Self-Regulatory Organizations; International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Allow All SPY and IWM Options Series To Quote in Penny Increments, 5365-5366 [2010-2093]
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Federal Register / Vol. 75, No. 21 / Tuesday, February 2, 2010 / Notices
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–61430; File No. SR–ISE–
2010–08]
Self-Regulatory Organizations;
International Securities Exchange,
LLC; Notice of Filing and Immediate
Effectiveness of a Proposed Rule
Change To Allow All SPY and IWM
Options Series To Quote in Penny
Increments
January 27, 2010.
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 January
21, 2010, the International Securities
Exchange, LLC (the ‘‘Exchange’’ or ‘‘ISE’’)
filed with the Securities and Exchange
Commission the proposed rule change
as described in Items I and II 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 ISE proposes to quote all series of
options on the SPDR S&P 500 Exchange
Traded Fund and options on the iShares
Russell 2000 Index Fund in penny
increments pursuant to the pilot
program to quote and to trade certain
options in pennies (‘‘Penny Pilot’’).
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
mstockstill on DSKH9S0YB1PROD with NOTICES
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 these statements may be examined at
the places specified in Item IV below.
The self-regulatory organization 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 the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
On January 24, 2007, the SEC
approved ISE’s rule filing, SR–ISE–
2006–62, which initiated the Penny
1 15
2 17
U.S.C. 78s(b)(1).
CFR 240.19b–4.
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16:52 Feb 01, 2010
Jkt 220001
Pilot.3 Under the Penny Pilot, the
minimum price variation for all
participating options classes, except for
the PowerShares QQQ (‘‘QQQQ’’) 4
(formerly known as the Nasdaq-100
Index Tracking Stock), is $0.01 for all
quotations in options series that are
quoted at less than $3 per contract and
$0.05 for all quotations in options series
that are quoted at $3 per contract or
greater. Thus, the current minimum
quoting increment for bids and offers in
options on the SPDR S&P 500 Exchange
Traded Fund (‘‘SPY’’) and in options on
the iShares Russell 2000 Index Fund
(‘‘IWM’’) is $0.01 for all options series
below $3.00 and $0.05 for all options
series $3.00 and above.
The Exchange now proposes to
eliminate the $3.00 breakpoint that
exists for SPY and IWM and designate
all options series in SPY and IWM as
eligible to quote in $0.01 increments,
regardless of premium value. The
Exchange will communicate the
proposed change to its membership via
a Regulatory Information Circular
(‘‘RIC’’) which shall also be posted on
the Exchange’s Web site.
The Exchange notes that although the
Penny Pilot has contributed to some
increase in quote message traffic, it has
been manageable by the Exchange and
the Options Price Reporting Authority
(‘‘OPRA’’), with no significant disruption
in the dissemination of pricing
information. The Exchange believes that
the benefits to public customers and
other market participants who are able
to express their true prices to buy and
sell options have been demonstrated to
outweigh the increase in quote traffic.
Moreover, the Exchange’s rule change
proposal is sufficiently limited such that
it is unlikely to increase quotation
message traffic beyond the capacity of
the Exchange’s or OPRA’s systems, or to
disrupt the timely dissemination of
information.
The Exchange believes that its
proposal to eliminate the breakpoint for
penny quoting of all SPY and IWM
option series should facilitate the
continuing narrowing of spreads,
3 See Securities Exchange Act Release No. 55161
(January 24, 2007), 72 FR 4754 (February 1, 2007).
The Penny Pilot was subsequently extended a
number of times and is currently scheduled to
expire on December 31, 2010. See Securities
Exchange Act Release Nos. 56151 (July 26, 2007),
72 FR 42452 (August 2, 2007) (SR–ISE–2007–68);
56564 (September 27, 2007), 72 FR 56412 (October
3, 2007) (SR–ISE–2007–74); 57508 (March 17,
2008), 73 FR 15243 (March 21, 2008) (SR–ISE–
2008–27); 59633 (March 26, 2009), 74 FR 15018
(April 2, 2009) (SR–ISE–2009–14); 60222 (July 1,
2009), 74 FR 32994 (July 9, 2009) (SR–ISE–2009–
37); 60865 (October 22, 2009), 74 FR 55880 (October
29, 2009 (SR–ISE–2009–82).
4 Options on QQQQ are quoted in $0.01
increments for all series.
PO 00000
Frm 00087
Fmt 4703
Sfmt 4703
5365
thereby lowering costs to the benefit of
investors.
This proposal is based on a recent
Commission-approved proposal of the
NYSEArca exchange.5 The Exchange
proposes to designate SPY and IWM as
eligible to quote and trade all options
contracts in one cent increments as of
February 1, 2010. This date corresponds
with the second phase-in date for
additional classes in the Penny Pilot.
