83 FR 17457 - Self-Regulatory Organizations; Nasdaq GEMX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Codify Within Rule 718 the Data Feeds on GEMX
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 76 (April 19, 2018)
Federal Register Volume 83, Issue 76 (April 19, 2018)
| Page Range | 17457-17459 | |
| FR Document | 2018-08157 |
[Federal Register Volume 83, Number 76 (Thursday, April 19, 2018)] [Notices] [Pages 17457-17459] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-08157] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-83050; File No. SR-GEMX-2018-12] Self-Regulatory Organizations; Nasdaq GEMX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Codify Within Rule 718 the Data Feeds on GEMX 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 GEMX, LLC (``GEMX'' 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. --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to codify within Rule 718, which rule is currently reserved, the data feeds that are currently offered on GEMX. The text of the proposed rule change is available on the Exchange's website at http://nasdaqgemx.cchwallstreet.com/, at the principal office of the Exchange, and at the Commission's Public Reference Room. II. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. A. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The 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 GEMX and previously filed 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: the Nasdaq GEMX Real-time Depth of Market Raw Data Feed (``Depth of Market Feed''), the Nasdaq GEMX Order Feed (``Order Feed''), the Nasdaq GEMX Top Quote Feed (``Top Quote Feed''), and the Nasdaq GEMX Trades Feed (``Trades Feed''). Each of the data offerings are described in more detail below. --------------------------------------------------------------------------- \3\ See Securities Exchange Act Release No. 80649 (May 10, 2017), 82 FR 22595 (May 16, 2017) (SR-GEMX-2017-07) (Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish INET Ports) (``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 GEMX 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 GEMX 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 GEMX Rule 100(a)(41A). --------------------------------------------------------------------------- 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 GEMX 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 ``GEMX'' 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 [[Page 17458]] 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 ``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. The Exchange notes that market participants are charged for subscriptions to these products.\7\ 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. --------------------------------------------------------------------------- \7\ See Schedule of Fees, Section V, 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''),\8\ in general, and furthers the objectives of Section 6(b)(5) of the Act,\9\ 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,\10\ 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. --------------------------------------------------------------------------- \8\ 15 U.S.C. 78f(b). \9\ 15 U.S.C. 78f(b)(5). \10\ See note 3 above. --------------------------------------------------------------------------- B. Self-Regulatory Organization's Statement on Burden on Competition In accordance with Section 6(b)(8) of the Act,\11\ 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. --------------------------------------------------------------------------- \11\ 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 \12\ and subparagraph (f)(6) of Rule 19b-4 thereunder.\13\ --------------------------------------------------------------------------- \12\ 15 U.S.C. 78s(b)(3)(A)(iii). \13\ 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) \14\ normally does not become operative prior to 30 days after the date of the filing. However, Rule 19b-4(f)(6)(iii) \15\ 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 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 [[Page 17459]] designates the proposed rule change as operative upon filing.\16\ --------------------------------------------------------------------------- \14\ 17 CFR 240.19b-4(f)(6). \15\ 17 CFR 240.19b-4(f)(6)(iii). \16\ 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 CommentsUse the Commission's internet comment form (http://www.sec.gov/rules/sro.shtml); or Send an email to rule-comments@sec.gov. Please include File Number SR-GEMX-2018-12 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-GEMX-2018-12. 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-GEMX-2018-12 and should be submitted on or before May 10, 2018. --------------------------------------------------------------------------- \17\ 17 CFR 200.30-3(a)(12). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\17\ Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018-08157 Filed 4-18-18; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 83, No. 76 / Thursday, April 19, 2018 / Notices 17457
personal identifying information from any comments it received on the namely, ‘‘daily trading,’’ to refer to the
comment submissions. You should proposed rule change. The text of these volume. These aforementioned
submit only information that you wish statements may be examined at the amendments are made, where
to make available publicly. All places specified in Item IV below. The applicable, within the data feeds
submissions should refer to File Exchange has prepared summaries, set described below in more detail. Finally,
Number SR–BX–2018–011, and should forth in sections A, B, and C below, of the Exchange is adding language in Rule
be submitted on or before May 10, 2018. the most significant aspects of such 718(a) to make clear that the data feeds
For the Commission, by the Division of statements. pertain to GEMX trading information.
