83_FR_10574 83 FR 10527 - Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Relocate Its Data Feed Offerings

83 FR 10527 - Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Relocate Its Data Feed Offerings

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 47 (March 9, 2018)

Page Range10527-10528
FR Document2018-04788

Federal Register, Volume 83 Issue 47 (Friday, March 9, 2018) 
[Federal Register Volume 83, Number 47 (Friday, March 9, 2018)]
[Notices]
[Pages 10527-10528]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-04788]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-82810; File No. SR-BX-2018-009]


Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing 
and Immediate Effectiveness of Proposed Rule Change To Relocate Its 
Data Feed Offerings

March 6, 2018.
    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 February 22, 2018, Nasdaq BX, Inc. (``BX'' or ``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 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 relocate the data feeds currently located 
at Chapter VI, Section 1(a)(3) to Chapter VI, Sec. 19, which is 
currently reserved, and entitle it ``Data Feeds.''
    The text of the proposed rule change is available on the Exchange's 
website at http://nasdaqbx.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 relocate the data feeds currently located 
at Chapter VI, Section 1(a)(3) to Chapter VI, Sec. 19, which is 
currently reserved, and entitle it ``Data Feeds.''
    The Exchange considers it is appropriate to move these data feed 
offerings to a separate rule to better organize its Rulebook and 
facilitate future cross-references. The Exchange notes that the changes 
proposed in this filing are of a non-substantive nature.
    Specifically, the Exchange proposes to rename Section 19 as ``Data 
Feeds'' and add the definitions for BX Depth of Market (``BX Depth'') 
\3\ and BX Top of Market (``BX Top'') \4\ which are currently contained 
at Chapter VI, Section 1(a)(3). The Exchange also proposes to add an 
``and'' to the end of Chapter VI, Section 1(a)(2) and a cross reference 
citation to Chapter 19 at Chapter VI, Section 1(a)(3) to point to the 
proposed rule for the list of data offerings.
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    \3\ BX Depth is a data feed that provides quotation information 
for individual orders on the BX Options book, last sale information 
for trades executed on BX Options, and Order Imbalance Information 
as set forth in BX Options Rules Chapter VI, Section 8.
    \4\ BX Top is a data feed that provides the BX Options Best Bid 
and Offer and last sale information for trades executed on BX 
Options.
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2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent 
with Section 6(b) of the Securities Exchange Act of 1934 (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 for a free and open market and a national market system, 
and, in general, to protect investors and the public interest, by 
improving the way its Rulebook is organized, providing ease of 
reference in locating data feed offerings and providing greater 
transparency to its rules. As previously stated, the proposed rule 
relocation is non-substantive and is concerned solely with the 
administration of the Exchange.
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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

    In accordance with Section 6(b)(8) of the Act,\7\ the Exchange does 
not believe that the proposed rule change will impose any burden on 
intermarket or intra-market competition that is not necessary or 
appropriate in furtherance of the purposes of the Act. The Exchange's 
proposal does not impose an undue burden on competition, rather the 
proposal seeks to improve its Rulebook's clarity and make non-
substantive rule changes.
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    \7\ 15 U.S.C. 78f(b)(8).
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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.

[[Page 10528]]

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 \8\ and 
subparagraph (f)(6) of Rule 19b-4 thereunder.\9\
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    \8\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \9\ 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, along 
with a brief description and text of 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 Exchange has satisfied this requirement.
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    A proposed rule change filed under Rule 19b-4(f)(6) normally does 
not become operative for 30 days after the date of its filing. However, 
Rule 19b-4(f)(6)(iii) \10\ permits the Commission to designate a 
shorter time if such action is consistent with the protection of 
investors and the public interest. The Exchange has requested that the 
Commission waive the 30-day operative delay so that the proposed rule 
change will become operative on filing. The Exchange stated that the 
proposed rule change promotes the protection of investors and the 
public interest by improving the organization and clarity of the 
Exchange's Rulebook. Waiver of the operative delay would allow the 
Exchange, without delay, to reorganize its Rulebook in a manner that 
improves clarity and readability. Therefore, the Commission believes 
that waiver of the 30-day operative delay is consistent with the 
protection of investors and the public interest. Accordingly, the 
Commission hereby waives the operative delay and designates the 
proposed rule change operative upon filing.\11\
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    \10\ 17 CFR 240.19b-4(f)(6)(iii).
    \11\ For purposes only of waiving the 30-day operative delay, 
the Commission also has considered the proposed rule's impact on 
efficiency, competition, and capital formation. See 15 U.S.C. 
78c(f).
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    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 change 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 Comments

