:45 am] 1. Purpose
furtherance of the purposes of the Act. BILLING CODE 8011–01–P
The purpose of the proposed rule
III. Solicitation of Comments change is to amend Rule 7150 (The
Interested persons are invited to SECURITIES AND EXCHANGE Price Improvement Period (‘‘PIP’’)) to
submit written data, views and COMMISSION provide that if at the start of the auction
arguments concerning the foregoing, the quoted NBBO spread is less than or
[Release No. 34–79900; File No. SR–BOX– equal to a $0.01, only PIP Orders for less
including whether the amendment is 2017–06]
consistent with the Act. Comments may than 50 contracts will be rejected.
The Exchange recently filed to amend
be submitted by any of the following Self-Regulatory Organizations; BOX the BOX Rules to make permanent the
methods: Options Exchange LLC; Notice of pilot programs that permit the Exchange
Electronic Comments Filing and Immediate Effectiveness of to have no minimum size requirement
a Proposed Rule Change To Amend for orders entered into the PIP (‘‘PIP
• Use the Commission’s Internet Rule 7150 (The Price Improvement
comment form (http://www.sec.gov/ Pilot Program’’) and COPIP (‘‘COPIP
Period (‘‘PIP’’)) Pilot Program’’), collectively known as
rules/sro.shtml); or
• Send an email to rule-comments@ January 30, 2017. the (‘‘Programs’’).3 As part of this filing,
sec.gov. Please include File Number 4– Pursuant to Section 19(b)(1) of the BOX also modified the requirements for
546 on the subject line. Securities Exchange Act of 1934 the PIP to specify where the National
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 Best Bid and Offer (‘‘NBBO’’) spread is
Paper Comments less than equal to $0.01, the PIP Order
notice is hereby given that on January
• Send paper comments in triplicate 18, 2017, BOX Options Exchange LLC and corresponding Primary
to Brent J. Fields, Secretary, Securities (the ‘‘Exchange’’) filed with the Improvement Order will be rejected.
and Exchange Commission, 100 F Street Securities and Exchange Commission The Exchange now proposes to
NE., Washington, DC 20549–1090. (‘‘Commission’’) the proposed rule modify the requirements of the PIP to
All submissions should refer to File change as described in Items I and II specify where the NBBO spread is less
Number 4–546. This file number should below, which Items have been prepared than or equal to $0.01; only PIP Orders
be included on the subject line if email by the self-regulatory organization. The for less than 50 contracts will be
is used. To help the Commission Commission is publishing this notice to rejected. This is a competitive filing
process and review your comments solicit comments on the proposed rule based on the price improvement auction
more efficiently, please use only one from interested persons. proposed rules of the Miami
method. The Commission will post all International Securities Exchange, LLC
comments on the Commission’s Internet I. Self-Regulatory Organization’s (‘‘MIAX’’).4 Specifically, under MIAX
Web site (http://www.sec.gov/rules/ Statement of the Terms of Substance of Rule 515A(a)(1)(iii), with respect to
sro.shtml). Copies of the submission, all the Proposed Rule Change Agency Orders that have a size of less
subsequent amendments, all written The Exchange proposes to amend than 50 contracts, if at the receipt of the
Agency Order, the NBBO has a bid/ask
asabaliauskas on DSK3SPTVN1PROD with NOTICES
statements with respect to the proposed Rule 7150 (The Price Improvement
rule change that are filed with the Period (‘‘PIP’’)). The text of the differential of $0.01, the System will
Commission, and all written proposed rule change is available from reject the Agency Order. Further,
communications relating to the the principal office of the Exchange, at
3 See Securities Exchange Act Release No. 79531
amendment between the Commission the Commission’s Public Reference
(December 12, 2016), 81 FR 91227 (December 16,
and any person, other than those that Room and also on the Exchange’s 2016) (SR–BOX–2016–58).
4 See Securities Exchange Act Release No. 79500
8 17 CFR 242.608(b)(3)(iii). 1 15 U.S.C. 78s(b)(1). (December 7, 2016), 81 FR 90030 (December 13,
9 17 CFR 242.608(a)(1). 2 17 CFR 240.19b–4. 2016). See also MIAX Rule 515A.(a)(1)(iii).
