83 FR 26332 - Self-Regulatory Organizations; NYSE National, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish the NYSE National BBO, NYSE National Trades and NYSE National Integrated Feed Market Data Feeds
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 109 (June 6, 2018)
Federal Register Volume 83, Issue 109 (June 6, 2018)
| Page Range | 26332-26335 | |
| FR Document | 2018-12110 |
[Federal Register Volume 83, Number 109 (Wednesday, June 6, 2018)] [Notices] [Pages 26332-26335] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-12110] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-83350; File No. SR-NYSENAT-2018-09] Self-Regulatory Organizations; NYSE National, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish the NYSE National BBO, NYSE National Trades and NYSE National Integrated Feed Market Data Feeds May 31, 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 18, 2018, NYSE National, Inc. (the ``Exchange'' or ``NYSE National'') filed with the Securities and Exchange Commission (the ``Commission'') the proposed rule change as described in Items I and II below, which Items have been prepared by the self-regulatory organization. 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 establish the NYSE National BBO (``NYSE National BBO''), NYSE National Trades (``NYSE National Trades'') and NYSE National Integrated Feed (``NYSE National Integrated Feed'') market data feeds. The proposed rule change is available on the Exchange's website at www.nyse.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 self-regulatory organization 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 those statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant parts of such statements. [[Page 26333]] 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 establish NYSE National BBO, NYSE National Trades and NYSE National Integrated Feed (``NYSE National Market Data Feeds''). NYSE National BBO NYSE National BBO is a NYSE National-only market data feed that provides vendors and subscribers on a real-time basis with the same best-bid-and-offer information that NYSE National reports under the Consolidated Quotation Plan (``CQ Plan'') and the Plan Governing the Collection, Consolidation, and Dissemination of Quotation and Transaction Information for Nasdaq-Listed Securities Traded on Exchanges on an Unlisted Trading Privilege Basis (``OTC UTP Plan''). NYSE National BBO would include the best bids and offers (``NYSE National BBO Information'') for all securities that are traded on the Exchange. NYSE National will make the NYSE National BBO available over a single data feed, regardless of the markets on which the securities are listed. NYSE National BBO would allow vendors, broker-dealers, and others (``NYSE National Vendors'') to consume and make available NYSE National BBO Information on a real-time basis. NYSE National Vendors may distribute the NYSE National BBO to both professional and non- professional subscribers. The Exchange would make NYSE National BBO Information available through the NYSE National BBO data feed no earlier than it makes that information available to the processor under the CQ Plan or the OTC UTP Plan, as applicable. NYSE National Trades NYSE National Trades is a NYSE National-only market data feed that provides vendors and subscribers on a real-time basis with the same last sale information that NYSE National reports under the Consolidated Tape Association Plan (``CTA Plan'') and the OTC UTP Plan for inclusion in the consolidated feeds. NYSE National Trades would include the real- time last sale price, time and size information (``NYSE National Last Sale Information'') for all securities that are traded on the Exchange. NYSE National will make the NYSE National Trades available over a single data feed, regardless of the markets on which the securities are listed. NYSE National Trades would allow NYSE National Vendors to consume and make available NYSE National Last Sale Information on a real-time basis. NYSE National Vendors may distribute the NYSE National Trades to both professional and non-professional subscribers. The Exchange would make NYSE National Last Sale Information available through the NYSE National Trades data feed no earlier than it makes that information available to the processor under the CTA Plan or the OTC UTP Plan, as applicable. In addition to the information that the Exchange provides to the processor, NYSE National Last Sale Information will also include a unique sequence number that the Exchange assigns to each trade and that allows an investor to track the context of a trade through other Exchange market data products. NYSE National Integrated Feed NYSE National Integrated Feed is a NYSE National-only market data feed that would provide vendors and subscribers on a real-time basis with a unified view of events, in sequence, as they appear on the NYSE National matching engines. The NYSE National Integrated Feed would include depth of book order data, last sale data, and security status updates (e.g., trade corrections and trading halts) and stock