83 FR 26129 - Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate Effectiveness of the Proposed Rule Change To Amend the Descriptions of Certain Data Feeds Within Chapter VI, Section 19 Entitled “Data Feeds and Trade Information.”
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 108 (June 5, 2018)
Federal Register Volume 83, Issue 108 (June 5, 2018)
| Page Range | 26129-26131 | |
| FR Document | 2018-11983 |
[Federal Register Volume 83, Number 108 (Tuesday, June 5, 2018)] [Notices] [Pages 26129-26131] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-11983] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-83346; File No. SR-BX-2018-021] Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate Effectiveness of the Proposed Rule Change To Amend the Descriptions of Certain Data Feeds Within Chapter VI, Section 19 Entitled ``Data Feeds and Trade Information.'' May 30, 2018. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that on May 25, 2018, Nasdaq BX, Inc. (``BX'' or ``Exchange'') filed with the Securities and Exchange Commission (``Commission'') the proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend the descriptions of certain data feeds within Chapter VI, Section 19 entitled ``Data Feeds and Trade Information.'' The text of the proposed rule change is available on the Exchange's website at http://nasdaqbx.cchwallstreet.com/, at the [[Page 26130]] principal office of the Exchange, and at the Commission's Public Reference Room. II. Self-Regulatory Organization's Statement of the Purpose of, and the 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 the Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange proposes to amend Chapter VI, Section 19 entitled ``Data Feeds and Trade Information'' to: (i) To further detail the type of information available on BX Depth of Market (BX Depth); and (ii) add a sentence to BX Depth and BX Top of Market (BX Top) which describes symbol directory information with a more specific description of the options symbol directory that was recently utilized in ISE Rule 718(a).\3\ --------------------------------------------------------------------------- \3\ The data provided for each options series includes the symbols (series and underlying security), put or call indicator, expiration date, the strike price of the series, and whether the option series is available for trading on ISE and identifies if the series is available for closing transactions only. --------------------------------------------------------------------------- The Exchange desires to amend the description for BX Depth which currently provides, ``BX Depth is a data feed that provides quotation information for individual orders on the BX Options book, last sale information for trades executed on BX Options, and Order Imbalance Information as set forth in BX Options Rules Chapter VI, Section 8.'' The Exchange proposes to amend this sentence to provide, ``BX Depth is a data feed that provides full order and quote depth information for individual orders and quotes on the BX Options book, last sale information for trades executed on BX Options, and Order Imbalance Information as set forth in BX Options Rules Chapter VI, Section 8.'' The Exchange proposes this language to make clear that this data feed has full order and quote information and not top of book information. The Exchange believes this proposed language will bring greater clarity to this description. The BX Depth feed is not changing. Also, today BX Depth and BX Top have an options symbol directory within those data feeds. The Exchange proposes to add a sentence to each of those data feeds to describe the data provided for each options series. The data includes the symbol (series and underlying security), put or call indicator, expiration date, the strike price of the series, and whether the option series is available for trading on BX and identifies if the series is available for closing transactions only. The Exchange inadvertently excluded this information when it originally filed the description for these feeds. The Exchange believes that adding this language will bring greater clarity to each of these feeds. The Exchange also proposes to replace the word ``Exchange'' with ``BX'' in Section 19(a). 2. Statutory Basis The Exchange believes that the proposed rule change is consistent with Section 6(b) of the Securities Exchange Act of 1934,\4\ in general, and furthers the objectives of Section 6(b)(5) of the Act,\5\ 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 providing greater transparency to the data feed information offered on BX. The Exchange's proposal to add more detail to both the BX Depth and BX Top data feeds will bring greater transparency to the Exchange's Rules. 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 Participants within its Rules and adds greater transparency to these offerings. Finally, the amendments seek to add greater clarity to the data offerings and conform the text of the offerings across its Nasdaq affiliated markets. --------------------------------------------------------------------------- \4\ 15 U.S.C. 78f(b). \5\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- B. Self-Regulatory Organization's Statement on Burden on Competition In accordance with Section 6(b)(8) of the Act,\6\ 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 to amend the data offerings will bring greater transparency to the Rulebook. The amendments seek to add greater clarity to the data offerings and conform the text of the offerings. --------------------------------------------------------------------------- \6\ 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 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, if consistent with the protection of investors and the public interest, the proposed rule change has become effective pursuant to Section 19(b)(3)(A) of the Act \7\ and Rule 19b- 4(f)(6) thereunder.