83 FR 26715 - Self-Regulatory Organizations; Nasdaq MRX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend and Reorganize Specific Chapters in the Schedule of Fees
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 111 (June 8, 2018)
Federal Register Volume 83, Issue 111 (June 8, 2018)
| Page Range | 26715-26717 | |
| FR Document | 2018-12320 |
[Federal Register Volume 83, Number 111 (Friday, June 8, 2018)] [Notices] [Pages 26715-26717] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-12320] [[Page 26715]] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-83368; File No. SR-MRX-2018-17] Self-Regulatory Organizations; Nasdaq MRX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend and Reorganize Specific Chapters in the Schedule of Fees June 4, 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 May 22, 2018, Nasdaq MRX, LLC (``MRX'' 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 and reorganize Chapters II, IV, V, and VI of the MRX Schedule of Fees. The text of the proposed rule change is available on the Exchange's website at http://nasdaqmrx.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 Exchange proposes to amend Chapters II, IV, V, and VI of the MRX Schedule of Fees to: (i) Eliminate the Table of Contents; (ii) remove the INET Port Fees from Chapter II, Part B; (iii) adopt a new Chapter IV, entitled ``Ports and Other Services'' and amend and reorganize the current port fees; (iv) adopt a new Chapter V, entitled ``Market Data'' and list all the market data feeds; and (v) renumber Chapter IV, entitled ``Connectivity Fees.'' Each change will be described in more detail below. The Exchange believes that the proposed amendments to the Schedule of Fees will provide more clarity as to the current fees. The Exchange notes that no fee changes are being introduced in this rule change. The Exchange is simply reorganizing its rules to conform to other Nasdaq affiliate markets by aligning the location and description of its rules on each market. Table of Contents The Exchange proposes to eliminate the Table of Contents in the MRX Schedule of Fees. The Table of Contents are unnecessary. The website where the MRX rules are listed \3\ contains hyperlinks and a skeleton of the available rules within the site and enables market participants to view all rules in that section. --------------------------------------------------------------------------- \3\ MRX rules are located at: http://nasdaqmrx.cchwallstreet.com/. --------------------------------------------------------------------------- INET Port Fees The Exchange currently lists all INET Port Fees within Chapter II, Part C. The Exchange proposes to delete this rule text and relocate it to proposed new Chapter IV and entitle that chapter as ``Ports and Other Services.'' The Exchange believes that this title more accurately describes the types of fees contained in this chapter. The Exchange proposes to restructure the port fees. First, the Exchange proposes to add language at the beginning of this new chapter to state, ``The below charges are assessed by MRX for connectivity to MRX.'' The Exchange believes that this sentence makes clear that the fees apply to MRX. The Exchange proposes to define a port as ``a logical connection or session that enables a market participant to send inbound messages and/or receive outbound messages from the Exchange using various communication protocols.'' The Exchange believes this definition will assist members in distinguishing ports from other offerings. The Exchange proposes to restructure the port fees into 4 categories. The Exchange proposes to list order and quote protocols first, order and execution offerings next, followed by data ports and other ports as the last section. The Exchange proposes to list data offerings that are offered at no cost. The Exchange believes that aligning its offerings, where relevant, with other affiliated markets \4\ will provide more transparency as to the offerings for market participants. --------------------------------------------------------------------------- \4\ The Exchange offers various services across its 6 affiliated options markets, MRX, Nasdaq PHLX LLC, Nasdaq BX, Inc., The Nasdaq Options Market LLC, Nasdaq GEMX, LLC, and Nasdaq ISE, LLC (``Nasdaq Affiliated Markets''). --------------------------------------------------------------------------- The Exchange proposes to add a new section (i) and include the following introductory sentence, ``The following order and quote protocols are available on MRX.'' The Exchange proposes to list the order entry protocol port fees for FIX, SQF, SQF Purge Port and OTTO in this section. The fees are not being amended, the existing fees are being relocated into new section (i). The Exchange proposes to add a new section (ii) and include the following introductory sentence, ``The following order and execution information is available to Members.'' The Exchange intends to list other port or interface information into this section that are available to MRX Members. The Exchange is relocating the CTI and FIX DROP port fees. No changes are being made to those fees. The Exchange also proposes to list TradeInfo MRX Interface into this section. The Exchange has recently filed to establish this Interface within the MRX rules.