Self-Regulatory Organizations; American Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to Extension of the iShares® Russell 2000® Index Fund Option Pilot Program Until January 18, 2008, 40907-40908 [E7-14312]
Download as PDF
Federal Register / Vol. 72, No. 142 / Wednesday, July 25, 2007 / Notices
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–56090; File No. SR–Amex–
2007–73]
Self-Regulatory Organizations;
American Stock Exchange LLC; Notice
of Filing and Immediate Effectiveness
of a Proposed Rule Change Relating to
Extension of the iShares Russell
2000 Index Fund Option Pilot
Program Until January 18, 2008
July 18, 2007.
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 11,
2007, the American Stock Exchange LLC
(‘‘Amex’’ 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
substantially prepared by Amex. The
Exchange has filed the proposal
pursuant to Section 19(b)(3)(A) of the
Act 3 and Rule 19b–4(f)(6) thereunder,4
which renders the proposal effective
upon filing with the Commission. The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to extend the
existing pilot program that increases the
position and exercise limits for options
on the iSharesRussell 2000Index
Fund (‘‘IWM’’) traded on the Exchange
(‘‘IWM Pilot Program’’). The text of the
proposed rule change is available at
Amex, the Commission’s Public
Reference Room, and http://
www.amex.com.
rwilkins on PROD1PC63 with NOTICES
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission,
Amex 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. Amex has prepared
summaries, set forth in Sections A, B,
and C below, of the most significant
aspects of such statements.
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A).
4 17 CFR 240.19b–4(f)(6).
2 17
VerDate Aug<31>2005
19:31 Jul 24, 2007
Jkt 211001
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange proposes to extend the
IWM Pilot Program and to make nonsubstantive changes to simplify the rule
text describing the IWM Pilot Program.
The IWM Pilot Program will allow
position and exercise limits for options
on IWM to remain at 500,000 contracts
on a pilot basis, for an additional sixmonth period through January 18,
2008.5
The Exchange established the IWM
Pilot Program in January 2007.6 As
noted in that filing, in June 2005, as a
result of a 2-for-1 stock split, the
position limit for IWM options was
temporarily increased from 250,000
contracts (covering 25,000,000 shares) to
500,000 contracts (covering 50,000,000
shares). At the time of the split, the
furthest IWM option expiration date was
January 2007. Therefore, the temporary
increase of the IWM position limit
would have reverted to the pre-split
level (as provided for in connection
with the Rule 904 Pilot Program) of
250,000 contracts after expiration in
January 2007, or on January 22, 2007.7
The Exchange continues to believe
that a position limit of 250,000 contracts
is too low and may be a deterrent to the
successful trading of IWM options.
Importantly, options on IWM are 1⁄10th
the size of options on the Russell
2000Index (‘‘RUT’’), which have a
position limit of 50,000 contracts.8
Traders who trade IWM options to
hedge positions in RUT options are
likely to find a position limit of 250,000
contracts in IWM options too restrictive
and insufficient to properly hedge. For
example, if a trader held 50,000 RUT
options and wanted to hedge that
position with IWM options, the trader
would need—at a minimum—500,000
IWM options to properly hedge the
position. Therefore, the Exchange
continues to believe that a position limit
of 250,000 contracts is too low and may
adversely affect market participants’
5 January 18, 2008 is the third Friday of the
month (or expiration Friday), which is the day on
which the January 2008 IWM options will expire.
6 See Securities Exchange Act Release No. 55163
(January 24, 2007), 72 FR 4547 (January 31, 2007).
7 See Amex Information Circular #05–0397.
8 See Amex Rule 904C; see also Securities
Exchange Act Release Nos. 45236 (January 2, 2002),
67 FR 1378 (January 10, 2002) (increase of position
and exercise limits to 300,000 for QQQ options);
and 51043 (January 14, 2005), 70 FR 3402 (January
24, 2005) (accelerated approval granted to increase
position and exercise limits for options on Standard
and Poor’s Depositary Receiptsfrom 75,000 to
300,000).
PO 00000
Frm 00083
Fmt 4703
Sfmt 4703
40907
ability to provide liquidity in this
product.
As the Exchange also described in the
proposal that established the IWM Pilot
Program, IWM options have grown to
become one of the largest options
contracts in terms of trading volume.
For example, through July 9, 2007, yearto-date industry volume in IWM options
has averaged over 513,344 contracts per
day, for a total of 61,167,982 million
contracts. In addition, through July 9,
2007, Amex volume in IWM options has
averaged 25,852 contracts per day for a
total of 3,231,466 contracts.
As a result, the Exchange proposes
that options on IWM continue to be
subject to position and exercise limits of
500,000 contracts on a pilot basis to run
through January 18, 2008.9 The
Exchange believes that maintaining the
increased position and exercise limits
for IWM options will lead to a more
liquid and more competitive market
environment for IWM options that will
benefit customers interested in this
product.
