83_FR_17527 83 FR 17451 - Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Codify Within Rule 718 the Data Feeds on ISE

83 FR 17451 - Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Codify Within Rule 718 the Data Feeds on ISE

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 76 (April 19, 2018)

Page Range17451-17454
FR Document2018-08158

Federal Register, Volume 83 Issue 76 (Thursday, April 19, 2018)
[Federal Register Volume 83, Number 76 (Thursday, April 19, 2018)]
[Notices]
[Pages 17451-17454]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-08158]


=======================================================================
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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-83051; File No. SR-ISE-2018-32]


Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing 
and Immediate Effectiveness of Proposed Rule Change To Codify Within 
Rule 718 the Data Feeds on ISE

April 13, 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 April 4, 2018, Nasdaq ISE, LLC (``ISE'' 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.
---------------------------------------------------------------------------

    \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 proposed rule change to codify within 
Rule 718, which rule is currently reserved, the data feeds that are 
currently offered on ISE.
    The text of the proposed rule change is available on the Exchange's 
website at http://ise.cchwallstreet.com/, at the principal office of 
the Exchange, and at the Commission's Public Reference Room.

[[Page 17452]]

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 purpose of the proposed rule change is to codify within Rule 
718, which rule is currently reserved, the data feeds that are 
currently offered on ISE and previously described in prior rule changes 
as described in more detail below. The Exchange proposes to rename Rule 
718 ``Data Feeds'' and list the various data feed offerings within that 
rule.
    The Exchange has previously filed a rule change which describes the 
various data offerings.\3\ The data offerings contained in that rule 
change included: Nasdaq ISE Real-time Depth of Market Raw Data Feed 
(``Depth of Market Feed''), the Nasdaq ISE Order Feed (``Order Feed''), 
the Nasdaq ISE Top Quote Feed (``Top Quote Feed''), the Nasdaq ISE 
Trades Feed (``Trades Feed''), and the Nasdaq ISE Spread Feed (``Spread 
Feed''). Each of the data offerings are described in more detail below.
---------------------------------------------------------------------------

    \3\ See Securities Exchange Act Release No. 81095 (July 7, 
2017), 82 FR 32409 (July 13, 2017) (SR-ISE-2017-62) (Notice of 
Filing and Immediate Effectiveness of Proposed Rule Change To 
Establish Ports and Gateways That Members Use To Connect to the 
Exchange)(``Prior Filing'').
---------------------------------------------------------------------------

Universal Changes
    The Exchange notes it proposes various universal amendments to its 
data feeds for consistency and clarity. References to ``instrument'' 
will be replaced by the more specific language ``options series.'' 
Where the Exchange previously referred to ``trading status'' those 
words will be replaced with language which specifically explains the 
information for status, which is, ``whether the option series is 
available for trading on ISE and identifies if the series is available 
for closing transactions only.'' The word ``customer'' will be replaced 
with the defined term ``Priority Customer.'' \4\ References to the word 
``cumulative,'' when referring to volume, will be replaced with more 
specific language namely, ``daily trading,'' to refer to the volume. 
These aforementioned amendments are made, where applicable, within the 
data feeds described below in more detail. Finally, the Exchange is 
adding language in Rule 718(a) to make clear that the data feeds 
pertain to ISE trading information.
---------------------------------------------------------------------------

    \4\ The term ``Priority Customer'' means a person or entity that 
(i) is not a broker or dealer in securities, and (ii) does not place 
more than 390 orders in listed options per day on average during a 
calendar month for its own beneficial account(s). See ISE Rule 
100(a)(41A).
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Depth of Market Feed
    In a Prior Filing the Exchange described the Depth Feed as 
providing aggregate quotes and orders at the top five price levels on 
the Exchange, and provides subscribers with a consolidated view of 
tradable prices beyond the BBO, showing additional liquidity and 
enhancing transparency for ISE traded options. The data provided for 
each instrument includes the symbols (series and underlying security), 
put or call indicator, expiration date, the strike price of the series, 
and trading status. In addition, subscribers are provided with total 
quantity, customer quantity, price, and side (i.e., bid/ask). This 
information is provided for each of the five indicated price levels on 
the Depth Feed. The feed also provides participants of imbalances on 
opening/reopening.
    In codifying the feed description, the Exchange proposes a few 
amendments to the description in the Prior Filing in addition to the 
universal changes mentioned above. For the Depth of Market Feed, the 
Exchange is removing the words ``''Real-time'' and ``Raw'' because all 
the feeds are real-time and contain raw data. Removing these words 
conforms the language of all the feeds. The Exchange proposes to 
replace ``Exchange'' with ``ISE'' for clarity. Also, the Exchange is 
expanding the description of total quantity to ``total aggregate 
quantity'' including Public Customer \5\ aggregate quantity and 
Priority Customer aggregate quantity. The Exchange is amending a 
description of the imbalances on opening/reopening to note the 
imbalances are order and not participant imbalances. Finally a 
typographical error is being amended in the last sentence of this data 
feed to remove an extraneous ``of'' in the sentence.
---------------------------------------------------------------------------

    \5\ The term ``Public Customer'' means a person or entity that 
is not a broker or dealer in securities. See Rule 100(a)(42).
---------------------------------------------------------------------------