summary messages. The stock summary message would update every minute and would include NYSE National's opening price, high price, low price, closing price, and cumulative volume for a security. The NYSE National Integrated Feed would include information available to vendors and subscribers of NYSE National Trades, a service that would make available NYSE National last sale information on a real-time basis. Offering an integrated product addresses requests received from vendors and subscribers that would like to receive the data described above in an integrated fashion. An integrated data feed would provide greater efficiencies and reduce errors for vendors and subscribers that currently choose to integrate the data after receiving it from the Exchange. The Exchange believes that providing vendors and subscribers with the option of a market data product that both integrates existing products and includes additional market data would allow vendors and subscribers to choose the best solution for their specific businesses. The Exchange proposes to offer the NYSE National Market Data Feeds through the Exchange's Liquidity Center Network (``LCN''), a local area network in the Exchange's Mahwah, New Jersey data center that is available to users of the Exchange's co-location services. The Exchange would also offer the NYSE National Market Data Feeds through the Exchange's Secure Financial Transaction Infrastructure (``SFTI'') network, through which all other users and members access the Exchange's trading and execution systems and other proprietary market data products. At this time, the Exchange does not intend to charge any fees associated with the receipt of NYSE National BBO, NYSE National Trades or NYSE National Integrated Feed. The Exchange will submit a proposed rule change to the Commission should it determine to charge fees associated with the receipt of NYSE National BBO, NYSE National Trades or NYSE National Integrated Feed. The Exchange will announce the date that the NYSE National Market Data Feeds would be available through a NYSE National Market Data Notice. 2. Statutory Basis The Exchange believes that the proposed rule change is consistent with Section 6(b) of the Act (``Act''),\3\ in general, and furthers the objectives of Section 6(b)(5) of the Act,\4\ in particular, in that it is designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in facilitating transactions in securities, to remove impediments to and perfect the mechanism of a free and open market and a national market system and, in general, to protect investors and the public interest, and it is not designed to permit unfair discrimination among customers, brokers, or dealers. This proposal is in keeping with those principles in that it promotes increased transparency through the dissemination of the NYSE National Market Data Feeds to those interested in receiving it. --------------------------------------------------------------------------- \3\ 15 U.S.C. 78f(b). \4\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- The Exchange also believes this proposal is consistent with Section 6(b)(5) of the Act because it protects investors and the public interest and promotes just and equitable principles of trade by providing investors with new options for receiving market data as requested by market data vendors and purchasers. The proposed rule change would benefit investors by facilitating their prompt access to the real-time information contained in the NYSE National Market Data Feeds. In adopting Regulation NMS, the Commission granted self-regulatory organizations (``SROs'') and broker [[Page 26334]] dealers increased authority and flexibility to offer new and unique market data to consumers of such data. It was believed that this authority would expand the amount of data available to users and consumers of such data and also spur innovation and competition for the provision of market data. The Exchange believes that the NYSE National Market Data Feeds are precisely the sort of market data products that the Commission envisioned when it adopted Regulation NMS. The Commission concluded that Regulation NMS would itself further the Act's goals of facilitating efficiency and competition: Efficiency is promoted when broker-dealers who do not need the data beyond the prices, sizes, market center identifications of the NBBO and consolidated last sale information are not required to receive (and pay for) such data. The Commission also believes that efficiency is promoted when broker-dealers may choose to receive (and pay for) additional market data based on their own internal analysis of the need for such data.