     Use 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-BX-2018-009 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-BX-2018-009. 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-BX-2018-009, and should be submitted on 
or before March 30, 2018.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\12\
Eduardo A. Aleman,
Assistant Secretary.
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    \12\ 17 CFR 200.30-3(a)(12).
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[FR Doc. 2018-04788 Filed 3-8-18; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 83, No. 47 / Friday, March 9, 2018 / Notices 10527 with the requirements of 39 CFR (‘‘Act’’),1 and Rule 19b–4 thereunder,2 Market (‘‘BX Depth’’) 3 and BX Top of 3007.40. notice is hereby given that on February Market (‘‘BX Top’’) 4 which are The Commission invites comments on 22, 2018, Nasdaq BX, Inc. (‘‘BX’’ or currently contained at Chapter VI, whether the Postal Service’s request(s) ‘‘Exchange’’) filed with the Securities Section 1(a)(3). The Exchange also in the captioned docket(s) are consistent and Exchange Commission proposes to add an ‘‘and’’ to the end of with the policies of title 39. For (‘‘Commission’’) the proposed rule Chapter VI, Section 1(a)(2) and a cross request(s) that the Postal Service states change as described in Items I and II reference citation to Chapter 19 at concern market dominant product(s), below, which Items have been prepared Chapter VI, Section 1(a)(3) to point to applicable statutory and regulatory by the Exchange. The Commission is the proposed rule for the list of data requirements include 39 U.S.C. 3622, 39 publishing this notice to solicit offerings. U.S.C. 3642, 39 CFR part 3010, and 39 comments on the proposed rule change CFR part 3020, subpart B. For request(s) from interested persons. 2. Statutory Basis that the Postal Service states concern competitive product(s), applicable I. Self-Regulatory Organization’s The Exchange believes that the statutory and regulatory requirements Statement of the Terms of Substance of proposed rule change is consistent with include 39 U.S.C. 3632, 39 U.S.C. 3633, the Proposed Rule Change Section 6(b) of the Securities Exchange 39 U.S.C. 3642, 39 CFR part 3015, and The Exchange proposes to relocate the Act of 1934 (the ‘‘Act’’),5 in general, and 39 CFR part 3020, subpart B. Comment data feeds currently located at Chapter furthers the objectives of Section 6(b)(5) deadline(s) for each request appear in VI, Section 1(a)(3) to Chapter VI, Sec. of the Act,6 in particular, in that it is section II. 19, which is currently reserved, and designed to promote just and equitable entitle it ‘‘Data Feeds.’’ principles of trade, to remove II. Docketed Proceeding(s) impediments to and perfect the The text of the proposed rule change 1. Docket No(s).: CP2018–176; Filing is available on the Exchange’s website at mechanism for a free and open market Title: Notice of United States Postal http://nasdaqbx.cchwallstreet.com/, at and a national market system, and, in Service of Filing a Functionally the principal office of the Exchange, and general, to protect investors and the Equivalent Alternative Delivery at the Commission’s Public Reference public interest, by improving the way its Provider 1 Negotiated Service Room. Rulebook is organized, providing ease of Agreement and Application for Non- reference in locating data feed offerings Public Treatment of Materials Filed II. Self-Regulatory Organization’s and providing greater transparency to its Under Seal; Filing Acceptance Date: Statement of the Purpose of, and rules. As previously stated, the March 5, 2018; Filing Authority: 39 CFR Statutory Basis for, the Proposed Rule proposed rule relocation is non- 3015.5; Public Representative: Kenneth Change substantive and is concerned solely R. Moeller; Comments Due: March 13, In its filing with the Commission, the with the administration of the 2018. Exchange included statements Exchange. 