The Exchange will require that each
member or member organization that
maintains a position on the same side of
the market in excess of 10,000 contracts
in the IWM option class, for its own
account or for the account of a customer
report certain information.10 This data
would include, but would not be
limited to, the option position, whether
such position is hedged and if so, a
description of the hedge and if
applicable, the collateral used to carry
the position. Exchange Registered
Options Traders and specialists would
continue to be exempt from this
reporting requirement as market-maker
information can be accessed through the
Exchange’s market surveillance systems.
In addition, the general reporting
requirement for customer accounts that
maintain a position in excess of 200
contracts will remain at this level for
IWM options.11
2. Statutory Basis
The Exchange believes that the
proposed rule change is consistent with
and furthers the objectives of Section
6(b)(5) of the Act,12 in that it is designed
to promote just and equitable principles
of trade, to remove impediments to and
perfect the mechanism of a free and
9 Pursuant to Amex Rule 905, the exercise limit
established for IWM options shall be equivalent to
the position limit prescribed for IWM options in
Commentary .07 to Amex Rule 904. The increased
exercise limits would only be in effect during the
pilot period, to run from June 22, 2007 through
January 18, 2008.
10 See Amex Rule 906(b).
11 See Amex Rule 906(a).
12 15 U.S.C. 78f(b)(5).
E:\FR\FM\25JYN1.SGM
25JYN1
40908
Federal Register / Vol. 72, No. 142 / Wednesday, July 25, 2007 / Notices
open market and a national market
system, and, in general, to protect
investors and the public interest.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
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.
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
Because the forgoing rule change does
not: (1) Significantly affect the
protection of investors or the public
interest; (2) impose any significant
burden on competition; and (3) become
operative for 30 days after the date of
this filing, or such shorter time as the
Commission may designate, it has
become effective pursuant to Section
19(b)(3)(A) of the Act13 and Rule 19b–
4(f)(6) thereunder.14
A proposed rule change filed under
19b–4(f)(6) normally may not become
operative prior to 30 days after the date
of filing.15 However, Rule 19b–
4(f)(6)(iii) 16 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 requested that the
Commission waive the 30-day operative
delay. The Commission believes that
waiving the 30-day operative delay is
consistent with the protection of
investors and the public interest
because such waiver would permit
position and exercise limits for options
on IWM to continue at 500,000 option
contracts for a six-month pilot period.
For this reason, the Commission
designates the proposed rule change to
be operative upon filing with the
Commission.17
13 15
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(6).
15 17 CFR 240.19b–4(f)(6)(iii). In addition, Rule
19b–4(f)(6)(iii) requires that a self-regulatory
organization submit to 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 designated by the
Commission. The Exchange has satisfied the fiveday pre-filing notice requirement.
16 Id.
17 For the purposes only of waiving the 30-day
operative delay, the Commission has considered the
rwilkins on PROD1PC63 with NOTICES
14 17
VerDate Aug<31>2005
19:31 Jul 24, 2007
Jkt 211001
At any time within 60 days of the
filing of such proposed rule change the
Commission may summarily abrogate
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.
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 Comments
• Use the Commission’s Internet
comment form (http://www.sec.gov/
rules/sro.shtml); or
• Send an e-mail to rulecomments@sec.gov. Please include File
Number SR–Amex–2007–73 on the
subject line.
Paper Comments
• Send paper comments in triplicate
to Nancy M. Morris, Secretary,
Securities and Exchange Commission,
100 F Street, NE., Washington, DC
20549–1090.
All submissions should refer to File
Number SR–Amex–2007–73. This file
number should be included on the
subject line if e-mail 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 Web site (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 inspection and copying in
the Commission’s Public Reference
Room, 100 F Street, NE., Washington,
DC 20549, on official business days
between the hours of 10 a.m. and 3 p.m.
Copies of the filing also will be available
for inspection and copying at the
principal office of Amex. All comments
received will be posted without change;
the Commission does not edit personal
identifying information from
submissions. You should submit only
information that you wish to make
available publicly. All submissions
should refer to File Number SR–Amex–
2007–73 and should be submitted on or
before August 15, 2007.
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.18
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–14312 Filed 7–24–07; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–56102; File No. SR–Amex–
2007–64]
Self-Regulatory Organizations;
American Stock Exchange LLC; Notice
of Filing and Order Granting
Accelerated Approval of Proposed
Rule Change Relating to an Extension
of the Linkage Fee Pilot Program
July 19, 2007.
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 June 27,
2007, the American Stock Exchange LLC
(‘‘Amex’’ 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
substantially prepared by the Exchange.