\8\ --------------------------------------------------------------------------- \7\ 15 U.S.C. 78s(b)(3)(A). \8\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii) requires the Exchange to give the Commission written notice 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) \9\ normally does not become operative for 30 days after the date of filing. However, pursuant to Rule 19b-4(f)(6)(iii),\10\ the Commission may 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 has asked the Commission to waive the 30-day operative delay so that the proposal may become operative upon filing. The Exchange states that such waiver will allow it to update its rules to provide more detail regarding its data offerings and will further the protection of investors and the public interest because it will provide greater transparency as to the data offerings available to members. For this reason, the Commission believes that waiving [[Page 26131]] the 30-day operative delay is consistent with the protection of investors and the public interest and, therefore, the Commission designates the proposed rule change to be operative upon filing.\11\ --------------------------------------------------------------------------- \9\ 17 CFR 240.19b-4(f)(6). \10\ 17 CFR 240.19b-4(f)(6)(iii). \11\ 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 necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission shall institute proceedings to determine whether the proposed rule should be approved or disapproved. IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: Electronic CommentsUse the Commission's internet comment form (http://www.sec.gov/rules/sro.shtml); or Send an email to [email protected]. Please include File Number SR-BX-2018-021 on the subject line. Paper Comments Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090. All submissions should refer to File Number SR-BX-2018-021. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission's internet website (http://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for website viewing and printing in the Commission's Public Reference Room, 100 F Street NE, Washington, DC 20549, on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of the filing also will be available for inspection and copying at the principal office of the Exchange. All comments received will be posted without change. Persons submitting comments are cautioned that we do not redact or edit personal identifying information from comment submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR-BX-2018-021 and should be submitted on or before June 26, 2018. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\12\ --------------------------------------------------------------------------- \12\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018-11983 Filed 6-4-18; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 83, No. 108 / Tuesday, June 5, 2018 / Notices 26129
of the purposes of the Act. The data feed with the protection of investors and the Reference Room, 100 F Street NE,
offerings are available to any market public interest and, therefore, the Washington, DC 20549, on official
participant. The Exchange’s proposal to Commission designates the proposed business days between the hours of
amend the data offerings will bring rule change to be operative upon 10:00 a.m. and 3:00 p.m. Copies of the
greater transparency to the Rulebook. filing.11 filing also will be available for
The amendments seek to add greater At any time within 60 days of the inspection and copying at the principal
clarity to the data offerings and conform filing of the proposed rule change, the office of the Exchange. All comments
the text of the offerings. Commission summarily may received will be posted without change.
temporarily suspend such rule change if Persons submitting comments are
C. Self-Regulatory Organization’s it appears to the Commission that such cautioned that we do not redact or edit
Statement on Comments on the action is necessary or appropriate in the personal identifying information from
Proposed Rule Change Received From public interest, for the protection of comment submissions. You should
Members, Participants, or Others investors, or otherwise in furtherance of submit only information that you wish
No written comments were either the purposes of the Act. If the to make available publicly. All
solicited or received. Commission takes such action, the submissions should refer to File
III. Date of Effectiveness of the Commission shall institute proceedings Number SR–Phlx–2018–43 and should
Proposed Rule Change and Timing for to determine whether the proposed rule be submitted on or before June 26, 2018.
Commission Action should be approved or disapproved. For the Commission, by the Division of
IV. Solicitation of Comments Trading and Markets, pursuant to delegated
Because the proposed rule change authority.12
does not: (i) Significantly affect the Interested persons are invited to Eduardo A. Aleman,
protection of investors or the public submit written data, views, and
interest; (ii) impose any significant Assistant Secretary.
arguments concerning the foregoing,
burden on competition; and (iii) become [FR Doc. 2018–11982 Filed 6–4–18; 8:45 am]
including whether the proposed rule
operative for 30 days from the date on change is consistent with the Act. BILLING CODE 8011–01–P
which it was filed, or such shorter time Comments may be submitted by any of
as the Commission may designate, if the following methods:
consistent with the protection of SECURITIES AND EXCHANGE
investors and the public interest, the Electronic Comments COMMISSION
proposed rule change has become • Use the Commission’s internet [Release No. 34–83346; File No. SR–BX–
effective pursuant to Section 19(b)(3)(A) comment form (http://www.sec.gov/ 2018–021]
of the Act 7 and Rule 19b–4(f)(6) rules/sro.shtml); or
thereunder.8 • Send an email to rule-comments@ Self-Regulatory Organizations; Nasdaq
A proposed rule change filed under sec.gov. Please include File Number SR– BX, Inc.; Notice of Filing and
Rule 19b–4(f)(6) 9 normally does not Phlx–2018–43 on the subject line. Immediate Effectiveness of the
become operative for 30 days after the Proposed Rule Change To Amend the
Paper Comments Descriptions of Certain Data Feeds
date of filing. However, pursuant to
Rule 19b–4(f)(6)(iii),10 the Commission • Send paper comments in triplicate Within Chapter VI, Section 19 Entitled
may designate a shorter time if such to Secretary, Securities and Exchange ‘‘Data Feeds and Trade Information.’’
