Self-Regulatory Organizations; NYSE Amex LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Add 75 Options Classes to the Penny Pilot Program, 58351-58354 [E9-27091]
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Federal Register / Vol. 74, No. 217 / Thursday, November 12, 2009 / Notices
Organization, the Exchange, or any
other third parties that arise from the
Sponsored Participant’s access to and
use of the Exchange. Such amounts
include, but are not limited to
applicable exchange and regulatory fees.
Third, the Sponsoring Member
Organization must provide the
Exchange with a Sponsored Participant
Addendum to its Access Agreement
acknowledging its responsibility for the
orders, executions and actions of its
Sponsored Participant at issue.
2. Statutory Basis
The Exchange believes that its
proposal is consistent with Section 6(b)
of the Act 4 in general, and furthers the
objectives of Section 6(b)(5) of the Act 5
in particular, 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
open market and a national market
system, and, in general to protect
investors and the public interest by
helping market participants seeking
access to a marketplace.
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 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 either
solicited or received.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Because the foregoing proposed rule
change does not: (i) Significantly affect
the protection of investors or the public
interest; (ii) impose any significant
burden on competition; and (iii) become
operative for 30 days after the date of
the filing, or such shorter time as the
Commission may designate, it has
become effective pursuant to Section
19(b)(3)(A) of the Act 6 and Rule 19b–
4(f)(6) 7 thereunder.
A proposed rule change filed under
19b–4(f)(6) normally may not become
jlentini on DSKJ8SOYB1PROD with NOTICES
4 15
U.S.C. 78f(b).
U.S.C. 78f(b)(5).
6 15 U.S.C. 78s(b)(3)(A).
7 17 CFR 240.19b–4(f)(6). In addition, Rule 19b–
4(f)(6) requires a self-regulatory organization to give
the Commission written notice of its intent to file
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. Phlx has satisfied this requirement.
operative prior to 30 days after the date
of filing.8 However, Rule 19b–
4(f)(6)(iii) 9 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 so that the proposal may become
operative upon filing. 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
allow the pilot program to continue
uninterrupted. The Commission notes
that the proposal is substantially similar
to the rules of other national securities
exchanges.10 Accordingly, the
Commission hereby grants the
Exchange’s request and designates the
proposal operative upon filing.11
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–Phlx–2009–93 on the
subject line.
Paper Comments
• Send paper comments in triplicate
to Elizabeth M. Murphy, Secretary,
Securities and Exchange Commission,
100 F Street, NE., Washington, DC
20549–1090.
All submissions should refer to File
Number SR–Phlx–2009–93. 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
5 15
VerDate Nov<24>2008
16:12 Nov 10, 2009
Jkt 220001
8 17
CFR 240.19b–4(f)(6)(iii).
9 Id.
10 See, e.g., International Securities Exchange,
LLC Rule 706 and NYSE Arca, Inc. Rule 7.29.
11 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).
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58351
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
Section, 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–Phlx–2009–93 and should
be submitted on or before December 3,
2009.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.12
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9–27092 Filed 11–10–09; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–60939; File No. SR–
NYSEAmex–2009–79]
Self-Regulatory Organizations; NYSE
Amex LLC; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Add 75 Options
Classes to the Penny Pilot Program
November 4, 2009.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934 (the
‘‘Act’’),2 and Rule 19b–4 thereunder,3
notice is hereby given that, on
November 3, 2009, NYSE Amex LLC
(‘‘NYSEAmex’’ 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 selfregulatory organization. The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.
12 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 15 U.S.C. 78a.
3 17 CFR 240.19b–4.
1 15
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58352
Federal Register / Vol. 74, No. 217 / Thursday, November 12, 2009 / Notices
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to identify the
next 75 options classes to be added to
the Penny Pilot Program for Options
(‘‘Penny Pilot’’ or ‘‘Pilot’’) on November
2, 2009. There are no changes to the
Rule text. A copy of this filing is
available on the Exchange’s Web site at:
https://www.nyse.com, at the Exchange’s
principal office and at 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
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 the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
NYSE Amex proposes to identify the
next 75 options classes to be added to
the Penny Pilot effective November 2,
jlentini on DSKJ8SOYB1PROD with NOTICES
Nat’l ranking
Symbol
118 ..................................................
48 ....................................................
134 ..................................................
93 ....................................................
115 ..................................................
111 ..................................................
94 ....................................................
67 ....................................................
58 ....................................................
78 ....................................................
