Sunshine Act Meeting, 12318 [2010-5728]
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12318
Federal Register / Vol. 75, No. 49 / Monday, March 15, 2010 / Notices
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.
SECURITIES AND EXCHANGE
COMMISSION
SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meeting
[Release No. 34–61666; File No. SR–
NASDAQ–2010–027]
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 a Closed Meeting
on Thursday, March 18, 2010 at 2 p.m.
Commissioners, Counsel to the
Commissioners, the Secretary to the
Commission, and recording secretaries
will attend the Closed Meeting. Certain
staff members who have an interest in
the matters also may be present.
The General Counsel of the
Commission, or his designee, has
certified that, in his opinion, one or
more of the exemptions set forth in 5
U.S.C. 552b(c)(3), (5), (6), (7), 9(B) and
(10) and 17 CFR 200.402(a)(3), (5), (6),
(7), 9(ii) and (10), permit consideration
of the scheduled matters at the Closed
Meeting.
Commissioner Paredes, as duty
officer, voted to consider the items
listed for the Closed Meeting in a closed
session.
The subject matter of the Closed
Meeting scheduled for Thursday, March
18, 2010 will be:
Institution and settlement of
injunctive actions;
Institution and settlement of
administrative proceedings;
Collection matters;
Consideration of amicus participation;
and
Other matters relating to enforcement
proceedings.
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.
Self-Regulatory Organizations; The
NASDAQ Stock Market LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change Relating to
Pricing for Option Orders Routed to
Away Markets
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
March 5, 2010.
NASDAQ is proposing to modify Rule
7050 governing the fees assessed for
execution of options orders entered into
NOM but routed to and executed on
away markets (‘‘routing fees’’). When
NASDAQ began trading standardized
options on March 31, 2008, it assessed
a routing fee based upon an
approximation of the cost to NASDAQ
of executing such orders at those
markets. NASDAQ later determined that
the superior approach for executions on
away markets at the time was to passthrough to NASDAQ members the
actual fees assessed by away markets
plus the clearing fees for the execution
of orders routed from NASDAQ.
NASDAQ proposes to simplify Rule
7050 by eliminating entirely all current
NOM pass-through fees and replacing
those fees with the following new
routing fees: (i) A $0.36 per contract
side fee for customer orders routed to
BATS Exchange, Inc. (‘‘BATS’’) in all
options, (ii) a $.06 per contract side fee
for customer orders routed to the Boston
Options Exchange Group LLC (‘‘BOX’’)
in all options; (iii) a $0.06 per contract
side fee for customer orders routed to
the Chicago Board Options Exchange,
Inc. (‘‘CBOE’’) in all options; (iv) a $.06
per contract side fee for customer orders
routed to International Securities
Exchange, LLC (‘‘ISE’’) in all options; (v)
a $0.50 per contract side fee for
customer orders routed to NYSE Arca,
Inc. (‘‘NYSEArca’’) in options included
in the penny pilot (‘‘penny options’’);
(vi) a $0.06 per contract side fee for
customer orders routed to NYSE Arca
non-penny options; (vii) a $0.06 per
contract side fee for customer orders
routed to NYSE Amex LLC (‘‘NYSE
Amex’’) in all options; (viii) a $0.30 per
contract side fee for customer orders
routed to NASDAQ OMX PHLX, Inc.
(‘‘Phlx’’) in AMZN, C, BAC, DELL, DIA,
DRYS, EK, GDX, GE, GS, IWM, MSFT,
QCOM, QQQQ, RIMM, SBUX, SKF,
SLV, SMH, SPY, UNG, USO, UYG,
WYNN, and XLF options; (ix) a $0.06
per contract side fee for customer orders
routed to Phlx in all other options; and
(x) a $0.55 per contract side fee for all
Firm and Market Maker orders routed
by the Exchange to away markets.
emcdonald on DSK2BSOYB1PROD with NOTICES
Dated: March 11, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–5728 Filed 3–11–10; 4:15 pm]
BILLING CODE 8011–01–P
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 March 2,
2010, The NASDAQ Stock Market LLC
(‘‘NASDAQ’’ or ‘‘Exchange’’) 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.
Pursuant to Section 19(b)(3)(A)(ii) of the
Act 3 and Rule 19b–4(f)(2) thereunder,4
NASDAQ has designated this proposal
as establishing or changing a due, fee, or
other charge, which renders the
proposed rule change effective upon
filing. 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 the Substance
of the Proposed Rule Change
NASDAQ proposes to modify Rule
7050 governing pricing for NASDAQ
members using the NASDAQ Options
Market (‘‘NOM’’), NASDAQ’s facility for
executing and routing standardized
equity and index options. NASDAQ will
make the proposed rule change effective
for transactions settling on or after
March 2, 2010.
The text of the proposed rule change
is available at https://
nasdaqomx.cchwallstreet.com/, 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
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A)(ii).
4 17 CFR 240.19b–4(f)(2).
2 17
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[Federal Register Volume 75, Number 49 (Monday, March 15, 2010)]
[Notices]
[Page 12318]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-5728]
[[Page 12318]]
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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 a Closed Meeting on Thursday, March
18, 2010 at 2 p.m.
Commissioners, Counsel to the Commissioners, the Secretary to the
Commission, and recording secretaries will attend the Closed Meeting.
Certain staff members who have an interest in the matters also may be
present.
The General Counsel of the Commission, or his designee, has
certified that, in his opinion, one or more of the exemptions set forth
in 5 U.S.C. 552b(c)(3), (5), (6), (7), 9(B) and (10) and 17 CFR
200.402(a)(3), (5), (6), (7), 9(ii) and (10), permit consideration of
the scheduled matters at the Closed Meeting.
Commissioner Paredes, as duty officer, voted to consider the items
listed for the Closed Meeting in a closed session.
The subject matter of the Closed Meeting scheduled for Thursday,
March 18, 2010 will be:
Institution and settlement of injunctive actions;
Institution and settlement of administrative proceedings;
Collection matters;
Consideration of amicus participation; and
Other matters relating to enforcement proceedings.
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: March 11, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-5728 Filed 3-11-10; 4:15 pm]
BILLING CODE 8011-01-P