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![Federal Register / Vol. 82, No. 22 / Friday, February 3, 2017 / Notices 9267
For the Commission, by the Division of Commission extended the time for Platform class.9 CBOE has authorized a
Trading and Markets, pursuant to delegated Commission consideration of the group of series within the S&P 500
authority.14 proposal until March 2, 2017.5 This options class, trading under the symbol
Eduardo A. Aleman, order provides notice of filing of SPXW, to trade on Hybrid.10 The SPX
Assistant Secretary. Amendment No. 1 and approves the options series, which trade on the
[FR Doc. 2017–02261 Filed 2–2–17; 8:45 am] proposed rule change, as modified by Hybrid 3.0 Platform, are a.m.-settled
BILLING CODE 8011–01–P Amendment No. 1, on an accelerated contracts with standard third Friday
basis. expirations.11 The SPXW options series,
which trade on Hybrid, are p.m.-settled
SECURITIES AND EXCHANGE II. Description of the Proposed Rule
contracts with non-standard
COMMISSION Change
expirations.12
Currently, there are two trading Currently, when CBOE receives a
[Release No. 34–79899; File No. SR–CBOE–
2016–080]
platforms operating on CBOE’s trade complex order consisting of both SPX
engine, CBOE Command: (i) Hybrid; and and SPXW options series (an ‘‘SPX/
Self-Regulatory Organizations; (ii) the Hybrid 3.0 Platform.6 For each SPXW order’’) during regular trading
Chicago Board Options Exchange, Hybrid 3.0 class, CBOE may determine hours, the order is routed to a PAR
Incorporated; Notice of Filing of to authorize a group of series of the class workstation pursuant to CBOE Rule
Amendment No. 1 and Order Granting for trading on Hybrid.7 CBOE may 6.12(a)(1) to provide an opportunity for
Accelerated Approval of a Proposed establish Hybrid trading parameters for the order to trade in open outcry.13 If
Rule Change, as Modified by such a group on a group basis to the CBOE receives an SPX/SPXW order
Amendment No. 1, To Amend CBOE extent that CBOE’s rules otherwise during extended trading hours, the
Rule 6.53C allow CBOE to establish such trading order is rejected back to the sender.14
parameters on a class basis.8 Currently, CBOE handles SPX/SPXW orders in this
January 30, 2017. options on the Standard & Poor’s 500 manner because its system currently
I. Introduction Index (‘‘S&P 500’’), trading under the cannot accept complex orders consisting
symbol SPX, are the only Hybrid 3.0 of series that trade on different trading
On November 17, 2016, Chicago
platforms.15 CBOE is updating its
Board Options Exchange, Incorporated a comment letter to the file, which the Commission system to accept SPX/SPXW orders so
(‘‘CBOE’’ or the ‘‘Exchange’’) filed with posted on its Web site and placed in the public
they will be able to trade with other
the Securities and Exchange comment file for CBOE–2016–080 (available at
https://www.sec.gov/comments/sr-cboe-2016-080/ SPX/SPXW orders electronically during
Commission (‘‘Commission’’), pursuant
cboe2016080-1454634-130131.pdf). CBOE also regular trading hours and extended
to Section 19(b)(1) of the Securities posted a copy of its Amendment No. 1 on its Web trading hours.16 As described in more
Exchange Act of 1934 (‘‘Act’’) 1 and Rule site (http://www.cboe.com/framed/
detail below, the proposal amends
19b–4 thereunder,2 a proposed rule PDFframed.aspx?content=/publish/RuleFilingsSEC/
SR-CBOE-2016-080.a1.pdf§ion=SEC_ABOUT_ CBOE’s rules to specify the manner in
change to amend CBOE Rule 6.53C,
CBOE_BOD&title=Proposal+Regarding+Complex+ which SPX/SPXW orders, and any other
Interpretation and Policy .10, to provide Orders+Consisting+of+SPX+Options+Series+and+ complex orders consisting of series that
for the electronic trading of complex SPXW+Options+Series) when it filed Amendment
trade on Hybrid and on the Hybrid 3.0
orders consisting of series authorized for No. 1 with the Commission.
5 See Securities Exchange Act Release No. 79783 Platform, will be executed
trading on the Hybrid 3.0 Platform and
(January 12, 2017), 82 FR 6673 (January 19, 2017). electronically.17
series authorized for trading on the 6 See Notice, 81 FR at 87103. As described more CBOE Rule 6.53C, Interpretation and
Hybrid Trading System (‘‘Hybrid’’ or fully in the Notice, CBOE introduced Hybrid, an Policy .10 provides rules governing the
‘‘Hybrid Trading System’’). The electronic trading platform integrated with CBOE’s execution of complex orders in Hybrid
proposed rule change was published for floor-based open-outcry auction market, in 2003.