68 ....................................................
130 ..................................................
104 ..................................................
49 ....................................................
88 ....................................................
64 ....................................................
32 ....................................................
25 ....................................................
33 ....................................................
112 ..................................................
70 ....................................................
26 ....................................................
82 ....................................................
127 ..................................................
18 ....................................................
129 ..................................................
62 ....................................................
72 ....................................................
59 ....................................................
45 ....................................................
105 ..................................................
131 ..................................................
98 ....................................................
39 ....................................................
87 ....................................................
71 ....................................................
113 ..................................................
63 ....................................................
120 ..................................................
35 ....................................................
73 ....................................................
99 ....................................................
121 ..................................................
80 ....................................................
61 ....................................................
37 ....................................................
85 ....................................................
ABX ................................................
AXP ................................................
AUY ...............................................
BA ..................................................
BBT ................................................
BBY ................................................
BP ..................................................
CHK ...............................................
CIT .................................................
COF ...............................................
CVX ...............................................
DE ..................................................
DOW ..............................................
DRYS .............................................
EFA ................................................
ETFC .............................................
EWZ ...............................................
FAS ................................................
FAZ ................................................
FITB ...............................................
FSLR ..............................................
FXI .................................................
GDX ...............................................
GG .................................................
GLD ...............................................
HGSI ..............................................
HIG ................................................
HPQ ...............................................
IBM ................................................
IYR .................................................
JNJ .................................................
JNPR .............................................
KO ..................................................
LVS ................................................
MCD ...............................................
MGM ..............................................
MON ..............................................
MOS ...............................................
MRK ...............................................
MS .................................................
NLY ................................................
NOK ...............................................
NVDA .............................................
ORCL .............................................
PALM .............................................
PBR ...............................................
PG ..................................................
4 See SR–NYSEAmex–2009–74, filed October 26,
2009.
VerDate Nov<24>2008
16:12 Nov 10, 2009
Jkt 220001
2009. The Exchange recently filed to
extend and expand the Pilot through
December 31, 2010.4 In that filing, the
Exchange had proposed expanding the
Pilot on a quarterly basis to add the next
75 most actively traded multiple listed
options classes based on national
average daily volume for the six months
prior to selection, closing under $200
per share on the Expiration Friday prior
to expansion, except that the month
immediately preceding their addition to
the Penny Pilot will not be used for the
purpose of the six month analysis.5
NYSE Amex proposes adding the
following 75 options classes to the
Penny Pilot on November 2, 2009, based
on national average daily volume from
April 1, 2009 through September 30,
2009:
Company name
Barrick Gold Corp.
American Express Co.
Yamana Gold Inc.
Boeing Co/The.
BB&T Corp.
Best Buy Co Inc.
BP PLC.
Chesapeake Energy Corp.
CIT Group Inc.
Capital One Financial Corp.
Chevron Corp.
Deere & Co.
Dow Chemical Co/The.
DryShips Inc.
iShares MSCI EAFE Index Fund.
E*Trade Financial Corp.
iShares MSCI Brazil Index Fund.
Direxion Daily Financial Bull 3X Shares.
Direxion Daily Financial Bear 3X Shares.
Fifth Third Bancorp.
First Solar Inc.
iShares FTSE/Xinhua China 25 Index Fund.
Market Vectors—Gold Miners ETF.
Goldcorp Inc.
SPDR Gold Trust.
Human Genome Sciences Inc.
Hartford Financial Services Group Inc.
Hewlett-Packard Co.
International Business Machines Corp.
iShares Dow Jones US Real Estate Index Fund.
Johnson & Johnson.
Juniper Networks Inc.
Coca-Cola Co/The.
Las Vegas Sands Corp.
McDonald’s Corp.
MGM Mirage.
Monsanto Co.
Mosaic Co/The.
Merck & Co Inc/NJ.
Morgan Stanley.
Annaly Capital Management Inc.
Nokia OYJ.
Nvidia Corp.
Oracle Corp.
Palm Inc.
Petroleo Brasileiro SA.
Procter & Gamble Co/The.
5 Index products would be included in the
expansion if the underlying index level was under
200.
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Federal Register / Vol. 74, No. 217 / Thursday, November 12, 2009 / Notices
Nat’l ranking
Symbol
41 ....................................................
74 ....................................................
124 ..................................................
132 ..................................................
103 ..................................................
83 ....................................................
122 ..................................................
107 ..................................................
91 ....................................................
84 ....................................................