Order Feed
    In a Prior Filing the Exchange described the Order Feed as 
providing information on new orders resting on the book. In addition, 
the feed also announces auctions. The data provided for each instrument 
includes the symbols (series and underlying security), put or call 
indicator, expiration date, the strike price of the series, and trading 
status. The feed also provides participants of imbalances on opening/
reopening.
    In codifying the feed description, the Exchange proposes a few 
amendments to the description in the Prior Filing in addition to the 
universal changes mentioned above. The Exchange is amending the order 
feed to include the word ``all'' before auctions to make clear all 
auction information is included. The Exchange is adding examples of the 
information provided on new orders resting on the book, e.g. price, 
quantity and market participant capacity. The words ``market 
participant'' are intended to make clear which capacity is referred to 
for the information. The Exchange is amending a description of the 
imbalances on opening/reopening to note the imbalances are order and 
not participant imbalances. Also, a typographical error is being 
amended in the last sentence of this data feed to remove an extraneous 
``of'' in the sentence.
Top Quote Feed
    In a Prior Filing the Exchange described the Top Quote Feed as one 
that calculates and disseminates its best bid and offer position, with 
aggregated size (Total & Customer), based on displayable order and 
quote interest in the options market system. The feed also provides 
last trade information along with opening price, cumulative volume, 
high and low prices for the day. The data provided for each instrument 
includes the symbols (series and underlying security), put or call 
indicator, expiration date, the strike price of the series, and trading 
status.
    In codifying the feed description, the Exchange proposes a few 
amendments to the description in the Prior Filing in addition to the 
universal changes mentioned above. The Exchange proposes to amend the 
Top Quote Feed to make clear that aggregated size included total size, 
Public Customer size in the aggregate and also Priority Customer size 
in the aggregate. The Exchange is replacing the term ``options market 
system'' with the defined term

[[Page 17453]]

``System.'' \6\ The Exchange also proposes to add a sentence, similar 
to the Depth of Market Feed and Order Feed which provides ``The feed 
also provides order imbalances on opening/reopening.'' This sentence 
should have been included with this feed as well. The universal changes 
described above apply as well.
---------------------------------------------------------------------------

    \6\ See Rule 100(a)(53).
---------------------------------------------------------------------------

Trades Feed
    In a Prior Filing the Exchange described the Trades Feed as 
displaying last trade information along with opening price, cumulative 
volume, high and low prices for the day. The data provided for each 
instrument includes the symbols (series and underlying security), put 
or call indicator, expiration date, the strike price of the series, and 
trading status.
    The Exchange is only amending the description of the Trades Feed as 
described in the universal changes.
Spread Feed
    In a Prior Filing the Exchange described the Spread Feed as a real-
time feed that consists of options quotes and orders for all Complex 
Orders (i.e., spreads, buy-writes, delta neutral strategies, etc.) 
aggregated at the top price level on both the bid and offer side of the 
market as well as all aggregated quotes and orders for complex orders 
at the top five price levels on both the bid and offer side of the 
market. In addition, the Spread Feed provides real-time updates every 
time a new complex limit order that is not immediately executable at 
the BBO is placed on the ISE complex order book. The Spread Feed shows 
aggregate bid/ask quote size for Customer and Professional Customer 
option orders for ISE traded options.
    In codifying the Trades Feed description, the Exchange proposes a 
few amendments to the description in the Prior Filing in addition to 
the universal changes mentioned above. The Exchange is also removing a 
reference to ``real-time'' as not necessary. The Exchange is also 
capitalizing the term ``Complex Order,'' which is a defined term.\7\ 
The Exchange is also amending the sentence which currently provides, 
``Nasdaq ISE Spread is a real-time feed that consists of options quotes 
and orders for all Complex Orders (i.e., spreads, buy-writes, delta 
neutral strategies, etc.) aggregated at the top price level on both the 
bid and offer side of the market as well as all aggregated quotes and 
orders for complex orders at the top five price levels on both the bid 
and offer side of the market.'' The Exchange proposes to provide, 
``Nasdaq ISE Spread Feed (``Spread Feed'') is a feed that consists of 
options quotes and orders for all Complex Orders (i.e., spreads, buy-
writes, delta neutral strategies, etc.) aggregated at the top five 
price levels (BBO) on both the bid and offer side of the market as well 
as last trades information.'' The Exchange believes that the proposed 
sentence is clear with respect to the fact that the data takes into 
account the top five price levels or ``BBO.'' The Exchange is adding 
``last trades information'' to make clear that the execution 
information is contained in this data feed as well. Finally, the 
Exchange is making clear that the Spread Feed shows bid/ask quote size 
for Public Customer and Priority Customer option orders for ISE traded 
options. The universal changes described above apply as well.
---------------------------------------------------------------------------

    \7\ A complex order is any order involving the simultaneous 
purchase and/or sale of two or more different options series in the 
same underlying security, for the same account, in a ratio that is 
equal to or greater than one-to-three (.333) and less than or equal 
to three-to-one (3.00) and for the purpose of executing a particular 
investment strategy. See ISE Rule 722(a)(1).
---------------------------------------------------------------------------

    The Exchange notes that market participants are charged for 
subscriptions to these products.\8\ The Exchange believes that 
codifying these data feeds within the Exchange's Rulebook will bring 
greater transparency to its Rules as well as the data which is 
available on the Exchange. The amendments are also intended to provide 
greater clarity and transparency concerning the data offerings.
---------------------------------------------------------------------------

    \8\ See Schedule of Fees, Section VIII, Market Data.
---------------------------------------------------------------------------

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''),\9\ in general, and furthers the objectives of Section 6(b)(5) 
of the Act,\10\ 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 
codifying the various data feed offerings, which have already been 
filed for in another rule change,\11\ will bring greater transparency 
to the Exchange's Rules. Also, the content of each data feed is 
described within the Rule for ease of reference. The Exchange believes 
that the proposed rule change is consistent with the protection of 
investors and the public interest as it provides information relating 
to the data available on the Exchange for the benefit of its Members 
within its Rules and adds greater transparency to these offerings. 
Finally, the amendments seeks to add greater clarity to the data 
offerings and conform the text of the offerings.
---------------------------------------------------------------------------