2. Statutory Basis
The Exchange believes that this
proposed rule change is consistent with
Section 6(b) of the Securities Exchange
Act of 1934 (the ‘‘Exchange Act’’) 6 in
general, and furthers the objectives of
Section 6(b)(5) of the Exchange Act 7 in
particular, in that it is designed to
promote just and equitable principles of
trade, remove impediments to and
perfect the mechanisms of a free and
open market and a national market
system and, in general, to protect
investors and the public interest, by
allowing all SPY and IWM options
series to quote in penny intervals.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The proposed rule change does not
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
The Exchange has not solicited, and
does not intend to solicit, comments on
this proposed rule change. The
Exchange has not received any written
comments from members or other
interested parties.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The Exchange has filed the proposed
rule change pursuant to Section
19(b)(3)(A)(iii) of the Act 8 and Rule
19b–4(f)(6) thereunder.9 Because the
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
prior to 30 days from the date on which
it was filed, or such shorter time as the
Commission may designate if consistent
5 See Securities Exchange Act Release No. 61061
(November 24, 2009), 74 FR 62857 (December 1,
2009) (SR–NYSEArca–2009–44).
6 15 U.S.C. 78f(b).
7 15 U.S.C. 78f(b)(5).
8 15 U.S.C. 78s(b)(3)(A)(iii).
9 17 CFR 240.19b–4(f)(6).
E:\FR\FM\02FEN1.SGM
02FEN1
5366
Federal Register / Vol. 75, No. 21 / Tuesday, February 2, 2010 / Notices
with the protection of investors and the
public interest, the proposed rule
change has become effective pursuant to
Section 19(b)(3)(A) of the Act 10 and
Rule 19b–4(f)(6)(iii) thereunder.
A proposed rule change filed under
Rule 19b–4(f)(6) normally does not
become operative for 30 days after the
date of filing.11 However, Rule 19b–
4(f)(6)(iii) permits the Commission to
designate a shorter time if such action
is consistent with the protection of
investors and the public interest. The
Exchange requested that the
Commission waive the 30-day operative
delay, as specified in Rule 19b–
4(f)(6)(iii),12 which would make the rule
change effective and 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 the proposal is based on a
recent Commission-approved proposal
submitted by another options
exchange 13 and therefore does not raise
any novel regulatory issues. Further,
waiving the operative delay will allow
the Exchange to commence quoting all
series of IWM and SPY in increments of
$0.01 effective February 1, 2010,
contemporaneously with other options
exchanges. Accordingly, the
Commission designates the proposed
rule change as operative upon filing
with the Commission.14
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.
10 15
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(6)(iii). In addition, Rule
19b–4(f)(6)(iii) requires the self-regulatory
organization to give the Commission notice of its
intent to file the proposed rule change, along with
a brief description and text of the proposed rule
change, at least five business days prior to the date
of filing of the proposed rule change, or such
shorter time as designated by the Commission. ISE
has satisfied this requirement.
12 17 CFR 240.19b–4(f)(6)(iii).
13 See supra note 5.
14 For purposes only of waiving the operative
delay for this proposal, the Commission has
considered the proposed rule’s impact on
efficiency, competition, and capital formation. See
15 U.S.C. 78c(f).
mstockstill on DSKH9S0YB1PROD with NOTICES
11 17
VerDate Nov<24>2008
16:52 Feb 01, 2010
Jkt 220001
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–ISE–2010–08 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–ISE–2010–08. 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 self-regulatory
organization. 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–ISE–
2010–08 and should be submitted on or
before February 23, 2010.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.15
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–2093 Filed 2–1–10; 8:45 am]
BILLING CODE 8011–01–P
15 17
PO 00000
CFR 200.30–3(a)(12).
Frm 00088
Fmt 4703
Sfmt 4703
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–61425; File No. SR–OCC–
2009–18]
Self-Regulatory Organizations; The
Options Clearing Corporation; Order
Approving Proposed Rule Change To
Allow Members To Deposit Customer
Fully Paid or Excess Margin Securities
to the Extent Permitted by No-Action
Relief or Interpretive Guidance From
the Commission or Interpretive
Guidance From a Self-Regulatory
Organization
January 26, 2010.
I. Introduction
On October 23, 2009, The Options
Clearing Corporation (‘‘OCC’’) filed with
the Securities and Exchange
Commission (‘‘Commission’’) proposed
rule change SR–OCC–2009–18 pursuant
to Section 19(b)(1) of the Securities
Exchange Act of 1934 (‘‘Act’’).1 The
proposed rule change was published for
comment in the Federal Register on
December 7, 2009.2 No comment letters
were received on the proposal. This
order approves the proposal.
