Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Add Seventy-Five Options Classes to the Penny Pilot Program, 6239-6241 [2010-2584]

Download as PDF 6239 Federal Register / Vol. 75, No. 25 / Monday, February 8, 2010 / 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–ISE–2010–02 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–2010–02. 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 ISE. 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– 2010–02 and should be submitted on or before March 1, 2010. Nat’l ranking Symbol For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.10 Florence E. Harmon, Deputy Secretary. [FR Doc. 2010–2587 Filed 2–5–10; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–61455; File No. SR– NASDAQ–2010–013] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Add Seventy-Five Options Classes to the Penny Pilot Program February 1, 2010. 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 January 25, 2010, The NASDAQ Stock Market LLC (‘‘Nasdaq’’) filed with the Securities and Exchange Commission (‘‘SEC’’ or ‘‘Commission’’) the proposed rule change as described in Items I, II and III below, which Items have been prepared by Nasdaq. 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 Nasdaq is filing with the Securities and Exchange Commission (‘‘SEC’’ or ‘‘Commission’’) a proposal for the NASDAQ Options Market (‘‘NOM’’ or ‘‘Exchange’’) to designate seventy-five options classes to be added to the Penny Pilot Program (‘‘Penny Pilot’’ or ‘‘Pilot’’) on February 1, 2010.3 The Exchange is not proposing to amend any rule text, but simply administering or enforcing an existing rule.4 The text of the proposed rule change is available from Nasdaq’s Web site at https://nasdaq.cchwallstreet.com/ Filings/, at Nasdaq’s principal office, Company name 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, Nasdaq included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. Nasdaq has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The purpose of this filing is to identify the next seventy-five options classes to be added to the Penny Pilot effective February 1, 2010. In the Exchange’s immediately effective filing to extend and expand the Penny Pilot through December 31, 2010,5 the Exchange proposed expanding the Pilot four times on a quarterly basis. Each such quarterly expansion would be of the next seventyfive most actively traded multiply listed options classes based on the national average daily volume (‘‘ADV’’) for the six months prior to selection, closing under $200 per share on the Expiration Friday prior to expansion; however, the month immediately preceding the addition of options to the Penny Pilot will not be used for the purpose of the six month analysis. Index option products would be included in the quarterly expansions if the underlying index levels were under 200. The Exchange is identifying, in the chart below, seventy-five options classes that it will add to the Penny Pilot on February 1, 2010, based on ADVs for the six months ending December 31, 2009. Nat’l ranking Symbol WReier-Aviles on DSKGBLS3C1PROD with NOTICES 131 ......................................... ABT Abbott Laboratories 192 ....................................... LEAP 169 ......................................... 151 ......................................... AEM AET Agnico-Eagle Mines Ltd Aetna Inc 205 ....................................... 162 ....................................... LLY LO 10 17 CFR 200.30–3(a)(12). U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 3 The Penny Pilot was established in March 2008 and in October 2009 was expanded and extended through December 31, 2010. See Securities Exchange Act Release Nos. 57579 (March 28, 2008), 73 FR 18587 (April 4, 2008)(SR–NASDAQ–2008– 1 15 VerDate Nov<24>2008 11:51 Feb 05, 2010 Jkt 220001 026)(notice of filing and immediate effectiveness establishing Penny Pilot); 60874 (October 23, 2009)(SR–NASDAQ–2009–091)(notice of filing and immediate effectiveness expanding and extending Penny Pilot); and 60965 (November 9, 2009)(SR– NASDAQ–2009–097)(notice of filing and immediate effectiveness adding seventy-five classes to Penny Pilot). PO 00000 Frm 00073 Fmt 4703 Sfmt 4703 Company name Leap Wireless International Inc. Eli Lilly & Co. Lorillard Inc. 4 See Chapter VI, Section 5 regarding the Penny Pilot. 5 See Securities Exchange Act Release No. 60874 (October 23, 2009), 74 FR 56682 (November 2, 2009)(SR–NASDAQ–2009–091)(notice of filing and immediate effectiveness). E:\FR\FM\08FEN1.SGM 08FEN1 6240 Federal Register / Vol. 75, No. 25 / Monday, February 8, 2010 / Notices Nat’l ranking 156 181 178 117 166 172 209 145 190 ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... Symbol 218 ......................................... BK 194 ......................................... BRCM Aflac Inc Akamai Technologies Inc Applied Materials Inc AMR Corp Abercrombie & Fitch Co Anadarko Petroleum Corp Activision Blizzard Inc Banco Bradesco SA BioCryst Pharmaceuticals Inc Bank of New York Mellon Corp/The Broadcom Corp 184 ......................................... BTU 144 200 211 142 203 143 174 183 BX CAL CF CMCSA CSX CVS CX DD ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... AFL AKAM AMAT AMR ANF APC ATVI BBD BCRX Company name 146 ......................................... 