This order provides notice of the
proposed rule change and approves the
proposed rule change on an accelerated
basis.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to extend for
one year, until July 31, 2008, the current
pilot program regarding transaction fees
for trades executed through the
intermarket options linkage (the
‘‘Linkage’’) on the Exchange. The text of
the proposed rule change is available at
the Exchange, the Commission’s Public
Reference Room, and
http://www.amex.com.
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,
18 17
proposed rule’s impact on efficiency, competition,
and capital formation. See 15 U.S.C. 78c(f).
PO 00000
Frm 00084
Fmt 4703
Sfmt 4703
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15
E:\FR\FM\25JYN1.SGM
25JYN1
Agencies
[Federal Register Volume 72, Number 142 (Wednesday, July 25, 2007)]
[Notices]
[Pages 40907-40908]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-14312]
[[Page 40907]]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-56090; File No. SR-Amex-2007-73]
Self-Regulatory Organizations; American Stock Exchange LLC;
Notice of Filing and Immediate Effectiveness of a Proposed Rule Change
Relating to Extension of the iShares[supreg] Russell 2000[supreg] Index
Fund Option Pilot Program Until January 18, 2008
July 18, 2007.
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 11, 2007, the American Stock Exchange LLC (``Amex'' 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 substantially prepared by Amex. The
Exchange has filed the proposal pursuant to Section 19(b)(3)(A) of the
Act \3\ and Rule 19b-4(f)(6) thereunder,\4\ which renders the proposal
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).
\4\ 17 CFR 240.19b-4(f)(6).
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The Exchange proposes to extend the existing pilot program that
increases the position and exercise limits for options on the
iShares[supreg]Russell 2000[supreg]Index Fund (``IWM'') traded on the
Exchange (``IWM Pilot Program''). The text of the proposed rule change
is available at Amex, the Commission's Public Reference Room, and
http://www.amex.com.
II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
In its filing with the Commission, Amex 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. Amex 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 extend the IWM Pilot Program and to make
non-substantive changes to simplify the rule text describing the IWM
Pilot Program. The IWM Pilot Program will allow position and exercise
limits for options on IWM to remain at 500,000 contracts on a pilot
basis, for an additional six-month period through January 18, 2008.\5\
---------------------------------------------------------------------------
\5\ January 18, 2008 is the third Friday of the month (or
expiration Friday), which is the day on which the January 2008 IWM
options will expire.
---------------------------------------------------------------------------
The Exchange established the IWM Pilot Program in January 2007.\6\
As noted in that filing, in June 2005, as a result of a 2-for-1 stock
split, the position limit for IWM options was temporarily increased
from 250,000 contracts (covering 25,000,000 shares) to 500,000
contracts (covering 50,000,000 shares). At the time of the split, the
furthest IWM option expiration date was January 2007. Therefore, the
temporary increase of the IWM position limit would have reverted to the
pre-split level (as provided for in connection with the Rule 904 Pilot
Program) of 250,000 contracts after expiration in January 2007, or on
January 22, 2007.\7\
---------------------------------------------------------------------------
\6\ See Securities Exchange Act Release No. 55163 (January 24,
2007), 72 FR 4547 (January 31, 2007).
\7 \ See Amex Information Circular 05-0397.
---------------------------------------------------------------------------
The Exchange continues to believe that a position limit of 250,000
contracts is too low and may be a deterrent to the successful trading
of IWM options. Importantly, options on IWM are \1/10\th the size of
options on the Russell 2000[supreg]Index (``RUT''), which have a
position limit of 50,000 contracts.\8\ Traders who trade IWM options to
hedge positions in RUT options are likely to find a position limit of
250,000 contracts in IWM options too restrictive and insufficient to
properly hedge. For example, if a trader held 50,000 RUT options and
wanted to hedge that position with IWM options, the trader would need--
at a minimum--500,000 IWM options to properly hedge the position.
Therefore, the Exchange continues to believe that a position limit of
250,000 contracts is too low and may adversely affect market
participants' ability to provide liquidity in this product.
---------------------------------------------------------------------------
\8\ See Amex Rule 904C; see also Securities Exchange Act Release
Nos. 45236 (January 2, 2002), 67 FR 1378 (January 10, 2002)
(increase of position and exercise limits to 300,000 for QQQ
options); and 51043 (January 14, 2005), 70 FR 3402 (January 24,
2005) (accelerated approval granted to increase position and
exercise limits for options on Standard and Poor's Depositary
Receipts[supreg]from 75,000 to 300,000).
---------------------------------------------------------------------------
As the Exchange also described in the proposal that established the
IWM Pilot Program, IWM options have grown to become one of the largest
options contracts in terms of trading volume. For example, through July
9, 2007, year-to-date industry volume in IWM options has averaged over
513,344 contracts per day, for a total of 61,167,982 million contracts.