2. Docket No(s).: CP2018–177; Filing concerning the purpose of and basis for Title: Notice of United States Postal the proposed rule change and discussed B. Self-Regulatory Organization’s Service of Filing a Functionally any comments it received on the Statement on Burden on Competition Equivalent Alternative Delivery proposed rule change. The text of these Provider 1 Negotiated Service In accordance with Section 6(b)(8) of statements may be examined at the Agreement and Application for Non- the Act,7 the Exchange does not believe places specified in Item IV below. The Public Treatment of Materials Filed that the proposed rule change will Exchange has prepared summaries, set Under Seal; Filing Acceptance Date: forth in sections A, B, and C below, of impose any burden on intermarket or March 5, 2018; Filing Authority: 39 CFR the most significant aspects of such intra-market competition that is not 3015.5; Public Representative: Kenneth statements. necessary or appropriate in furtherance R. Moeller; Comments Due: March 13, of the purposes of the Act. The 2018. A. Self-Regulatory Organization’s Exchange’s proposal does not impose an This Notice will be published in the Statement of the Purpose of, and undue burden on competition, rather Federal Register. Statutory Basis for, the Proposed Rule the proposal seeks to improve its Change Rulebook’s clarity and make non- Stacy L. Ruble, 1. Purpose substantive rule changes. Secretary. [FR Doc. 2018–04771 Filed 3–8–18; 8:45 am] The Exchange proposes to relocate the C. Self-Regulatory Organization’s BILLING CODE 7710–FW–P data feeds currently located at Chapter Statement on Comments on the VI, Section 1(a)(3) to Chapter VI, Sec. Proposed Rule Change Received From 19, which is currently reserved, and Members, Participants, or Others SECURITIES AND EXCHANGE entitle it ‘‘Data Feeds.’’ The Exchange considers it is No written comments were either COMMISSION appropriate to move these data feed solicited or received. [Release No. 34–82810; File No. SR–BX– offerings to a separate rule to better 2018–009] 3 BX Depth is a data feed that provides quotation organize its Rulebook and facilitate information for individual orders on the BX Self-Regulatory Organizations; Nasdaq future cross-references. The Exchange Options book, last sale information for trades BX, Inc.; Notice of Filing and notes that the changes proposed in this executed on BX Options, and Order Imbalance amozie on DSK30RV082PROD with NOTICES Immediate Effectiveness of Proposed filing are of a non-substantive nature. Information as set forth in BX Options Rules Specifically, the Exchange proposes to Chapter VI, Section 8. Rule Change To Relocate Its Data Feed 4 BX Top is a data feed that provides the BX Offerings rename Section 19 as ‘‘Data Feeds’’ and Options Best Bid and Offer and last sale add the definitions for BX Depth of information for trades executed on BX Options. March 6, 2018. 5 15 U.S.C. 78f(b). Pursuant to Section 19(b)(1) of the 1 15 U.S.C. 78s(b)(1). 6 15 U.S.C. 78f(b)(5). Securities Exchange Act of 1934 2 17 CFR 240.19b–4. 7 15 U.S.C. 78f(b)(8). VerDate Sep<11>2014 16:47 Mar 08, 2018 Jkt 244001 PO 00000 Frm 00105 Fmt 4703 Sfmt 4703 E:\FR\FM\09MRN1.SGM 09MRN1