121 ......................................... ERTS EWJ 186 ......................................... FDX 118 ......................................... FNM 182 ......................................... FRE 179 ......................................... Nat’l ranking 152 176 155 217 187 140 177 157 158 Symbol ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... LOW M MCO MET MMM MU NUE OXY PARD 150 ....................................... PEP 141 ....................................... PM Peabody Energy Corp 185 ....................................... PNC Blackstone Group LP Continental Airlines Inc CF Industries Holdings Inc Comcast Corp CSX Corp CVS Caremark Corp Cemex SAB de CV EI du Pont de Nemours & Co Electronic Arts Inc iShares MSCI Japan Index Fund FedEx Corp 216 149 175 212 215 153 219 202 QID SHLD SLM SLW SQNM STEC STX SU ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... 207 ....................................... 196 ....................................... TCK TEVA 135 ....................................... TLT 214 ....................................... TZA 168 ....................................... UAUA GILD Federal National Mortgage Association Federal Home Loan Mortgage Corp Gilead Sciences Inc 154 ....................................... URE 198 ......................................... 170 ......................................... GLW HBC Corning Inc HSBC Holdings PLC 180 ....................................... 204 ....................................... UTX WFR 197 ......................................... HES Hess Corp 115 ....................................... WFT 161 ......................................... 193 ......................................... HL HOG Hecla Mining Co Harley-Davidson Inc 165 ....................................... 191 ....................................... WLP XLB 206 210 213 137 HON JOYG JWN KFT Honeywell International Inc Joy Global Inc Nordstrom Inc Kraft Foods Inc 173 ....................................... 148 ....................................... 130 ....................................... .............................................. XRX XTO YRCW ......................................... ......................................... ......................................... ......................................... WReier-Aviles on DSKGBLS3C1PROD with NOTICES 2. Statutory Basis The Exchange believes that its proposal is consistent with Section 6(b) of the Act 6 in general, and furthers the objectives of Section 6(b)(5) of the Act 7 in particular, in that it is designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in facilitating transactions in securities, and to remove impediments to and perfect the mechanisms of a free and open market and a national market system, by identifying the options classes to be added to the Penny Pilot in a manner 6 15 7 15 consistent with prior approvals and filings. B. Self-Regulatory Organization’s Statement on Burden on Competition Nasdaq does not believe that the proposed rule change will result in any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act. C. Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants or Others Written comments were neither solicited nor received. U.S.C. 78f(b). U.S.C. 78f(b)(5). VerDate Nov<24>2008 11:51 Feb 05, 2010 Frm 00074 Fmt 4703 Sfmt 4703 Philip Morris International Inc. PNC Financial Services Group Inc. ProShares UltraShort QQQ. Sears Holdings Corp. SLM Corp. Silver Wheaton Corp. Sequenom Inc. STEC Inc. Seagate Technology. Suncor Energy Inc. Teck Resources Ltd. Teva Pharmaceutical Industries Ltd. iShares Barclays 20+ Year Treasury Bond Fund. Direxion Daily Small Cap Bear 3X Shares. UAL Corp. ProShares Ultra Real Estate. United Technologies Corp. MEMC Electronic Materials Inc. Weatherford International Ltd. WellPoint Inc. Materials Select Sector SPDR Fund. Xerox Corp. XTO Energy Inc. YRC Worldwide Inc. Pursuant to Section 19(b)(3)(A)(i) of the Act 8 and Rule 19b–4(f)(1) thereunder,9 Nasdaq has designated this proposal as one constituting a stated policy, practice, or interpretation with respect to the meaning, administration, or enforcement of an existing rule. 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, 9 17 PO 00000 Lowe’s Cos Inc. Macy’s Inc. Moody’s Corp. MetLife Inc. 3M Co. Micron Technology Inc. Nucor Corp. Occidental Petroleum Corp. Poniard Pharmaceuticals Inc. PepsiCo Inc/NC. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action 8 15 Jkt 220001 Company name E:\FR\FM\08FEN1.SGM U.S.C. 78s(b)(3)(A)(i). CFR 240.19b–4(f)(1). 08FEN1 Federal Register / Vol. 75, No. 25 / Monday, February 8, 2010 / Notices 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: For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.10 Florence E. Harmon, Deputy Secretary. [FR Doc. 2010–2584 Filed 2–5–10; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION Electronic Comments • Use the Commission’s Internet comment form (https://www.sec.gov/ rules/sro.shtml); or • Send an e-mail to rulecomments@sec.gov. Please include File Number SR–NASDAQ–2010–013 on the subject line. [Release No. 34–61461; File No. SR– NASDAQ–2010–006] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing of Proposed Rule Change To Modify the Press Release Requirements for Listed Companies February 1, 2010. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’),1 and Rule 19b–4 thereunder,2 • Send paper comments in triplicate notice is hereby given that on January to Elizabeth M. Murphy, Secretary, 13, 2010, The NASDAQ Stock Market Securities and Exchange Commission, LLC (‘‘Nasdaq’’) filed with the Securities 100 F Street, NE., Washington, DC and Exchange Commission 20549–1090. (‘‘Commission’’) the proposed rule All submissions should refer to File change as described in Items I, II, and Number SR–NASDAQ–2010–013. This III below, which Items have been file number should be included on the prepared by Nasdaq. The Commission is subject line if e-mail is used. To help the publishing this notice to solicit Commission process and review your comments on the proposed rule change comments more efficiently, please use from interested persons. only one method. The Commission will post all comments on the Commission’s I. Self-Regulatory Organization’s Statement of the Terms of the Substance Internet Web site (https://www.sec.gov/ of the Proposed Rule Change rules/sro.shtml). Copies of the Nasdaq proposes to modify certain of submission, all subsequent the press release requirements for listed amendments, all written statements companies. Nasdaq will implement the with respect to the proposed rule proposed rule upon approval. The text change that are filed with the of the proposed rule change is available Commission, and all written from Nasdaq’s Web site at https:// communications relating to the nasdaq.cchwallstreet.com, at Nasdaq’s proposed rule change between the Commission and any person, other than principal office, and at the Commission’s Public Reference Room. those that may be withheld from the public in accordance with the II. Self-Regulatory Organization’s provisions of 5 U.S.C. 552, will be Statement of the Purpose of, and available for inspection and copying in Statutory Basis for, the Proposed Rule the Commission’s Public Reference Change Room, 100 F Street, NE., Washington, In its filing with the Commission, DC 20549, on official business days Nasdaq included statements concerning between the hours of 10 a.m. and 3 p.m. the purpose of and basis for the Copies of such filing also will be proposed rule change and discussed any available for inspection and copying at comments it received on the proposed the principal office of the Exchange. All rule change. The text of these statements comments received will be posted may be examined at the places specified without change; the Commission does in Item IV below. Nasdaq has prepared not edit personal identifying summaries, set forth in Sections A, B, information from submissions. You and C below, of the most significant should submit only information that aspects of such statements. you wish to make available publicly. All submissions should refer to File No. 10 17 CFR 200.30–3(a)(12). SR–NASDAQ–2010–013 and should be 1 15 U.S.C. 78s(b)(1). submitted on or before March 1, 2010. 2 17 CFR 240.19b–4. WReier-Aviles on DSKGBLS3C1PROD with NOTICES Paper Comments VerDate Nov<24>2008 11:51 Feb 05, 2010 Jkt 220001 PO 00000 Frm 00075 Fmt 4703 Sfmt 4703 6241 A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose There are a number of Nasdaq rules related to the issuer compliance process that require a company to disclose information in a press release or through the news media.3 These rules generally were adopted to address inconsistent issuer disclosure practices and reflected the view, prevalent at that time, that issuing a press release was the only way to assure wide dissemination of an important event. However, in 2002, after the Commission adopted Regulation FD,4 Nasdaq amended its rules to allow listed companies to provide disclosure of material news via any Regulation FD compliant means.5 Since that time Nasdaq has had the opportunity to observe market reaction to news disclosed in ways other than via a press release. Nasdaq’s experience since adopting this rule indicates that there is broad acceptance of Regulation FD compliant methods of disclosure, such as through the use of a Form 8–K. In addition, the Commission has substantially modified its rules regarding the disclosure of information on a Form 8–K.6 As a result Nasdaq’s requirements in some instances are duplicative of the Form 8–K requirements and Nasdaq sees companies forced to make multiple disclosures regarding the same event. Nasdaq believes that investors have come to rely upon Form 8–K disclosure and notes that Form 8–K disclosures are readily available to investors and the information reported on them is widely reported on by the news media. As such, to the extent information is reported on a Form 8–K, Nasdaq believes that duplicate disclosure through a press release is unnecessary and an extra burden on listed companies. Given the foregoing, Nasdaq believes it is appropriate to modify the following rules to permit disclosure either through a press release or by filing a Form 8–K where required by Commission rules: 3 Nasdaq interprets the requirement to disclose information through the news media to be satisfied by the issuance of a press release. 4 17 CFR 243.100–103. Regulation FD permits a company to disclose material information using a method (or combination of methods) of disclosure that is reasonably designed to provide broad, nonexclusionary distribution of the information to the public. 5 Exchange Act Release No. 46901 (November 25, 2002), 67 FR 72011 (December 3, 2002). 6 Exchange Act Release No. 49424 (March 16, 2004), 69 FR 15594 (March 25, 2004). E:\FR\FM\08FEN1.SGM 08FEN1