    \9\ 15 U.S.C. 78f(b).
    \10\ 15 U.S.C. 78f(b)(5).
    \11\ See note 3 above.
---------------------------------------------------------------------------

B. Self-Regulatory Organization's Statement on Burden on Competition

    In accordance with Section 6(b)(8) of the Act,\12\ 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 data feed 
offerings are available to any market participant. The Exchange's 
proposal seeks to codify the data offerings in a rule for ease of 
reference and transparency within the Rulebook. The amendments seeks to 
add greater clarity to the data offerings and conform the text of the 
offerings.
---------------------------------------------------------------------------

    \12\ 15 U.S.C. 78f(b)(8).
---------------------------------------------------------------------------

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

    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 \13\ and 
subparagraph (f)(6) of Rule 19b-4 thereunder.\14\
---------------------------------------------------------------------------

    \13\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \14\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii) 
requires the Exchange to give the Commission written notice of the 
Exchange's 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.
---------------------------------------------------------------------------

    A proposed rule change filed under Rule 19b-4(f)(6) \15\ normally 
does not become operative prior to 30 days after the date of the 
filing. However, Rule 19b-4(f)(6)(iii) \16\ permits the Commission to 
designate a shorter time if such action is consistent with the 
protection of investors and the public

[[Page 17454]]

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 waiving the operative delay will 
allow it to immediately reflect the Exchange's data feed offerings 
within its Rules and bring greater transparency to these data feed 
offerings. The Commission believes that waiver of the 30-day operative 
delay is consistent with the protection of investors and the public 
interest. Therefore, the Commission hereby waives the operative delay 
and designates the proposed rule change as operative upon filing.\17\
---------------------------------------------------------------------------

    \15\ 17 CFR 240.19b-4(f)(6).
    \16\ 17 CFR 240.19b-4(f)(6)(iii).
    \17\ 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 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 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-ISE-2018-32 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-ISE-2018-32. 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-ISE-2018-32 and should be submitted on 
or before May 10, 2018.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\18\
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    \18\ 17 CFR 200.30-3(a)(12).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-08158 Filed 4-18-18; 8:45 am]
 BILLING CODE 8011-01-P



                                                                             Federal Register / Vol. 83, No. 76 / Thursday, April 19, 2018 / Notices                                                 17451

                                               NUREG–1556 volumes listed in this                       comments electronically should contact                II. Docketed Proceeding(s)
                                               Federal Register notice were issued as                  the person identified in the FOR FURTHER
                                                                                                                                                               1. Docket No(s).: CP2018–204; Filing
                                               final reports.                                          INFORMATION CONTACT section by
                                                                                                                                                             Title: Notice of United States Postal
                                                                                                       telephone for advice on filing
                                               II. Additional Information                                                                                    Service of Filing a Functionally
                                                                                                       alternatives.
                                                  The NRC published notices of the                                                                           Equivalent Global Expedited Package
                                               availability of the draft report for                    FOR FURTHER INFORMATION CONTACT:                      Services 7 Negotiated Service
                                               comment versions of NUREG–1556,                         David A. Trissell, General Counsel, at                Agreement and Application for Non-
                                               Volume 6, Revision 1 in the Federal                     202–789–6820.                                         Public Treatment of Materials Filed
                                               Register on August 30, 2013 (78 FR                                                                            Under Seal; Filing Acceptance Date:
                                                                                                       SUPPLEMENTARY INFORMATION:
                                               53791) and Volume 7, Revision 1 in the                                                                        April 12, 2018; Filing Authority: 39 CFR
                                               Federal Register on January 27, 2014                    Table of Contents                                     3015.50; Public Representative:
                                               (79 FR 4361). Both of these volumes                                                                           Christopher C. Mohr; Comments Due:
                                                                                                       I. Introduction                                       April 20, 2018.
                                               were published for a 30-day public
                                                                                                       II. Docketed Proceeding(s)                              This Notice will be published in the
                                               comment period. The public comment
                                               period closed for Volume 6 on                           I. Introduction                                       Federal Register.
                                               September 30, 2013 and for Volume 7                                                                           Ruth Ann Abrams,
                                               on February 26, 2014. Public comments                      The Commission gives notice that the
                                                                                                       Postal Service filed request(s) for the               Acting Secretary.
                                               and the NRC staff responses to the
                                               public comments for NUREG–1556,                         Commission to consider matters related                [FR Doc. 2018–08148 Filed 4–18–18; 8:45 am]

                                               Volume 6, Revision 1 are available                      to negotiated service agreement(s). The               BILLING CODE 7710–FW–P