\5\ --------------------------------------------------------------------------- \5\ See Securities Exchange Act Release No. 51808 (June 9, 2005), 70 FR 37496 (June 29, 2005) (Regulation NMS Adopting Release). --------------------------------------------------------------------------- The Exchange further notes that the existence of alternatives to the Exchange's product, including real-time consolidated data, free delayed consolidated data, and proprietary data from other sources, as well as the continued availability of the Exchange's separate data feeds, ensures that the Exchange is not unreasonably discriminatory because vendors and subscribers can elect these alternatives as their individual business cases warrant. The NYSE National Market Data Feeds will help to protect a free and open market by providing additional data to the marketplace and by giving investors greater choices. In addition, the proposal would not permit unfair discrimination because the products will be available to all of the Exchange's customers and broker-dealers through both the LCN and SFTI. 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 competition that is not necessary or appropriate in furtherance of the purposes of the Act. Because other exchanges already offer similar products, the Exchange's proposed NYSE National Market Data Feeds will enhance competition. For example, NYSE National BBO would provide an alternative to NYSE Arca BBO,\7\ offered by the Exchange's affiliate, NYSE Arca, Inc. (``NYSE Arca''), Nasdaq Basic,\8\ offered by The Nasdaq Stock Market, Inc. (``Nasdaq''), and Cboe Top,\9\ offered by Cboe Global Markets, Inc. (``Cboe''). Additionally, NYSE National Trades would provide an alternative to NYSE Arca Trades,\10\ offered by NYSE Arca, Nasdaq Basic,\11\ offered by Nasdaq, and Cboe Last Sale,\12\ offered by Cboe. Finally, NYSE National Integrated Feed would provide an alternative to NYSE Arca Integrated Feed,\13\ offered by NYSE Arca, Nasdaq TotalView-Itch,\14\ offered by Nasdaq, and Cboe Depth,\15\ offered by Cboe. --------------------------------------------------------------------------- \6\ 15 U.S.C. 78f(b)(8). \7\ See NYSE Arca BBO, https://www.nyse.com/market-data/real-time/bbo (provides best bid/ask quotations for all traded securities). \8\ See Nasdaq Basic, http://www.nasdaqtrader.com/Trader.aspx?id=nasdaqbasic (provides Best Bid and Offer and Last Sale Information). \9\ See Cboe Top, https://markets.cboe.com/us/equities/market_data_products/ (provides real-time top-of-book quotations, matched trade price, volume and execution time). \10\ See NYSE Arca Trades, https://www.nyse.com/market-data/real-time/trades (provides real-time Last Sale information for all traded securities). \11\ See Nasdaq Basic, http://www.nasdaqtrader.com/Trader.aspx?id=nasdaqbasic (provides Best Bid and Offer and Last Sale Information). \12\ See Cboe Last Sale, https://markets.cboe.com/us/equities/market_data_products/. (provides real-time matched trade price, volume and execution time). \13\ See NYSE Arca Integrated Feed, https://www.nyse.com/market-data/real-time/integrated-feed (provides a comprehensive order-by- order view of events in the equities market, including depth of book, trades, order imbalance data, and security status messages). \14\ See Nasdaq TotalView-ITCH, http://www.nasdaqtrader.com/Trader.aspx?id=Totalview2 (displays the full order book depth for Nasdaq market participants and also disseminates the Net Order Imbalance Indicator (NOII) for the Nasdaq Opening and Closing Crosses and Nasdaq IPO/Halt Cross). \15\ See Cboe Depth, https://markets.cboe.com/us/equities/market_data_products/ (provides real-time, depth-of-book quotations and execution information). --------------------------------------------------------------------------- The NYSE National Market Data Feeds provide investors with new options for receiving market data, which was a primary goal of the market data amendments C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others No written comments were solicited or received with respect to the proposed rule change. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The Exchange has filed the proposed rule change pursuant to Section 19(b)(3)(A)(iii) of the Act \16\ and Rule 19b-4(f)(6) thereunder.\17\ 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 prior to 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; provided that the SRO has given the Commission written notice of its intent to file the proposed rule change, along with a brief description and text of the proposed rule change, at least five business days prior to the date of filing of the proposed rule change, or such shorter time as the designated by the Commission, the proposed rule change has become effective pursuant to Section 19(b)(3)(A) of the Act and Rule 19b-4(f)(6)(iii) thereunder. --------------------------------------------------------------------------- \16\ 15 U.S.C. 78s(b)(3)(A)(iii). \17\ 17 CFR 240.19b-4(f)(6). --------------------------------------------------------------------------- A proposed rule change filed under Rule 19b-4(f)(6) \18\ normally does not become operative prior to 30 days after the date of the filing. However, pursuant to Rule 19b4(f)(6)(iii),\19\ 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 both the five day pre-filing requirement and the 30-day operative delay so that the proposal may become operative immediately upon filing. The Exchange stated its belief such waivers would be consistent with the