Trading and Markets, pursuant to delegated A. Self-Regulatory Organization’s Depth of Market Feed
authority.17
Statement of the Purpose of, and In a Prior Filing the Exchange
Eduardo A. Aleman, Statutory Basis for, the Proposed Rule
Assistant Secretary. described the Depth Feed as providing
Change aggregate quotes and orders at the top
[FR Doc. 2018–08152 Filed 4–18–18; 8:45 am]
1. Purpose five price levels on the Exchange, and
BILLING CODE 8011–01–P
provides subscribers with a
The purpose of the proposed rule
consolidated view of tradable prices
change is to codify within Rule 718,
SECURITIES AND EXCHANGE beyond the BBO, showing additional
which rule is currently reserved, the
COMMISSION liquidity and enhancing transparency
data feeds that are currently offered on
for GEMX traded options. The data
[Release No. 34–83050; File No. SR–GEMX– GEMX and previously filed in prior rule
provided for each instrument includes
2018–12] changes as described in more detail
the symbols (series and underlying
below. The Exchange proposes to
security), put or call indicator,
Self-Regulatory Organizations; Nasdaq rename Rule 718 ‘‘Data Feeds’’ and list
expiration date, the strike price of the
GEMX, LLC; Notice of Filing and the various data feed offerings within
series, and trading status. In addition,
Immediate Effectiveness of Proposed that rule.
The Exchange has previously filed a subscribers are provided with total
Rule Change To Codify Within Rule
rule change which describes the various quantity, customer quantity, price, and
718 the Data Feeds on GEMX
data offerings.3 The data offerings side (i.e., bid/ask). This information is
April 13, 2018. provided for each of the five indicated
contained in that rule change included:
Pursuant to Section 19(b)(1) of the price levels on the Depth Feed. The feed
the Nasdaq GEMX Real-time Depth of
Securities Exchange Act of 1934 also provides participants of imbalances
Market Raw Data Feed (‘‘Depth of
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 on opening/reopening.
Market Feed’’), the Nasdaq GEMX Order
notice is hereby given that on April 4, In codifying the feed description, the
Feed (‘‘Order Feed’’), the Nasdaq GEMX
2018, Nasdaq GEMX, LLC (‘‘GEMX’’ or Exchange proposes a few amendments
Top Quote Feed (‘‘Top Quote Feed’’),
‘‘Exchange’’) filed with the Securities to the description in the Prior Filing in
and the Nasdaq GEMX Trades Feed
and Exchange Commission addition to the universal changes
(‘‘Trades Feed’’). Each of the data
(‘‘Commission’’) the proposed rule mentioned above. For the Depth of
offerings are described in more detail
change as described in Items I and II Market Feed, the Exchange is removing
below.
below, which Items have been prepared the words ‘‘Real-time’’ and ‘‘Raw’’
by the Exchange. The Commission is Universal Changes because all the feeds are real-time and
publishing this notice to solicit The Exchange notes it proposes contain raw data. Removing these words
comments on the proposed rule change various universal amendments to its conforms the language of all the feeds.
from interested persons. data feeds for consistency and clarity. The Exchange proposes to replace
References to ‘‘instrument’’ will be ‘‘Exchange’’ with ‘‘GEMX’’ for clarity.
I. Self-Regulatory Organization’s Also, the Exchange is expanding the
Statement of the Terms of Substance of replaced by the more specific language
‘‘options series.’’ Where the Exchange description of total quantity to ‘‘total
the Proposed Rule Change aggregate quantity’’ including Public
previously referred to ‘‘trading status’’
The Exchange proposes to codify those words will be replaced with Customer 5 aggregate quantity and
within Rule 718, which rule is currently language which specifically explains the Priority Customer aggregate quantity.
reserved, the data feeds that are information for status, which is, The Exchange is amending a description
currently offered on GEMX. ‘‘whether the option series is available of the imbalances on opening/reopening
The text of the proposed rule change to note the imbalances are order and not
for trading on GEMX and identifies if
is available on the Exchange’s website at participant imbalances. Finally a
the series is available for closing
http://nasdaqgemx.cchwallstreet.com/, typographical error is being amended in
transactions only.’’ The word
at the principal office of the Exchange, the last sentence of this data feed to
‘‘customer’’ will be replaced with the
and at the Commission’s Public remove an extraneous ‘‘of’’ in the
defined term ‘‘Priority Customer.’’ 4
Reference Room. sentence.
