83 FR 34630 - Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Related to Fees for Use on Cboe EDGA Exchange, Inc.
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 140 (July 20, 2018)
Federal Register Volume 83, Issue 140 (July 20, 2018)
| Page Range | 34630-34632 | |
| FR Document | 2018-15505 |
[Federal Register Volume 83, Number 140 (Friday, July 20, 2018)] [Notices] [Pages 34630-34632] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-15505] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-83643; File No. SR-CboeEDGA-2018-012] Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Related to Fees for Use on Cboe EDGA Exchange, Inc. July 16, 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 July 2, 2018, Cboe EDGA Exchange, Inc. (``Exchange'' or ``EDGA'') filed with the Securities and Exchange Commission (``Commission'') the proposed rule change as described in Items I, II and III below, which Items have been prepared by the Exchange. The Exchange has designated the proposed rule change as one establishing or changing a member due, fee, or other charge imposed by the Exchange under Section 19(b)(3)(A)(ii) of the Act \3\ and Rule 19b-4(f)(2) thereunder,\4\ which renders the proposed rule change effective upon filing with the Commission. 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. \3\ 15 U.S.C. 78s(b)(3)(A)(ii). \4\ 17 CFR 240.19b-4(f)(2). --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange filed a proposal to amend the fee schedule applicable to Members \5\ and non-Members of the Exchange pursuant to EDGA Rules 15.1(a) and (c). --------------------------------------------------------------------------- \5\ The term ``Member'' is defined as ``any registered broker or dealer that has been admitted to membership in the Exchange.'' See Exchange Rule 1.5(n). --------------------------------------------------------------------------- The text of the proposed rule change is available at the Exchange's website at www.markets.cboe.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 parts 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 its fee schedule to (i) amend its pricing model, (ii) eliminate Add Volume Tier 1 and (iii) amend certain routing fees, effective July 2, 2018. Currently, the Exchange utilizes a low pricing model under which it charges a low fee or provides the execution free of charge. The Exchange proposes to amend its fee schedule to replace its current low pricing model to an inverted pricing model under which the Exchange will charge a fee to add liquidity and provide a rebate to remove liquidity. Displayed Order Fee Change In securities priced at or above $1.00, the Exchange currently charges a fee of $0.00030 per share for Displayed orders that add or remove liquidity. The Exchange proposes to assess a standard rate of $0.00080 per share for Displayed orders that add liquidity for securities at or above $1.00 that are appended with fee codes B, V, Y, 3 or 4. The Exchange also proposes to provide a rebate of $0.00040 per share for orders that remove liquidity for securities at or above $1.00 that are appended with fee codes N, W, 6, or BB. All Displayed orders in securities priced below $1.00 would continue to be free. Non-Displayed Order Fee Change In securities priced at or above $1.00, the Exchange currently charges a fee of $0.00050 per share for Non-Displayed orders that remove liquidity other than orders that yield fee code DT and DR (i.e., orders that yield fee codes HR, MT, PT). The Exchange notes that it does not assess a fee or provide a rebate for Non-Displayed orders that remove liquidity using Midpoint Discretionary Orders within discretionary range and yield fee code DT. The Exchange does assess a fee of $0.00030 for Non-Displayed orders that remove liquidity using MidPoint Discretionary Orders that are not within discretionary range and yield fee code DR. The Exchange does not currently assess a fee or provide a rebate for Non-Displayed orders that add liquidity other than orders that yield fee code DA (i.e., orders that yield fee codes DM, HA, MM, RP, PA). The Exchange does assess a fee of $0.00030 per share for Non- [[Page 34631]] Displayed orders that add liquidity using Midpoint Discretionary orders not within dictionary range and yield fee code DA. In connection with its proposal to implement an inverted pricing model, and to simplify its fee schedule, the Exchange now proposes to provide a rebate of $0.00040 per share to all Non-Displayed orders in securities priced above $1.00 that remove liquidity and to charge $0.00080 per share to all Non-Displayed orders that add liquidity. The Exchange does not propose to amend the fees charged for Non-Displayed orders in securities priced below $1.00. Additionally, in light of the change in pricing model, the Exchange does not wish to maintain Add Volume Tier 1 and accordingly proposes to eliminate it from the fee schedule. The Exchange next proposes to amend certain routing fees. Particularly, for securities at or above $1.00, the Exchange proposes to amend routing fees for the following orders: (i) Routed orders, pre and post market, which yield fee code 7 and are charged $0.00270 per share, (ii) routed orders to EDGX, which yield fee code I and are charged $0.00290 per share; (iii) routed orders, which yield fee code X and are charged $0.00290 per share; (iv) routed orders using ROUX routing strategy, which yield fee code RX and are charged $0.00280 per share and (v) routed orders using ROUT routing strategy, which yield fee code RT and are charged $0.00260 per share. The Exchange is proposing to amend those rates as follows: (i) the fee for routed orders, pre and post market, which yield fee code 7, would be increased to $0.00300 per share; (ii) the fee for routed orders to EDGX, which yield fee code I, would be increased to $0.00300 per share; (iii) the fee for routed orders, which yield fee code X, would be increased to $0.00300 per share; (iv) the fee for routed orders using ROUX routing strategy, which yield fee code RX, would be increased to $0.00290 per share and (v) the fee for routed orders using ROUT routing strategy, which yield fee code RT, would be increased to $0.00280 per share. The Exchange notes that the proposed amounts are in line with amounts assessed for similar transaction on other exchanges.\6\ --------------------------------------------------------------------------- \6\ See e.g., Cboe EDGX U.S. Securities Fee Schedule, Fee Codes and Associated Fees. See also NYSE National, Inc. Schedule of Fees and Rebates, Section II, Routing Fees. --------------------------------------------------------------------------- 2. Statutory Basis The Exchange believes that the proposed rule change is consistent with the objectives of Section 6 of the Act,\7\ in general, and furthers the objectives of Section 6(b)(4),\8\ in particular, as it is designed to provide for the equitable allocation of reasonable dues, fees and other charges among its Members and other persons using its facilities. --------------------------------------------------------------------------- \7\ 15 U.S.C. 78f. \8\ 15 U.S.C. 78f(b)(4). --------------------------------------------------------------------------- The Exchange believes its proposal to replace its current low fee model with a taker-maker pricing model where it would charge a fee for adding liquidity and provide a rebate for removing liquidity is equitable and reasonable as it would serve to simplify its fee schedule to provide a standard rate for orders that add liquidity and a standard rebate for orders that remove liquidity, while also eliminating its pricing incentive under Add Volume Tier 1. The proposed fee structure provides a simple and straightforward model that would treat Displayed and Non-Displayed orders equally. The Exchange believes providing rebates for orders removing liquidity is reasonable, equitable and not unfairly discriminatory because it provides an incentive to bring additional liquidity to the Exchange, thereby promoting price discovery and enhancing order execution opportunities for Members. The Exchange believes that assessing fees for orders that add liquidity is reasonable, equitable and not unfairly discriminatory because the Exchange must balance the cost of credits for orders that remove liquidity. The Exchange believes the proposed changes are equitable and not unfairly discriminatory because they apply equally to all members. The Exchange also notes that other exchanges utilize taker-maker pricing models and notes that the proposed fees and rebates are in line with the fees and rebates assessed on other exchanges for similar transactions.\9\ --------------------------------------------------------------------------- \9\ See e.g., Cboe BYX U.S. Equities Fee Schedule, Standard Rates, for transactions that add and remove liquidity. See also NYSE National, Inc. Schedule of Fees and Rebates, Section I.A General Rates, for transaction fees for adding liquidity. --------------------------------------------------------------------------- The elimination of Add Volume Tier 1 is also equitable and reasonable because it would aid in simplifying the fee schedule and result in all Members being charged the same rates for all transactions regardless of their monthly volumes. The proposed change also applies to all Members. The Exchange lastly believes its proposed changes relating to certain routing fees are reasonable taking into account routing costs and also notes that the proposed changes are in line with amounts assessed by other exchanges.