Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Trading Two-Characters Ticker Symbols, 22987-22988 [E8-9188]
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Federal Register / Vol. 73, No. 82 / Monday, April 28, 2008 / Notices
thereto, be, and it hereby is, approved
on an accelerated basis.
and C below, of the most significant
aspects of such statements.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.21
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E8–9187 Filed 4–25–08; 8:45 am]
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
BILLING CODE 8010–01–P
Historically, securities listed on
Nasdaq have traded using four or five
character symbols.5 In 2005, however,
Nasdaq announced its intent to allow
companies listed on Nasdaq to also use
one, two or three character symbols
beginning on January 31, 2007.6 This
announcement was designed to provide
market participants and vendors the
time needed to make required changes
to their own systems that may be
affected by the change. Since February
20, 2007, Nasdaq has had the ability to
accept and distribute Nasdaq-listed
securities with one, two or three
character symbols. Nasdaq reminded
market participants about this change
again on March 1, 2007, stressing that
‘‘[a]ll customers should have completed
their coding and testing efforts to ensure
their readiness to support 1-, 2- and 3character NASDAQ-listed issues’’ 7 and
on March 22, 2007, Delta Financial
Corporation transferred to Nasdaq from
the American Stock Exchange and
maintained its three-character symbol,
DFC.8 Subsequently, the Commission
approved a rule change to permit any
company to transfer from another
exchange to Nasdaq and maintain its
three-character symbols.9 In total, 25
companies have done so and there have
been no trading problems reported to
Nasdaq as a result of trading securities
on Nasdaq with three-character
symbols.
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–57696; File No. SR–
NASDAQ–2008–034]
Self-Regulatory Organizations; The
NASDAQ Stock Market LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change Relating to
Trading Two-Characters Ticker
Symbols
April 22, 2008.
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 April 16,
2008, The NASDAQ Stock Market LLC
(‘‘Nasdaq’’) 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 substantially prepared by
Nasdaq. Nasdaq has filed this proposal
pursuant to Section 19(b)(3)(A) of the
Act 3 and Rule 19b–4(f)(5) 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.
pwalker on PROD1PC71 with NOTICES
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
Nasdaq proposes to trade the common
stock of CA, Inc. on Nasdaq using the
two-character symbol ‘‘CA.’’
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission,
Nasdaq 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. Nasdaq has prepared
summaries, set forth in Sections A, B,
21 17
CFR 200.30–3(a)(12).
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)(5).
1 15
VerDate Aug<31>2005
18:22 Apr 25, 2008
Jkt 214001
1. Purpose
5 This includes securities listed on Nasdaq’s
predecessor market, operated as a facility of the
NASD.
6 See Head Trader Alert 2005-133 (November 14,
2005), available at: https://www.nasdaqtrader.com/
TraderNews.aspx?id=hta2005-133 and Vendor Alert
2005-070 (November 14, 2005), available at: https://
www.nasdaqtrader.com/
TraderNews.aspx?id=nva2005-070. See also Head
Trader Alert 2006-144 (September 29, 2006),
available at: https://www.nasdaqtrader.com/
TraderNews.aspx?id=hta2006–144, Head Trader
Alert 2006-193 (November 16, 2006), available at:
https://www.nasdaqtrader.com/
TraderNews.aspx?id=hta2006-193 and Vendor Alert
2006-065 (October 4, 2006), available at: https://
www.nasdaqtrader.com/
TraderNews.aspx?id=nva2006–065.
7 Head Trader Alert 2007-050 (March 1, 2007),
available at: https://www.nasdaqtrader.com/
TraderNews.aspx?id=hta2007–050.
8 See Securities Exchange Act Release No. 55519
(March 26, 2007) 72 FR 15737 (April 2, 2007) (SR–
NASDAQ–2007–025).
9 See Securities Exchange Act Release No. 56028
(July 9, 2007), 72 FR 38639 (July 13, 2007)
(approving SR–NASDAQ–2007–031).