119 ..................................................
101 ..................................................
125 ..................................................
92 ....................................................
14 ....................................................
117 ..................................................
110 ..................................................
81 ....................................................
44 ....................................................
60 ....................................................
96 ....................................................
10 ....................................................
133 ..................................................
52 ....................................................
114 ..................................................
86 ....................................................
79 ....................................................
54 ....................................................
POT ...............................................
RF ..................................................
RIG ................................................
RMBS ............................................
S ....................................................
SDS ...............................................
SKF ................................................
SLB ................................................
SLV ................................................
SRS ...............................................
SSO ...............................................
STI .................................................
SVNT .............................................
TBT ................................................
UNG ...............................................
UNH ...............................................
UPS ...............................................
USB ...............................................
USO ...............................................
UYG ...............................................
V ....................................................
WFC ...............................................
WYNN ............................................
X ....................................................
XHB ...............................................
XLI .................................................
XLU ................................................
XRT ................................................
2. Statutory Basis
The Exchange believes the proposed
rule change is consistent with and
furthers the objectives of Section 6(b)(5)
of the Act, in that it is designed to
promote just and equitable principles of
trade, remove impediments to and
perfect the mechanism of a free and
open market and a national market
system and, in general, to protect
investors and the public interest, by
identifying the options classes to be
added to the Pilot in a manner
consistent with prior approvals and
filings.
Company name
Potash Corp of Saskatchewan Inc.
Regions Financial Corp.
Transocean Ltd.
Rambus Inc.
Sprint Nextel Corp.
ProShares UltraShort S&P500.
ProShares UltraShort Financials.
Schlumberger Ltd.
iShares Silver Trust.
ProShares UltraShort Real Estate.
ProShares Ultra S&P500.
SunTrust Banks Inc.
Savient Pharmaceuticals Inc.
ProShares UltraShort 20+ Year Treasury.
United States Natural Gas Fund LP.
UnitedHealth Group Inc.
United Parcel Service Inc.
US Bancorp.
United States Oil Fund LP.
ProShares Ultra Financials.
Visa Inc.
Wells Fargo & Co.
Wynn Resorts Ltd.
United States Steel Corp.
SPDR S&P Homebuilders ETF.
Industrial Select Sector SPDR Fund.
Utilities Select Sector SPDR Fund.
SPDR S&P Retail ETF.
19(b)(3)(A)(i) 6 of the Act and Rule 19b–
4(f)(1) 7 thereunder, in that it constitutes
a stated policy, practice, or
interpretation with respect to the
meaning, administration, or
enforcement of an existing rule of the
Exchange.
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.8
IV. Solicitation of Comments
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
jlentini on DSKJ8SOYB1PROD with NOTICES
B. Self-Regulatory Organization’s
Statement on Burden on Competition
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
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
The proposed rule change is effective
upon filing pursuant to Section
VerDate Nov<24>2008
16:12 Nov 10, 2009
Jkt 220001
• 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–NYSEAmex–2009–79 on
the subject line.
6 15
U.S.C. 78s(b)(3)(A)(i).
CFR 240.19b–4(f)(1).
8 See 15 U.S.C. 78s(b)(3)(C).
7 17
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58353
Fmt 4703
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Paper Comments
• Send paper comments in triplicate
to Elizabeth M. Murphy, Secretary,
Securities and Exchange Commission,
100 F Street, NE., Washington, DC
20549–1090.
All submissions should refer to File
Number SR–NYSEAmex–2009–79. 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 20549–1090 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
NYSE Amex’s principal office and on its
Internet Web site at https://
www.nyse.com. All comments received
will be posted without change; the
E:\FR\FM\12NON1.SGM
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58354
Federal Register / Vol. 74, No. 217 / Thursday, November 12, 2009 / Notices
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–
NYSEAmex–2009–79 and should be
submitted on or before December 3,
2009.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.9
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9–27091 Filed 11–10–09; 8:45 am]
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–60932; File No. SR–CBOE–
2009–082]
Self-Regulatory Organizations;
Chicago Board Options Exchange,
Incorporated; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change Relating to Temporary
Membership Status and Interim
Trading Permit Access Fees
November 4, 2009.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’),1 notice is hereby given that on
October 30, 2009, the Chicago Board
Options Exchange, Incorporated
(‘‘CBOE’’ or ‘‘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 CBOE. The Commission
is publishing this notice to solicit
comments on the proposed rule change
from interested parties.
jlentini on DSKJ8SOYB1PROD with NOTICES
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
CBOE proposes to adjust (i) the
monthly access fee for persons granted
temporary CBOE membership status
(‘‘Temporary Members’’) pursuant to
Interpretation and Policy .02 under
CBOE Rule 3.19 (‘‘Rule 3.19.02’’) and
(ii) the monthly access fee for Interim
Trading Permit (‘‘ITP’’) holders under
CBOE Rule 3.27. The text of the
proposed rule change is available on the
Exchange’s Web site (https://
www.cboe.org/Legal/), at the Exchange’s
Office of the Secretary, and at the
Commission’s Public Reference Room.