                                               under ADAMS Accession No.                               request(s) may propose the addition or
                                               ML16103A250. Public comments and                        removal of a negotiated service
                                               the NRC staff responses to the public                   agreement from the market dominant or
                                                                                                       the competitive product list, or the                  SECURITIES AND EXCHANGE
                                               comments for NUREG–1556, Volume 7,
                                                                                                       modification of an existing product                   COMMISSION
                                               Revision 1 are available under ADAMS
                                               Accession No. ML16308A182.                              currently appearing on the market
                                                                                                       dominant or the competitive product                   [Release No. 34–83051; File No. SR–ISE–
                                               III. Congressional Review Act                           list.                                                 2018–32]
                                                  These NUREG volumes are rules as                        Section II identifies the docket
                                               defined in the Congressional Review                     number(s) associated with each Postal                 Self-Regulatory Organizations; Nasdaq
                                               Act (5 U.S.C. 801–808). However, the                    Service request, the title of each Postal             ISE, LLC; Notice of Filing and
                                               Office of Management and Budget has                     Service request, the request’s acceptance             Immediate Effectiveness of Proposed
                                               not found these NUREG revisions to be                   date, and the authority cited by the                  Rule Change To Codify Within Rule
                                               major rules as defined in the                           Postal Service for each request. For each             718 the Data Feeds on ISE
                                               Congressional Review Act.                               request, the Commission appoints an                   April 13, 2018.
                                                  Dated at Rockville, Maryland, this 13th day          officer of the Commission to represent                   Pursuant to Section 19(b)(1) of the
                                               of April, 2018.                                         the interests of the general public in the            Securities Exchange Act of 1934
                                                  For the Nuclear Regulatory Commission.               proceeding, pursuant to 39 U.S.C. 505                 (‘‘Act’’),1 and Rule 19b–4 thereunder,2
                                               Kevin Williams,                                         (Public Representative). Section II also              notice is hereby given that on April 4,
                                               Acting Director, Division of Materials Safety,
                                                                                                       establishes comment deadline(s)                       2018, Nasdaq ISE, LLC (‘‘ISE’’ or
                                               Security, State and Tribal Programs, Office             pertaining to each request.                           ‘‘Exchange’’) filed with the Securities
                                               of Nuclear Material Safety and Safeguards.                 The public portions of the Postal                  and Exchange Commission
                                               [FR Doc. 2018–08190 Filed 4–18–18; 8:45 am]             Service’s request(s) can be accessed via              (‘‘Commission’’) the proposed rule
                                               BILLING CODE 7590–01–P                                  the Commission’s website (http://                     change as described in Items I and II
                                                                                                       www.prc.gov). Non-public portions of                  below, which Items have been prepared
                                                                                                       the Postal Service’s request(s), if any,              by the Exchange. The Commission is
                                               POSTAL REGULATORY COMMISSION                            can be accessed through compliance                    publishing this notice to solicit
                                                                                                       with the requirements of 39 CFR                       comments on the proposed rule change
                                               [Docket No. CP2018–204]                                 3007.40.                                              from interested persons.
                                               New Postal Product                                         The Commission invites comments on                 I. Self-Regulatory Organization’s
                                                                                                       whether the Postal Service’s request(s)               Statement of the Terms of Substance of
                                               AGENCY: Postal Regulatory Commission.                   in the captioned docket(s) are consistent             the Proposed Rule Change
                                               ACTION: Notice.                                         with the policies of title 39. For
                                                                                                       request(s) that the Postal Service states                The Exchange proposes to a proposed
                                               SUMMARY:   The Commission is noticing a                 concern market dominant product(s),                   rule change to codify within Rule 718,
                                               recent Postal Service filing for the                    applicable statutory and regulatory                   which rule is currently reserved, the
                                               Commission’s consideration concerning                   requirements include 39 U.S.C. 3622, 39               data feeds that are currently offered on
                                               negotiated service agreements. This                     U.S.C. 3642, 39 CFR part 3010, and 39                 ISE.
                                               notice informs the public of the filing,                CFR part 3020, subpart B. For request(s)                 The text of the proposed rule change
                                               invites public comment, and takes other                 that the Postal Service states concern                is available on the Exchange’s website at
daltland on DSKBBV9HB2PROD with NOTICES




                                               administrative steps.                                   competitive product(s), applicable                    http://ise.cchwallstreet.com/, at the
                                               DATES: Comments are due: April 20,                      statutory and regulatory requirements                 principal office of the Exchange, and at
                                               2018.                                                   include 39 U.S.C. 3632, 39 U.S.C. 3633,               the Commission’s Public Reference
                                               ADDRESSES: Submit comments                              39 U.S.C. 3642, 39 CFR part 3015, and                 Room.
                                               electronically via the Commission’s                     39 CFR part 3020, subpart B. Comment
                                               Filing Online system at http://                         deadline(s) for each request appear in                  1 15   U.S.C. 78s(b)(1).
                                               www.prc.gov. Those who cannot submit                    section II.                                             2 17   CFR 240.19b–4.



                                          VerDate Sep<11>2014   17:49 Apr 18, 2018   Jkt 244001   PO 00000   Frm 00093   Fmt 4703   Sfmt 4703   E:\FR\FM\19APN1.SGM    19APN1