PO 00000
Frm 00070
Fmt 4703
Sfmt 4703
22987
Nasdaq now proposes to allow CA,
Inc., which currently trades with the
two-character symbol ‘‘CA’’ to transfer
its common stock to Nasdaq from
another domestic market and continue
using that two-character symbol. Nasdaq
believes that allowing this company to
maintain its symbol will reduce investor
confusion and promote competition
among exchanges. Specifically, allowing
CA to maintain its trading symbol will
reduce investor confusion associated
with its transfer to Nasdaq because
investors will continue to be able to
obtain quotations and execute trades
using the same familiar symbol and will
allow the issuer to maintain a symbol
that has become a part of its identity to
investors.10 Nasdaq also notes that the
potential for confusion from a symbol
change could be magnified in this case,
given that the company’s name and
current trading symbol are identical.
Further, Nasdaq believes that permitting
CA to maintain its symbol will enhance
competition among exchanges by
removing concerns about investor
confusion surrounding its symbol from
the factors a company must consider
when choosing where to list its equities.
This proposal is also consistent with the
historical practice of allowing
companies to maintain their symbols
when they switch among national
securities exchanges.11
Given the foregoing, Nasdaq believes
that market participants were provided
adequate notice of this change and are
prepared to accommodate the trading of
this company on Nasdaq using the
symbol CA. Further, Nasdaq believes
that any change to the symbol will cause
confusion among investors and market
participants. As such, Nasdaq proposes
to begin trading the common stock of
CA, Inc. on Nasdaq using the symbol CA
on April 28, 2008. While this filing
relates to the transfer of this issuer,
Nasdaq remains committed to working
with the Commission and other markets
to establish an equitable and transparent
symbol assignment plan.12
10 A market transfer will still be transparent to
investors because, under the Commission’s rules, a
company must announce the transfer of its listing
on a Form 8–K. See Form 8–K, item 3.01(d). In
addition, the issuer must publish notice of its intent
to withdraw a class of securities from listing and/
or registration, along with its reasons for such
withdrawal, via a press release and, if it has a
publicly accessible Web site, on that Web site. See
Rule 12d2–2(c)(2)(iii), 17 CFR 240.12d2–2(c)(2)(iii).
11 See, e.g., Darwin Professional Underwriters,
Inc. (from NYSE Arca to NYSE keeping the symbol
DR), Chile Fund, Inc. (from NYSE to Amex keeping
the symbol CH), and iShares NYSE 100 (from NYSE
to NYSE Arca keeping the symbol NY).
12 See Securities Exchange Act Release No. 56037
(July 10, 2007) 72 FR 39096 (July 17, 2007).
E:\FR\FM\28APN1.SGM
28APN1
22988
Federal Register / Vol. 73, No. 82 / Monday, April 28, 2008 / Notices
2. Statutory Basis
Nasdaq believes that the proposed
rule change is consistent with the
provisions of Section 6 of the Act, in
general and with Section 6(b)(5) of the
Act, in particular, in that it is designed
to prevent fraudulent and manipulative
acts and practices, to promote just and
equitable principles of trade, remove
impediments to a free and open market
and a national market system, and, in
general, to protect investors and the
public interest. As described above, the
proposed rule change will reduce
investor confusion and encourage
competition between national securities
exchanges.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
Nasdaq does not believe that the
proposed rule change will result in any
burden on competition that is not
necessary or appropriate in furtherance
of the purposes of the Act, as amended.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
Written comments were neither
solicited nor received.
pwalker on PROD1PC71 with NOTICES
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 13 and Rule 19b–4(f)(5)
thereunder 14 in that it effects a change
to an order-entry or trading system that:
(i) Does not significantly affect the
protection of investors or the public
interest; (ii) does not impose any
significant burden on competition; and
(iii) does not have the effect of limiting
the access to or availability of the
system. As such, this proposed rule
change is effective upon filing with the
Commission.