References to the word ‘‘cumulative,’’
II. Self-Regulatory Organization’s when referring to volume, will be Order Feed
Statement of the Purpose of, and replaced with more specific language
In a Prior Filing the Exchange
Statutory Basis for, the Proposed Rule
described the Order Feed as providing
Change 3 See Securities Exchange Act Release No. 80649
(May 10, 2017), 82 FR 22595 (May 16, 2017) (SR– information on new orders resting on
In its filing with the Commission, the the book. In addition, the feed also
daltland on DSKBBV9HB2PROD with NOTICES
GEMX–2017–07) (Notice of Filing and Immediate
Exchange included statements Effectiveness of Proposed Rule Change To Establish announces auctions. The data provided
concerning the purpose of and basis for INET Ports) (‘‘Prior Filing’’).
4 The term ‘‘Priority Customer’’ means a person
for each instrument includes the
the proposed rule change and discussed symbols (series and underlying
or entity that (i) is not a broker or dealer in
securities, and (ii) does not place more than 390
17 17 CFR 200.30–3(a)(12). orders in listed options per day on average during 5 The term ‘‘Public Customer’’ means a person or
1 15 U.S.C. 78s(b)(1). a calendar month for its own beneficial account(s). entity that is not a broker or dealer in securities. See
2 17 CFR 240.19b–4. See GEMX Rule 100(a)(41A). Rule 100(a)(42).
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![Federal Register / Vol. 83, No. 76 / Thursday, April 19, 2018 / Notices 17459
designates the proposed rule change as 10:00 a.m. and 3:00 p.m. Copies of the II. Self-Regulatory Organization’s
operative upon filing.16 filing also will be available for Statement of the Purpose of, and
At any time within 60 days of the inspection and copying at the principal Statutory Basis for, the Proposed Rule
filing of the proposed rule change, the office of the Exchange. All comments Change
Commission summarily may received will be posted without change. In its filing with the Commission, the
temporarily suspend such rule change if Persons submitting comments are Exchange included statements
it appears to the Commission that such cautioned that we do not redact or edit concerning the purpose of and basis for
action is: (i) Necessary or appropriate in personal identifying information from the proposed rule change and discussed
the public interest; (ii) for the protection comment submissions. You should any comments it received on the
of investors; or (iii) otherwise in submit only information that you wish proposed rule change. The text of these
furtherance of the purposes of the Act. to make available publicly. All statements may be examined at the
If the Commission takes such action, the submissions should refer to File places specified in Item IV below. The
Commission shall institute proceedings Number SR–GEMX–2018–12 and Exchange has prepared summaries, set
to determine whether the proposed rule should be submitted on or before May forth in sections A, B, and C below, of
should be approved or disapproved. 10, 2018. the most significant aspects of such
IV. Solicitation of Comments For the Commission, by the Division of statements.
Interested persons are invited to Trading and Markets, pursuant to delegated
A. Self-Regulatory Organization’s
submit written data, views, and authority.17
Statement of the Purpose of, and
arguments concerning the foregoing, Eduardo A. Aleman,
Statutory Basis for, the Proposed Rule
including whether the proposed rule Assistant Secretary. Change
change is consistent with the Act. [FR Doc. 2018–08157 Filed 4–18–18; 8:45 am]
Comments may be submitted by any of 1. Purpose
BILLING CODE 8011–01–P
the following methods: The purpose of the proposed rule
Electronic Comments change is to adopt data feeds for MRX.
