Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Participant Fees and Assessments, 71049-71050 [E8-27881]
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Federal Register / Vol. 73, No. 227 / Monday, November 24, 2008 / Notices
necessary to comply with the
requirements of Rule 19d–2 is 3 hours.
Written comments are invited on: (a)
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information will have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information collected; and (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology. Consideration will be given
to comments and suggestions submitted
in writing within 60 days of this
publication.
Please direct your written comments
to Lewis W. Walker, Acting Director/
Chief Information Officer, Securities
and Exchange Commission, c/o Shirley
Martinson, 6432 General Green Way,
Alexandria, VA 22312 or send an e-mail
to: PRA_Mailbox@sec.gov .
Dated: November 17, 2008.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8–27886 Filed 11–21–08; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[File No. 500–1]
Order of Suspension of Trading;
2TheMart.com, Inc., and The 3DO Co.,
Respondents
sroberts on PROD1PC70 with NOTICES
November 20, 2008.
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning the securities of
2TheMart.com, Inc. because it has not
filed any periodic reports since it filed
a Form 10–Q for the period ended
March 21, 2000.
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning the securities of The 3DO
Co. because it has not filed any periodic
reports since it filed a Form 10–Q for
the period ended December 31, 2002.
The Commission is of the opinion that
the public interest and the protection of
investors require a suspension of trading
in the securities of the above-listed
companies.
Therefore, it is ordered, pursuant to
Section 12(k) of the Securities Exchange
Act of 1934, that trading in the
securities of the above-listed companies,
VerDate Aug<31>2005
19:32 Nov 21, 2008
Jkt 217001
is suspended for the period from 9:30
a.m. EST on November 20, 2008,
through 11:59 p.m. EST on December 4,
2008.
By the Commission.
Jill M. Peterson
Assistant Secretary.
[FR Doc. E8–27939 Filed 11–20–08; 11:15
am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–58966; File No. SR–CHX–
2008–15]
Self-Regulatory Organizations;
Chicago Stock Exchange, Inc.; Notice
of Filing and Immediate Effectiveness
of Proposed Rule Change Relating to
Participant Fees and Assessments
November 17, 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 November
7, 2008, the Chicago Stock Exchange,
Inc. (‘‘CHX’’ or the ‘‘Exchange’’) 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 CHX. 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 CHX proposes to amend its
Schedule of Participant Fees and
Assessments (the ‘‘Fee Schedule’’) to
alter the take/provide charges for Tape
B securities. The text of this proposed
rule change is available on the
Exchange’s Web site at https://
www.chx.com/rules/
proposed_rules.htm, at the principal
office of the Exchange, and in 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
CHX included statements concerning
the purpose of, and basis for, the
proposed rule change and discussed any
comments it received regarding the
proposal. The text of these statements
may be examined at the places specified
in Item IV below. The CHX has prepared
1 15
2 17
PO 00000
U.S.C. 78s(b)(1).
CFR 240.19b–4.
Frm 00097
Fmt 4703
Sfmt 4703
71049
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
Changes
1. Purpose
Through this filing, the Exchange
would amend its Fee Schedule to
discontinue the existing program setting
forth a higher provide credit of $0.0036/
share for transactions in Tape B
securities if certain volume thresholds
had been met. Moreover, the transaction
fee for liquidity takers in Tape B
securities is being raised to $0.0030/
share from the current level of $0.0029/
share. All liquidity providers in Tape B
securities would qualify for a credit of
$0.0032/share, regardless of its average
daily trading volume. The Exchange
believes that these proposed fee changes
are more consistent with its long-term
goals of incenting firms to trade using
our facilities at rates which do not
expose the Exchange to potential losses
or capital outlays.