\5\ The Exchange proposes to note this interface is available on MRX at no cost. --------------------------------------------------------------------------- \5\ See SR-MRX-2018-16 (not yet published). --------------------------------------------------------------------------- The Exchange proposes to add a new section (iii) and include the following language, ``The following data port fees apply in connection with data subscriptions pursuant to MRX Rules at Chapter V. These ports are available to non-MRX Members and MRX Members.'' Today, MRX does not assess a fee for these ports outlined in new section (iii). Similar to other Nasdaq Affiliated Markets the Exchange proposes to list all of the ports that Members and Non-Members obtain today at no cost. The Exchange believes that listing these ports in addition to the data subscriptions will bring more transparency to the Schedule of Fees. The Exchange proposes to add a new section (iv) entitled ``Other ports'' and relocate the Disaster Recovery Ports into this section. The Exchange also proposes to make clear that a Disaster Recovery Port is available for any port listed in proposed sections (i)-(iii). Market Data The Exchange proposes to adopt a new Chapter V and entitle this section Market Data. Today, MRX does not assess fees for Market Data. The [[Page 26716]] Exchange proposes to list its Market Data within Chapter V and note that there is no cost. The Exchange's Market Data fees are listed in Rule 718. The Exchange has listed these feeds within Chapter V to bring more transparency to the Schedule of Fees. Finally, the Exchange proposes to renumber Chapter IV, Connectivity Fees as new Chapter VI to account for the two new chapters proposed for the Rulebook. 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''),\6\ in general, and furthers the objectives of Section 6(b)(5) of the Act,\7\ 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 as to the ports offered on MRX. --------------------------------------------------------------------------- \6\ 15 U.S.C. 78f(b). \7\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- The Exchange's proposal to remove the Table of Contents, relocate the INET Fees, retitle and restructure those fees and adopt a new Market Data section at Chapter V are administrative. These changes are consistent with the protection of investor and the public interest because the amendments are intended to bring greater clarity to the Rulebook. The Exchange's proposal to reorganize the port fees into sections and include pricing for ports that are offered at no cost is also consistent with the protection of investor and the public interest because it will bring greater transparency to the Exchange's current offerings. The Exchange's proposal to display the various market data within newly proposed Chapter V will also bring greater transparency to the Exchange's current offerings. B. Self-Regulatory Organization's Statement on Burden on Competition In accordance with Section 6(b)(8) of the Act,\8\ 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 Exchange's proposal does not impose an undue burden on competition, rather the Exchange is seeking to provide greater transparency within its rules with respect to the various ports and market data offered on MRX. --------------------------------------------------------------------------- \8\ 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 \9\ and subparagraph (f)(6) of Rule 19b-4 thereunder.\10\ --------------------------------------------------------------------------- \9\ 15 U.S.C. 78s(b)(3)(A)(iii). \10\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6) requires a self-regulatory organization to give the Commission written notice of its intent to file the proposed rule change 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) \11\ normally does not become operative prior to 30 days after the date of the filing. However, Rule 19b-4(f)(6)(iii) \12\ 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 proposed rule change may become effective and operative immediately upon filing. The Exchange states that it believes the waiver will further the protection of investors and the public interest because it will provide greater transparency as to various ports available to market participants. The Exchange further states that the proposed rule change will bring greater clarity to the Schedule of Fees. 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 30-day operative delay and designates the proposed rule change as operative upon filing.\13\ --------------------------------------------------------------------------- \11\ 17 CFR 240.19b-4(f)(6). \12\ 17 CFR 240.19b-4(f)(6)(iii). \13\ 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 [email protected]. Please include File Number SR-MRX-2018-17 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-MRX-2018-17. 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 [[Page 26717]] 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-MRX-2018-17 and should be submitted on or before June 29, 2018. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\14\ --------------------------------------------------------------------------- \14\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018-12320 Filed 6-7-18; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 83, No. 111 / Friday, June 8, 2018 / Notices 26715
SECURITIES AND EXCHANGE Table of Contents; (ii) remove the INET data offerings that are offered at no cost.
COMMISSION Port Fees from Chapter II, Part B; (iii) The Exchange believes that aligning its
adopt a new Chapter IV, entitled ‘‘Ports offerings, where relevant, with other
[Release No. 34–83368; File No. SR–MRX–
2018–17]
and Other Services’’ and amend and affiliated markets 4 will provide more
reorganize the current port fees; (iv) transparency as to the offerings for
Self-Regulatory Organizations; Nasdaq adopt a new Chapter V, entitled ‘‘Market market participants.