See Securities Exchange Act Release No. 47959 3.0 classes trading on the Hybrid 3.0
comment in the Federal Register on (May 30, 2003), 68 FR 34441 (June 9, 2003) (order Platform. CBOE proposes to amend
December 2, 2016.3 The Commission approving File No. SR CBOE–2002–05). CBOE CBOE Rule 6.53C, Interpretation and
received no comment letters regarding subsequently implemented an enhanced version of Policy .10 to provide that if CBOE
the proposed rule change. On December Hybrid, known as Hybrid 2.0, which allows remote
quoting in option classes. See Securities Exchange authorizes a group of series of a Hybrid
30, 2016, the Exchange filed Act Release No. 50003 (July 12, 2004), 69 FR 43028 3.0 class for trading on Hybrid pursuant
Amendment No. 1 to the proposed rule (July 19, 2004) (order approving File No. SR–CBOE– to CBOE Rule 8.14, Interpretation and
change.4 On January 12, 2017, the 2004–24). CBOE later implemented the Hybrid 3.0 Policy .01, CBOE Rule 6.53C,
Platform, a trading platform on Hybrid that allows
14 17 one or more quoters to submit electronic quotes that Interpretation and Policy .10 will apply
CFR 200.30–3(a)(12).
1 15
represent the aggregate Market Maker quotation to a complex order with at least one leg
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
interest in a series for the trading crowd. See in a series from the group authorized for
Securities Exchange Act Release No. 55874 (June 7, trading on the Hybrid 3.0 Platform,
3 See Securities Exchange Act Release No. 79406
2007), 72 FR 32688 (June 13, 2007) (order approving
(November 28, 2016), 81 FR 87102 (‘‘Notice’’). File No. SR–CBOE–2006–101). In 2008, CBOE including if the order has another leg(s)
4 As discussed more fully below, Amendment No. removed the distinction between Hybrid and
1 revises the proposal to describe the treatment of Hybrid 2.0 classes and deleted references to the 9 See CBOE Rule 8.3(c)(iii).
an SPX/SPXW order resting on the complex order Hybrid 2.0 platform because CBOE migrated all 10 See Notice, 81 FR at 87103.
book (‘‘COB’’) that becomes marketable against option classes, other than classes traded on the 11 See id. at 87103–87104.
orders residing in the EBook for the individual legs Hybrid 3.0 Platform, from Hybrid to Hybrid 2.0. See 12 See id. at 87104.
of the order; indicate when an incoming SPX/SPXW Securities Exchange Act Release No. 58153 (July 14, 13 See id.
2008), 73 FR 41386 (July 18, 2008) (notice of filing
asabaliauskas on DSK3SPTVN1PROD with NOTICES
order will be subject to a complex order auction 14 See id. See also CBOE Rule 6.1A(b) and RG15–
(‘‘COA’’); indicate that non-customer SPX/SPXW and immediate effectiveness of File No. SR–CBOE–
orders that are marketable upon receipt will not be 2008–067). Following the removal of the Hybrid 2.0 013.
15 See Notice, 81 FR at 87104.
COA-eligible; describe the treatment of SPX/SPXW distinction, all options classes, other than those
orders during extended trading hours; and indicate trading on the Hybrid 3.0 Platform, have been 16 See id.
that CBOE will announce the implementation date referred to as Hybrid classes trading on the Hybrid 17 Although the proposal focuses on SPX/SPXW
of the proposal via Regulatory Circular at least Trading System. orders, the proposed rules will apply to all complex
7 See CBOE Rule 8.14, Interpretation and Policy
seven days prior to the implementation date. To orders consisting of series that trade on Hybrid and
promote transparency of its proposed amendment, .01. series that trade on the Hybrid 3.0 Platform. See
when CBOE filed Amendment No. 1 with the 8 See CBOE Rule 8.14, Interpretation and Policy Notice, 81 FR at 87104. See also CBOE Rule 6.53C,
Commission, it also submitted Amendment No. 1 as .01(c). Interpretation and Policy .10.
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Document Created: 2018-02-01 14:34:52
Document Modified: 2018-02-01 14:34:52
| Category | Regulatory Information | |
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| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| Section | Notices | |
| FR Citation | 82 FR 9265 |
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