2. Statutory Basis
The Exchange believes that the rule
changes proposed in this submission are
consistent with the requirements of the
Act and the rules and regulations
thereunder that are applicable to a
national securities exchange, and, in
particular, with the requirements of
Section 6(b). The proposed rule change
is consistent with Section 6(b)(4) of the
Act in that it provides for the equitable
allocation of reasonable dues, fees and
other charges among its Participants.
The proposed increase in the liquidity
takers fee in Tape B securities is of
$0.0001/share, which is a relatively
modest amount. The increased revenue
will be used to fund the Exchange’s
existing operations, which may in turn
benefit its Participants. Finally, the
discontinuance of the two-tiered fee
structure for liquidity providers in Tape
B securities fee streamlines the
Exchange’s Fee Schedule and related
billing structure, as well as eliminates a
program which potentially exposed the
Exchange to large and costly rebates to
Participant firms.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange does not believe that
the proposed rule changes will impose
any burden on competition.
E:\FR\FM\24NON1.SGM
24NON1
71050
Federal Register / Vol. 73, No. 227 / Monday, November 24, 2008 / Notices
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
No written comments were either
solicited or received.
III. Date of Effectiveness of the
Proposed Rule Changes and Timing for
Commission Action
The foregoing rule change establishes
or changes a due, fee or other charge
imposed by the Exchange and therefore
has become effective pursuant to
Section 19(B)(3)(A) of the Act 3 and
subparagraph (f)(2) of Rule 19b–4
thereunder.4 At any time within 60 days
of the filing of such 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
purpose 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:
sroberts on PROD1PC70 with NOTICES
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–CHX–2008–15 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–CHX–2008–15. 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 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; 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–CHX–2008–15 and should
be submitted on or before December 15,
2008.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.5
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8–27881 Filed 11–21–08; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–58969; File No. SR–NYSE–
2008–119]
Self-Regulatory Organizations; Notice
of Filing of Proposed Rule Change by
New York Stock Exchange LLC To
Establish the New York Block
Exchange
November 17, 2008.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (the
‘‘Act’’) 1 and Rule 19b–4 thereunder,2
notice is hereby given that, on
November 13, 2008, New York Stock
Exchange LLC (‘‘NYSE’’ or the
‘‘Exchange’’) filed with the Securities
and Exchange Commission (the
‘‘Commission’’) the proposed rule
change as described in Items I, II, and
III below, which Items have been
prepared by the self-regulatory
organization. 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 adopt
Exchange Rule 1600 to establish the
4 17
CFR 200.30–3(a)(12).
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(2).
VerDate Aug<31>2005
19:32 Nov 21, 2008
Jkt 217001
PO 00000
Frm 00098
Fmt 4703
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
self-regulatory organization 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 those 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 seeks to establish the
NYBX Facility to provide its customers
with the ability to aggregate multiple
sources of liquidity and to facilitate
trading in block-sized orders. This
electronic, anonymous trading facility
will also allow customers to execute
smaller orders and have quick access to
multiple price points of displayed
liquidity to meet size and price
execution requirements. The Facility
allows for the interaction of nondisplayed orders with the aggregate of
displayed and non-displayed orders of
the NYSE Display Book and the
National Best Bid and Best Offer and
considers protected quotations of all
automated trading centers in
compliance with Regulation NMS. The
Facility will trade only securities listed
on the NYSE (Tape A eligible
securities).
NYBX orders will not effect an
execution except as permitted by Rule
611 (Regulation NMS).3 Thus, NYBX
3 See Securities Exchange Act Release No. 51808
(June 9, 2005), 70 FR 37496 (June 29, 2005). When
NYBX orders are calculated to be the midpoint of
the NBBO, no trade-through executions will occur
5 17
3 15
New York Block Exchange (‘‘NYBX
Facility’’ or the ‘‘Facility’’). NYBX will
be an electronic facility of the Exchange
to provide for the continuous matching
and execution of securities listed on the
NYSE of all non-displayed orders with
the aggregate of all displayed and nondisplayed orders of the NYSE Display
Book (‘‘Display Book’’ or ‘‘DBK’’)
while also considering protected
quotations of all automated trading
centers.