At any time within 60 days of the
filing of the 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 (https://www.sec.gov/
rules/sro.shtml); or
• Send an e-mail to rulecomments@sec.gov. Please include File
Number SR–NASDAQ–2008–034 on the
subject line.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.15
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E8–9188 Filed 4–25–08; 8:45 am]
13 15
VerDate Aug<31>2005
18:22 Apr 25, 2008
15 17
Jkt 214001
[Disaster Declaration #11219 and #11220]
Texas Disaster #TX–00280
U.S. Small Business
Administration.
ACTION: Notice.
AGENCY:
SUMMARY: This is a notice of an
Administrative declaration of a disaster
for the State of TEXAS dated 04/18/
2008.
Paper Comments
Incident: Severe Storms and Flooding.
Incident Period: 03/30/2008.
• Send paper comments in triplicate
Effective Date: 04/18/2008.
to Nancy M. Morris, Secretary,
Physical Loan Application Deadline
Securities and Exchange Commission,
Date: 06/17/2008.
100 F Street, NE., Washington, DC
Economic Injury (EIDL) Loan
20549–1090.
Application Deadline Date: 01/20/2009.
All submissions should refer to File
ADDRESSES: Submit completed loan
Number SR–NASDAQ–2008–034. This
applications to: U.S. Small Business
file number should be included on the
Administration, Processing And
subject line if e-mail is used. To help the Disbursement Center, 14925 Kingsport
Commission process and review your
Road, Fort Worth, TX 76155.
comments more efficiently, please use
FOR FURTHER INFORMATION CONTACT: A.
only one method. The Commission will Escobar, Office of Disaster Assistance,
post all comments on the Commission’s U.S. Small Business Administration,
Internet Web site (https://www.sec.gov/
409 3rd Street, SW., Suite 6050,
rules/sro.shtml). Copies of the
Washington, DC 20416.
submission, all subsequent
SUPPLEMENTARY INFORMATION: Notice is
amendments, all written statements
hereby given that as a result of the
with respect to the proposed rule
Administrator’s disaster declaration,
change that are filed with the
applications for disaster loans may be
Commission, and all written
filed at the address listed above or other
communications relating to the
locally announced locations.
proposed rule change between the
The following areas have been
Commission and any person, other than determined to be adversely affected by
those that may be withheld from the
the disaster:
public in accordance with the
Primary Counties: San Augustine.
provisions of 5 U.S.C. 552, will be
Contiguous Counties:
available for inspection and copying in
Texas: Angelina, Jasper, Nacogdoches,
the Commission’s Public Reference
Sabine, Shelby.
Room, 100 F Street, NE., Washington,
The Interest Rates are:
DC 20549, on official business days
between the hours of 10 a.m. and 3 p.m.
Percent
Copies of such filing also will be
available for inspection and copying at
Homeowners With Credit Availthe principal office of the Exchange. All
able Elsewhere .........................
5.500
Homeowners
Without
Credit
comments received will be posted
Available Elsewhere ..................
2.750
without change; the Commission does
Businesses With Credit Available
not edit personal identifying
Elsewhere .................................
8.000
information from submissions. You
Businesses & Small Agricultural
should submit only information that
Cooperatives Without Credit
you wish to make available publicly. All
Available Elsewhere ..................
4.000
submissions should refer to File
Other (Including Non-Profit OrgaNumber SR–NASDAQ–2008–034 and
nizations) With Credit Available
should be submitted on or before May
Elsewhere .................................
5.250
Businesses And Non-Profit Orga19, 2008.
BILLING CODE 8010–01–P
U.S.C. 78s(b)(3)(A).
14 17 CFR 240.19b–4(f)(5).
SMALL BUSINESS ADMINISTRATION
PO 00000
CFR 200.30–3(a)(12).
Frm 00071
Fmt 4703
Sfmt 4703
nizations Without Credit Available Elsewhere .........................
4.000
The number assigned to this disaster
for physical damage is 11219 6 and for
economic injury is 11220 0.
The State which received an EIDL
Declaration # is Texas.