9 17
1 15
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
VerDate Nov<24>2008
16:12 Nov 10, 2009
Jkt 220001
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission,
CBOE 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 CBOE has
prepared summaries, set forth in
Sections A, B, and C below, of the most
significant aspects of such statements.
1. Purpose
The current access fee for Temporary
Members under Rule 3.19.02 2 and the
current access fee for ITP holders under
Rule 3.27 3 are both $11,900 per month.
Both access fees are currently set at the
indicative lease rate (as defined below)
for October 2009. The Exchange
proposes to adjust both access fees
effective at the beginning of November
2009 to be equal to the indicative lease
rate for November 2009 (which is
$11,830). Specifically, the Exchange
proposes to revise both the Temporary
Member access fee and the ITP access
fee to be $11,830 per month
commencing on November 1, 2009.
The indicative lease rate is defined
under Rule 3.27(b) as the highest
clearing firm floating monthly rate 4 of
the CBOE Clearing Members that assist
in facilitating at least 10% of the CBOE
transferable membership leases.5 The
Exchange determined the indicative
lease rate for November 2009 by polling
each of these Clearing Members and
obtaining the clearing firm floating
monthly rate designated by each of
these Clearing Members for that month.
The Exchange used the same process
to set the proposed Temporary Member
2 See Securities Exchange Act Release No. 56458
(September 18, 2007), 72 FR 54309 (September 24,
2007) (SR–CBOE–2007–107) for a description of the
Temporary Membership status under Rule 3.19.02.
3 See Securities Exchange Act Release No. 58178
(July 17, 2008), 73 FR 42634 (July 22, 2008) (SR–
CBOE–2008–40) for a description of the Interim
Trading Permits under Rule 3.27.
4 Rule 3.27(b) defines the clearing firm floating
monthly rate as the floating monthly rate that a
Clearing Member designates, in connection with
transferable membership leases that the Clearing
Member assisted in facilitating, for leases that
utilize that monthly rate.
5 The concepts of an indicative lease rate and of
a clearing firm floating month rate were previously
utilized in the CBOE rule filings that set and
adjusted the Temporary Member access fee. Both
concepts are also codified in Rule 3.27(b) in relation
to ITPs.
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Sfmt 4703
and ITP access fees that it used to set
the current Temporary Member and ITP
access fees. The only difference is that
the Exchange used clearing firm floating
monthly rate information for the month
of November 2009 to set the proposed
access fees (instead of clearing firm
floating monthly rate information for the
month of October 2009 as was used to
set the current access fees) in order to
take into account changes in clearing
firm floating monthly rates for the
month of November 2009.
The Exchange believes that the
process used to set the proposed
Temporary Member access fee and the
proposed Temporary Member access fee
itself are appropriate for the same
reasons set forth in CBOE rule filing SR–
CBOE–2008–12 with respect to the
original Temporary Member access fee.6
Similarly, the Exchange believes that
the process used to set the proposed ITP
access fee and the proposed ITP access
fee itself are appropriate for the same
reasons set forth in CBOE rule filing SR–
CBOE–2008–77 with respect to the
original ITP access fee.7
Each of the proposed access fees will
remain in effect until such time either
that the Exchange submits a further rule
filing pursuant to Section 19(b)(3)(A)(ii)
of the Act 8 to modify the applicable
access fee, or the applicable status (i.e.,
the Temporary Membership status or
the ITP status) is terminated.
Accordingly, the Exchange may, and
likely will, further adjust the proposed
access fees in the future if the Exchange
determines that it would be appropriate
to do so taking into consideration lease
rates for transferable CBOE
memberships prevailing at that time.
The procedural provisions of the
CBOE Fee Schedule related to the
assessment of each proposed access fee
are not proposed to be changed and will
remain the same as the current
procedural provisions relating to the
assessment of that access fee.