\10\ The Exchange believes the proposed changes to its routing fees are equitable and not unfairly discriminatory because the proposed changes apply equally to all Members. The Exchange notes that routing through the Exchange is voluntary and also notes that it operates in a highly competitive market in which market participants can readily direct order flow to competing venues or providers of routing services if they deem fee levels to be excessive. --------------------------------------------------------------------------- \10\ See e.g., Cboe EDGX U.S. Securities Fee Schedule, Fee Codes and Associated Fees. See also NYSE National, Inc. Schedule of Fees and Rebates, Section II, Routing Fees. --------------------------------------------------------------------------- (B) Self-Regulatory Organization's Statement on Burden on Competition This proposed rule change does not impose any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act. The Exchange does not believe that this change represents a significant departure from previous pricing offered by the Exchange's competitors. The proposed rates and rebates would apply uniformly to all Members, and Members may opt to disfavor the Exchange's pricing if they believe that alternatives offer them better value. Accordingly, the Exchange does not believe that the proposed changes will impair the ability of Members or competing venues to maintain their competitive standing in the financial markets. Further, excessive fees would serve to impair an exchange's ability to compete for order flow and members rather than burdening competition. The Exchange believes that its proposal would not burden intramarket competition because the proposed rate would apply uniformly to all Members. (C) Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants or Others The Exchange has not solicited, and does not intend to solicit, comments on this proposed rule change. The Exchange has not received any written comments from members or other interested parties. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The foregoing rule change has become effective pursuant to Section 19(b)(3)(A) of the Act \11\ and paragraph (f) of Rule 19b-4 thereunder.\12\ 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 [[Page 34632]] investors, or otherwise in furtherance of the purposes of the Act. --------------------------------------------------------------------------- \11\ 15 U.S.C. 78s(b)(3)(A). \12\ 17 CFR 240.19b-4(f). --------------------------------------------------------------------------- IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: Electronic CommentsUse the Commission's internet comment form (http://www.sec.gov/rules/sro.shtml); or Send an email to rule-comments@sec.gov. Please include File Number SR-CboeEDGA-2018-012 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-CboeEDGA-2018-012. 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-CboeEDGA-2018-012 and should be submitted on or before August 10, 2018. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\13\ --------------------------------------------------------------------------- \13\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018-15505 Filed 7-19-18; 8:45 am] BILLING CODE 8011-01-P
![34630 Federal Register / Vol. 83, No. 140 / Friday, July 20, 2018 / Notices
Paper Comments SECURITIES AND EXCHANGE Exchange has prepared summaries, set
COMMISSION forth in Sections A, B, and C below, of
• Send paper comments in triplicate the most significant parts of such
to Secretary, Securities and Exchange [Release No. 34–83643; File No. SR-
CboeEDGA–2018–012]
statements.
Commission, 100 F Street NE,
Washington, DC 20549–1090. (A) Self-Regulatory Organization’s
Self-Regulatory Organizations; Cboe Statement of the Purpose of, and
All submissions should refer to File EDGA Exchange, Inc.; Notice of Filing Statutory Basis for, the Proposed Rule
Number SR–ISE–2018–61. This file and Immediate Effectiveness of a Change
number should be included on the Proposed Rule Change Related to Fees
for Use on Cboe EDGA Exchange, Inc. 1. Purpose
subject line if email is used. To help the
Commission process and review your July 16, 2018. The Exchange proposes to amend its
comments more efficiently, please use Pursuant to Section 19(b)(1) of the fee schedule to (i) amend its pricing
only one method. The Commission will Securities Exchange Act of 1934 model, (ii) eliminate Add Volume Tier
post all comments on the Commission’s (‘‘Act’’),1 and Rule 19b–4 thereunder,2 1 and (iii) amend certain routing fees,
internet website (http://www.sec.gov/ notice is hereby given that on July 2, effective July 2, 2018.