MRX, LLC; Notice of Filing and Data’’ and list all the market data feeds; The Exchange proposes to add a new
Immediate Effectiveness of Proposed and (v) renumber Chapter IV, entitled section (i) and include the following
Rule Change To Amend and ‘‘Connectivity Fees.’’ Each change will introductory sentence, ‘‘The following
Reorganize Specific Chapters in the be described in more detail below. The order and quote protocols are available
Schedule of Fees Exchange believes that the proposed on MRX.’’ The Exchange proposes to list
amendments to the Schedule of Fees the order entry protocol port fees for
June 4, 2018. will provide more clarity as to the FIX, SQF, SQF Purge Port and OTTO in
Pursuant to Section 19(b)(1) of the current fees. The Exchange notes that no this section. The fees are not being
Securities Exchange Act of 1934 fee changes are being introduced in this amended, the existing fees are being
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 rule change. The Exchange is simply relocated into new section (i).
notice is hereby given that on May 22, reorganizing its rules to conform to The Exchange proposes to add a new
2018, Nasdaq MRX, LLC (‘‘MRX’’ or other Nasdaq affiliate markets by section (ii) and include the following
‘‘Exchange’’) filed with the Securities aligning the location and description of introductory sentence, ‘‘The following
and Exchange Commission its rules on each market. order and execution information is
(‘‘Commission’’) the proposed rule available to Members.’’ The Exchange
change as described in Items I and II Table of Contents intends to list other port or interface
below, which Items have been prepared The Exchange proposes to eliminate information into this section that are
by the Exchange. The Commission is the Table of Contents in the MRX available to MRX Members. The
publishing this notice to solicit Schedule of Fees. The Table of Contents Exchange is relocating the CTI and FIX
comments on the proposed rule change are unnecessary. The website where the DROP port fees. No changes are being
from interested persons. MRX rules are listed 3 contains made to those fees. The Exchange also
hyperlinks and a skeleton of the proposes to list TradeInfo MRX Interface
I. Self-Regulatory Organization’s
available rules within the site and into this section. The Exchange has
Statement of the Terms of Substance of
enables market participants to view all recently filed to establish this Interface
the Proposed Rule Change
rules in that section. within the MRX rules.5 The Exchange
The Exchange proposes to amend and proposes to note this interface is
reorganize Chapters II, IV, V, and VI of INET Port Fees available on MRX at no cost.
the MRX Schedule of Fees. The Exchange currently lists all INET The Exchange proposes to add a new
The text of the proposed rule change Port Fees within Chapter II, Part C. The section (iii) and include the following
is available on the Exchange’s website at Exchange proposes to delete this rule language, ‘‘The following data port fees
http://nasdaqmrx.cchwallstreet.com/, at text and relocate it to proposed new apply in connection with data
the principal office of the Exchange, and Chapter IV and entitle that chapter as subscriptions pursuant to MRX Rules at
at the Commission’s Public Reference ‘‘Ports and Other Services.’’ The Chapter V. These ports are available to
Room. Exchange believes that this title more non-MRX Members and MRX
II. Self-Regulatory Organization’s accurately describes the types of fees Members.’’ Today, MRX does not assess
Statement of the Purpose of, and contained in this chapter. The Exchange a fee for these ports outlined in new
Statutory Basis for, the Proposed Rule proposes to restructure the port fees. section (iii). Similar to other Nasdaq
Change First, the Exchange proposes to add Affiliated Markets the Exchange
language at the beginning of this new proposes to list all of the ports that
In its filing with the Commission, the Members and Non-Members obtain
chapter to state, ‘‘The below charges are
Exchange included statements today at no cost. The Exchange believes
assessed by MRX for connectivity to
concerning the purpose of and basis for that listing these ports in addition to the
MRX.’’ The Exchange believes that this
the proposed rule change and discussed data subscriptions will bring more
sentence makes clear that the fees apply
any comments it received on the transparency to the Schedule of Fees.
to MRX. The Exchange proposes to
proposed rule change. The text of these The Exchange proposes to add a new
define a port as ‘‘a logical connection or
statements may be examined at the section (iv) entitled ‘‘Other ports’’ and
session that enables a market participant
places specified in Item IV below. The relocate the Disaster Recovery Ports into
to send inbound messages and/or
Exchange has prepared summaries, set this section. The Exchange also
receive outbound messages from the
forth in sections A, B, and C below, of proposes to make clear that a Disaster
Exchange using various communication
the most significant aspects of such Recovery Port is available for any port
protocols.’’ The Exchange believes this
statements. listed in proposed sections (i)–(iii).
definition will assist members in
A. Self-Regulatory Organization’s distinguishing ports from other Market Data
Statement of the Purpose of, and offerings.