                                               17452                         Federal Register / Vol. 83, No. 76 / Thursday, April 19, 2018 / Notices

                                               II. Self-Regulatory Organization’s                      ‘‘customer’’ will be replaced with the                     remove an extraneous ‘‘of’’ in the
                                               Statement of the Purpose of, and                        defined term ‘‘Priority Customer.’’ 4                      sentence.
                                               Statutory Basis for, the Proposed Rule                  References to the word ‘‘cumulative,’’
                                                                                                                                                                  Order Feed
                                               Change                                                  when referring to volume, will be
                                                  In its filing with the Commission, the               replaced with more specific language                          In a Prior Filing the Exchange
                                               Exchange included statements                            namely, ‘‘daily trading,’’ to refer to the                 described the Order Feed as providing
                                               concerning the purpose of and basis for                 volume. These aforementioned                               information on new orders resting on
                                               the proposed rule change and discussed                  amendments are made, where                                 the book. In addition, the feed also
                                               any comments it received on the                         applicable, within the data feeds                          announces auctions. The data provided
                                               proposed rule change. The text of these                 described below in more detail. Finally,                   for each instrument includes the
                                               statements may be examined at the                       the Exchange is adding language in Rule                    symbols (series and underlying
                                               places specified in Item IV below. The                  718(a) to make clear that the data feeds                   security), put or call indicator,
                                               Exchange has prepared summaries, set                    pertain to ISE trading information.                        expiration date, the strike price of the
                                               forth in sections A, B, and C below, of                                                                            series, and trading status. The feed also
                                                                                                       Depth of Market Feed                                       provides participants of imbalances on
                                               the most significant aspects of such
                                               statements.                                                In a Prior Filing the Exchange                          opening/reopening.
                                                                                                       described the Depth Feed as providing                         In codifying the feed description, the
                                               A. Self-Regulatory Organization’s                                                                                  Exchange proposes a few amendments
                                                                                                       aggregate quotes and orders at the top
                                               Statement of the Purpose of, and                                                                                   to the description in the Prior Filing in
                                                                                                       five price levels on the Exchange, and
                                               Statutory Basis for, the Proposed Rule                                                                             addition to the universal changes
                                                                                                       provides subscribers with a
                                               Change                                                                                                             mentioned above. The Exchange is
                                                                                                       consolidated view of tradable prices
                                               1. Purpose                                              beyond the BBO, showing additional                         amending the order feed to include the
                                                                                                       liquidity and enhancing transparency                       word ‘‘all’’ before auctions to make clear
                                                  The purpose of the proposed rule
                                                                                                       for ISE traded options. The data                           all auction information is included. The
                                               change is to codify within Rule 718,
                                                                                                       provided for each instrument includes                      Exchange is adding examples of the
                                               which rule is currently reserved, the
                                                                                                       the symbols (series and underlying                         information provided on new orders
                                               data feeds that are currently offered on
                                                                                                       security), put or call indicator,                          resting on the book, e.g. price, quantity
                                               ISE and previously described in prior
                                                                                                       expiration date, the strike price of the                   and market participant capacity. The
                                               rule changes as described in more detail
                                                                                                       series, and trading status. In addition,                   words ‘‘market participant’’ are
                                               below. The Exchange proposes to
                                                                                                       subscribers are provided with total                        intended to make clear which capacity
                                               rename Rule 718 ‘‘Data Feeds’’ and list
                                                                                                       quantity, customer quantity, price, and                    is referred to for the information. The
                                               the various data feed offerings within
                                                                                                       side (i.e., bid/ask). This information is                  Exchange is amending a description of
                                               that rule.
                                                                                                       provided for each of the five indicated                    the imbalances on opening/reopening to
                                                  The Exchange has previously filed a
                                                                                                       price levels on the Depth Feed. The feed                   note the imbalances are order and not
                                               rule change which describes the various
                                                                                                       also provides participants of imbalances                   participant imbalances. Also, a
                                               data offerings.3 The data offerings
                                                                                                       on opening/reopening.                                      typographical error is being amended in
                                               contained in that rule change included:
                                                                                                                                                                  the last sentence of this data feed to
                                               Nasdaq ISE Real-time Depth of Market                       In codifying the feed description, the                  remove an extraneous ‘‘of’’ in the
                                               Raw Data Feed (‘‘Depth of Market                        Exchange proposes a few amendments                         sentence.
                                               Feed’’), the Nasdaq ISE Order Feed                      to the description in the Prior Filing in
                                               (‘‘Order Feed’’), the Nasdaq ISE Top                    addition to the universal changes                          Top Quote Feed
                                               Quote Feed (‘‘Top Quote Feed’’), the                    mentioned above. For the Depth of                            In a Prior Filing the Exchange
                                               Nasdaq ISE Trades Feed (‘‘Trades                        Market Feed, the Exchange is removing                      described the Top Quote Feed as one
                                               Feed’’), and the Nasdaq ISE Spread Feed                 the words ‘‘’’Real-time’’ and ‘‘Raw’’                      that calculates and disseminates its best
                                               (‘‘Spread Feed’’). Each of the data                     because all the feeds are real-time and                    bid and offer position, with aggregated
                                               offerings are described in more detail                  contain raw data. Removing these words                     size (Total & Customer), based on
                                               below.                                                  conforms the language of all the feeds.                    displayable order and quote interest in
                                               Universal Changes                                       The Exchange proposes to replace                           the options market system. The feed
                                                                                                       ‘‘Exchange’’ with ‘‘ISE’’ for clarity. Also,               also provides last trade information
                                                  The Exchange notes it proposes                       the Exchange is expanding the
                                               various universal amendments to its                                                                                along with opening price, cumulative
                                                                                                       description of total quantity to ‘‘total                   volume, high and low prices for the day.
                                               data feeds for consistency and clarity.                 aggregate quantity’’ including Public
                                               References to ‘‘instrument’’ will be                                                                               The data provided for each instrument
                                                                                                       Customer 5 aggregate quantity and                          includes the symbols (series and
                                               replaced by the more specific language                  Priority Customer aggregate quantity.
                                               ‘‘options series.’’ Where the Exchange                                                                             underlying security), put or call
                                                                                                       The Exchange is amending a description                     indicator, expiration date, the strike
                                               previously referred to ‘‘trading status’’               of the imbalances on opening/reopening
                                               those words will be replaced with                                                                                  price of the series, and trading status.
                                                                                                       to note the imbalances are order and not                     In codifying the feed description, the
                                               language which specifically explains the                participant imbalances. Finally a
                                               information for status, which is,                                                                                  Exchange proposes a few amendments
                                                                                                       typographical error is being amended in                    to the description in the Prior Filing in
                                               ‘‘whether the option series is available                the last sentence of this data feed to
                                               for trading on ISE and identifies if the                                                                           addition to the universal changes
                                               series is available for closing                                                                                    mentioned above. The Exchange
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                                                                                                         4 The term ‘‘Priority Customer’’ means a person
                                               transactions only.’’ The word                                                                                      proposes to amend the Top Quote Feed
                                                                                                       or entity that (i) is not a broker or dealer in
                                                                                                       securities, and (ii) does not place more than 390          to make clear that aggregated size
                                                  3 See Securities Exchange Act Release No. 81095      orders in listed options per day on average during         included total size, Public Customer
                                               (July 7, 2017), 82 FR 32409 (July 13, 2017) (SR–ISE–    a calendar month for its own beneficial account(s).        size in the aggregate and also Priority
                                               2017–62) (Notice of Filing and Immediate                See ISE Rule 100(a)(41A).                                  Customer size in the aggregate. The
                                               Effectiveness of Proposed Rule Change To Establish        5 The term ‘‘Public Customer’’ means a person or