In addition, through July 9, 2007, Amex volume in IWM options has
averaged 25,852 contracts per day for a total of 3,231,466 contracts.
As a result, the Exchange proposes that options on IWM continue to
be subject to position and exercise limits of 500,000 contracts on a
pilot basis to run through January 18, 2008.\9\ The Exchange believes
that maintaining the increased position and exercise limits for IWM
options will lead to a more liquid and more competitive market
environment for IWM options that will benefit customers interested in
this product.
---------------------------------------------------------------------------
\9\ Pursuant to Amex Rule 905, the exercise limit established
for IWM options shall be equivalent to the position limit prescribed
for IWM options in Commentary .07 to Amex Rule 904. The increased
exercise limits would only be in effect during the pilot period, to
run from June 22, 2007 through January 18, 2008.
---------------------------------------------------------------------------
The Exchange will require that each member or member organization
that maintains a position on the same side of the market in excess of
10,000 contracts in the IWM option class, for its own account or for
the account of a customer report certain information.\10\ This data
would include, but would not be limited to, the option position,
whether such position is hedged and if so, a description of the hedge
and if applicable, the collateral used to carry the position. Exchange
Registered Options Traders and specialists would continue to be exempt
from this reporting requirement as market-maker information can be
accessed through the Exchange's market surveillance systems. In
addition, the general reporting requirement for customer accounts that
maintain a position in excess of 200 contracts will remain at this
level for IWM options.\11\
---------------------------------------------------------------------------
\10\ See Amex Rule 906(b).
\11\ See Amex Rule 906(a).
---------------------------------------------------------------------------
2. Statutory Basis
The Exchange believes that the proposed rule change is consistent
with and furthers the objectives of Section 6(b)(5) of the Act,\12\ in
that it is designed to promote just and equitable principles of trade,
to remove impediments to and perfect the mechanism of a free and
[[Page 40908]]
open market and a national market system, and, in general, to protect
investors and the public interest.
---------------------------------------------------------------------------
\12\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
B. Self-Regulatory Organization's Statement on Burden on Competition
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.
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
Because the forgoing rule change does not: (1) Significantly affect
the protection of investors or the public interest; (2) impose any
significant burden on competition; and (3) become operative for 30 days
after the date of this filing, or such shorter time as the Commission
may designate, it has become effective pursuant to Section 19(b)(3)(A)
of the Act\13\ and Rule 19b-4(f)(6) thereunder.\14\
---------------------------------------------------------------------------
\13\ 15 U.S.C. 78s(b)(3)(A).
\14\ 17 CFR 240.19b-4(f)(6).
---------------------------------------------------------------------------
A proposed rule change filed under 19b-4(f)(6) normally may not
become operative prior to 30 days after the date of filing.\15\
However, Rule 19b-4(f)(6)(iii) \16\ 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 requested that the
Commission waive the 30-day operative delay. The Commission believes
that waiving the 30-day operative delay is consistent with the
protection of investors and the public interest because such waiver
would permit position and exercise limits for options on IWM to
continue at 500,000 option contracts for a six-month pilot period. For
this reason, the Commission designates the proposed rule change to be
operative upon filing with the Commission.\17\
---------------------------------------------------------------------------
\15\ 17 CFR 240.19b-4(f)(6)(iii). In addition, Rule 19b-
4(f)(6)(iii) requires that a self-regulatory organization submit to
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 designated by
the Commission. The Exchange has satisfied the five-day pre-filing
notice requirement.
\16\ Id.
\17\ For the purposes only of waiving the 30-day operative
delay, the Commission has 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 such proposed rule
change the Commission may summarily abrogate 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.
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 Comments
Use the Commission's Internet comment form (http://
www.sec.gov/rules/sro.shtml); or
Send an e-mail to rule-comments@sec.gov. Please include
File Number SR-Amex-2007-73 on the subject line.
Paper Comments
Send paper comments in triplicate to Nancy M. Morris,
Secretary, Securities and Exchange Commission, 100 F Street, NE.,
Washington, DC 20549-1090.
All submissions should refer to File Number SR-Amex-2007-73. This file
number should be included on the subject line if e-mail 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 Web site (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 inspection and
copying in the Commission's Public Reference Room, 100 F Street, NE.,
Washington, DC 20549, on official business days between the hours of 10
a.m. and 3 p.m. Copies of the filing also will be available for
inspection and copying at the principal office of Amex. All comments
received will be posted without change; the Commission does not edit
personal identifying information from submissions. You should submit
only information that you wish to make available publicly. All
submissions should refer to File Number SR-Amex-2007-73 and should be
submitted on or before August 15, 2007.
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\18\
---------------------------------------------------------------------------
\18\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-14312 Filed 7-24-07; 8:45 am]
BILLING CODE 8010-01-P