Statutory Basis for, the Proposed Rule The Exchange proposes to restructure The Exchange proposes to adopt a
Change the port fees into 4 categories. The new Chapter V and entitle this section
Exchange proposes to list order and Market Data. Today, MRX does not
amozie on DSK3GDR082PROD with NOTICES1
1. Purpose quote protocols first, order and assess fees for Market Data. The
The Exchange proposes to amend execution offerings next, followed by
4 The Exchange offers various services across its
Chapters II, IV, V, and VI of the MRX data ports and other ports as the last 6 affiliated options markets, MRX, Nasdaq PHLX
Schedule of Fees to: (i) Eliminate the section. The Exchange proposes to list LLC, Nasdaq BX, Inc., The Nasdaq Options Market
LLC, Nasdaq GEMX, LLC, and Nasdaq ISE, LLC
1 15 U.S.C. 78s(b)(1). 3 MRX rules are located at: http:// (‘‘Nasdaq Affiliated Markets’’).
2 17 CFR 240.19b–4. nasdaqmrx.cchwallstreet.com/. 5 See SR–MRX–2018–16 (not yet published).
VerDate Sep<11>2014 16:53 Jun 07, 2018 Jkt 241001 PO 00000 Frm 00075 Fmt 4703 Sfmt 4703 E:\FR\FM\08JNN1.SGM 08JNN1](https://thefederalregister.org/doc/83_FR_26826/page/1.svg)
![Federal Register / Vol. 83, No. 111 / Friday, June 8, 2018 / Notices 26717
personal identifying information from the proposed rule change and discussed types of orders that are aggregated to
comment submissions. You should any comments it received on the conform the rule text.
submit only information that you wish proposed rule change. The text of these
MRX Rule 718(b)
to make available publicly. All statements may be examined at the
submissions should refer to File places specified in Item IV below. The The Exchange proposes to adopt a
Number SR–MRX–2018–17 and should Exchange has prepared summaries, set new MRX Rule 718(b) and memorialize
be submitted on or before June 29, 2018. forth in sections A, B, and C below, of the following order and execution
the most significant aspects of such information which was discussed in
For the Commission, by the Division of
Trading and Markets, pursuant to delegated statements. other rule filings by the Exchange: (i)
authority.14 Clearing Trade Information or ‘‘CTI’’;
A. Self-Regulatory Organization’s and (ii) FIX DROP.6 The Exchange is
Eduardo A. Aleman, Statement of the Purpose of, and also adding a description for TradeInfo.
Assistant Secretary. Statutory Basis for, the Proposed Rule The TradeInfo user interface is being
[FR Doc. 2018–12320 Filed 6–7–18; 8:45 am] Change offered today on MRX at no cost.
BILLING CODE 8011–01–P The Exchange notes that while CTI
1. Purpose
and FIX Drop information are accessible
The Exchange proposes to add order through a port, TradeInfo is an interface.
SECURITIES AND EXCHANGE and execution information into MRX The Exchange notes this distinction to
COMMISSION Rule 718, entitled ‘‘Data Feeds.’’ The make clear the manner of delivery for
[Release No. 34–83366; File No. SR–MRX– Exchange proposes to rename this rule each of these information types.
2018–16] ‘‘Data Feeds and Trade Information.’’