Agencies

[Federal Register Volume 75, Number 25 (Monday, February 8, 2010)]
[Notices]
[Pages 6239-6241]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-2584]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-61455; File No. SR-NASDAQ-2010-013]


Self-Regulatory Organizations; The NASDAQ Stock Market LLC; 
Notice of Filing and Immediate Effectiveness of a Proposed Rule Change 
To Add Seventy-Five Options Classes to the Penny Pilot Program

February 1, 2010.
    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 January 25, 2010, The NASDAQ Stock Market LLC (``Nasdaq'') filed 
with the Securities and Exchange Commission (``SEC'' or ``Commission'') 
the proposed rule change as described in Items I, II and III below, 
which Items have been prepared by Nasdaq. 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

    Nasdaq is filing with the Securities and Exchange Commission 
(``SEC'' or ``Commission'') a proposal for the NASDAQ Options Market 
(``NOM'' or ``Exchange'') to designate seventy-five options classes to 
be added to the Penny Pilot Program (``Penny Pilot'' or ``Pilot'') on 
February 1, 2010.\3\ The Exchange is not proposing to amend any rule 
text, but simply administering or enforcing an existing rule.\4\
---------------------------------------------------------------------------

    \3\ The Penny Pilot was established in March 2008 and in October 
2009 was expanded and extended through December 31, 2010. See 
Securities Exchange Act Release Nos. 57579 (March 28, 2008), 73 FR 
18587 (April 4, 2008)(SR-NASDAQ-2008-026)(notice of filing and 
immediate effectiveness establishing Penny Pilot); 60874 (October 
23, 2009)(SR-NASDAQ-2009-091)(notice of filing and immediate 
effectiveness expanding and extending Penny Pilot); and 60965 
(November 9, 2009)(SR-NASDAQ-2009-097)(notice of filing and 
immediate effectiveness adding seventy-five classes to Penny Pilot).
    \4\ See Chapter VI, Section 5 regarding the Penny Pilot.
---------------------------------------------------------------------------

    The text of the proposed rule change is available from Nasdaq's Web 
site at https://nasdaq.cchwallstreet.com/Filings/, at Nasdaq'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, Nasdaq included statements 
concerning the purpose of and basis for the proposed rule change and 
discussed any comments it received on the proposed rule change. The 
text of these statements may be examined at the places specified in 
Item IV below. Nasdaq has prepared summaries, set forth in sections A, 
B, and C below, of the most significant aspects of such statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

1. Purpose
    The purpose of this filing is to identify the next seventy-five 
options classes to be added to the Penny Pilot effective February 1, 
2010.
    In the Exchange's immediately effective filing to extend and expand 
the Penny Pilot through December 31, 2010,\5\ the Exchange proposed 
expanding the Pilot four times on a quarterly basis. Each such 
quarterly expansion would be of the next seventy-five most actively 
traded multiply listed options classes based on the national average 
daily volume (``ADV'') for the six months prior to selection, closing 
under $200 per share on the Expiration Friday prior to expansion; 
however, the month immediately preceding the addition of options to the 
Penny Pilot will not be used for the purpose of the six month analysis. 
Index option products would be included in the quarterly expansions if 
the underlying index levels were under 200.
---------------------------------------------------------------------------