II. Description
The proposed rule change allows
members to deposit customer fully paid
or excess margin securities to the extent
that activity is consistent with Rule
15c3–3 3 under the Act and is permitted
by no-action relief or interpretive
guidance from the Commission or
interpretive guidance from a SelfRegulatory Organization (‘‘SRO’’).
OCC rules currently prohibit members
from depositing with OCC fully paid or
excess margin securities that are carried
for the account of a customer. This
prohibition is intended to conform
OCC’s treatment of customer fully paid
and excess margin securities to the
requirements of Rule 15c3–3.
Currently, a Commission no-action
letter and related interpretive guidance
from the New York Stock Exchange
permit fully paid or excess margin
securities carried in a customer account
to be deposited with OCC in two
circumstances. First, if a customer
makes a specific deposit of fully paid or
excess margin securities with a member
to secure its obligations as an option
writer 4 then the member may in turn
deposit the customer’s securities with
1 15
U.S.C. 78s(b)(1).
Exchange Act Release No. 61078
(November 30, 2009), 74 FR 64116.
3 17 CFR 240.15c3–3.
4 OCC Rule 610(e)–(f).
2 Securities
E:\FR\FM\02FEN1.SGM
02FEN1
Agencies
[Federal Register Volume 75, Number 21 (Tuesday, February 2, 2010)]
[Notices]
[Pages 5365-5366]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-2093]
[[Page 5365]]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-61430; File No. SR-ISE-2010-08]
Self-Regulatory Organizations; International Securities Exchange,
LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule
Change To Allow All SPY and IWM Options Series To Quote in Penny
Increments
January 27, 2010.
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 January 21, 2010, the International Securities Exchange, LLC
(the ``Exchange'' or ``ISE'') filed with the Securities and Exchange
Commission the proposed rule change as described in Items I and II
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.
---------------------------------------------------------------------------
\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 ISE proposes to quote all series of options on the SPDR S&P 500
Exchange Traded Fund and options on the iShares Russell 2000 Index Fund
in penny increments pursuant to the pilot program to quote and to trade
certain options in pennies (``Penny Pilot'').
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 these statements may be examined at
the places specified in Item IV below. The self-regulatory organization
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 the
Statutory Basis for, the Proposed Rule Change
1. Purpose
On January 24, 2007, the SEC approved ISE's rule filing, SR-ISE-
2006-62, which initiated the Penny Pilot.\3\ Under the Penny Pilot, the
minimum price variation for all participating options classes, except
for the PowerShares QQQ (``QQQQ'') \4\ (formerly known as the Nasdaq-
100 Index Tracking Stock), is $0.01 for all quotations in options
series that are quoted at less than $3 per contract and $0.05 for all
quotations in options series that are quoted at $3 per contract or
greater. Thus, the current minimum quoting increment for bids and
offers in options on the SPDR S&P 500 Exchange Traded Fund (``SPY'')
and in options on the iShares Russell 2000 Index Fund (``IWM'') is
$0.01 for all options series below $3.00 and $0.05 for all options
series $3.00 and above.
---------------------------------------------------------------------------
\3\ See Securities Exchange Act Release No. 55161 (January 24,
2007), 72 FR 4754 (February 1, 2007). The Penny Pilot was
subsequently extended a number of times and is currently scheduled
to expire on December 31, 2010. See Securities Exchange Act Release
Nos. 56151 (July 26, 2007), 72 FR 42452 (August 2, 2007) (SR-ISE-
2007-68); 56564 (September 27, 2007), 72 FR 56412 (October 3, 2007)
(SR-ISE-2007-74); 57508 (March 17, 2008), 73 FR 15243 (March 21,
2008) (SR-ISE-2008-27); 59633 (March 26, 2009), 74 FR 15018 (April
2, 2009) (SR-ISE-2009-14); 60222 (July 1, 2009), 74 FR 32994 (July
9, 2009) (SR-ISE-2009-37); 60865 (October 22, 2009), 74 FR 55880
(October 29, 2009 (SR-ISE-2009-82).
\4\ Options on QQQQ are quoted in $0.01 increments for all
series.
---------------------------------------------------------------------------
The Exchange now proposes to eliminate the $3.00 breakpoint that
exists for SPY and IWM and designate all options series in SPY and IWM
as eligible to quote in $0.01 increments, regardless of premium value.
The Exchange will communicate the proposed change to its membership via
a Regulatory Information Circular (``RIC'') which shall also be posted
on the Exchange's Web site.