protection of investors and the public interest because the waiver of the pre-filing requirement and the operative delay would allow the Exchange to provide the NYSE National Market Data Feeds immediately upon launch of NYSE National. The Commission grants the Exchange's request for waivers of the pre-filing requirement and the operative delay \20\ because the waivers would permit the Exchange to begin offering its proprietary market data products, which would be comparable to those offered by other exchanges, to interested market [[Page 26335]] participants concurrent with the re-launch of the Exchange. --------------------------------------------------------------------------- \18\ 17 CFR 240.19b-4(f)(6). \19\ 17 CFR 240.19b-4(f)(6)(iii). \20\ In considering the Exchange's request to waive the requirement of the 30-day operative delay, the Commission has considered, in addition to the protection of investors, the impact on efficiency, competition, and capital formation. 15 U.S.C. 78c(f). --------------------------------------------------------------------------- At any time within 60 days of the filing of such 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 under Section 19(b)(2)(B) of the Act \21\ to determine whether the proposed rule change should be approved or disapproved. --------------------------------------------------------------------------- \21\ 15 U.S.C. 78s(b)(2)(B). --------------------------------------------------------------------------- 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-NYSENAT-2018-09 on the subject line. Paper Comments Send paper comments in triplicate to Brent J. Fields, Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090. All submissions should refer to File Number SR-NYSENAT-2018-09. 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-NYSENAT-2018-09 and should be submitted on or before June 27, 2018. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\22\ --------------------------------------------------------------------------- \22\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018-12110 Filed 6-5-18; 8:45 am] BILLING CODE 8011-01-P
![26332 Federal Register / Vol. 83, No. 109 / Wednesday, June 6, 2018 / Notices
100 F Street NE, Washington, DC For the Commission by the Division of SECURITIES AND EXCHANGE
20549–7010 or by email to Trading and Markets pursuant to delegated COMMISSION
tradingandmarkets@sec.gov with the authority.4
phrase ‘‘Order Cancelling Transfer Eduardo A. Aleman,
[Release No. 34–83350; File No. SR–
Agent Registration’’ in the subject line. Assistant Secretary. NYSENAT–2018–09]
Background Appendix
Self-Regulatory Organizations; NYSE
Section 17A(c)(4)(B) of the Act National, Inc.; Notice of Filing and
provides that if the Commission finds Transfer agent name File number Immediate Effectiveness of Proposed
that any transfer agent registered with Rule Change To Establish the NYSE
AG Transfer Agency LLC ..... 084–06306 National BBO, NYSE National Trades
the Commission is no longer in
Allied Stock Transfer, Inc. .... 084–06171
existence or has ceased to do business and NYSE National Integrated Feed
AlphaMetrix, LLC .................. 084–06327
as a transfer agent, the Commission Market Data Feeds
Baron Capital Transfer &
shall by order cancel that transfer Registrar LLC .................... 084–06440 May 31, 2018.
agent’s registration. On December 22, Bluechip Equity Inc. DBA
2017, the Commission published notice Bluechip Trust Company .. 084–06173 Pursuant to Section 19(b)(1) of the
of its intention to cancel the registration Cascade Stock Transfer, Inc. 084–06204 Securities Exchange Act of 1934 (the
of certain transfer agents whom it Centerline Affordable Hous- ‘‘Act’’) 1 and Rule 19b–4 thereunder,2
believed were no longer in existence or ing Advisors LLC ............... 084–01911 notice is hereby given that on May 18,
had ceased doing business as transfer Chris Lotito ........................... 084–06197 2018, NYSE National, Inc. (the
agents.3 Clayton Securities Services, ‘‘Exchange’’ or ‘‘NYSE National’’) filed
Inc. .................................... 084–05425 with the Securities and Exchange
In the notice, the Commission Demiurgic, Inc. ...................... 084–06274 Commission (the ‘‘Commission’’) the
identified 38 such transfer agents and Elite Transfer Corp ............... 084–06193 proposed rule change as described in
stated that at any time after January 31, EnDevCo, Inc. ...................... 084–06084
Items I and II below, which Items have
2018, the Commission intended to issue First National Bank of
Omaha .............................. 084–06174
been prepared by the self-regulatory
an order canceling the registrations of
First National Bank of Sioux organization. The Commission is
any or all of the identified transfer
agents. One transfer agent contacted the Falls ................................... 084–06228 publishing this notice to solicit
Commission to object to the cancellation Fund Dynamics, LLC ............ 084–06208 comments on the proposed rule change
Hiko Bell Mining & Oil Com- from interested persons.