                                               Ports and Gateways That Members Use To Connect          entity that is not a broker or dealer in securities. See
                                                                                                                                                                  Exchange is replacing the term ‘‘options
                                               to the Exchange)(‘‘Prior Filing’’).                     Rule 100(a)(42).                                           market system’’ with the defined term


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                                                                              Federal Register / Vol. 83, No. 76 / Thursday, April 19, 2018 / Notices                                                      17453

                                               ‘‘System.’’ 6 The Exchange also proposes                writes, delta neutral strategies, etc.)                provides information relating to the data
                                               to add a sentence, similar to the Depth                 aggregated at the top price level on both              available on the Exchange for the benefit
                                               of Market Feed and Order Feed which                     the bid and offer side of the market as                of its Members within its Rules and
                                               provides ‘‘The feed also provides order                 well as all aggregated quotes and orders               adds greater transparency to these
                                               imbalances on opening/reopening.’’                      for complex orders at the top five price               offerings. Finally, the amendments
                                               This sentence should have been                          levels on both the bid and offer side of               seeks to add greater clarity to the data
                                               included with this feed as well. The                    the market.’’ The Exchange proposes to                 offerings and conform the text of the
                                               universal changes described above                       provide, ‘‘Nasdaq ISE Spread Feed                      offerings.
                                               apply as well.                                          (‘‘Spread Feed’’) is a feed that consists
                                                                                                                                                              B. Self-Regulatory Organization’s
                                                                                                       of options quotes and orders for all
                                               Trades Feed                                                                                                    Statement on Burden on Competition
                                                                                                       Complex Orders (i.e., spreads, buy-
                                                 In a Prior Filing the Exchange                        writes, delta neutral strategies, etc.)                   In accordance with Section 6(b)(8) of
                                               described the Trades Feed as displaying                 aggregated at the top five price levels                the Act,12 the Exchange does not believe
                                               last trade information along with                       (BBO) on both the bid and offer side of                that the proposed rule change will
                                               opening price, cumulative volume, high                  the market as well as last trades                      impose any burden on intermarket or
                                               and low prices for the day. The data                    information.’’ The Exchange believes                   intra-market competition that is not
                                               provided for each instrument includes                   that the proposed sentence is clear with               necessary or appropriate in furtherance
                                               the symbols (series and underlying                      respect to the fact that the data takes                of the purposes of the Act. The data feed
                                               security), put or call indicator,                       into account the top five price levels or              offerings are available to any market
                                               expiration date, the strike price of the                ‘‘BBO.’’ The Exchange is adding ‘‘last                 participant. The Exchange’s proposal
                                               series, and trading status.                             trades information’’ to make clear that                seeks to codify the data offerings in a
                                                 The Exchange is only amending the                     the execution information is contained                 rule for ease of reference and
                                               description of the Trades Feed as                       in this data feed as well. Finally, the                transparency within the Rulebook. The
                                               described in the universal changes.                     Exchange is making clear that the                      amendments seeks to add greater clarity
                                                                                                       Spread Feed shows bid/ask quote size                   to the data offerings and conform the
                                               Spread Feed                                             for Public Customer and Priority                       text of the offerings.
                                                  In a Prior Filing the Exchange                       Customer option orders for ISE traded                  C. Self-Regulatory Organization’s
                                               described the Spread Feed as a real-time                options. The universal changes                         Statement on Comments on the
                                               feed that consists of options quotes and                described above apply as well.                         Proposed Rule Change Received From
                                               orders for all Complex Orders (i.e.,                       The Exchange notes that market
                                                                                                                                                              Members, Participants, or Others
                                               spreads, buy-writes, delta neutral                      participants are charged for
                                               strategies, etc.) aggregated at the top                 subscriptions to these products.8 The                    No written comments were either
                                               price level on both the bid and offer side              Exchange believes that codifying these                 solicited or received.
                                               of the market as well as all aggregated                 data feeds within the Exchange’s                       III. Date of Effectiveness of the
                                               quotes and orders for complex orders at                 Rulebook will bring greater                            Proposed Rule Change and Timing for
                                               the top five price levels on both the bid               transparency to its Rules as well as the               Commission Action
                                               and offer side of the market. In addition,              data which is available on the Exchange.
                                                                                                       The amendments are also intended to                       Because the foregoing proposed rule
                                               the Spread Feed provides real-time