action is consistent with the protection Commission, 100 F Street NE,
Washington, DC 20549–1090. May 30, 2018.
of investors and the public interest. The
All submissions should refer to File Pursuant to Section 19(b)(1) of the
Exchange has asked the Commission to
Number SR–Phlx–2018–43. This file Securities Exchange Act of 1934 (the
waive the 30-day operative delay so that
number should be included on the ‘‘Act’’),1 and Rule 19b–4 thereunder,2
the proposal may become operative
subject line if email is used. To help the notice is hereby given that on May 25,
immediately upon filing. The Exchange
Commission process and review your 2018, Nasdaq BX, Inc. (‘‘BX’’ or
has asked the Commission to waive the
comments more efficiently, please use ‘‘Exchange’’) filed with the Securities
30-day operative delay so that the
only one method. The Commission will and Exchange Commission
proposal may become operative upon
post all comments on the Commission’s (‘‘Commission’’) the proposed rule
filing. The Exchange states that such
internet website (http://www.sec.gov/ change as described in Items I and II
waiver will allow it to update its rules
rules/sro.shtml). Copies of the below, which Items have been prepared
to provide more detail regarding its data
submission, all subsequent by the Exchange. The Commission is
offerings and will further the protection
amendments, all written statements publishing this notice to solicit
of investors and the public interest
with respect to the proposed rule comments on the proposed rule change
because it will provide greater
change that are filed with the from interested persons.
transparency as to the data offerings
available to members. For this reason, Commission, and all written I. Self-Regulatory Organization’s
the Commission believes that waiving communications relating to the Statement of the Terms of Substance of
the 30-day operative delay is consistent proposed rule change between the the Proposed Rule Change
Commission and any person, other than The Exchange proposes to amend the
7 15 U.S.C. 78s(b)(3)(A). those that may be withheld from the descriptions of certain data feeds within
8 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– public in accordance with the Chapter VI, Section 19 entitled ‘‘Data
4(f)(6)(iii) requires the Exchange to give the provisions of 5 U.S.C. 552, will be Feeds and Trade Information.’’ The text
amozie on DSK3GDR082PROD with NOTICES1
Commission written notice the Exchange’s intent to
file the proposed rule change, along with a brief available for website viewing and of the proposed rule change is available
description and text of the proposed rule change at printing in the Commission’s Public on the Exchange’s website at http://
least five business days prior to the date of filing
of the proposed rule change, or such shorter time 11 For purposes only of waiving the 30-day
nasdaqbx.cchwallstreet.com/, at the
as designated by the Commission. The Exchange operative delay, the Commission has also
has satisfied this requirement. considered the proposed rule’s impact on
12 17 CFR 200.30–3(a)(12).
9 17 CFR 240.19b–4(f)(6). 1 15 U.S.C. 78s(b)(1).
efficiency, competition, and capital formation. See
10 17 CFR 240.19b–4(f)(6)(iii). 15 U.S.C. 78c(f). 2 17 CFR 240.19b–4.
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![Federal Register / Vol. 83, No. 108 / Tuesday, June 5, 2018 / Notices 26131
the 30-day operative delay is consistent printing in the Commission’s Public At times, changes in Commission
with the protection of investors and the Reference Room, 100 F Street NE, priorities require alterations in the
public interest and, therefore, the Washington, DC 20549, on official scheduling of meeting items.
Commission designates the proposed business days between the hours of CONTACT PERSON FOR MORE INFORMATION:
rule change to be operative upon 10:00 a.m. and 3:00 p.m. Copies of the For further information and to ascertain
filing.11 filing also will be available for what, if any, matters have been added,
At any time within 60 days of the inspection and copying at the principal deleted or postponed; please contact
filing of the proposed rule change, the office of the Exchange. All comments Brent J. Fields from the Office of the
Commission summarily may received will be posted without change. Secretary at (202) 551–5400.
temporarily suspend such rule change if Persons submitting comments are
it appears to the Commission that such Dated: May 31, 2018.
cautioned that we do not redact or edit
action is necessary or appropriate in the Brent J. Fields,
personal identifying information from
public interest, for the protection of comment submissions. You should Secretary.
investors, or otherwise in furtherance of submit only information that you wish [FR Doc. 2018–12116 Filed 6–1–18; 11:15 am]
the purposes of the Act. If the to make available publicly. All BILLING CODE 8011–01–P
Commission takes such action, the submissions should refer to File
Commission shall institute proceedings Number SR–BX–2018–021 and should
to determine whether the proposed rule be submitted on or before June 26, 2018. SECURITIES AND EXCHANGE
should be approved or disapproved. COMMISSION
For the Commission, by the Division of
IV. Solicitation of Comments Trading and Markets, pursuant to delegated [Release No. 34–83347; File No. SR–
authority.12 NYSEAMER–2018–17]
Interested persons are invited to
submit written data, views, and Eduardo A. Aleman,
Assistant Secretary.