The text of the proposed rule change
is available at https://www.nyse.com,
NYSE’s principal office, and the
Commission’s Public Reference Room.
Sfmt 4703
E:\FR\FM\24NON1.SGM
24NON1
]]>Agencies
[Federal Register Volume 73, Number 227 (Monday, November 24, 2008)]
[Notices]
[Pages 71049-71050]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-27881]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-58966; File No. SR-CHX-2008-15]
Self-Regulatory Organizations; Chicago Stock Exchange, Inc.;
Notice of Filing and Immediate Effectiveness of Proposed Rule Change
Relating to Participant Fees and Assessments
November 17, 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 November 7, 2008, the Chicago Stock Exchange, Inc. (``CHX'' or the
``Exchange'') 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 CHX. 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.
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The CHX proposes to amend its Schedule of Participant Fees and
Assessments (the ``Fee Schedule'') to alter the take/provide charges
for Tape B securities. The text of this proposed rule change is
available on the Exchange's Web site at https://www.chx.com/rules/proposed_rules.htm, at the principal office of the Exchange, and in
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 CHX included statements
concerning the purpose of, and basis for, the proposed rule change and
discussed any comments it received regarding the proposal. The text of
these statements may be examined at the places specified in Item IV
below. The CHX 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 Changes
1. Purpose
Through this filing, the Exchange would amend its Fee Schedule to
discontinue the existing program setting forth a higher provide credit
of $0.0036/share for transactions in Tape B securities if certain
volume thresholds had been met. Moreover, the transaction fee for
liquidity takers in Tape B securities is being raised to $0.0030/share
from the current level of $0.0029/share. All liquidity providers in
Tape B securities would qualify for a credit of $0.0032/share,
regardless of its average daily trading volume. The Exchange believes
that these proposed fee changes are more consistent with its long-term
goals of incenting firms to trade using our facilities at rates which
do not expose the Exchange to potential losses or capital outlays.
2. Statutory Basis
The Exchange believes that the rule changes proposed in this
submission are consistent with the requirements of the Act and the
rules and regulations thereunder that are applicable to a national
securities exchange, and, in particular, with the requirements of
Section 6(b). The proposed rule change is consistent with Section
6(b)(4) of the Act in that it provides for the equitable allocation of
reasonable dues, fees and other charges among its Participants. The
proposed increase in the liquidity takers fee in Tape B securities is
of $0.0001/share, which is a relatively modest amount. The increased
revenue will be used to fund the Exchange's existing operations, which
may in turn benefit its Participants. Finally, the discontinuance of
the two-tiered fee structure for liquidity providers in Tape B
securities fee streamlines the Exchange's Fee Schedule and related
billing structure, as well as eliminates a program which potentially
exposed the Exchange to large and costly rebates to Participant firms.
B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange does not believe that the proposed rule changes will
impose any burden on competition.
[[Page 71050]]
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
No written comments were either solicited or received.
III. Date of Effectiveness of the Proposed Rule Changes and Timing for
Commission Action
The foregoing rule change establishes or changes a due, fee or
other charge imposed by the Exchange and therefore has become effective
pursuant to Section 19(B)(3)(A) of the Act \3\ and subparagraph (f)(2)
of Rule 19b-4 thereunder.\4\ At any time within 60 days of the filing
of such 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 purpose of the Act.
---------------------------------------------------------------------------
\3\ 15 U.S.C. 78s(b)(3)(A).
\4\ 17 CFR 240.19b-4(f)(2).
---------------------------------------------------------------------------
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-CHX-2008-15 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-CHX-2008-15. 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 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; 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-CHX-2008-15 and should be
submitted on or before December 15, 2008.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\5\
---------------------------------------------------------------------------
\5\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8-27881 Filed 11-21-08; 8:45 am]
BILLING CODE 8011-01-P