    \5\ See Securities Exchange Act Release No. 60874 (October 23, 
2009), 74 FR 56682 (November 2, 2009)(SR-NASDAQ-2009-091)(notice of 
filing and immediate effectiveness).
---------------------------------------------------------------------------

    The Exchange is identifying, in the chart below, seventy-five 
options classes that it will add to the Penny Pilot on February 1, 
2010, based on ADVs for the six months ending December 31, 2009.

----------------------------------------------------------------------------------------------------------------
         Nat'l ranking             Symbol       Company name      Nat'l ranking      Symbol       Company name
----------------------------------------------------------------------------------------------------------------
131...........................  ABT          Abbott             192.............  LEAP         Leap Wireless
                                              Laboratories                                      International
                                                                                                Inc.
169...........................  AEM          Agnico-Eagle       205.............  LLY          Eli Lilly & Co.
                                              Mines Ltd
151...........................  AET          Aetna Inc          162.............  LO           Lorillard Inc.

[[Page 6240]]

 
156...........................  AFL          Aflac Inc          152.............  LOW          Lowe's Cos Inc.
181...........................  AKAM         Akamai             176.............  M            Macy's Inc.
                                              Technologies Inc
178...........................  AMAT         Applied Materials  155.............  MCO          Moody's Corp.
                                              Inc
117...........................  AMR          AMR Corp           217.............  MET          MetLife Inc.
166...........................  ANF          Abercrombie &      187.............  MMM          3M Co.
                                              Fitch Co
172...........................  APC          Anadarko           140.............  MU           Micron Technology
                                              Petroleum Corp                                    Inc.
209...........................  ATVI         Activision         177.............  NUE          Nucor Corp.
                                              Blizzard Inc
145...........................  BBD          Banco Bradesco SA  157.............  OXY          Occidental
                                                                                                Petroleum Corp.
190...........................  BCRX         BioCryst           158.............  PARD         Poniard
                                              Pharmaceuticals                                   Pharmaceuticals
                                              Inc                                               Inc.
218...........................  BK           Bank of New York   150.............  PEP          PepsiCo Inc/NC.
                                              Mellon Corp/The
194...........................  BRCM         Broadcom Corp      141.............  PM           Philip Morris
                                                                                                International
                                                                                                Inc.
184...........................  BTU          Peabody Energy     185.............  PNC          PNC Financial
                                              Corp                                              Services Group
                                                                                                Inc.
144...........................  BX           Blackstone Group   216.............  QID          ProShares
                                              LP                                                UltraShort QQQ.
200...........................  CAL          Continental        149.............  SHLD         Sears Holdings
                                              Airlines Inc                                      Corp.
211...........................  CF           CF Industries      175.............  SLM          SLM Corp.
                                              Holdings Inc
142...........................  CMCSA        Comcast Corp       212.............  SLW          Silver Wheaton
                                                                                                Corp.
203...........................  CSX          CSX Corp           215.............  SQNM         Sequenom Inc.
143...........................  CVS          CVS Caremark Corp  153.............  STEC         STEC Inc.
174...........................  CX           Cemex SAB de CV    219.............  STX          Seagate
                                                                                                Technology.
183...........................  DD           EI du Pont de      202.............  SU           Suncor Energy
                                              Nemours & Co                                      Inc.
146...........................  ERTS         Electronic Arts    207.............  TCK          Teck Resources
                                              Inc                                               Ltd.
121...........................  EWJ          iShares MSCI       196.............  TEVA         Teva
                                              Japan Index Fund                                  Pharmaceutical
                                                                                                Industries Ltd.
186...........................  FDX          FedEx Corp         135.............  TLT          iShares Barclays
                                                                                                20+ Year
                                                                                                Treasury Bond
                                                                                                Fund.
118...........................  FNM          Federal National   214.............  TZA          Direxion Daily
                                              Mortgage                                          Small Cap Bear
                                              Association                                       3X Shares.
182...........................  FRE          Federal Home Loan  168.............  UAUA         UAL Corp.
                                              Mortgage Corp
179...........................  GILD         Gilead Sciences    154.............  URE          ProShares Ultra
                                              Inc                                               Real Estate.
198...........................  GLW          Corning Inc        180.............  UTX          United
                                                                                                Technologies
                                                                                                Corp.
170...........................  HBC          HSBC Holdings PLC  204.............  WFR          MEMC Electronic
                                                                                                Materials Inc.
197...........................  HES          Hess Corp          115.............  WFT          Weatherford
                                                                                                International
                                                                                                Ltd.
161...........................  HL           Hecla Mining Co    165.............  WLP          WellPoint Inc.
193...........................  HOG          Harley-Davidson    191.............  XLB          Materials Select
                                              Inc                                               Sector SPDR
                                                                                                Fund.
206...........................  HON          Honeywell          173.............  XRX          Xerox Corp.
                                              International
                                              Inc
210...........................  JOYG         Joy Global Inc     148.............  XTO          XTO Energy Inc.
213...........................  JWN          Nordstrom Inc      130.............  YRCW         YRC Worldwide
                                                                                                Inc.
137...........................  KFT          Kraft Foods Inc    ................  ...........  .................
----------------------------------------------------------------------------------------------------------------