SECURITIES AND EXCHANGE The Exchange proposes to amend Rule
• Use the Commission’s internet COMMISSION 718, which is currently reserved, to
comment form (http://www.sec.gov/ rename the rule ‘‘Data Feeds’’ and
rules/sro.shtml); or include a description of each data feed
• Send an email to rule-comments@ [Release No. 34–83049; File No. SR–MRX–
2018–11] within the rule. The data feed offerings
sec.gov. Please include File Number SR– are as follows: Nasdaq MRX Depth of
GEMX–2018–12 on the subject line. Market Data Feed (‘‘Depth of Market
Self-Regulatory Organizations; Nasdaq
Paper Comments MRX, LLC; Notice of Filing and Feed’’), the Nasdaq MRX Order Feed
• Send paper comments in triplicate Immediate Effectiveness of Proposed (‘‘Order Feed’’), the Nasdaq MRX Top
to Secretary, Securities and Exchange Rule Change To Adopt Data Feeds Quote Feed (‘‘Top Quote Feed’’) and the
Commission, 100 F Street NE, Offered to MRX Members Nasdaq MRX Trades Feed (‘‘Trades
Washington, DC 20549–1090. Feed’’). A description of each data
April 13, 2018. offering follows below.
All submissions should refer to File
Number SR–GEMX–2018–12. This file Pursuant to Section 19(b)(1) of the Depth of Market Feed
number should be included on the Securities Exchange Act of 1934
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 The Depth of Market Data Feed
subject line if email is used. To help the provides aggregate quotes and orders at
Commission process and review your notice is hereby given that on April 4,
2018, Nasdaq MRX, LLC (‘‘MRX’’ or the top five price levels on MRX, and
comments more efficiently, please use provides subscribers with a
only one method. The Commission will ‘‘Exchange’’) filed with the Securities
and Exchange Commission consolidated view of tradable prices
post all comments on the Commission’s beyond the BBO, showing additional
internet website (http://www.sec.gov/ (‘‘Commission’’) the proposed rule
change as described in Items I, II, and liquidity and enhancing transparency
rules/sro.shtml). Copies of the for MRX traded options. The data
submission, all subsequent III, below, which Items have been
prepared by the Exchange. The provided for each option series includes
amendments, all written statements the symbols (series and underlying
with respect to the proposed rule Commission is publishing this notice to
solicit comments on the proposed rule security), put or call indicator,
change that are filed with the expiration date, the strike price of the
Commission, and all written change from interested persons.
series, and whether the option series is
communications relating to the I. Self-Regulatory Organization’s available for trading on ISE and
proposed rule change between the Statement of the Terms of Substance of identifies if the series is available for
Commission and any person, other than the Proposed Rule Change closing transactions only. In addition,
those that may be withheld from the subscribers are provided with total
public in accordance with the The Exchange proposes to adopt data aggregate quantity, Public Customer
provisions of 5 U.S.C. 552, will be feeds offered to MRX Members. aggregate quantity, Priority Customer
available for website viewing and The text of the proposed rule change aggregate quantity, price, and side (i.e.,
printing in the Commission’s Public is available on the Exchange’s website at bid/ask). This information is provided
Reference Room, 100 F Street NE, http://nasdaqmrx.cchwallstreet.com/, at for each of the top five price levels on
daltland on DSKBBV9HB2PROD with NOTICES
Washington, DC 20549, on official the principal office of the Exchange, and the Depth Feed. The feed also provides
business days between the hours of at the Commission’s Public Reference order imbalances on opening/reopening.
Room.
16 For purposes only of waiving the 30-day Order Feed
operative delay, the Commission has also
considered the proposed rule’s impact on
17 17 CFR 200.30–3(a)(12). The Order feed provides information
efficiency, competition, and capital formation. See 1 15 U.S.C. 78s(b)(1). on new orders resting on the book (e.g.
15 U.S.C. 78c(f). 2 17 CFR 240.19b–4. price, quantity and market participant
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Document Created: 2018-04-19 00:41:31
Document Modified: 2018-04-19 00:41:31
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| FR Citation | 83 FR 17457 |
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