                                                                                                       provide greater clarity and transparency               change does not: (i) Significantly affect
                                               updates every time a new complex limit
                                                                                                       concerning the data offerings.                         the protection of investors or the public
                                               order that is not immediately executable
                                                                                                                                                              interest; (ii) impose any significant
                                               at the BBO is placed on the ISE complex                 2. Statutory Basis                                     burden on competition; and (iii) become
                                               order book. The Spread Feed shows
                                                                                                          The Exchange believes that the                      operative for 30 days from the date on
                                               aggregate bid/ask quote size for
                                                                                                       proposed rule change is consistent with                which it was filed, or such shorter time
                                               Customer and Professional Customer
                                                                                                       Section 6(b) of the Securities Exchange                as the Commission may designate, it has
                                               option orders for ISE traded options.
                                                                                                       Act of 1934 (the ‘‘Act’’),9 in general, and            become effective pursuant to Section
                                                  In codifying the Trades Feed
                                                                                                       furthers the objectives of Section 6(b)(5)             19(b)(3)(A)(iii) of the Act 13 and
                                               description, the Exchange proposes a
                                                                                                       of the Act,10 in particular, in that it is             subparagraph (f)(6) of Rule 19b–4
                                               few amendments to the description in
                                                                                                       designed to promote just and equitable                 thereunder.14
                                               the Prior Filing in addition to the
                                                                                                       principles of trade, to remove                            A proposed rule change filed under
                                               universal changes mentioned above.
                                                                                                       impediments to and perfect the                         Rule 19b–4(f)(6) 15 normally does not
                                               The Exchange is also removing a
                                                                                                       mechanism for a free and open market                   become operative prior to 30 days after
                                               reference to ‘‘real-time’’ as not
                                                                                                       and a national market system, and, in                  the date of the filing. However, Rule
                                               necessary. The Exchange is also
                                                                                                       general, to protect investors and the                  19b–4(f)(6)(iii) 16 permits the
                                               capitalizing the term ‘‘Complex Order,’’
                                                                                                       public interest. By codifying the various              Commission to designate a shorter time
                                               which is a defined term.7 The Exchange
                                                                                                       data feed offerings, which have already                if such action is consistent with the
                                               is also amending the sentence which                                                                            protection of investors and the public
                                               currently provides, ‘‘Nasdaq ISE Spread                 been filed for in another rule change,11
                                               is a real-time feed that consists of                    will bring greater transparency to the
                                                                                                                                                                12 15  U.S.C. 78f(b)(8).
                                               options quotes and orders for all                       Exchange’s Rules. Also, the content of                   13 15  U.S.C. 78s(b)(3)(A)(iii).
                                               Complex Orders (i.e., spreads, buy-                     each data feed is described within the                    14 17 CFR 240.19b–4(f)(6). In addition, Rule 19b–
                                                                                                       Rule for ease of reference. The Exchange               4(f)(6)(iii) requires the Exchange to give the
                                                                                                       believes that the proposed rule change
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                                                 6 See Rule 100(a)(53).                                                                                       Commission written notice of the Exchange’s intent
                                                 7A  complex order is any order involving the          is consistent with the protection of                   to file the proposed rule change, along with a brief
                                               simultaneous purchase and/or sale of two or more                                                               description and text of the proposed rule change,
                                                                                                       investors and the public interest as it                at least five business days prior to the date of filing
                                               different options series in the same underlying
                                               security, for the same account, in a ratio that is                                                             of the proposed rule change, or such shorter time
                                                                                                         8 See Schedule of Fees, Section VIII, Market Data.
                                               equal to or greater than one-to-three (.333) and less                                                          as designated by the Commission. The Exchange
                                                                                                         9 15 U.S.C. 78f(b).                                  has satisfied this requirement.
                                               than or equal to three-to-one (3.00) and for the
                                                                                                         10 15 U.S.C. 78f(b)(5).                                 15 17 CFR 240.19b–4(f)(6).
                                               purpose of executing a particular investment
                                               strategy. See ISE Rule 722(a)(1).                         11 See note 3 above.                                    16 17 CFR 240.19b–4(f)(6)(iii).