of its registration, stating that it had not
pany .................................. 084–05445
ceased doing business as a transfer I. Self-Regulatory Organization’s
Holladay Stock Transfer, Inc. 084–01822
agent. The Commission has decided not Integrity Stock Transfer ........ 084–06113
Statement of the Terms of Substance of
to cancel the registration of that transfer Intercontinental Registrar & the Proposed Rule Change
agent. None of the remaining 37 Transfer Agency, Inc. ........ 084–01123
identified transfer agents contacted the The Exchange proposes to establish
Investor Data Services ......... 084–01425
Commission to object to the cancellation the NYSE National BBO (‘‘NYSE
Johnson, Lawrence & Asso-
of their registrations. ciates ................................. 084–05831 National BBO’’), NYSE National Trades
Karrison Compagnie Inc. ...... 084–06046 (‘‘NYSE National Trades’’) and NYSE
Accordingly, the Commission is National Integrated Feed (‘‘NYSE
Life Sciences Research ........ 084–06094
cancelling the registrations of the 37 National Integrated Feed’’) market data
LM Anderson Securities, LLC 084–06257
transfer agents identified in the Matrix Capital Group Inc. ..... 084–06122 feeds. The proposed rule change is
Appendix attached to this Order. Premier Stock Transfer, LLC 084–06518 available on the Exchange’s website at
Order Progressive Transfer, Inc. .... 084–06268 www.nyse.com, at the principal office of
Quads Trust Company ......... 084–05621 the Exchange, and at the Commission’s
On the basis of the foregoing, the Repository & Related Serv- Public Reference Room.
Commission finds that each of the ices, LLC ........................... 084–06500
Signal Stock Transfer, Inc. ... 084–06360 II. Self-Regulatory Organization’s
transfer agents whose name appears in
Standard Transfer & Trust Statement of the Purpose of, and
the attached Appendix either is no
Co., Inc. ............................. 084–05819 Statutory Basis for, the Proposed Rule
longer in existence or has ceased doing
Superior Stock Transfer, Inc. 084–06121 Change
business as a transfer agent.
Thermal Energy Storage Inc. 084–01300
It is therefore ordered pursuant to U.S. Stock Transfer Corp. .... 084–06293 In its filing with the Commission, the
Section 17A(c)(4)(B) of the Act that the U.S. Trust & Transfer Co. .... 084–05663 self-regulatory organization included
registration as a transfer agent of each of Valley Forge Management statements concerning the purpose of,
the transfer agents whose name appears Corp .................................. 084–00012 and basis for, the proposed rule change
in the attached Appendix be and hereby Wall Street Stock Transfer and discussed any comments it received
is cancelled. Corporation ....................... 084–06246 on the proposed rule change. The text
of those statements may be examined at
[FR Doc. 2018–12157 Filed 6–5–18; 8:45 am] the places specified in Item IV below.
daltland on DSKBBV9HB2PROD with NOTICES
BILLING CODE P The Exchange has prepared summaries,
set forth in sections A, B, and C below,
of the most significant parts of such
statements.
1 15 U.S.C. 78s(b)(1).
3 Id. 4 17 CFR 200.30–3(a)(22). 2 17 CFR 240.19b–4.
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![Federal Register / Vol. 83, No. 109 / Wednesday, June 6, 2018 / Notices 26335
participants concurrent with the re- filing also will be available for Archipelago Securities LLC (‘‘Arca
launch of the Exchange. inspection and copying at the principal Securities’’) would function as a routing
At any time within 60 days of the office of the Exchange. All comments broker for the Exchange’s affiliate, NYSE
filing of such proposed rule change, the received will be posted without change. National. The proposed rule change is
Commission summarily may Persons submitting comments are available on the Exchange’s website at
temporarily suspend such rule change if cautioned that we do not redact or edit www.nyse.com, at the principal office of
it appears to the Commission that such personal identifying information from the Exchange, and at the Commission’s
action is necessary or appropriate in the comment submissions. You should Public Reference Room.
public interest, for the protection of submit only information that you wish
investors, or otherwise in furtherance of to make available publicly. All II. Self-Regulatory Organization’s
the purposes of the Act. If the submissions should refer to File Statement of the Purpose of, and
Commission takes such action, the Number SR–NYSENAT–2018–09 and Statutory Basis for, the Proposed Rule
Commission shall institute proceedings should be submitted on or before June Change
under Section 19(b)(2)(B) of the Act 21 to 27, 2018. In its filing with the Commission, the
determine whether the proposed rule For the Commission, by the Division of self-regulatory organization included
change should be approved or Trading and Markets, pursuant to delegated statements concerning the purpose of,
disapproved. authority.22 and basis for, the proposed rule change
IV. Solicitation of Comments Eduardo A. Aleman, and discussed any comments it received
Assistant Secretary. on the proposed rule change. The text
Interested persons are invited to
submit written data, views, and [FR Doc. 2018–12110 Filed 6–5–18; 8:45 am] of those statements may be examined at
arguments concerning the foregoing, BILLING CODE 8011–01–P the places specified in Item IV below.
including whether the proposed rule The Exchange has prepared summaries,
change is consistent with the Act. set forth in sections A, B, and C below,
SECURITIES AND EXCHANGE of the most significant parts of such
Comments may be submitted by any of COMMISSION
the following methods: statements.
