83 FR 16140 - Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Modify Rule 21.9 of the Exchange's Rules and Related Functionality Applicable to the Routing Options Made Available by the Exchange's Equity Options Platform
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 72 (April 13, 2018)
Federal Register Volume 83, Issue 72 (April 13, 2018)
| Page Range | 16140-16142 | |
| FR Document | 2018-07676 |
[Federal Register Volume 83, Number 72 (Friday, April 13, 2018)] [Notices] [Pages 16140-16142] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-07676] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-83021; File No. SR-CboeBZX-2018-026] Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Modify Rule 21.9 of the Exchange's Rules and Related Functionality Applicable to the Routing Options Made Available by the Exchange's Equity Options Platform April 9, 2018. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that on April 2, 2018, Cboe BZX Exchange, Inc. (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 Exchange. The Exchange has designated this proposal as a ``non-controversial'' proposed rule change pursuant to Section 19(b)(3)(A) of the Act \3\ and Rule 19b-4(f)(6)(iii) thereunder,\4\ which renders it effective upon filing with the Commission. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. \3\ 15 U.S.C. 78s(b)(3)(A). \4\ 17 CFR 240.19b-4(f)(6)(iii). --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange filed a proposal to modify Rule 21.9 of the Exchange's rules and related functionality applicable to the routing options made available by the Exchange's equity options platform (``BZX Options''). The text of the proposed rule change is available at the Exchange's website at www.markets.cboe.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 parts 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 modify Rule 21.9 to modify the description of two existing routing strategies (without modifying such strategies) and to adopt a new routing strategy. Exchange Rule 21.9 describes various options to route orders away from BZX Options to other options exchanges. Rule 21.9(a)(2)(A) describes Parallel D routing as a routing option under which an order checks the System \5\ for available contracts and then is sent to destinations on the System routing table. Parallel 2D is described in Rule 21.9(a)(2)(B) in the same way. To distinguish the two options, however, Parallel D routing is described as a routing option that may route to multiple destinations at a single price level simultaneously whereas Parallel 2D routing is described as a routing option that may route to multiple destinations and at multiple price levels simultaneously. The Exchange proposes to retain this functionality but to change the refer to the routing strategy equivalent to both Parallel D and Parallel 2D as the ROUT routing option and then to specify that a User \6\ may select either Route To Improve (``RTI'') or Route To Fill (``RTF'') for the ROUT routing option, thus capturing the distinction between the two strategies. In other words, the RTI routing option would continue to function as the Parallel D routing option is described (i.e., routing at a single price level) and the RTF would continue to function as the Parallel 2D routing option is described (i.e. routing at multiple price levels). The proposed description is substantively identical to and based on the description employed for the Exchange's cash equities trading platform (``BZX Equities'').\7\ The Exchange does not propose any other changes to these routing options. --------------------------------------------------------------------------- \5\ The ``System'' is the automated trading system used by BZX Options for the trading of options contracts. See Rule 16.1(a)(59). \6\ The term ``User'' means any Options Member or Sponsored Participant who is authorized to obtain access to the Exchange's System pursuant to Rule 11.3. See Rule 16.1(a)(63). \7\ See BZX Rule 11.13(b)(3)(G). --------------------------------------------------------------------------- The Exchange also proposes to adopt the SWPA routing option based on a similar routing option offered with respect to BZX Equities. Specifically, as proposed, SWPA would be a routing option under which an order checks the [[Page 16141]] System for available contracts and then is sent to only Protected Quotations \8\ and only for displayed size. Further, to the extent that any portion of the routed order is unexecuted, the remainder is posted to the BZX Options Book at the order's limit price, unless otherwise instructed by the User. This proposed routing strategy is based on and similar to BZX Rule 11.13(b)(3)(I), which describes the SWPA routing strategy for BZX Equities. However, the Exchange has proposed language describing SWPA on BZX Options instead on rule text of its affiliate, Cboe EDGX Exchange, Inc. (``EDGX''), which also offers the SWPA routing strategy for its cash equities trading platform (``EDGX Equities'').\9\ The proposed rule text for BZX Options' version of SWPA is specifically based on EDGX Rule 11.11(g)(9), and is identical except for references to ``contracts'' instead of ``shares'' and reference to the ``BZX Options Book'' instead of the ``EDGX Book.'' The Exchange also has not proposed to adopt the final sentence of the routing strategy as defined for EDGX Equities because that sentence is only necessary to differentiate the SWPA routing strategy from the SWPB routing strategy and the Exchange is not proposing to adopt SWPB routing for BZX Options. --------------------------------------------------------------------------- \8\ The term Protected Quotation is defined in BZX Rule 27.1(a)(19) and has the same meaning as is set forth in Regulation NMS Rule 600(b)(58). \9\ Although BZX Equities also offers the SWPA routing strategy, its description is formatted differently than the EDGX Equities version. In turn, because EDGX is simultaneously proposing to adopt a SWPA routing strategy for its options trading platform (``EDGX Options'') based on the EDGX Equities description, the Exchange believes it is preferable to retain consistency between