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
E:\FR\FM\28APN1.SGM
28APN1
Agencies
[Federal Register Volume 73, Number 82 (Monday, April 28, 2008)]
[Notices]
[Pages 22987-22988]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-9188]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-57696; File No. SR-NASDAQ-2008-034]
Self-Regulatory Organizations; The NASDAQ Stock Market LLC;
Notice of Filing and Immediate Effectiveness of Proposed Rule Change
Relating to Trading Two-Characters Ticker Symbols
April 22, 2008.
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 April 16, 2008, The NASDAQ Stock Market LLC (``Nasdaq'') 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 substantially prepared by Nasdaq. Nasdaq has filed this
proposal pursuant to Section 19(b)(3)(A) of the Act \3\ and Rule 19b-
4(f)(5) 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)(5).
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
Nasdaq proposes to trade the common stock of CA, Inc. on Nasdaq
using the two-character symbol ``CA.''
II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
In its filing with the Commission, Nasdaq 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. Nasdaq 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
Historically, securities listed on Nasdaq have traded using four or
five character symbols.\5\ In 2005, however, Nasdaq announced its
intent to allow companies listed on Nasdaq to also use one, two or
three character symbols beginning on January 31, 2007.\6\ This
announcement was designed to provide market participants and vendors
the time needed to make required changes to their own systems that may
be affected by the change. Since February 20, 2007, Nasdaq has had the
ability to accept and distribute Nasdaq-listed securities with one, two
or three character symbols. Nasdaq reminded market participants about
this change again on March 1, 2007, stressing that ``[a]ll customers
should have completed their coding and testing efforts to ensure their
readiness to support 1-, 2- and 3-character NASDAQ-listed issues'' \7\
and on March 22, 2007, Delta Financial Corporation transferred to
Nasdaq from the American Stock Exchange and maintained its three-
character symbol, DFC.\8\ Subsequently, the Commission approved a rule
change to permit any company to transfer from another exchange to
Nasdaq and maintain its three-character symbols.\9\ In total, 25
companies have done so and there have been no trading problems reported
to Nasdaq as a result of trading securities on Nasdaq with three-
character symbols.
---------------------------------------------------------------------------
\5\ This includes securities listed on Nasdaq's predecessor
market, operated as a facility of the NASD.
\6\ See Head Trader Alert 2005-133 (November 14, 2005),
available at: https://www.nasdaqtrader.com/
TraderNews.aspx?id=hta2005-133 and Vendor Alert 2005-070 (November
14, 2005), available at: https://www.nasdaqtrader.com/
TraderNews.aspx?id=nva2005-070. See also Head Trader Alert 2006-144
(September 29, 2006), available at: https://www.nasdaqtrader.com/
TraderNews.aspx?id=hta2006-144, Head Trader Alert 2006-193 (November
16, 2006), available at: https://www.nasdaqtrader.com/
TraderNews.aspx?id=hta2006-193 and Vendor Alert 2006-065 (October 4,
2006), available at: https://www.nasdaqtrader.com/
TraderNews.aspx?id=nva2006-065.
\7\ Head Trader Alert 2007-050 (March 1, 2007), available at:
https://www.nasdaqtrader.com/TraderNews.aspx?id=hta2007-050.
\8\ See Securities Exchange Act Release No. 55519 (March 26,
2007) 72 FR 15737 (April 2, 2007) (SR-NASDAQ-2007-025).
\9\ See Securities Exchange Act Release No. 56028 (July 9,
2007), 72 FR 38639 (July 13, 2007) (approving SR-NASDAQ-2007-031).