6 See Securities Exchange Act Release No. 57293
(February 8, 2008), 73 FR 8729 (February 14, 2008)
(SR–CBOE–2008–12), which established the
original Temporary Member access fee, for detail
regarding the rationale in support of the original
Temporary Member access fee and the process used
to set that fee, which is also applicable to this
proposed change to the Temporary Member access
fee as well.
7 See Securities Exchange Act Release No. 58200
(July 21, 2008), 73 FR 43805 (July 28, 2008) (SR–
CBOE–2008–77), which established the original ITP
access fee, for detail regarding the rationale in
support of the original ITP access fee and the
process used to set that fee, which is also applicable
to this proposed change to the ITP access fee as
well.
8 15 U.S.C. 78s(b)(3)(A)(ii).
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]]>Agencies
[Federal Register Volume 74, Number 217 (Thursday, November 12, 2009)]
[Notices]
[Pages 58351-58354]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-27091]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-60939; File No. SR-NYSEAmex-2009-79]
Self-Regulatory Organizations; NYSE Amex LLC; Notice of Filing
and Immediate Effectiveness of Proposed Rule Change To Add 75 Options
Classes to the Penny Pilot Program
November 4, 2009.
Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of
1934 (the ``Act''),\2\ and Rule 19b-4 thereunder,\3\ notice is hereby
given that, on November 3, 2009, NYSE Amex LLC (``NYSEAmex'' 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.
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 15 U.S.C. 78a.
\3\ 17 CFR 240.19b-4.
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[[Page 58352]]
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The Exchange proposes to identify the next 75 options classes to be
added to the Penny Pilot Program for Options (``Penny Pilot'' or
``Pilot'') on November 2, 2009. There are no changes to the Rule text.
A copy of this filing is available on the Exchange's Web site at:
https://www.nyse.com, at the Exchange's principal office and at 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 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 the
Statutory Basis for, the Proposed Rule Change
1. Purpose
NYSE Amex proposes to identify the next 75 options classes to be
added to the Penny Pilot effective November 2, 2009. The Exchange
recently filed to extend and expand the Pilot through December 31,
2010.\4\ In that filing, the Exchange had proposed expanding the Pilot
on a quarterly basis to add the next 75 most actively traded multiple
listed options classes based on national average daily volume for the
six months prior to selection, closing under $200 per share on the
Expiration Friday prior to expansion, except that the month immediately
preceding their addition to the Penny Pilot will not be used for the
purpose of the six month analysis.\5\
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\4\ See SR-NYSEAmex-2009-74, filed October 26, 2009.
\5\ Index products would be included in the expansion if the
underlying index level was under 200.
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NYSE Amex proposes adding the following 75 options classes to the
Penny Pilot on November 2, 2009, based on national average daily volume
from April 1, 2009 through September 30, 2009:
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Nat'l ranking Symbol Company name
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118........................... ABX.............. Barrick Gold Corp.
48............................ AXP.............. American Express Co.
134........................... AUY.............. Yamana Gold Inc.
93............................ BA............... Boeing Co/The.
115........................... BBT.............. BB&T Corp.
111........................... BBY.............. Best Buy Co Inc.
94............................ BP............... BP PLC.
67............................ CHK.............. Chesapeake Energy
Corp.
58............................ CIT.............. CIT Group Inc.
78............................ COF.............. Capital One Financial
Corp.
68............................ CVX.............. Chevron Corp.
130........................... DE............... Deere & Co.
104........................... DOW.............. Dow Chemical Co/The.
49............................ DRYS............. DryShips Inc.
88............................ EFA.............. iShares MSCI EAFE
Index Fund.
64............................ ETFC............. E*Trade Financial
Corp.
32............................ EWZ.............. iShares MSCI Brazil
Index Fund.
25............................ FAS.............. Direxion Daily
Financial Bull 3X
Shares.
33............................ FAZ.............. Direxion Daily
Financial Bear 3X
Shares.
112........................... FITB............. Fifth Third Bancorp.
70............................ FSLR............. First Solar Inc.
26............................ FXI.............. iShares FTSE/Xinhua
China 25 Index Fund.
82............................ GDX.............. Market Vectors--Gold
Miners ETF.
127........................... GG............... Goldcorp Inc.
18............................ GLD.............. SPDR Gold Trust.
129........................... HGSI............. Human Genome Sciences
Inc.
62............................ HIG.............. Hartford Financial
Services Group Inc.
72............................ HPQ.............. Hewlett-Packard Co.