rules/sro.shtml). Copies of the 2018, Cboe EDGA Exchange, Inc. Currently, the Exchange utilizes a low
submission, all subsequent (‘‘Exchange’’ or ‘‘EDGA’’) filed with the pricing model under which it charges a
amendments, all written statements Securities and Exchange Commission low fee or provides the execution free of
with respect to the proposed rule (‘‘Commission’’) the proposed rule charge. The Exchange proposes to
change as described in Items I, II and III amend its fee schedule to replace its
change that are filed with the
below, which Items have been prepared current low pricing model to an
Commission, and all written
by the Exchange. The Exchange has inverted pricing model under which the
communications relating to the Exchange will charge a fee to add
proposed rule change between the designated the proposed rule change as
one establishing or changing a member liquidity and provide a rebate to remove
Commission and any person, other than liquidity.
those that may be withheld from the due, fee, or other charge imposed by the
public in accordance with the Exchange under Section 19(b)(3)(A)(ii) Displayed Order Fee Change
provisions of 5 U.S.C. 552, will be of the Act 3 and Rule 19b–4(f)(2)
thereunder,4 which renders the In securities priced at or above $1.00,
available for website viewing and the Exchange currently charges a fee of
proposed rule change effective upon
printing in the Commission’s Public $0.00030 per share for Displayed orders
filing with the Commission. The
Reference Room, 100 F Street NE, Commission is publishing this notice to that add or remove liquidity. The
Washington, DC 20549, on official solicit comments on the proposed rule Exchange proposes to assess a standard
business days between the hours of change from interested persons. rate of $0.00080 per share for Displayed
10:00 a.m. and 3:00 p.m. Copies of the orders that add liquidity for securities at
filing also will be available for I. Self-Regulatory Organization’s or above $1.00 that are appended with
inspection and copying at the principal Statement of the Terms of Substance of fee codes B, V, Y, 3 or 4. The Exchange
office of the Exchange. All comments the Proposed Rule Change also proposes to provide a rebate of
received will be posted without change. The Exchange filed a proposal to $0.00040 per share for orders that
Persons submitting comments are amend the fee schedule applicable to remove liquidity for securities at or
cautioned that we do not redact or edit Members 5 and non-Members of the above $1.00 that are appended with fee
personal identifying information from Exchange pursuant to EDGA Rules codes N, W, 6, or BB. All Displayed
comment submissions. You should 15.1(a) and (c). orders in securities priced below $1.00
The text of the proposed rule change would continue to be free.
submit only information that you wish
to make available publicly. All is available at the Exchange’s website at Non-Displayed Order Fee Change
submissions should refer to File www.markets.cboe.com, at the principal
office of the Exchange, and at the In securities priced at or above $1.00,
Number SR–ISE–2018–61 and should be the Exchange currently charges a fee of
Commission’s Public Reference Room.
submitted on or before August 10, 2018. $0.00050 per share for Non-Displayed
For the Commission, by the Division of II. Self-Regulatory Organization’s orders that remove liquidity other than
Trading and Markets, pursuant to delegated Statement of the Purpose of, and orders that yield fee code DT and DR
authority.32 Statutory Basis for, the Proposed Rule (i.e., orders that yield fee codes HR, MT,
Change PT). The Exchange notes that it does not
Eduardo A. Aleman,
Assistant Secretary. In its filing with the Commission, the assess a fee or provide a rebate for Non-
Exchange included statements Displayed orders that remove liquidity
[FR Doc. 2018–15503 Filed 7–19–18; 8:45 am]
concerning the purpose of and basis for using Midpoint Discretionary Orders
BILLING CODE 8011–01–P within discretionary range and yield fee
the proposed rule change and discussed
any comments it received on the code DT. The Exchange does assess a fee
proposed rule change. The text of these of $0.00030 for Non-Displayed orders
statements may be examined at the that remove liquidity using MidPoint
places specified in Item IV below. The Discretionary Orders that are not within
discretionary range and yield fee code
daltland on DSKBBV9HB2PROD with NOTICES
1 15
U.S.C. 78s(b)(1). DR. The Exchange does not currently
2 17
CFR 240.19b–4. assess a fee or provide a rebate for Non-
3 15 U.S.C. 78s(b)(3)(A)(ii).