---------------------------------------------------------------------------
Nasdaq now proposes to allow CA, Inc., which currently trades with
the two-character symbol ``CA'' to transfer its common stock to Nasdaq
from another domestic market and continue using that two-character
symbol. Nasdaq believes that allowing this company to maintain its
symbol will reduce investor confusion and promote competition among
exchanges. Specifically, allowing CA to maintain its trading symbol
will reduce investor confusion associated with its transfer to Nasdaq
because investors will continue to be able to obtain quotations and
execute trades using the same familiar symbol and will allow the issuer
to maintain a symbol that has become a part of its identity to
investors.\10\ Nasdaq also notes that the potential for confusion from
a symbol change could be magnified in this case, given that the
company's name and current trading symbol are identical. Further,
Nasdaq believes that permitting CA to maintain its symbol will enhance
competition among exchanges by removing concerns about investor
confusion surrounding its symbol from the factors a company must
consider when choosing where to list its equities. This proposal is
also consistent with the historical practice of allowing companies to
maintain their symbols when they switch among national securities
exchanges.\11\
---------------------------------------------------------------------------
\10\ A market transfer will still be transparent to investors
because, under the Commission's rules, a company must announce the
transfer of its listing on a Form 8-K. See Form 8-K, item 3.01(d).
In addition, the issuer must publish notice of its intent to
withdraw a class of securities from listing and/or registration,
along with its reasons for such withdrawal, via a press release and,
if it has a publicly accessible Web site, on that Web site. See Rule
12d2-2(c)(2)(iii), 17 CFR 240.12d2-2(c)(2)(iii).
\11\ See, e.g., Darwin Professional Underwriters, Inc. (from
NYSE Arca to NYSE keeping the symbol DR), Chile Fund, Inc. (from
NYSE to Amex keeping the symbol CH), and iShares NYSE 100 (from NYSE
to NYSE Arca keeping the symbol NY).
---------------------------------------------------------------------------
Given the foregoing, Nasdaq believes that market participants were
provided adequate notice of this change and are prepared to accommodate
the trading of this company on Nasdaq using the symbol CA. Further,
Nasdaq believes that any change to the symbol will cause confusion
among investors and market participants. As such, Nasdaq proposes to
begin trading the common stock of CA, Inc. on Nasdaq using the symbol
CA on April 28, 2008. While this filing relates to the transfer of this
issuer, Nasdaq remains committed to working with the Commission and
other markets to establish an equitable and transparent symbol
assignment plan.\12\
---------------------------------------------------------------------------
\12\ See Securities Exchange Act Release No. 56037 (July 10,
2007) 72 FR 39096 (July 17, 2007).
---------------------------------------------------------------------------
[[Page 22988]]
2. Statutory Basis
Nasdaq believes that the proposed rule change is consistent with
the provisions of Section 6 of the Act, in general and with Section
6(b)(5) of the Act, in particular, in that it is designed to prevent
fraudulent and manipulative acts and practices, to promote just and
equitable principles of trade, remove impediments to a free and open
market and a national market system, and, in general, to protect
investors and the public interest. As described above, the proposed
rule change will reduce investor confusion and encourage competition
between national securities exchanges.
B. Self-Regulatory Organization's Statement on Burden on Competition
Nasdaq does not believe that the proposed rule change will result
in any burden on competition that is not necessary or appropriate in
furtherance of the purposes of the Act, as amended.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
Written comments were neither solicited nor received.
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 \13\ and Rule 19b-4(f)(5) thereunder \14\ in
that it effects a change to an order-entry or trading system that: (i)
Does not significantly affect the protection of investors or the public
interest; (ii) does not impose any significant burden on competition;
and (iii) does not have the effect of limiting the access to or
availability of the system. As such, this proposed rule change is
effective upon filing with the Commission.
---------------------------------------------------------------------------
\13\ 15 U.S.C. 78s(b)(3)(A).
\14\ 17 CFR 240.19b-4(f)(5).
---------------------------------------------------------------------------
At any time within 60 days of the filing of the 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 (https://
www.sec.gov/rules/sro.shtml); or
Send an e-mail to rule-comments@sec.gov. Please include
File Number SR-NASDAQ-2008-034 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-NASDAQ-2008-034. 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 (https://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 such filing also will be available for
inspection and copying at the principal office of the Exchange. 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-NASDAQ-2008-034 and should
be submitted on or before May 19, 2008.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\15\
---------------------------------------------------------------------------
\15\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E8-9188 Filed 4-25-08; 8:45 am]
BILLING CODE 8010-01-P