Self-Regulatory Organizations; NYSE
arguments concerning the foregoing, American LLC; Notice of Filing and
including whether the proposed rule [FR Doc. 2018–11983 Filed 6–4–18; 8:45 am]
Immediate Effectiveness of Proposed
change is consistent with the Act. BILLING CODE 8011–01–P
Rule Change To Amend the
Comments may be submitted by any of Intercontinental Exchange, Inc.
the following methods: Director Independence Policy
SECURITIES AND EXCHANGE
Electronic Comments COMMISSION May 30, 2018.
• Use the Commission’s internet Pursuant to Section 19(b)(1) 1 of the
comment form (http://www.sec.gov/ Sunshine Act Meetings Securities Exchange Act of 1934 (the
rules/sro.shtml); or ‘‘Act’’) 2 and Rule 19b–4 thereunder,3
• Send an email to rule-comments@ TIME AND DATE: 2:00 p.m. on Thursday,
notice is hereby given that, on May 22,
sec.gov. Please include File Number SR– June 7, 2018.
2018, NYSE American LLC (the
BX–2018–021 on the subject line. PLACE: Closed Commission Hearing ‘‘Exchange’’ or ‘‘NYSE American’’) filed
Paper Comments Room 10800. with the Securities and Exchange
STATUS: This meeting will be closed to Commission (the ‘‘Commission’’) the
• Send paper comments in triplicate
to Secretary, Securities and Exchange the public. proposed rule change as described in
Commission, 100 F Street NE, MATTERS TO BE CONSIDERED: Items I and II below, which Items have
Washington, DC 20549–1090. Commissioners, Counsel to the been prepared by the self-regulatory
Commissioners, the Secretary to the organization. The Commission is
All submissions should refer to File
Commission, and recording secretaries publishing this notice to solicit
Number SR–BX–2018–021. This file
will attend the closed meeting. Certain comments on the proposed rule change
number should be included on the
staff members who have an interest in from interested persons.
subject line if email is used. To help the
Commission process and review your the matters also may be present. I. Self-Regulatory Organization’s
comments more efficiently, please use The General Counsel of the Statement of the Terms of Substance of
only one method. The Commission will Commission, or his designee, has the Proposed Rule Change
post all comments on the Commission’s certified that, in his opinion, one or
more of the exemptions set forth in 5 The Exchange proposes to amend the
internet website (http://www.sec.gov/ Intercontinental Exchange, Inc. (‘‘ICE’’)
rules/sro.shtml). Copies of the U.S.C. 552b(c)(3), (5), (6), (7), (8), 9(B)
and (10) and 17 CFR 200.402(a)(3), director independence policy
submission, all subsequent (‘‘Independence Policy’’) in connection
amendments, all written statements (a)(5), (a)(6), (a)(7), (a)(8), (a)(9)(ii) and
(a)(10), permit consideration of the with a transaction (‘‘Transaction’’)
with respect to the proposed rule whereby Chicago Stock Exchange, Inc.
change that are filed with the scheduled matters at the closed meeting.
Commissioner Stein, as duty officer, (‘‘CHX’’) and its direct parent, CHX
Commission, and all written Holdings, Inc. (‘‘CHX Holdings’’), would
communications relating to the voted to consider the items listed for the
closed meeting in closed session. become indirect subsidiaries of
proposed rule change between the Intercontinental Exchange, Inc. (‘‘ICE’’),
Commission and any person, other than The subject matters of the closed
the ultimate parent of the Exchange. The
those that may be withheld from the meeting will be:
proposed rule change is available on the
public in accordance with the Institution and settlement of Exchange’s website at www.nyse.com, at
amozie on DSK3GDR082PROD with NOTICES1
provisions of 5 U.S.C. 552, will be injunctive actions; the principal office of the Exchange, and
available for website viewing and Institution and settlement of at the Commission’s Public Reference
administrative proceedings; and Room.
11 For purposes only of waiving the 30-day
Other matters relating to enforcement
operative delay, the Commission has also proceedings. 1 15 U.S.C. 78s(b)(1).
considered the proposed rule’s impact on
2 15 U.S.C. 78a.
efficiency, competition, and capital formation. See
15 U.S.C. 78c(f). 12 17 CFR 200.30–3(a)(12). 3 17 CFR 240.19b–4.
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Document Created: 2018-11-02 11:47:30
Document Modified: 2018-11-02 11:47:30
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| FR Citation | 83 FR 26129 |
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