Sunshine Act Meeting, 8416 [2010-3792]

Download as PDF 8416 Federal Register / Vol. 75, No. 36 / Wednesday, February 24, 2010 / Notices public in accordance with the provisions of 5 U.S.C. 552, will be available for Web viewing and printing 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 BATS’ principal office. 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. 4–443 and should be submitted on or before March 17, 2010. Dated: February 19, 2010. Elizabeth M. Murphy, Secretary. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.7 Florence E. Harmon, Deputy Secretary. 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, NASDAQ OMX BX, Inc. (the ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Items I, II, and III below, which Items have been prepared by the self-regulatory organization. The Exchange filed Amendment No 1. to the proposed rule change on February 10, 2010.3 The Commission is publishing this notice to solicit comments on the proposed rule change, as amended, from interested persons. [FR Doc. 2010–3545 Filed 2–23–10; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION pwalker on DSK8KYBLC1PROD with NOTICES Sunshine Act Meeting Notice is hereby given, pursuant to the provisions of the Government in the Sunshine Act, Public Law 94–409, that the Securities and Exchange Commission will hold an Open Meeting on February 24, 2010 at 10 a.m., in the Auditorium, Room L–002. Commissioner Casey, as duty officer, determined that no earlier notice thereof was possible. The subject matter of the Open Meeting will be: Item 1: The Commission will consider whether to adopt amendments to Rules 201 and 200(g) of Regulation SHO relating to short sale restrictions. Item 2: The Commission will consider whether to publish a statement regarding its continued support for a single-set of high-quality globally accepted accounting standards and its ongoing consideration of incorporating International Financial Reporting Standards into the financial reporting system for U.S. issuers. At times, changes in Commission priorities require alterations in the scheduling of meeting items. For further information and to ascertain what, if any, matters have been added, deleted or postponed, please contact: The Office of the Secretary at (202) 551–5400. 7 17 CFR 200.30–3(a)(29). VerDate Nov<24>2008 16:49 Feb 23, 2010 Jkt 220001 [FR Doc. 2010–3792 Filed 2–22–10; 11:15 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–61531; File No. SR–BX– 2010–009] Self-Regulatory Organizations; NASDAQ OMX BX, Inc.; Notice of Filing of Proposed Rule Change and Amendment No. 1 Thereto Relating to the Directed Order Process on the Boston Options Exchange Facility February 17, 2010. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend the Rules of the Boston Options Exchange Group, LLC (‘‘BOX’’) to modify the Directed Order process on BOX. The text of the proposed rule change is available from the principal office of the Exchange, at the Commission’s Public Reference Room and also on the Exchange’s Internet website at https:// nasdaqomxbx.cchwallstreet.com/ NASDAQOMXBX/Filings/. 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 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 Amendment No. 1 added clarifying language regarding the implementation of the proposed rule change and removed erroneously included information. 2 17 PO 00000 Frm 00123 Fmt 4703 Sfmt 4703 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 Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange is proposing modifications to the Directed Order process on BOX.4 When a BOX Market Maker indicates its interest in receiving Directed Orders, the receiving Market Maker is referred to as the Executing Participant (‘‘EP’’). Specifically, the Exchange is proposing to automate the creation of the Guaranteed Directed Order (‘‘GDO’’) and the manner in which the quote of the EP is handled during the Directed Order process. ‘Quote Shelving’ and ‘GDO’ Upon receipt of a Directed Order an EP must either submit the Directed Order to the PIP 5 or send the Directed Order to the BOX Book. Currently, when the EP sends the Directed Order to the BOX Book and the EP’s quotation on the opposite side of the market from the Directed Order is equal to the National Best Bid or Offer (‘‘NBBO’’) and the Directed Order is also executable against the NBBO, the EP must guarantee execution of the Directed Order at the current NBBO for at least the size of his quote. This guarantee is called the GDO. The EP must immediately send the Directed Order with the GDO to the Trading Host. Sending the GDO to the Trading Host enables it to simultaneously take down or ‘shelve’ the EP’s quote and any pending quote updates while the Directed Order is being exposed on the BOX Book.6 4 A Directed Order is any Customer Order to buy or sell which has been directed to a particular Market Maker by an OFP. See Chapter I, Section 1(21) (sic) of the BOX Rules. Terms not otherwise defined herein shall have the meaning assigned to them in the BOX Rules. 5 See Chapter V, Section 18 of the BOX Rules. 6 The proposal clarifies in Section 5(c)(iii)(2)(b)(2) and (3) that when the EP does not PIP the Directed Order and releases it to the BOX Book, the Directed Order will immediately execute against the BOX Book if the BOX Best Bid or Offer is equal to or better than the NBBO and GDO. Any remaining quantity not executed will immediately be exposed to BOX Participants at the better of the NBBO or GDO price. This exposure period will last three (3) seconds, during which time any Options Participant, except for the EP, may submit an order to the BOX Book in response. Any orders submitted to the BOX Book during the three second period will execute immediately against any remaining quantity of the Directed Order, in time priority. E:\FR\FM\24FEN1.SGM 24FEN1

Agencies

[Federal Register Volume 75, Number 36 (Wednesday, February 24, 2010)]
[Notices]
[Page 8416]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-3792]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meeting

    Notice is hereby given, pursuant to the provisions of the 
Government in the Sunshine Act, Public Law 94-409, that the Securities 
and Exchange Commission will hold an Open Meeting on February 24, 2010 
at 10 a.m., in the Auditorium, Room L-002.
    Commissioner Casey, as duty officer, determined that no earlier 
notice thereof was possible.
    The subject matter of the Open Meeting will be:
    Item 1: The Commission will consider whether to adopt amendments to 
Rules 201 and 200(g) of Regulation SHO relating to short sale 
restrictions.
    Item 2: The Commission will consider whether to publish a statement 
regarding its continued support for a single-set of high-quality 
globally accepted accounting standards and its ongoing consideration of 
incorporating International Financial Reporting Standards into the 
financial reporting system for U.S. issuers.
    At times, changes in Commission priorities require alterations in 
the scheduling of meeting items.
    For further information and to ascertain what, if any, matters have 
been added, deleted or postponed, please contact:
    The Office of the Secretary at (202) 551-5400.

    Dated: February 19, 2010.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2010-3792 Filed 2-22-10; 11:15 am]
BILLING CODE 8011-01-P
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