BZX Options and EDGX Options. Accordingly, the Exchange has proposed to follow the structure of the EDGX Equities description rather than the BZX Equities description. --------------------------------------------------------------------------- 2. Statutory Basis The Exchange believes that its proposal is consistent with Section 6(b) of the Act \10\ in general, and furthers the objectives of Section 6(b)(5) of the Act \11\ 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 change to the references to the Parallel D and Parallel 2D routing options are intended to align the Exchange's routing strategies between BZX Equities and BZX Options. As noted above, there is no substantive change to the operation of the strategies. --------------------------------------------------------------------------- \10\ 15 U.S.C. 78f(b). \11\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- The proposed rule change also is designed to support the principles of Section 11A(a)(1) \12\ of the Act in that it seeks to assure fair competition among brokers and dealers and among exchange markets. In particular, the proposed change to introduce an additional routing strategy will provide market participants with greater flexibility in routing orders consistent with the options market Options Order Protection and Locked/Crossed Market Plan without developing order routing strategies on their own. The Exchange again notes that the proposed routing strategy is based on and substantively identical to a routing option offered by BZX Equities.\13\ --------------------------------------------------------------------------- \12\ 15 U.S.C. 78k-1(a)(1). \13\ See EDGX Rule 11.11(g)(9). --------------------------------------------------------------------------- (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 that is not necessary or appropriate in furtherance of the purposes of the Act. The Exchange notes that the proposal will further promote consistency between the Exchange's trading platforms for BZX Equities and BZX Options. The Exchange does not believe that the proposed changes will have any impact on inter- market competition as the proposed SWPA routing strategy will be available to all Users. The Exchange does not believe that the proposed SWPA routing strategy will impose any burden on intra-market competition that is not necessary or appropriate in furtherance of the purposes of the Act. The Exchange provides routing services in a highly competitive market in which participants may avail themselves of a wide variety of routing options offered by self-regulatory organizations, other broker-dealers, market participants' own proprietary routing systems, and service bureaus. In such an environment, system enhancements such as the changes proposed in this rule filing do not burden competition, because they can succeed in attracting order flow to the Exchange only if they offer investors higher quality and better value than services offered by others. (C) Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants or Others The Exchange has not solicited, and does not intend to solicit, comments on this proposed rule change. The Exchange has not received any written comments from members or other interested parties. 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)\14\ of the Act and Rule 19b- 4(f)(6) thereunder.\15\ --------------------------------------------------------------------------- \14\ 15 U.S.C. 78s(b)(3)(A). \15\ 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 the 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. --------------------------------------------------------------------------- A proposed rule change filed pursuant to Rule 19b-4(f)(6) under the Act \16\ normally does not become operative for 30 days after the date of its filing. However, Rule 19b-4(f)(6)(iii) \17\ 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 asked the Commission to waive the 30-day operative delay so that the proposal may become operative immediately upon filing. The Exchange states that waiver of the 30-day operative delay would allow Exchange Users to more quickly benefit from this proposed rule change and would be consistent with routing options that are already available on BZX Equities. Based on the foregoing, the Commission believes the waiver of the operative delay is consistent with the protection of investors and the public interest. Therefore, the Commission hereby waives the operative delay and designates the proposal operative upon filing.\18\ --------------------------------------------------------------------------- \16\ 17 CFR 240.19b-4(f)(6). \17\ 17 CFR 240.19b-4(f)(6)(iii). \18\ For purposes only of waiving the 30-day operative delay, the Commission has also 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: (i) Necessary or appropriate in the public interest; (ii) for the protection of investors; or (iii) otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission shall institute proceedings [[Page 16142]] 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 proposal is consistent with the Act. Comments may be submitted by any of the following methods: Electronic CommentsUse the Commission's internet comment form (http://www.sec.gov/rules/sro.shtml); or Send an email to [email protected]. Please include File No. SR-CboeBZX-2018-026 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 No. SR-CboeBZX-2018-026. 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 such filing will also 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 No. SR-CboeBZX-2018-026 and should be submitted on or before May 4, 2018. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\19\ --------------------------------------------------------------------------- \19\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018-07676 Filed 4-12-18; 8:45 am] BILLING CODE 8011-01-P
![16140 Federal Register / Vol. 83, No. 72 / Friday, April 13, 2018 / Notices
including whether the proposed rule SECURITIES AND EXCHANGE forth in Sections A, B, and C below, of
change is consistent with the Act. COMMISSION the most significant parts of such
Comments may be submitted by any of statements.