[Release No. 34–83356; File No. SR–NYSE– A. Self-Regulatory Organization’s
Electronic Comments 2018–25] Statement of the Purpose of, and
• Use the Commission’s internet Statutory Basis for, the Proposed Rule
comment form (http://www.sec.gov/ Self-Regulatory Organizations; New
Change
rules/sro.shtml); or York Stock Exchange LLC; Notice of
• Send an email to rule-comments@ Filing and Immediate Effectiveness of 1. Purpose
sec.gov. Please include File Number SR– Proposed Rule Change To Amend Rule
NYSENAT–2018–09 on the subject line. 7.37 and Rule 17 With Respect to NYSE The Exchange proposes to update and
National’s Reopening of Trading and amend the table in Rule 7.37 that sets
Paper Comments Reactivating Connection to the forth on a market-by-market basis the
• Send paper comments in triplicate Securities Information Processors specific network processor and
to Brent J. Fields, Secretary, Securities proprietary data feeds that the Exchange
and Exchange Commission, 100 F Street May 31, 2018. utilizes for the handling, execution and
NE, Washington, DC 20549–1090. Pursuant to Section 19(b)(1) 1 of the routing of orders, and for performing the
Securities Exchange Act of 1934 (the regulatory compliance checks related to
All submissions should refer to File
‘‘Act’’) 2 and Rule 19b–4 thereunder,3 each of those functions. Specifically, the
Number SR–NYSENAT–2018–09. This
notice is hereby given that on May 18, table would be amended to include
file number should be included on the
2018, New York Stock Exchange LLC NYSE National, which intends to
subject line if email is used. To help the
(‘‘NYSE’’ or the ‘‘Exchange’’) filed with reopen trading and reactivate its
Commission process and review your
the Securities and Exchange connections to the securities
comments more efficiently, please use
Commission (‘‘Commission’’) the information processors (‘‘SIPs’’). To
only one method. The Commission will
proposed rule change as described in reflect that, the Exchange proposes to
post all comments on the Commission’s
Items I and II below, which Items have amend Rule 7.37 to specify which data
internet website (http://www.sec.gov/
been prepared by the self-regulatory feeds the Exchange would use for NYSE
rules/sro.shtml). Copies of the
organization. The Commission is National. As proposed, the Exchange
submission, all subsequent
publishing this notice to solicit would use the direct data feeds for
amendments, all written statements
comments on the proposed rule change NYSE National and would use the SIP
with respect to the proposed rule
from interested persons. data feeds as a secondary source.
change that are filed with the
Commission, and all written I. Self-Regulatory Organization’s Additionally, the Exchange proposes
communications relating to the Statement of the Terms of the Substance to amend Rule 17 to reflect that Arca
proposed rule change between the of the Proposed Rule Change Securities would function as a routing
Commission and any person, other than The Exchange proposes to: (1) Amend broker for the Exchange’s affiliate, NYSE
those that may be withheld from the Rule 7.37 to specify in Exchange rules National. Specifically, the Exchange
public in accordance with the the Exchange’s use of data feeds from proposes to amend Rule 17(c)(2)(A) and
provisions of 5 U.S.C. 552, will be NYSE National, Inc. (‘‘NYSE National’’) (B) to reference NYSE National as an
available for website viewing and for order handling and execution, order affiliate of the Exchange for the
daltland on DSKBBV9HB2PROD with NOTICES
printing in the Commission’s Public routing, and regulatory compliance; and purposes of the inbound routing
Reference Room, 100 F Street NE, (2) amend Rule 17 to reflect that function performed by Arca Securities.
Washington, DC 20549 on official The proposed rule change would
business days between the hours of 22 17 CFR 200.30–3(a)(12). provide more clarity and transparency
10:00 a.m. and 3:00 p.m. Copies of the 1 15 U.S.C. 78s(b)(1). to all the functions that Arca Securities
2 15 U.S.C. 78a. performs on behalf of the Exchange and
21 15 U.S.C. 78s(b)(2)(B). 3 17 CFR 240.19b–4. its affiliates, which now includes NYSE
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Document Created: 2018-06-06 00:53:49
Document Modified: 2018-06-06 00:53:49
| 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 26332 |
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