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                                               17454                         Federal Register / Vol. 83, No. 76 / Thursday, April 19, 2018 / Notices

                                               interest. The Exchange has asked the                    amendments, all written statements                    solicit comments on the proposed rule
                                               Commission to waive the 30-day                          with respect to the proposed rule                     change from interested persons.
                                               operative delay so that the proposal may                change that are filed with the
                                                                                                                                                             I. Self-Regulatory Organization’s
                                               become operative immediately upon                       Commission, and all written
                                                                                                                                                             Statement of the Terms of Substance of
                                               filing. The Exchange states that waiving                communications relating to the
                                                                                                                                                             the Proposed Rule Change
                                               the operative delay will allow it to                    proposed rule change between the
                                               immediately reflect the Exchange’s data                 Commission and any person, other than                    The Exchange proposes to amend the
                                               feed offerings within its Rules and bring               those that may be withheld from the                   Exchange’s transaction fees at Rule 7018
                                               greater transparency to these data feed                 public in accordance with the                         to reduce the credit for a Retail Order
                                               offerings. The Commission believes that                 provisions of 5 U.S.C. 552, will be                   that accesses liquidity provided by a
                                               waiver of the 30-day operative delay is                 available for website viewing and                     Retail Price Improvement Order.
                                               consistent with the protection of                       printing in the Commission’s Public                      The text of the proposed rule change
                                               investors and the public interest.                      Reference Room, 100 F Street NE,                      is available on the Exchange’s website at
                                               Therefore, the Commission hereby                        Washington, DC 20549, on official                     http://nasdaqbx.cchwallstreet.com/, at
                                               waives the operative delay and                          business days between the hours of                    the principal office of the Exchange, and
                                               designates the proposed rule change as                  10:00 a.m. and 3:00 p.m. Copies of the                at the Commission’s Public Reference
                                               operative upon filing.17                                filing also will be available for                     Room.
                                                  At any time within 60 days of the                    inspection and copying at the principal               II. Self-Regulatory Organization’s
                                               filing of the proposed rule change, the                 office of the Exchange. All comments                  Statement of the Purpose of, and
                                               Commission summarily may                                received will be posted without change.               Statutory Basis for, the Proposed Rule
                                               temporarily suspend such rule change if                 Persons submitting comments are                       Change
                                               it appears to the Commission that such                  cautioned that we do not redact or edit
                                               action is: (i) Necessary or appropriate in                                                                       In its filing with the Commission, the
                                                                                                       personal identifying information from                 Exchange included statements
                                               the public interest; (ii) for the protection            comment submissions. You should
                                               of investors; or (iii) otherwise in                                                                           concerning the purpose of and basis for
                                                                                                       submit only information that you wish                 the proposed rule change and discussed
                                               furtherance of the purposes of the Act.                 to make available publicly. All
                                               If the Commission takes such action, the                                                                      any comments it received on the
                                                                                                       submissions should refer to File                      proposed rule change. The text of these
                                               Commission shall institute proceedings                  Number SR–ISE–2018–32 and should be
                                               to determine whether the proposed rule                                                                        statements may be examined at the
                                                                                                       submitted on or before May 10, 2018.                  places specified in Item IV below. The
                                               should be approved or disapproved.
                                                                                                         For the Commission, by the Division of              Exchange has prepared summaries, set
                                               IV. Solicitation of Comments                            Trading and Markets, pursuant to delegated            forth in sections A, B, and C below, of
                                                 Interested persons are invited to                     authority.18                                          the most significant aspects of such
                                               submit written data, views, and                         Eduardo A. Aleman,                                    statements.
                                               arguments concerning the foregoing,                     Assistant Secretary.
                                                                                                                                                             A. Self-Regulatory Organization’s
                                               including whether the proposed rule                     [FR Doc. 2018–08158 Filed 4–18–18; 8:45 am]
                                                                                                                                                             Statement of the Purpose of, and
                                               change is consistent with the Act.                      BILLING CODE 8011–01–P
                                                                                                                                                             Statutory Basis for, the Proposed Rule
                                               Comments may be submitted by any of
                                                                                                                                                             Change
                                               the following methods:
                                                                                                       SECURITIES AND EXCHANGE                               1. Purpose
                                               Electronic Comments
                                                                                                       COMMISSION                                               The purpose of the proposed rule
                                                 • Use the Commission’s internet
                                                                                                                                                             change is to amend the Exchange’s
                                               comment form (http://www.sec.gov/                       [Release No. 34–83045; File No. SR–BX–                transaction fees at Rule 7018 to reduce
                                               rules/sro.shtml); or                                    2018–011]                                             the credit for a Retail Order that
                                                 • Send an email to rule-comments@
                                                                                                                                                             accesses liquidity provided by a Retail
                                               sec.gov. Please include File Number SR–                 Self-Regulatory Organizations; Nasdaq                 Price Improvement Order in connection
                                               ISE–2018–32 on the subject line.                        BX, Inc.; Notice of Filing and                        with the Retail Price Improvement
                                               Paper Comments                                          Immediate Effectiveness of Proposed                   Program (‘‘Program’’).
                                                                                                       Rule Change To Amend the                                 Under the RPI Program, a member (or
                                                 • Send paper comments in triplicate                   Exchange’s Transaction Fees at Rule
                                               to Secretary, Securities and Exchange                                                                         a division thereof) approved by the
                                                                                                       7018                                                  Exchange to participate in the Program
                                               Commission, 100 F Street NE,
                                               Washington, DC 20549–1090.                              April 13, 2018.                                       (a ‘‘Retail Member Organization’’ or
                                                                                                                                                             ‘‘RMO’’) may submit designated ‘‘Retail
                                               All submissions should refer to File                       Pursuant to Section 19(b)(1) of the                Orders’’ 3 for the purpose of seeking
                                               Number SR–ISE–2018–32. This file                        Securities Exchange Act of 1934
                                               number should be included on the                                                                              price improvement. All BX members
                                                                                                       (‘‘Act’’),1 and Rule 19b-4 thereunder,2               may enter retail price improving orders
                                               subject line if email is used. To help the              notice is hereby given that on April 2,
                                               Commission process and review your                                                                            (‘‘RPI Orders’’),4 a form of non-
                                                                                                       2018, Nasdaq BX, Inc. (‘‘BX’’ or
                                               comments more efficiently, please use                   ‘‘Exchange’’) filed with the Securities                 3 A Retail Order is defined, in part, as ‘‘an agency
                                               only one method. The Commission will                    and Exchange Commission (‘‘SEC’’ or                   Order, or riskless principal Order that satisfies the
                                               post all comments on the Commission’s                   ‘‘Commission’’) the proposed rule                     criteria of FINRA Rule 5320.03. The Retail Order
                                               internet website (http://www.sec.gov/                                                                         must reflect trading interest of a natural person with
                                                                                                       change as described in Items I, II, and
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                                                                                                                                                             no change made to the terms of the underlying
                                               rules/sro.shtml). Copies of the                         III below, which Items have been                      order of the natural person with respect to price
                                               submission, all subsequent                              prepared by the Exchange. The                         (except in the case of a market order that is changed
                                                                                                       Commission is publishing this notice to               to a marketable limit order) or side of market and
                                                  17 For purposes only of waiving the 30-day                                                                 that does not originate from a trading algorithm or
                                               operative delay, the Commission has also                                                                      any other computerized methodology.’’ See BX
                                                                                                         18 17 CFR 200.30–3(a)(12).
                                               considered the proposed rule’s impact on                                                                      Rules 4702(b)(6); 4780(a)(2).
                                                                                                         1 15 U.S.C. 78s(b)(1).
                                               efficiency, competition, and capital formation. See                                                             4 A Retail Price Improvement Order is defined, in

                                               15 U.S.C. 78c(f).                                         2 17 CFR 240.19b–4.                                 part, as ‘‘an Order Type with a Non-Display Order



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Document Created: 2018-04-19 00:40:38
Document Modified: 2018-04-19 00:40:38
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 17451 

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