[Release No. 34–83021; File No. SR–
the following methods: CboeBZX–2018–026] (A) Self-Regulatory Organization’s
Electronic Comments Statement of the Purpose of, and
Self-Regulatory Organizations; Cboe Statutory Basis for, the Proposed Rule
• Use the Commission’s internet BZX Exchange, Inc.; Notice of Filing
comment form (http://www.sec.gov/ Change
and Immediate Effectiveness of a
rules/sro.shtml); or Proposed Rule Change to Modify Rule 1. Purpose
• Send an email to rule-comments@
21.9 of the Exchange’s Rules and The Exchange proposes to modify
sec.gov. Please include File Number SR– Rule 21.9 to modify the description of
Related Functionality Applicable to the
CboeBZX–2018–023 on the subject line. two existing routing strategies (without
Routing Options Made Available by the
Paper Comments Exchange’s Equity Options Platform modifying such strategies) and to adopt
• Send paper comments in triplicate a new routing strategy. Exchange Rule
April 9, 2018. 21.9 describes various options to route
to Secretary, Securities and Exchange Pursuant to Section 19(b)(1) of the
Commission, 100 F Street NE, orders away from BZX Options to other
Securities Exchange Act of 1934 (the options exchanges. Rule 21.9(a)(2)(A)
Washington, DC 20549–1090. ‘‘Act’’),1 and Rule 19b–4 thereunder,2 describes Parallel D routing as a routing
All submissions should refer to File notice is hereby given that on April 2, option under which an order checks the
Number SR–CboeBZX–2018–023. This 2018, Cboe BZX Exchange, Inc. (the System 5 for available contracts and then
file number should be included on the ‘‘Exchange’’) filed with the Securities is sent to destinations on the System
subject line if email is used. To help the and Exchange Commission routing table. Parallel 2D is described in
Commission process and review your (‘‘Commission’’) the proposed rule Rule 21.9(a)(2)(B) in the same way. To
comments more efficiently, please use change as described in Items I and II distinguish the two options, however,
only one method. The Commission will below, which Items have been prepared Parallel D routing is described as a
post all comments on the Commission’s by the Exchange. The Exchange has routing option that may route to
internet website (http://www.sec.gov/ designated this proposal as a ‘‘non- multiple destinations at a single price
rules/sro.shtml). Copies of the controversial’’ proposed rule change level simultaneously whereas Parallel
submission, all subsequent pursuant to Section 19(b)(3)(A) of the 2D routing is described as a routing
amendments, all written statements Act 3 and Rule 19b–4(f)(6)(iii) option that may route to multiple
with respect to the proposed rule thereunder,4 which renders it effective destinations and at multiple price levels
change that are filed with the upon filing with the Commission. The simultaneously. The Exchange proposes
Commission, and all written Commission is publishing this notice to to retain this functionality but to change
communications relating to the solicit comments on the proposed rule the refer to the routing strategy
proposed rule change between the change from interested persons. equivalent to both Parallel D and
Commission and any person, other than Parallel 2D as the ROUT routing option
those that may be withheld from the I. Self-Regulatory Organization’s
Statement of the Terms of Substance of and then to specify that a User 6 may
public in accordance with the select either Route To Improve (‘‘RTI’’)
provisions of 5 U.S.C. 552, will be the Proposed Rule Change
or Route To Fill (‘‘RTF’’) for the ROUT
available for website viewing and The Exchange filed a proposal to routing option, thus capturing the
printing in the Commission’s Public modify Rule 21.9 of the Exchange’s distinction between the two strategies.