59............................ IBM.............. International
Business Machines
Corp.
45............................ IYR.............. iShares Dow Jones US
Real Estate Index
Fund.
105........................... JNJ.............. Johnson & Johnson.
131........................... JNPR............. Juniper Networks Inc.
98............................ KO............... Coca-Cola Co/The.
39............................ LVS.............. Las Vegas Sands Corp.
87............................ MCD.............. McDonald's Corp.
71............................ MGM.............. MGM Mirage.
113........................... MON.............. Monsanto Co.
63............................ MOS.............. Mosaic Co/The.
120........................... MRK.............. Merck & Co Inc/NJ.
35............................ MS............... Morgan Stanley.
73............................ NLY.............. Annaly Capital
Management Inc.
99............................ NOK.............. Nokia OYJ.
121........................... NVDA............. Nvidia Corp.
80............................ ORCL............. Oracle Corp.
61............................ PALM............. Palm Inc.
37............................ PBR.............. Petroleo Brasileiro
SA.
85............................ PG............... Procter & Gamble Co/
The.
[[Page 58353]]
41............................ POT.............. Potash Corp of
Saskatchewan Inc.
74............................ RF............... Regions Financial
Corp.
124........................... RIG.............. Transocean Ltd.
132........................... RMBS............. Rambus Inc.
103........................... S................ Sprint Nextel Corp.
83............................ SDS.............. ProShares UltraShort
S&P500.
122........................... SKF.............. ProShares UltraShort
Financials.
107........................... SLB.............. Schlumberger Ltd.
91............................ SLV.............. iShares Silver Trust.
84............................ SRS.............. ProShares UltraShort
Real Estate.
119........................... SSO.............. ProShares Ultra
S&P500.
101........................... STI.............. SunTrust Banks Inc.
125........................... SVNT............. Savient
Pharmaceuticals Inc.
92............................ TBT.............. ProShares UltraShort
20+ Year Treasury.
14............................ UNG.............. United States Natural
Gas Fund LP.
117........................... UNH.............. UnitedHealth Group
Inc.
110........................... UPS.............. United Parcel Service
Inc.
81............................ USB.............. US Bancorp.
44............................ USO.............. United States Oil
Fund LP.
60............................ UYG.............. ProShares Ultra
Financials.
96............................ V................ Visa Inc.
10............................ WFC.............. Wells Fargo & Co.
133........................... WYNN............. Wynn Resorts Ltd.
52............................ X................ United States Steel
Corp.
114........................... XHB.............. SPDR S&P Homebuilders
ETF.
86............................ XLI.............. Industrial Select
Sector SPDR Fund.
79............................ XLU.............. Utilities Select
Sector SPDR Fund.
54............................ XRT.............. SPDR S&P Retail ETF.
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2. Statutory Basis
The Exchange believes the proposed rule change is consistent with
and furthers the objectives of Section 6(b)(5) of the Act, in that it
is designed to promote just and equitable principles of trade, remove
impediments to and perfect the mechanism of a free and open market and
a national market system and, in general, to protect investors and the
public interest, by identifying the options classes to be added to the
Pilot in a manner consistent with prior approvals and filings.
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
The proposed rule change is effective upon filing pursuant to
Section 19(b)(3)(A)(i) \6\ of the Act and Rule 19b-4(f)(1) \7\
thereunder, in that it constitutes a stated policy, practice, or
interpretation with respect to the meaning, administration, or
enforcement of an existing rule of the Exchange.
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\6\ 15 U.S.C. 78s(b)(3)(A)(i).
\7\ 17 CFR 240.19b-4(f)(1).
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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.\8\
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\8\ See 15 U.S.C. 78s(b)(3)(C).
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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-NYSEAmex-2009-79 on the subject line.
Paper Comments
Send paper comments in triplicate to Elizabeth M. Murphy,
Secretary, Securities and Exchange Commission, 100 F Street, NE.,
Washington, DC 20549-1090.
All submissions should refer to File Number SR-NYSEAmex-2009-79. 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 20549-1090 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 NYSE Amex's principal office and on its
Internet Web site at https://www.nyse.com. All comments received will be
posted without change; the
[[Page 58354]]
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-
NYSEAmex-2009-79 and should be submitted on or before December 3, 2009.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\9\
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\9\ 17 CFR 200.30-3(a)(12).
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Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9-27091 Filed 11-10-09; 8:45 am]
BILLING CODE 8011-01-P
