Sunshine Act Cancellation Notice-OPIC'S March 8, 2017 Annual Public Hearing, 12374 [2017-04180]
Download as PDF
<![CDATA[
12374
Federal Register / Vol. 82, No. 40 / Thursday, March 2, 2017 / Notices
rescheduling would result in a major
inconvenience.
If attending this meeting, please enter
through the One White Flint North
building, 11555 Rockville Pike,
Rockville, Maryland. After registering
with Security, please contact Mr.
Theron Brown (Telephone 240–888–
9835) to be escorted to the meeting
room.
Dated: February 22, 2017.
Mark L. Banks,
Chief, Technical Support Branch, Advisory
Committee on Reactor Safeguards.
BILLING CODE 7590–01–P
OVERSEAS PRIVATE INVESTMENT
CORPORATION
Sunshine Act Cancellation Notice—
OPIC’S March 8, 2017 Annual Public
Hearing
OPIC’s Sunshine Act notice of its
Annual Public Hearing was published
in the Federal Register (82 FR 3819–
3820) on January 12, 2017. No requests
were received to provide testimony or
submit written statements for the
record; therefore, OPIC’s Annual Public
Hearing scheduled for 1 p.m., March 8,
2017 has been cancelled.
CONTACT PERSON FOR INFORMATION:
Information on the hearing cancellation
may be obtained from Catherine F.I.
Andrade at (202) 336–8768, or via email
at Catherine.Andrade@opic.gov.
Dated: February 27, 2017.
Catherine F.I. Andrade,
OPIC Corporate Secretary.
[FR Doc. 2017–04180 Filed 2–28–17; 4:15 pm]
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–80106; File No. SR–
ISEGemini–2017–07]
Self-Regulatory Organizations; ISE
Gemini, LLC; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change Regarding Cancel and
Replace Orders
sradovich on DSK3GMQ082PROD with NOTICES
February 24, 2017.
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 February
24, 2017, ISE Gemini, LLC (‘‘ISE
Gemini’’ or ‘‘Exchange’’) filed with the
U.S.C. 78s(b)(1).
CFR 240.19b–4.
VerDate Sep<11>2014
16:13 Mar 01, 2017
Jkt 241001
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
BILLING CODE 3210–01–P
2 17
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to define the
manner in which cancel and replace
orders will be handled with the
transition of the Exchange’s technology
migration to INET.
The text of the proposed rule change
is available on the Exchange’s Web site
at www.ise.com, at the principal office
of the Exchange, and at the
Commission’s Public Reference Room.
[FR Doc. 2017–04008 Filed 3–1–17; 8:45 am]
1 15
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.
The Exchange is proposing to amend
Supplementary Material .02 to Rule 715
to memorialize the manner in which the
trading system will handle cancel and
replace orders in connection with the
Exchange’s technology migration to
INET.
By way of background with respect to
cancel and replace orders, a Member has
the option of either sending in a cancel
order and then separately sending in a
new order which serves as a
replacement of the original order (two
separate messages) or sending a single
cancel and replace order in one message
(‘‘Cancel and Replace Order’’). Sending
in a cancel order and then separately
sending in a new order will not retain
the priority of the original order on the
current ISE Gemini system and on the
INET system.
Today, ISE Gemini does not treat all
Cancel and Replace Orders as new
PO 00000
Frm 00040
Fmt 4703
Sfmt 4703
orders. For example, a Cancel and
Replace Order which reduced the size of
the original order from 600 to 300
contracts would not be treated as a new
order. A new order would be subject to
price or other reasonability checks,3
which this order today on ISE Gemini
would not be subject to as a result of
decreasing the size of the order. This
order would continue to retain its time
priority in the system.
With the migration to INET, a Cancel
and Replace Order will result in the
original order being cancelled, provided
the original order was not already filled
partially or in its entirety.4 A Cancel and
Replace Order which reduced the size of
the original order from 600 to 300
contracts would be treated as a new
order and receive a price or other
reasonability check on INET. This order
would also retain its time priority in
INET. With INET all Cancel and Replace
Orders would receive price or other
reasonability checks as a result of being
viewed as new orders as compared to
the manner in which these orders are
treated on ISE Gemini today. Both in
ISE Gemini today and in the INET
system, the replacement order will
retain time [sic] the priority of the
cancelled order, if the order posts to the
Order Book,5 provided the price is not
amended, the size is not increased 6 or
in the case of Reserve Orders, size is not
changed.7 The manner in which ISE
Gemini treats priority with respect to
Cancel and Replace Orders is not
changing, but simply being
memorialized. With respect to Reserve
Orders, any change in size will result in
the original order becoming a new order
and receiving a new timestamp, which
impacts priority.
Implementation
The Exchange intends to begin
implementation of the proposed rule
change in Q1 2017. The migration will
be on a symbol by symbol basis, and the
Exchange will issue an alert to members
in the form of an Options Trader Alert
3 Price or other reasonability checks consider the
current market at the time of the Cancel and
Replace Order.
4 For example, in both the current ISE Gemini
system and INET, the original order is automatically
canceled or reduced by the number of contracts that
were executed depending on the volume of the
original order that was filled.
5 During an exposure period a Cancel and Replace
Order will retain priority if the order posts to the
Order Book, provided price is not changed, size is
not increased or, for a Reserve Order, size is not
changed.
6 Decrementing the volume will not result in a
change in priority, as is the case today with ISE
Gemini.
7 A Reserve Order is a limit order that contains
both a displayed portion and a non-displayed
portion. See ISE Gemini Rule 715(g).
E:\FR\FM\02MRN1.SGM
02MRN1
]]>Agencies
[Federal Register Volume 82, Number 40 (Thursday, March 2, 2017)]
[Notices]
[Page 12374]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-04180]
=======================================================================
-----------------------------------------------------------------------
OVERSEAS PRIVATE INVESTMENT CORPORATION
Sunshine Act Cancellation Notice--OPIC'S March 8, 2017 Annual
Public Hearing
OPIC's Sunshine Act notice of its Annual Public Hearing was
published in the Federal Register (82 FR 3819-3820) on January 12,
2017. No requests were received to provide testimony or submit written
statements for the record; therefore, OPIC's Annual Public Hearing
scheduled for 1 p.m., March 8, 2017 has been cancelled.
Contact Person for Information: Information on the hearing
cancellation may be obtained from Catherine F.I. Andrade at (202) 336-
8768, or via email at Catherine.Andrade@opic.gov.
Dated: February 27, 2017.
Catherine F.I. Andrade,
OPIC Corporate Secretary.
[FR Doc. 2017-04180 Filed 2-28-17; 4:15 pm]
BILLING CODE 3210-01-P
