83 FR 37569 - Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Withdrawal of Proposed Rule Change To Amend Rule 4702(b)(14) To Establish a Price Improvement Only Variation on the Midpoint Extended Life Order

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 148 (August 1, 2018)

[Federal Register Volume 83, Number 148 (Wednesday, August 1, 2018)]
[Notices]
[Pages 37569-37570]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-16425]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-83721; File No. SR-NASDAQ-2018-038]


Self-Regulatory Organizations; The Nasdaq Stock Market LLC; 
Notice of Withdrawal of Proposed Rule Change To Amend Rule 4702(b)(14) 
To Establish a Price Improvement Only Variation on the Midpoint 
Extended Life Order

July 26, 2018.
    On May 4, 2018, The Nasdaq Stock Market LLC (``Nasdaq'' or 
``Exchange'') filed with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 19(b)(1) of the Securities 
Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ a 
proposed rule change to establish a price improvement only variation on 
the Midpoint Extended Life Order. The proposed rule change was 
published for comment in the Federal Register on May 23, 2018.\3\ On 
July 5, 2018, pursuant to Section 19(b)(2) of the Act,\4\ the 
Commission designated a longer period within which to approve the 
proposed rule change, disapprove the proposed rule change, or institute 
proceedings to determine whether to approve or disapprove the proposed 
rule change.\5\ The Commission received one comment letter on the 
proposed rule change \6\ and one response letter from the Exchange.\7\ 
On July 23, 2018, the Exchange withdrew

[[Page 37570]]

the proposed rule change (SR-NASDAQ-2018-038).
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 83272 (May 17, 
2018), 83 FR 23978.
    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 83595, 83 FR 32158 
(July 11, 2018). The Commission designated August 21, 2018 as the 
date by which the Commission shall approve or disapprove, or 
institute proceedings to determine whether to approve or disapprove, 
the proposed rule change.
    \6\ See Letter to Brent J. Fields, Secretary, Commission, from 
Sal Arnuk and Joe Saluzzi, Partners, Co-Founders, and Co-Heads of 
Equity Trading, Themis Trading LLC, dated June 12, 2018.
    \7\ See Letter to Brent J. Fields, Secretary, Commission, from 
Brett M. Kitt, Senior Associate General Counsel, Nasdaq, dated July 
10, 2018.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\8\
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2018-16425 Filed 7-31-18; 8:45 am]
 BILLING CODE 8011-01-P