10528 Federal Register / Vol. 83, No. 47 / Friday, March 9, 2018 / Notices III. Date of Effectiveness of the Commission shall institute proceedings For the Commission, by the Division of Proposed Rule Change and Timing for to determine whether the proposed rule Trading and Markets, pursuant to delegated Commission Action change should be approved or authority.12 disapproved. Eduardo A. Aleman, Because the foregoing proposed rule change does not (i) significantly affect Assistant Secretary. IV. Solicitation of Comments the protection of investors or the public [FR Doc. 2018–04788 Filed 3–8–18; 8:45 am] interest; (ii) impose any significant Interested persons are invited to BILLING CODE 8011–01–P burden on competition; and (iii) become submit written data, views, and operative for 30 days from the date on arguments concerning the foregoing, which it was filed, or such shorter time including whether the proposed rule SECURITIES AND EXCHANGE as the Commission may designate, it has change is consistent with the Act. COMMISSION become effective pursuant to Section Comments may be submitted by any of [Release No. 34–82811; File No. SR– 19(b)(3)(A)(iii) of the Act 8 and the following methods: NASDAQ–2018–016] subparagraph (f)(6) of Rule 19b–4 Electronic Comments thereunder.9 Self-Regulatory Organizations; The A proposed rule change filed under • Use the Commission’s internet Nasdaq Stock Market LLC; Notice of Rule 19b–4(f)(6) normally does not comment form (http://www.sec.gov/ Filing and Immediate Effectiveness of become operative for 30 days after the rules/sro.shtml); or Proposed Rule Change To Relocate date of its filing. However, Rule 19b– • Send an email to rule-comments@ the Nasdaq Options Market LLC Data 4(f)(6)(iii) 10 permits the Commission to sec.gov. Please include File Number SR– Feed Offerings designate a shorter time if such action BX–2018–009 on the subject line. is consistent with the protection of March 6, 2018. Paper Comments Pursuant to Section 19(b)(1) of the investors and the public interest. The Exchange has requested that the • Send paper comments in triplicate Securities Exchange Act of 1934 Commission waive the 30-day operative to Secretary, Securities and Exchange (‘‘Act’’),1 and Rule 19b–4 thereunder,2 delay so that the proposed rule change Commission, 100 F Street NE, notice is hereby given that on February will become operative on filing. The Washington, DC 20549–1090. 22, 2018, The Nasdaq Stock Market LLC Exchange stated that the proposed rule All submissions should refer to File (‘‘Nasdaq’’ or ‘‘Exchange’’) filed with the change promotes the protection of Number SR–BX–2018–009. This file Securities and Exchange Commission investors and the public interest by number should be included on the (‘‘Commission’’) the proposed rule improving the organization and clarity subject line if email is used. To help the change as described in Items I and II of the Exchange’s Rulebook. Waiver of Commission process and review your below, which Items have been prepared the operative delay would allow the comments more efficiently, please use by the Exchange. The Commission is Exchange, without delay, to reorganize only one method. The Commission will publishing this notice to solicit its Rulebook in a manner that improves post all comments on the Commission’s comments on the proposed rule change clarity and readability. Therefore, the internet website (http://www.sec.gov/ from interested persons. Commission believes that waiver of the rules/sro.shtml). Copies of the I. Self-Regulatory Organization’s 30-day operative delay is consistent submission, all subsequent Statement of the Terms of Substance of with the protection of investors and the amendments, all written statements the Proposed Rule Change public interest. Accordingly, the with respect to the proposed rule Commission hereby waives the change that are filed with the The Exchange proposes to relocate the operative delay and designates the Commission, and all written Nasdaq Options Market LLC (‘‘NOM’’) proposed rule change operative upon communications relating to the data feed offerings currently located at filing.11 proposed rule change between the Chapter VI, Section 1(a)(3) to Chapter At any time within 60 days of the Commission and any person, other than VI, Section 19(a) which is currently filing of the proposed rule change, the those that may be withheld from the reserved, and entitle it ‘‘Data Feeds.’’ Commission summarily may public in accordance with the The text of the proposed rule change temporarily suspend such rule change if provisions of 5 U.S.C. 552, will be is available on the Exchange’s website at it appears to the Commission that such available for website viewing and http://nasdaq.cchwallstreet.com, at the action is necessary or appropriate in the printing in the Commission’s Public principal office of the Exchange, and at public interest, for the protection of Reference Room, 100 F Street NE, the Commission’s Public Reference investors, or otherwise in furtherance of Washington, DC 20549 on official Room. the purposes of the Act. If the business days between the hours of II. Self-Regulatory Organization’s Commission takes such action, the 10:00 a.m. and 3:00 p.m. Copies of the Statement of the Purpose of, and filing also will be available for Statutory Basis for, the Proposed Rule 8 15 U.S.C. 78s(b)(3)(A)(iii). inspection and copying at the principal Change 9 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– office of the Exchange. All comments 4(f)(6) requires a self-regulatory organization to give In its filing with the Commission, the received will be posted without change. the Commission written notice of its intent to file Exchange included statements the proposed rule change, along with a brief Persons submitting comments are concerning the purpose of and basis for description and text of the proposed rule change, cautioned that we do not redact or edit at least five business days prior to the date of filing the proposed rule change and discussed personal identifying information from of the proposed rule change, or such shorter time any comments it received on the amozie on DSK30RV082PROD with NOTICES comment submissions. You should as designated by the Commission. The Exchange proposed rule change. The text of these has satisfied this requirement. submit only information that you wish statements may be examined at the 10 17 CFR 240.19b–4(f)(6)(iii). to make available publicly. All places specified in Item IV below. The 11 For purposes only of waiving the 30-day submissions should refer to File operative delay, the Commission also has Number SR–BX–2018–009, and should 12 17 CFR 200.30–3(a)(12). considered the proposed rule’s impact on efficiency, competition, and capital formation. See be submitted on or before March 30, 1 15 U.S.C. 78s(b)(1). 15 U.S.C. 78c(f). 2018. 2 17 CFR 240.19b–4. VerDate Sep<11>2014 16:47 Mar 08, 2018 Jkt 244001 PO 00000 Frm 00106 Fmt 4703 Sfmt 4703 E:\FR\FM\09MRN1.SGM 09MRN1


Document Created: 2018-03-09 03:47:55
Document Modified: 2018-03-09 03:47:55
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 Citation83 FR 10527 
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