Displayed orders that add liquidity
4 17 CFR 240.19b–4(f)(2).
5 The term ‘‘Member’’ is defined as ‘‘any
other than orders that yield fee code DA
registered broker or dealer that has been admitted
(i.e., orders that yield fee codes DM, HA,
to membership in the Exchange.’’ See Exchange MM, RP, PA). The Exchange does assess
32 17 CFR 200.30–3(a)(12). Rule 1.5(n). a fee of $0.00030 per share for Non-
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![34632 Federal Register / Vol. 83, No. 140 / Friday, July 20, 2018 / Notices
investors, or otherwise in furtherance of For the Commission, by the Division of A. Self-Regulatory Organization’s
the purposes of the Act. Trading and Markets, pursuant to delegated Statement of the Purpose of, and
authority.13 Statutory Basis for, the Proposed Rule
IV. Solicitation of Comments Eduardo A. Aleman, Change
Interested persons are invited to Assistant Secretary.
1. Purpose
submit written data, views, and [FR Doc. 2018–15505 Filed 7–19–18; 8:45 am]
arguments concerning the foregoing, BILLING CODE 8011–01–P MRX proposes to amend Rule 723,
including whether the proposed rule entitled ‘‘Price Improvement
change is consistent with the Act. Mechanism for Crossing Transactions.’’
Comments may be submitted by any of SECURITIES AND EXCHANGE Specifically, the Exchange proposes to
the following methods: COMMISSION amend Rule 723(c)(2) to expand the
Electronic Comments [Release No. 34–83646; File No. SR–MRX– types of Improvement Orders 3 that may
2018–24] be entered into the Price Improvement
• Use the Commission’s internet Mechanism or ‘‘PIM.’’ The Exchange
comment form (http://www.sec.gov/ Self-Regulatory Organizations; Nasdaq also proposes to amend Rule 723(d)(1)–
rules/sro.shtml); or MRX, LLC; Notice of Filing and (3) to more specifically clarify terms
• Send an email to rule-comments@ Immediate Effectiveness of Proposed such as ‘‘orders’’ and ‘‘responses’’ in
sec.gov. Please include File Number SR– Rule Change to Amend MRX Rule 723 that section.
CboeEDGA–2018–012 on the subject July 16, 2018, Background
line. Pursuant to Section 19(b)(1) of the
Paper Comments Securities Exchange Act of 1934 (the The Exchange adopted PIM as part of
‘‘Act’’),1 and Rule 19b–4 thereunder,2 its application to be registered as a
• Send paper comments in triplicate notice is hereby given that on July 5, national securities exchange.4 In
to Secretary, Securities and Exchange 2018, Nasdaq MRX, LLC (‘‘MRX’’ or approving PIM, the Commission noted
Commission, 100 F Street NE, ‘‘Exchange’’) filed with the Securities that it was largely based on a similar
Washington, DC 20549–1090. and Exchange Commission (‘‘SEC’’ or functionality offered by the
All submissions should refer to File ‘‘Commission’’) the proposed rule International Securities Exchange, LLC
Number SR-CboeEDGA–2018–012. This change as described in Items I and II (now Nasdaq ISE, LLC) (‘‘ISE’’).5 ISE
file number should be included on the below, which Items have been prepared received approval to establish its PIM in
subject line if email is used. To help the by the Exchange. The Commission is 2004 that would allow an ISE Electronic
Commission process and review your publishing this notice to solicit Access Member (‘‘EAM’’) to enter
comments more efficiently, please use comments on the proposed rule change matched trades (‘‘Crossing
only one method. The Commission will from interested persons. Transactions’’).6 As noted in the
post all comments on the Commission’s Adopting Filing, a Crossing Transaction
I. Self-Regulatory Organization’s would be comprised of an order that the
internet website (http://www.sec.gov/ Statement of the Terms of Substance of
rules/sro.shtml). Copies of the EAM represents as agent (‘‘Agency
the Proposed Rule Change Order’’) and an order that is executable
submission, all subsequent
amendments, all written statements The Exchange proposes to amend against the Agency Order for the full
with respect to the proposed rule MRX Rule 723, entitled ‘‘Price size of the Agency Order (the ‘‘Counter-
change that are filed with the Improvement Mechanism for Crossing Side Order’’).7 In the Adopting Filing,
Commission, and all written Transactions.’’ ISE specified in Rule 723(c)(2) that
communications relating to the The text of the proposed rule change Improvement Orders may be for the
proposed rule change between the is available on the Exchange’s website at account of a Public Customer or for the
Commission and any person, other than http://nasdaqmrx.cchwallstreet.com/, at Member’s own account.8 The Adopting
those that may be withheld from the the principal office of the Exchange, and Filing noted that ISE would broadcast
public in accordance with the at the Commission’s Public Reference
provisions of 5 U.S.C. 552, will be Room. 3 Rule 723(c)(1) defines an Improvement Order.
The Exchange will designate via circular a time of
available for website viewing and II. Self-Regulatory Organization’s no less than 100 milliseconds and no more than 1
printing in the Commission’s Public Statement of the Purpose of, and second for Members to indicate the size and price
Reference Room, 100 F Street NE, Statutory Basis for, the Proposed Rule at which they want to participate in the execution
Washington, DC 20549, on official of the Agency Order (‘‘Improvement Orders’’).
Change 4 See Securities Exchange Act Release No. 76998
business days between the hours of
In its filing with the Commission, the (January 29, 2016), 81 FR 6066 (February 4, 2016)
10:00 a.m. and 3:00 p.m. Copies of the (File No. 10–221) (Exchange Approval Order).The
Exchange included statements
filing also will be available for Exchange subsequently changed its name to ISE
concerning the purpose of and basis for Mercury and then later Nasdaq MRX.
inspection and copying at the principal
the proposed rule change and discussed 5 Id.
office of the Exchange. All comments
any comments it received on the 6 See Securities Exchange Act Release No. 50819
received will be posted without change.
proposed rule change. The text of these (December 8, 2004), 69 FR 75093 (December 15,
Persons submitting comments are 2004) (SR–ISE–2003–06) (Order Granting Approval
statements may be examined at the
cautioned that we do not redact or edit of Proposed Rule Change and Amendment No. 1
places specified in Item IV below. The Thereto and Notice of Filing and Order Granting
personal identifying information from
Exchange has prepared summaries, set
daltland on DSKBBV9HB2PROD with NOTICES
Accelerated Approval to Amendments No. 2 and 3
comment submissions. You should
forth in sections A, B, and C below, of Thereto by the International Securities Exchange,
submit only information that you wish Inc. To Establish Rules Implementing a Price
the most significant aspects of such
to make available publicly. All Improvement Mechanism) (‘‘Adopting Filing’’).
statements.
submissions should refer to File 7 The Counter-Side Order may represent interest
Number SR–CboeEDGA–2018–012 and for the EAM’s own account, or interest the EAM has
13 17 CFR 200.30–3(a)(12). solicited from one or more other parties, or a
should be submitted on or before 1 15 U.S.C. 78s(b)(1). combination of both.
August 10, 2018. 2 17 CFR 240.19b–4. 8 Id.
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Document Created: 2018-07-20 01:18:50
Document Modified: 2018-07-20 01:18:50
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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