The Exchange also proposes to amend CTI
Self-Regulatory Organizations; Nasdaq Rule 100 to add definitions. The Exchange stated in its Prior Filing
MRX, LLC; Notice of Filing and that ‘‘CTI is a real-time clearing trade
Immediate Effectiveness of Proposed MRX Rule 718(a)
message that is sent to a Member after
Rule Change To Memorialize Order and The Exchange proposes to amend the an execution has occurred and contains
Execution Information Into MRX Rule Nasdaq MRX Top Quote Feed. The trade details. The message containing
718 Exchange stated in that description that the trade details is also simultaneously
June 4, 2018. this feed calculates and disseminates sent to The Options Clearing
MRX’s best bid and offer position, with Corporation. The information includes,
Pursuant to Section 19(b)(1) of the
aggregated size (including total size in among other things, the following: (i)
Securities Exchange Act of 1934
aggregate, for Public Customer 3 size in The Clearing Member Trade Agreement
(‘‘Act’’),1 and Rule 19b–4 thereunder,2
the aggregate and Priority Customer 4 or ‘‘CMTA’’ or The Options Clearing
notice is hereby given that on May 23,
size in the aggregate), based on Corporation or ‘‘OCC’’ number; (ii)
2018, Nasdaq MRX, LLC (‘‘MRX’’ or
displayable order and quote interest in Exchange badge or house number; (iii)
‘‘Exchange’’) filed with the Securities
the System. The Exchange proposes to the Exchange internal firm identifier;
and Exchange Commission
amend this rule text to instead provide, and (iv) an indicator which will
(‘‘Commission’’) the proposed rule
‘‘this feed calculates and disseminates distinguish electronic and non-
change as described in Items I and II
MRX’s best bid and offer position, with electronically delivered orders; (v)
below, which Items have been prepared
aggregated size (including total size in liquidity indicators and transaction type
by the Exchange. The Commission is
aggregate, for Professional Order 5 size for billing purposes; (vi) capacity.’’ 7
publishing this notice to solicit
in the aggregate and Priority Customer The Exchange is proposing to amend
comments on the proposed rule change
Order size in the aggregate), based on the CTI description and memorialize it
from interested persons.
displayable order and quote interest in within MRX Rule 718(b)(1). The
I. Self-Regulatory Organization’s the System.’’ The Exchange intended to Exchange proposes to eliminate the
Statement of the Terms of Substance of specify that Professional Orders and sentence which states, ‘‘The message
the Proposed Rule Change Priority Customer Orders are segregated containing the trade details is also
The Exchange proposes to and aggregated. The Public Customer simultaneously sent to The Options
memorialize its order and execution definition is too broad because it Clearing Corporation.’’ The Exchange’s
information into MRX Rule 718, entitled includes a portion of Priority Customer, System sends clearing information to
‘‘Data Feeds.’’ which was already specified within the OCC for each transaction. This sentence
The text of the proposed rule change description. The Exchange proposes to does not add information that is useful
is available on the Exchange’s website at remove Public Customer and replace it or relevant and therefore the Exchange
http://nasdaqmrx.cchwallstreet.com/, at with Professional Order to be more proposes to remove it. The Exchange
the principal office of the Exchange, and specific and amend Priority Customer to also proposes to delete the words ‘‘an
at the Commission’s Public Reference Priority Customer Order to reference the indicator which will distinguish
Room. electronic and non-electronically
3 The term ‘‘Public Customer’’ means a person or delivered orders.’’ The only method on
II. Self-Regulatory Organization’s entity that is not a broker or dealer in securities. See MRX to deliver an order is
Statement of the Purpose of, and Rule 100(a)(44). electronically.
Statutory Basis for, the Proposed Rule 4 The term ‘‘Priority Customer’’ means a person
The Exchange proposes to adopt new
Change or entity that (i) is not a broker or dealer in
definitions for ‘‘account number,’’ 8
amozie on DSK3GDR082PROD with NOTICES1
securities, and (ii) does not place more than 390
In its filing with the Commission, the orders in listed options per day on average during
6 See Securities Exchange Act Release No. 81312
Exchange included statements a calendar month for its own beneficial account(s).
See 100(a)(41A). The term ‘‘Priority Customer (August 3, 2017), 82 FR 37253 (August 3, 2017)
concerning the purpose of and basis for Order’’ means an order for the account of a Priority (SR–MRX–2017–13) (‘‘Prior Filing’’).
Customer. See Rule 100(a)(43A). 7 See note 3 above.
14 17 CFR 200.30–3(a)(12). 5 The term ‘‘Professional Order’’ means an order 8 An ‘‘account number’’ shall mean a number
1 15 U.S.C. 78s(b)(1). that is for the account of a person or entity that is assigned to a Member. Members may have more
2 17 CFR 240.19b–4. not a Priority Customer. See Rule 100(a)(43C). Continued
VerDate Sep<11>2014 16:53 Jun 07, 2018 Jkt 241001 PO 00000 Frm 00077 Fmt 4703 Sfmt 4703 E:\FR\FM\08JNN1.SGM 08JNN1](https://thefederalregister.org/doc/83_FR_26826/page/3.svg)
Document Created: 2018-06-08 01:22:48
Document Modified: 2018-06-08 01:22:48
| 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 26715 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR