Self-Regulatory Organizations; BATS Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Add Seventy-Five Options Classes to the Penny Pilot Program, 26301-26303 [2010-11095]

Download as PDF Federal Register / Vol. 75, No. 90 / Tuesday, May 11, 2010 / Notices available for Web site viewing and copying in the Commission’s Public Reference Section, 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 will also be available for inspection and copying at NYSE Arca’s 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 Number SR–NYSEArca–2010–39 and should be submitted on or before June 1, 2010. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.8 Florence E. Harmon, Deputy Secretary. [FR Doc. 2010–11093 Filed 5–10–10; 8:45 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–62033; File No. SR–BATS– 2010–009] Self-Regulatory Organizations; BATS Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Add Seventy-Five Options Classes to the Penny Pilot Program May 4, 2010. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ‘‘Act’’),1 and Rule 19b–4 thereunder,2 Nat’l ranking I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange is filing with the Commission a proposal for the BATS Exchange Options Market (‘‘BATS Options’’) to designate seventy-five options classes to be added to the Penny Pilot Program (‘‘Penny Pilot’’) on May 3, 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 at the Exchange’s Web site at https://www.batstrading.com, at the principal office of the Exchange, 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 Exchange 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 Nat’l ranking Symbol Security name ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ XLV ......... CIEN ........ AMLN ...... CTIC ........ MDT ........ TIVO ........ MNKD ...... MDVN ...... BRKB ...... APOL ....... BSX ......... XLY ......... 188 ............ 190 ............ 194 ............ CLF ......... ZION ........ IOC .......... Health Care Select Sector SPDR Fund ....... Ciena Corp ................................................... Amylin Pharmaceuticals Inc ......................... Cell Therapeutics Inc ................................... Medtronic Inc ................................................ TiVo Inc ........................................................ MannKind Corp ............................................ Medivation Inc .............................................. Berkshire Hathaway Inc ............................... Apollo Group Inc .......................................... Boston Scientific Corp .................................. Consumer Discretionary Sel. Sec. SPDR Fund. Cliffs Natural Resources Inc ........................ Zions Bancorporation ................................... InterOil Corp ................................................. 153 155 157 158 159 162 163 171 176 178 181 185 emcdonald on DSK2BSOYB1PROD with NOTICES notice is hereby given that on April 30, 2010, BATS Exchange, Inc. (the ‘‘Exchange’’ or ‘‘BATS’’) 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 Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. 8 17 CFR 200.30–3(a)(12). U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 3 The rules of BATS Options, including rules applicable to BATS Options’ participation in the Penny Pilot, were approved on January 26, 2010. 1 15 VerDate Mar<15>2010 19:22 May 10, 2010 Jkt 220001 247 248 249 250 251 253 255 257 258 259 260 261 Frm 00117 Fmt 4703 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 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 May 3, 2010. In the Exchange’s filing to adopt rules to govern BATS Options,5 the Exchange proposed commencing operations for BATS Options by trading all options classes that were, as of such date, traded by other options exchanges pursuant to the Penny Pilot and then expanding the Penny Pilot on a quarterly basis, 75 classes at a time, through August 2010. Each such quarterly expansion would be of the 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, except that the month immediately preceding the addition of options to the Penny Pilot would 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 May 3, 2010, based on ADVs for the six months ending March 31, 2010. Symbol Security name .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... JCP ......... ACL ......... STP ......... TLB .......... SYMC ...... AMED ...... TM ........... HK ........... ENER ...... STT ......... BHP ......... NFLX ....... JC Penney Co Inc. Alcon Inc. Suntech Power Holdings Co Ltd. Talbots Inc. Symantec Corp. Amedisys Inc. Toyota Motor Corp. Petrohawk Energy Corp. Energy Conversion Devices Inc. State Street Corp. BHP Billiton Ltd. NetFlix Inc. 262 .......... 263 .......... 264 .......... LDK ......... SPG ......... TIF ........... LDK Solar Co Ltd. Simon Property Group Inc. Tiffany & Co. See Securities Exchange Act Release No. 61419 (January 26, 2010), 75 FR 5157 (February 1, 2010) (SR–BATS–2009–031). BATS Options commenced operations on February 26, 2010. This proposal represents the first expansion of classes subject to the Penny Pilot since BATS Options commenced operations. PO 00000 26301 Sfmt 4703 4 See Rule 21.5 regarding the Penny Pilot. Securities Exchange Act Release No. 61097 (December 2, 2009), 74 FR 64788 (December 8, 2009) (SR–BATS–2009–031) (Notice of Filing of Proposed Rule Change to Establish Rules Governing the Trading of Options on the BATS Options Exchange. 5 See E:\FR\FM\11MYN1.SGM 11MYN1 26302 Nat’l ranking Federal Register / Vol. 75, No. 90 / Tuesday, May 11, 2010 / Notices Security name InterMune Inc ............................................... GameStop Corp ........................................... Technology Select Sector SPDR Fund ........ AK Steel Holding Corp ................................. Garmin Ltd .................................................... Marvell Technology Group Ltd ..................... Consumer Staples Select Sector SPDR Fund. Union Pacific Corp ....................................... DIRECTV ...................................................... Williams Cos Inc/The ................................... Massey Energy Co ....................................... Celgene Corp ............................................... Green Mountain Coffee Roasters Inc .......... Western Digital Corp .................................... Delta Air Lines Inc ........................................ CurrencyShares Euro Trust ......................... Costco Wholesale Corp ............................... Mead Johnson Nutrition Co ......................... Allstate Corp/The .......................................... Smith International Inc ................................. Raytheon Co ................................................ Devon Energy Corp ...................................... ArcelorMittal .................................................. 197 204 209 210 212 213 215 ............ ............ ............ ............ ............ ............ ............ ITMN ....... GME ........ XLK ......... AKS ......... GRMN ..... MRVL ...... XLP ......... 216 220 223 225 227 229 231 234 235 237 239 240 241 242 243 244 ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ UNP ......... DTV ......... WMB ....... MEE ........ CELG ...... GMCR ..... WDC ........ DAL ......... FXE ......... COST ...... MJN ......... ALL .......... SII ............ RTN ......... DVN ......... MT ........... 2. Statutory Basis The Exchange believes that its proposal is consistent with the requirements of the Act and the rules and regulations thereunder that are applicable to a national securities exchange, and, in particular, with the requirements of Section 6(b) of the Act.6 In particular, the Exchange believes that the proposal is consistent with Section 6(b)(5) of the Act,7 because it would 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, by identifying the options classes to be added to the Penny Pilot in a manner consistent with prior approvals and filings. (B) Self-Regulatory Organization’s Statement on Burden on Competition emcdonald on DSK2BSOYB1PROD with NOTICES (C) Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants or Others The Exchange has neither solicited nor received written comments on the proposed rule change. 7 15 U.S.C. 78f(b). U.S.C. 78f(b)(5). VerDate Mar<15>2010 19:22 May 10, 2010 BUCY ...... WAG ........ IP ............. XME ........ KGC ........ EP ........... SEED ...... Bucyrus International Inc. Walgreen Co. International Paper Co. SPDR S&P Metals & Mining ETF. Kinross Gold Corp. El Paso Corp. Origin Agritech Ltd. 275 .......... 279 .......... 280 .......... 281 .......... 282 .......... 284 .......... 285 .......... 286 .......... 287 .......... 288 .......... 289 .......... 290 .......... 291 .......... 292 .......... 293 .......... ............. WIN ......... DHI .......... ADBE ...... PCX ......... SPWR A .. LCC ......... PRU ......... LEN ......... EWT ........ KBH ......... CREE ...... SIRI ......... MMR ........ CENX ...... GFI .......... ............. Windstream Corp. DR Horton Inc. Adobe Systems Inc. Patriot Coal Corp. SunPower Corp. US Airways Group Inc. Prudential Financial Inc. Lennar Corp. iShares MSCI Taiwan Index Fund. KB Home. Cree Inc. Sirius XM Radio Inc. McMoRan Exploration Co. Century Aluminum Co. Gold Fields Ltd. Pursuant to Section 19(b)(3)(A)(i) of the Act 8 and paragraph (f)(1) of Rule 19b–4 thereunder,9 the Exchange 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, or otherwise in furtherance of the purposes of the Act. Interested persons are invited to submit written data, views and arguments concerning the foregoing, including whether the proposal 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 No. SR–BATS–2010–009 on the subject line. 9 17 PO 00000 U.S.C. 78s(b)(3)(A)(i). CFR 240.19b–4(f)(1). Frm 00118 Fmt 4703 Security name .......... .......... .......... .......... .......... .......... .......... III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action 8 15 Jkt 220001 265 266 268 271 272 273 274 Symbol IV. Solicitation of Comments The Exchange does not believe that the proposed rule change imposes any burden on competition. 6 15 Nat’l ranking Symbol Sfmt 4703 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 No. SR–BATS–2010–009. 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 changes 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 Web site 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 will also 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 E:\FR\FM\11MYN1.SGM 11MYN1 Federal Register / Vol. 75, No. 90 / Tuesday, May 11, 2010 / Notices Office of the Secretary, and at the Commission’s Public Reference Room. available publicly. All submissions should refer to File No. SR–BATS– 2010–009 and should be submitted on or before June 1, 2010. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.10 Florence E. Harmon, Deputy Secretary. [FR Doc. 2010–11095 Filed 5–10–10; 8:45 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–62034; File No. SR–CBOE– 2010–035] Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending CBOE Rules 9.11, 9.18 and 9.21 To Correspond and Harmonize With Rules of the Financial Industry Regulatory Authority, Inc. May 4, 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 the Chicago Board Options Exchange, Incorporated (‘‘Exchange’’ or ‘‘CBOE’’) filed with the Securities and Exchange Commission (the ‘‘Commission’’) on April 9, 2010, the proposed rule change as described in Items I, II, and III below, which Items have been substantially prepared by the Exchange. The Exchange has designated the proposed rule change as constituting a ‘‘non-controversial’’ rule change under paragraph (f)(6) of Rule 19b–4 under the Act,3 which renders the proposal effective upon receipt of the filing by the Commission. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. emcdonald on DSK2BSOYB1PROD with NOTICES I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend its guarantees and profit sharing, confirmation to customers, and options communication rules to harmonize the Exchange’s requirements with those of the Financial Industry Regulatory Authority (‘‘FINRA’’). The text of the proposed rule change is available on the Exchange’s Web site at https:// www.cboe.org/Legal, at the Exchange’s 10 17 CFR 200.30–3(a)(12). U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 3 17 CFR 240.19b–4(f)(6). 1 15 VerDate Mar<15>2010 19:22 May 10, 2010 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 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 Pursuant to Rule 17d–2 under the Act,4 the BATS Exchange, Inc. (‘‘BATS’’), CBOE, C2 Options Exchange, Incorporated (‘‘C2’’), the International Securities Exchange, LLC (‘‘ISE’’), FINRA, the New York Stock Exchange LLC (‘‘NYSE’’), NYSE Amex LLC (‘‘Amex’’), NYSE Arca, Inc. (‘‘Arca’’), The NASDAQ Stock Market LLC (‘‘NASDAQ’’), NASDAQ OMX BX, Inc. (‘‘BX’’), and NASDAQ OMX PHLX, Inc. (‘‘Phlx’’), (collectively the ‘‘Options Self Regulatory Council’’), entered into an agreement dated February 9, 2010 (the ‘‘17d–2 Agreement’’) to allocate regulatory responsibility for common rules. First, by this proposal, the Exchange seeks to harmonize its ‘‘Sharing in Accounts’’ rule with FINRA’s rule pursuant to the terms of the 17d–2 Agreement. In order to maintain substantial similarity with FINRA rules, the Exchange proposes to amend CBOE Rule 9.18(a) to clarify that the prohibition against guarantees also applies to persons associated with a member and to delete the language of CBOE Rule 9.18 related to profit sharing of a customer account, and replace it with the language of FINRA Rule 2150(c), Sharing in Accounts; Extent Permissible. FINRA Rule 2150(c) contains the same prohibition against sharing in accounts as CBOE Rule 9.18, but with additional limited exceptions. The general prohibition contained in CBOE Rule 9.18 against sharing in the profits or losses of a customer account is currently covered by the 17d–2 Agreement. However, the limited 4 17 Jkt 220001 PO 00000 CFR 240.17d–2. Frm 00119 Fmt 4703 exceptions of FINRA Rule 2150(c) are not covered by the 17d–2 Agreement. The Exchange proposes to add those limited exceptions to CBOE Rule 9.18 to harmonize its rule with the FINRA rule and add those limited exceptions pursuant to the 17d–2 Agreement. The portion of the rule prohibiting the guarantee of a customer against loss will remain unchanged. Second, CBOE proposes to amend its confirmation rule, CBOE Rule 9.11, to add a requirement that confirmations disclose whether the transaction was an opening or closing transaction to harmonize the rule with FINRA Rule 2360(b)(12). Third, CBOE proposes to amend its options communication rule, CBOE Rule 9.21, by deleting the term ‘‘market letters’’ in the definition of ‘‘sales literature’’ and adding the term ‘‘market letters’’ to the definition of ‘‘correspondence’’ to harmonize the rule with FINRA Rule 2220 and NASD Rule 2210(a)(2). 2. Statutory Basis CBOE believes that the proposed rule change is consistent with the provisions of, and furthers the objectives of, Section 6(b)(5) of the Act,5 which requires, among other things, that the Exchange’s rules must be 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, to 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. Specifically, the proposed rule changes, by harmonizing CBOE rules with FINRA rules, would provide CBOE Members with a clearer regulatory scheme. The Exchange further notes that the proposed rule changes are neither novel nor controversial and are modeled on existing FINRA rules. B. Self-Regulatory Organization’s Statement on Burden on Competition CBOE 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. 5 15 Sfmt 4703 26303 U.S.C. 78f(b)(5). E:\FR\FM\11MYN1.SGM 11MYN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 75, Number 90 (Tuesday, May 11, 2010)]
[Notices]
[Pages 26301-26303]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-11095]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-62033; File No. SR-BATS-2010-009]

Self-Regulatory Organizations; BATS Exchange, Inc.; Notice of
Filing and Immediate Effectiveness of a Proposed Rule Change to Add
Seventy-Five Options Classes to the Penny Pilot Program

May 4, 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 April 30, 2010, BATS Exchange, Inc. (the ``Exchange'' or
``BATS'') 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 Exchange. 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.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

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

\3\ The rules of BATS Options, including rules applicable to
BATS Options' participation in the Penny Pilot, were approved on
January 26, 2010. See Securities Exchange Act Release No. 61419
(January 26, 2010), 75 FR 5157 (February 1, 2010) (SR-BATS-2009-
031). BATS Options commenced operations on February 26, 2010. This
proposal represents the first expansion of classes subject to the
Penny Pilot since BATS Options commenced operations.
\4\ See Rule 21.5 regarding the Penny Pilot.
---------------------------------------------------------------------------

The text of the proposed rule change is available at the Exchange's
Web site at https://www.batstrading.com, at the principal office of the
Exchange, 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 Exchange 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 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
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 May 3, 2010.
In the Exchange's filing to adopt rules to govern BATS Options,\5\ the
Exchange proposed commencing operations for BATS Options by trading all
options classes that were, as of such date, traded by other options
exchanges pursuant to the Penny Pilot and then expanding the Penny
Pilot on a quarterly basis, 75 classes at a time, through August 2010.
Each such quarterly expansion would be of the 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, except that the month immediately preceding the addition of
options to the Penny Pilot would 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. 61097 (December 2,
2009), 74 FR 64788 (December 8, 2009) (SR-BATS-2009-031) (Notice of
Filing of Proposed Rule Change to Establish Rules Governing the
Trading of Options on the BATS Options Exchange.
---------------------------------------------------------------------------

The Exchange is identifying, in the chart below, seventy-five
options classes that it will add to the Penny Pilot on May 3, 2010,
based on ADVs for the six months ending March 31, 2010.

--------------------------------------------------------------------------------------------------------------------------------------------------------
Nat'l ranking Symbol Security name Nat'l ranking Symbol Security name
--------------------------------------------------------------------------------------------------------------------------------------------------------
153.............................. XLV................. Health Care Select Sector 247................. JCP................. JC Penney Co Inc.
SPDR Fund.
155.............................. CIEN................ Ciena Corp............... 248................. ACL................. Alcon Inc.
157.............................. AMLN................ Amylin Pharmaceuticals 249................. STP................. Suntech Power Holdings
Inc. Co Ltd.
158.............................. CTIC................ Cell Therapeutics Inc.... 250................. TLB................. Talbots Inc.
159.............................. MDT................. Medtronic Inc............ 251................. SYMC................ Symantec Corp.
162.............................. TIVO................ TiVo Inc................. 253................. AMED................ Amedisys Inc.
163.............................. MNKD................ MannKind Corp............ 255................. TM.................. Toyota Motor Corp.
171.............................. MDVN................ Medivation Inc........... 257................. HK.................. Petrohawk Energy Corp.
176.............................. BRKB................ Berkshire Hathaway Inc... 258................. ENER................ Energy Conversion
Devices Inc.
178.............................. APOL................ Apollo Group Inc......... 259................. STT................. State Street Corp.
181.............................. BSX................. Boston Scientific Corp... 260................. BHP................. BHP Billiton Ltd.
185.............................. XLY................. Consumer Discretionary 261................. NFLX................ NetFlix Inc.
Sel. Sec. SPDR Fund.
188.............................. CLF................. Cliffs Natural Resources 262................. LDK................. LDK Solar Co Ltd.
Inc.
190.............................. ZION................ Zions Bancorporation..... 263................. SPG................. Simon Property Group
Inc.
194.............................. IOC................. InterOil Corp............ 264................. TIF................. Tiffany & Co.

[[Page 26302]]

197.............................. ITMN................ InterMune Inc............ 265................. BUCY................ Bucyrus International
Inc.
204.............................. GME................. GameStop Corp............ 266................. WAG................. Walgreen Co.
209.............................. XLK................. Technology Select Sector 268................. IP.................. International Paper Co.
SPDR Fund.
210.............................. AKS................. AK Steel Holding Corp.... 271................. XME................. SPDR S&P Metals & Mining
ETF.
212.............................. GRMN................ Garmin Ltd............... 272................. KGC................. Kinross Gold Corp.
213.............................. MRVL................ Marvell Technology Group 273................. EP.................. El Paso Corp.
Ltd.
215.............................. XLP................. Consumer Staples Select 274................. SEED................ Origin Agritech Ltd.
Sector SPDR Fund.
216.............................. UNP................. Union Pacific Corp....... 275................. WIN................. Windstream Corp.
220.............................. DTV................. DIRECTV.................. 279................. DHI................. DR Horton Inc.
223.............................. WMB................. Williams Cos Inc/The..... 280................. ADBE................ Adobe Systems Inc.
225.............................. MEE................. Massey Energy Co......... 281................. PCX................. Patriot Coal Corp.
227.............................. CELG................ Celgene Corp............. 282................. SPWR A.............. SunPower Corp.
229.............................. GMCR................ Green Mountain Coffee 284................. LCC................. US Airways Group Inc.
Roasters Inc.
231.............................. WDC................. Western Digital Corp..... 285................. PRU................. Prudential Financial
Inc.
234.............................. DAL................. Delta Air Lines Inc...... 286................. LEN................. Lennar Corp.
235.............................. FXE................. CurrencyShares Euro Trust 287................. EWT................. iShares MSCI Taiwan
Index Fund.
237.............................. COST................ Costco Wholesale Corp.... 288................. KBH................. KB Home.
239.............................. MJN................. Mead Johnson Nutrition Co 289................. CREE................ Cree Inc.
240.............................. ALL................. Allstate Corp/The........ 290................. SIRI................ Sirius XM Radio Inc.
241.............................. SII................. Smith International Inc.. 291................. MMR................. McMoRan Exploration Co.
242.............................. RTN................. Raytheon Co.............. 292................. CENX................ Century Aluminum Co.
243.............................. DVN................. Devon Energy Corp........ 293................. GFI................. Gold Fields Ltd.
244.............................. MT.................. ArcelorMittal............ .................... .................... ........................
--------------------------------------------------------------------------------------------------------------------------------------------------------

2. Statutory Basis
The Exchange believes that its proposal is consistent with the
requirements of the Act and the rules and regulations thereunder that
are applicable to a national securities exchange, and, in particular,
with the requirements of Section 6(b) of the Act.\6\ In particular, the
Exchange believes that the proposal is consistent with Section 6(b)(5)
of the Act,\7\ because it would 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, 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

The Exchange does not believe that the proposed rule change imposes
any burden on competition.

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

The Exchange has neither solicited nor received written comments on
the proposed rule change.

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 paragraph
(f)(1) of Rule 19b-4 thereunder,\9\ the Exchange 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, 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 proposal 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 No. SR-BATS-2010-009 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 No. SR-BATS-2010-009. 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 changes 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 Web site 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 will also 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

[[Page 26303]]

available publicly. All submissions should refer to File No. SR-BATS-
2010-009 and should be submitted on or before June 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. 2010-11095 Filed 5-10-10; 8:45 am]
BILLING CODE 8010-01-P

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