Reference Room, 100 F Street NE, rules and related functionality In other words, the RTI routing option
Washington, DC 20549, on official applicable to the routing options made would continue to function as the
business days between the hours of available by the Exchange’s equity Parallel D routing option is described
10:00 a.m. and 3:00 p.m. Copies of the options platform (‘‘BZX Options’’). (i.e., routing at a single price level) and
filing also will be available for The text of the proposed rule change the RTF would continue to function as
inspection and copying at the principal is available at the Exchange’s website at the Parallel 2D routing option is
office of the Exchange. All comments www.markets.cboe.com, at the principal described (i.e. routing at multiple price
received will be posted without change. office of the Exchange, and at the levels). The proposed description is
Persons submitting comments are Commission’s Public Reference Room. substantively identical to and based on
cautioned that we do not redact or edit II. Self-Regulatory Organization’s the description employed for the
personal identifying information from Statement of the Purpose of, and Exchange’s cash equities trading
comment submissions. You should Statutory Basis for, the Proposed Rule platform (‘‘BZX Equities’’).7 The
submit only information that you wish Change Exchange does not propose any other
to make available publicly. All changes to these routing options.
submissions should refer to File In its filing with the Commission, the The Exchange also proposes to adopt
Number SR–CboeBZX–2018–023 and Exchange included statements the SWPA routing option based on a
should be submitted on or before May concerning the purpose of and basis for similar routing option offered with
4, 2018. the proposed rule change and discussed respect to BZX Equities. Specifically, as
any comments it received on the proposed, SWPA would be a routing
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
proposed rule change. The text of these option under which an order checks the
statements may be examined at the
daltland on DSKBBV9HB2PROD with NOTICES
authority.18
Eduardo A. Aleman,
places specified in Item IV below. The 5 The ‘‘System’’ is the automated trading system
Exchange has prepared summaries, set used by BZX Options for the trading of options
Assistant Secretary. contracts. See Rule 16.1(a)(59).
6 The term ‘‘User’’ means any Options Member or
[FR Doc. 2018–07674 Filed 4–12–18; 8:45 am] 1 15 U.S.C. 78s(b)(1). Sponsored Participant who is authorized to obtain
BILLING CODE 8011–01–P 2 17 CFR 240.19b–4. access to the Exchange’s System pursuant to Rule
3 15 U.S.C. 78s(b)(3)(A). 11.3. See Rule 16.1(a)(63).
18 17 CFR 200.30–3(a)(12). 4 17 CFR 240.19b–4(f)(6)(iii). 7 See BZX Rule 11.13(b)(3)(G).
VerDate Sep<11>2014 17:41 Apr 12, 2018 Jkt 244001 PO 00000 Frm 00097 Fmt 4703 Sfmt 4703 E:\FR\FM\13APN1.SGM 13APN1](https://thefederalregister.org/doc/83_FR_16212/page/1.svg)
![16142 Federal Register / Vol. 83, No. 72 / Friday, April 13, 2018 / Notices
to determine whether the proposed rule For the Commission, by the Division of considered in arriving at such a
should be approved or disapproved. Trading and Markets, pursuant to delegated determination, and the fact that a
authority.19 particular security may meet the
IV. Solicitation of Comments Eduardo A. Aleman, standards established by the Exchange
Assistant Secretary. does not necessarily mean that it will be
Interested persons are invited to
submit written data, views and [FR Doc. 2018–07676 Filed 4–12–18; 8:45 am] selected as an underlying security. The
arguments concerning the foregoing, BILLING CODE 8011–01–P Exchange may give consideration to
including whether the proposal is maintaining diversity among various
consistent with the Act. Comments may industries and issuers in selecting
SECURITIES AND EXCHANGE underlying securities. Notwithstanding
be submitted by any of the following
COMMISSION the foregoing, an underlying security
methods:
[Release No. 34–83020; File No. SR– will not be selected unless:
Electronic Comments CboeEDGX–2018–011] (1)–(4) (No change).
(5) Either:
• Use the Commission’s internet Self-Regulatory Organizations; Cboe (A) if the underlying security is a
comment form (http://www.sec.gov/ EDGX Exchange, Inc.; Notice of Filing ‘‘covered security’’ as defined under
rules/sro.shtml); or and Immediate Effectiveness of a Section 18(b)(1)(A) of the Securities Act
• Send an email to rule-comments@ Proposed Rule Change To Amend Rule of 1933, the market price per share of
sec.gov. Please include File No. SR– 19.3, Criteria for Underlying Securities the underlying security has been at least
CboeBZX–2018–026 on the subject line. $3.00 for the previous [five]three
April 9, 2018. consecutive business days preceding the
Paper Comments Pursuant to Section 19(b)(1) of the date on which the Exchange submits a
Securities Exchange Act of 1934 (the certificate to the Clearing Corporation
• Send paper comments in triplicate ‘‘Act’’),1 and Rule 19b–4 thereunder,2 for listing and trading, as measured by
to Secretary, Securities and Exchange notice is hereby given that on March 29, the closing price reported in the primary
Commission, 100 F Street NE, 2018, Cboe EDGX Exchange, Inc. (the market in which the underlying security
Washington, DC 20549–1090. ‘‘Exchange’’ or ‘‘EDGX Options’’) filed is traded; or
All submissions should refer to File No. with the Securities and Exchange (B) (No change).