2. Statutory Basis
    The Exchange believes that its proposal is consistent with Section 
6(b) of the Act \6\ in general, and furthers the objectives of Section 
6(b)(5) of the Act \7\ in particular, in that it is designed to prevent 
fraudulent and manipulative acts and practices, to promote just and 
equitable principles of trade, to foster cooperation and coordination 
with persons engaged in facilitating transactions in securities, and to 
remove impediments to and perfect the mechanisms of a free and open 
market and a national market system, by identifying the options classes 
to be added to the Penny Pilot in a manner consistent with prior 
approvals and filings.
---------------------------------------------------------------------------

    \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

    Nasdaq does not believe that the proposed rule change will result 
in any burden on competition that is not necessary or appropriate in 
furtherance of the purposes of the Act.

C. Self-Regulatory Organization's Statement on Comments on the Proposed 
Rule Change Received From Members, Participants or Others

    Written comments were neither solicited nor received.

III. Date of Effectiveness of the Proposed Rule Change and Timing for 
Commission Action

    Pursuant to Section 19(b)(3)(A)(i) of the Act \8\ and Rule 19b-
4(f)(1) thereunder,\9\ Nasdaq has designated this proposal as one 
constituting a stated policy, practice, or interpretation with respect 
to the meaning, administration, or enforcement of an existing rule.
---------------------------------------------------------------------------

    \8\ 15 U.S.C. 78s(b)(3)(A)(i).
    \9\ 17 CFR 240.19b-4(f)(1).
---------------------------------------------------------------------------

    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,

[[Page 6241]]

or otherwise in furtherance of the purposes of the Act.

IV. Solicitation of Comments

    Interested persons are invited to submit written data, views, and 
arguments concerning the foregoing, including whether the proposed rule 
change is consistent with the Act. Comments may be submitted by any of 
the following methods:

Electronic Comments

     Use the Commission's Internet comment form (https://www.sec.gov/rules/sro.shtml); or
     Send an e-mail to rule-comments@sec.gov. Please include 
File Number SR-NASDAQ-2010-013 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-NASDAQ-2010-013. This 
file number should be included on the subject line if e-mail is used. 
To help the Commission process and review your comments more 
efficiently, please use only one method. The Commission will post all 
comments on the Commission's Internet Web site (https://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, 
all written statements with respect to the proposed rule change that 
are filed with the Commission, and all written communications relating 
to the proposed rule change between the Commission and any person, 
other than those that may be withheld from the public in accordance 
with the provisions of 5 U.S.C. 552, will be available for inspection 
and copying in the Commission's Public Reference Room, 100 F Street, 
NE., Washington, DC 20549, on official business days between the hours 
of 10 a.m. and 3 p.m. Copies of such filing also will be available for 
inspection and copying at the principal office of the Exchange. All 
comments received will be posted without change; the Commission does 
not edit personal identifying information from submissions. You should 
submit only information that you wish to make available publicly. All 
submissions should refer to File No. SR-NASDAQ-2010-013 and should be 
submitted on or before March 1, 2010.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\10\
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    \10\ 17 CFR 200.30-3(a)(12).
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Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-2584 Filed 2-5-10; 8:45 am]
BILLING CODE 8011-01-P
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