The Exchange notes that although the Penny Pilot has contributed to
some increase in quote message traffic, it has been manageable by the
Exchange and the Options Price Reporting Authority (``OPRA''), with no
significant disruption in the dissemination of pricing information. The
Exchange believes that the benefits to public customers and other
market participants who are able to express their true prices to buy
and sell options have been demonstrated to outweigh the increase in
quote traffic. Moreover, the Exchange's rule change proposal is
sufficiently limited such that it is unlikely to increase quotation
message traffic beyond the capacity of the Exchange's or OPRA's
systems, or to disrupt the timely dissemination of information.
The Exchange believes that its proposal to eliminate the breakpoint
for penny quoting of all SPY and IWM option series should facilitate
the continuing narrowing of spreads, thereby lowering costs to the
benefit of investors.
This proposal is based on a recent Commission-approved proposal of
the NYSEArca exchange.\5\ The Exchange proposes to designate SPY and
IWM as eligible to quote and trade all options contracts in one cent
increments as of February 1, 2010. This date corresponds with the
second phase-in date for additional classes in the Penny Pilot.
---------------------------------------------------------------------------
\5\ See Securities Exchange Act Release No. 61061 (November 24,
2009), 74 FR 62857 (December 1, 2009) (SR-NYSEArca-2009-44).
---------------------------------------------------------------------------
2. Statutory Basis
The Exchange believes that this proposed rule change is consistent
with Section 6(b) of the Securities Exchange Act of 1934 (the
``Exchange Act'') \6\ in general, and furthers the objectives of
Section 6(b)(5) of the Exchange Act \7\ in particular, in that it is
designed to promote just and equitable principles of trade, remove
impediments to and perfect the mechanisms of a free and open market and
a national market system and, in general, to protect investors and the
public interest, by allowing all SPY and IWM options series to quote in
penny intervals.
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78f(b).
\7\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
B. Self-Regulatory Organization's Statement on Burden on Competition
The proposed rule change does not 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
The Exchange has not solicited, and does not intend to solicit,
comments on this proposed rule change. The Exchange has not received
any written comments from members or other interested parties.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
The Exchange has filed the proposed rule change pursuant to Section
19(b)(3)(A)(iii) of the Act \8\ and Rule 19b-4(f)(6) thereunder.\9\
Because the 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 prior to
30 days from the date on which it was filed, or such shorter time as
the Commission may designate if consistent
[[Page 5366]]
with the protection of investors and the public interest, the proposed
rule change has become effective pursuant to Section 19(b)(3)(A) of the
Act \10\ and Rule 19b-4(f)(6)(iii) thereunder.
---------------------------------------------------------------------------
\8\ 15 U.S.C. 78s(b)(3)(A)(iii).
\9\ 17 CFR 240.19b-4(f)(6).
\10\ 15 U.S.C. 78s(b)(3)(A).
---------------------------------------------------------------------------
A proposed rule change filed under Rule 19b-4(f)(6) normally does
not become operative for 30 days after the date of filing.\11\ However,
Rule 19b-4(f)(6)(iii) permits the Commission to designate a shorter
time if such action is consistent with the protection of investors and
the public interest. The Exchange requested that the Commission waive
the 30-day operative delay, as specified in Rule 19b-4(f)(6)(iii),\12\
which would make the rule change effective and operative upon filing.
---------------------------------------------------------------------------
\11\ 17 CFR 240.19b-4(f)(6)(iii). In addition, Rule 19b-
4(f)(6)(iii) requires the self-regulatory organization to give the
Commission notice of its intent to file the proposed rule change,
along with a brief description and text of the proposed rule change,
at least five business days prior to the date of filing of the
proposed rule change, or such shorter time as designated by the
Commission. ISE has satisfied this requirement.
\12\ 17 CFR 240.19b-4(f)(6)(iii).
---------------------------------------------------------------------------
The Commission believes that waiving the 30-day operative delay is
consistent with the protection of investors and the public interest
because the proposal is based on a recent Commission-approved proposal
submitted by another options exchange \13\ and therefore does not raise
any novel regulatory issues. Further, waiving the operative delay will
allow the Exchange to commence quoting all series of IWM and SPY in
increments of $0.01 effective February 1, 2010, contemporaneously with
other options exchanges. Accordingly, the Commission designates the
proposed rule change as operative upon filing with the Commission.\14\
---------------------------------------------------------------------------
\13\ See supra note 5.
\14\ For purposes only of waiving the operative delay for this
proposal, the Commission has considered the proposed rule's impact
on efficiency, competition, and capital formation. See 15 U.S.C.
78c(f).
---------------------------------------------------------------------------
At any time within 60 days of the filing of 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-ISE-2010-08 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-ISE-2010-08. 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 self-regulatory
organization. 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-ISE-
2010-08 and should be submitted on or before February 23, 2010.
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. 2010-2093 Filed 2-1-10; 8:45 am]
BILLING CODE 8011-01-P