SR–CboeBZX–2018–026. This file Commission (‘‘Commission’’) the (c)–(m) (No change).
proposed rule change as described in * * * * *
number should be included on the
Items I and II below, which Items have The text of the proposed rule change
subject line if email is used. To help the
been prepared by the Exchange. The is available at the Exchange’s website at
Commission process and review your
Exchange has designated this proposal www.markets.cboe.com, at the principal
comments more efficiently, please use
as a ‘‘non-controversial’’ proposed rule office of the Exchange, and at the
only one method. The Commission will change pursuant to Section 19(b)(3)(A)
post all comments on the Commission’s Commission’s Public Reference Room.
of the Act 3 and Rule 19b–4(f)(6)(iii)
internet website (http://www.sec.gov/ thereunder,4 which renders it effective II. Self-Regulatory Organization’s
rules/sro.shtml). Copies of the upon filing with the Commission. The Statement of the Purpose of, and
submission, all subsequent Commission is publishing this notice to Statutory Basis for, the Proposed Rule
amendments, all written statements solicit comments on the proposed rule Change
with respect to the proposed rule change from interested persons. In its filing with the Commission, the
change that are filed with the Exchange included statements
Commission, and all written I. Self-Regulatory Organization’s
Statement of the Terms of Substance of concerning the purpose of and basis for
communications relating to the the proposed rule change and discussed
proposed rule change between the the Proposed Rule Change
any comments it received on the
Commission and any person, other than The Exchange filed a proposal to proposed rule change. The text of these
those that may be withheld from the amend Rule 19.3(b). statements may be examined at the
public in accordance with the (additions are italicized; deletions are places specified in Item IV below. The
provisions of 5 U.S.C. 552, will be [bracketed]) Exchange has prepared summaries, set
available for website viewing and * * * * * forth in Sections A, B, and C below, of
printing in the Commission’s Public the most significant parts of such
Reference Room, 100 F Street NE, Cboe EDGX Exchange, Inc. Rules
statements.
Washington, DC 20549, on official * * * * *
business days between the hours of (A) Self-Regulatory Organization’s
Rule 19.3. Criteria for Underlying Statement of the Purpose of, and
10:00 a.m. and 3:00 p.m. Copies of such
Securities Statutory Basis for, the Proposed Rule
filing will also be available for
inspection and copying at the principal (a) (No change). Change
office of the Exchange. All comments (b) In addition, the Exchange shall 1. Purpose
received will be posted without change. from time to time establish standards to
The Exchange proposes to amend
Persons submitting comments are be considered in evaluating potential
Rule 19.3, Criteria for Underlying
cautioned that we do not redact or edit underlying securities for EDGX Options
Securities, to modify the criteria for
options transactions. There are many
daltland on DSKBBV9HB2PROD with NOTICES
personal identifying information from listing options on an underlying
comment submissions. You should relevant factors which must be
security as defined in Section
submit only information that you wish 18(b)(1)(A) of the Securities Act of 1933
19 17 CFR 200.30–3(a)(12).
to make available publicly. All 1 15 (hereinafter ‘‘covered security’’ or
U.S.C. 78s(b)(1).
submissions should refer to File No. 2 17 CFR 240.19b–4. ‘‘covered securities’’). This is a
SR–CboeBZX–2018–026 and should be 3 15 U.S.C. 78s(b)(3)(A). competitive filing that is based on a
submitted on or before May 4, 2018. 4 17 CFR 240.19b–4(f)(6)(iii). proposal recently submitted by Nasdaq
VerDate Sep<11>2014 17:41 Apr 12, 2018 Jkt 244001 PO 00000 Frm 00099 Fmt 4703 Sfmt 4703 E:\FR\FM\13APN1.SGM 13APN1](https://thefederalregister.org/doc/83_FR_16212/page/3.svg)
Document Created: 2018-04-13 00:18:32
Document Modified: 2018-04-13 00:18:32
| 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 | 83 FR 16140 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR