Self-Regulatory Organizations; BATS Exchange, Inc.; Chicago Board Options Exchange, Incorporated; Chicago Stock Exchange, Inc.; EDGA Exchange, Inc.; EDGX Exchange, Inc.; Financial Industry Regulatory Authority, Inc.; International Securities Exchange LLC; NASDAQ OMX BX, Inc.; The NASDAQ Stock Market LLC; National Stock Exchange, Inc.; New York Stock Exchange LLC; NYSE Amex LLC; NYSE Arca, Inc.; Correction, 52558 [2010-21176]

Download as PDF 52558 Federal Register / Vol. 75, No. 165 / Thursday, August 26, 2010 / Notices SECURITIES AND EXCHANGE COMMISSION SECURITIES AND EXCHANGE COMMISSION [Release No. 34–62688A; File Nos. SR– BATS–2010–018; SR–BX–2010–044; SR– CBOE–2010–065; SR–CHX–2010–14; SR– EDGA–2010–05; SR–EDGX–2010–05; SR– FINRA–2010–033; SR–ISE–2010–66; SR– NYSE–2010–49; SR–NYSEAmex-2010–63; SR–NYSEArca–2010–61; SR–NASDAQ– 2010–079; SR–NSX–2010–08] [Release No. 34–62744; File No. SR–Phlx– 2010–105] Self-Regulatory Organizations; BATS Exchange, Inc.; Chicago Board Options Exchange, Incorporated; Chicago Stock Exchange, Inc.; EDGA Exchange, Inc.; EDGX Exchange, Inc.; Financial Industry Regulatory Authority, Inc.; International Securities Exchange LLC; NASDAQ OMX BX, Inc.; The NASDAQ Stock Market LLC; National Stock Exchange, Inc.; New York Stock Exchange LLC; NYSE Amex LLC; NYSE Arca, Inc.; Correction August 19, 2010. August 19, 2010. The Securities and Exchange Commission published a document in the Federal Register of August 18, 2010, concerning a Notice of Designation of Longer Period for Commission Action on Proposed Rule Changes Relating to Trading Pauses Due to Extraordinary Market Volatility by BATS Exchange, Inc.; Chicago Board Options Exchange, Incorporated; Chicago Stock Exchange, Inc.; EDGA Exchange, Inc.; EDGX Exchange, Inc.; Financial Industry Regulatory Authority, Inc.; International Securities Exchange LLC; NASDAQ OMX BX, Inc.; The NASDAQ Stock Market LLC; National Stock Exchange, Inc.; New York Stock Exchange LLC; NYSE Amex LLC; and NYSE Arca, Inc. The document contained a typographical error in the signature block. In the Federal Register of August 18, 2010, in FR Doc. 2010–20366, on page 51138, in the 3rd column, correct the signature block to read ‘‘By the Commission’’ and remove footnote 7. Florence E. Harmon, Deputy Secretary. [FR Doc. 2010–21176 Filed 8–25–10; 8:45 am] mstockstill on DSKH9S0YB1PROD with NOTICES BILLING CODE 8010–01–P Self-Regulatory Organizations; NASDAQ OMX PHLX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to the Cancellation Fee 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 August 13, 2010, NASDAQ OMX PHLX, Inc. (‘‘Phlx’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Items I and II 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. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to assess a Cancellation Fee on all electronically delivered all-or-none (‘‘AON’’) orders that are submitted by a Professional and subsequently cancelled by the party that originally submitted the order. The text of the proposed rule change is available on the Exchange’s Web site at https://nasdaqtrader.com/ micro.aspx?id=PHLXfilings, 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 aspects of such statements. 1 15 2 17 VerDate Mar<15>2010 20:12 Aug 25, 2010 Jkt 220001 PO 00000 U.S.C. 78s(b)(1). CFR 240.19b–4. Frm 00055 Fmt 4703 Sfmt 4703 A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The purpose of the proposed rule change is to amend the manner in which the Cancellation Fee is assessed on members. The Exchange proposes to assess a Cancellation Fee of $1.10 on all electronically delivered 3 AON orders that are submitted by a Professional 4 (hereafter ‘‘Professional AON’’) and subsequently cancelled by the party that originally submitted the order. The Exchange has observed that the number of cancelled Professional AON orders greatly exceeds the normal order cancellation activity on the Exchange for all other order types, and thus affects the automated order handling capacity of the Exchange’s systems. The Exchange proposes to include Professional AON orders into the calculation of cancelled orders to assess the Cancellation Fee to recover costs associated with system issues that are attributable to cancelled AON orders. A Professional order is treated, for purposes of priority, as a Customer order.5 Currently, the Exchange assesses a Cancellation Fee of $2.10 per order on member organizations for each cancelled electronically delivered Customer order that exceeds the number of Customer orders executed on the Exchange by that member organization in a given month. The Exchange calculates the Cancellation Fee by aggregating all Customer orders and cancellations received from a member organization in a particular calendar month. At least 500 Customer cancellations must be made in a given month by a member organization in order for a member organization to be assessed the Cancellation Fee (‘‘500 Threshold’’). The Cancellation Fee is not assessed in a month in which fewer than 500 electronically delivered Customer orders 6 are cancelled. Simple 3 Electronically delivered orders are delivered through the Exchange’s options trading platform known as PHLX XL II. 4 Currently, a Professional is treated in the same manner as an off-floor broker-dealer for purposes of Rules 1014(g) (except with respect to AON orders, which will be treated like Customer orders), 1033(e), 1064.02 (except professional orders will be considered Customer orders subject to facilitation), and 1080.08 as well as Options Floor Procedure Advices B–6, B–11 and F–5. Member organizations must indicate whether orders are for professionals. 5 Id. 6 For purposes of assessing the Cancellation Fee, Customer orders from the same member organization in the same series on the same side of the market that are executed at the same price E:\FR\FM\26AUN1.SGM 26AUN1

Agencies

[Federal Register Volume 75, Number 165 (Thursday, August 26, 2010)]
[Notices]
[Page 52558]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-21176]



[[Page 52558]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-62688A; File Nos. SR-BATS-2010-018; SR-BX-2010-044; SR-
CBOE-2010-065; SR-CHX-2010-14; SR-EDGA-2010-05; SR-EDGX-2010-05; SR-
FINRA-2010-033; SR-ISE-2010-66; SR-NYSE-2010-49; SR-NYSEAmex-2010-63; 
SR-NYSEArca-2010-61; SR-NASDAQ-2010-079; SR-NSX-2010-08]


Self-Regulatory Organizations; BATS Exchange, Inc.; Chicago Board 
Options Exchange, Incorporated; Chicago Stock Exchange, Inc.; EDGA 
Exchange, Inc.; EDGX Exchange, Inc.; Financial Industry Regulatory 
Authority, Inc.; International Securities Exchange LLC; NASDAQ OMX BX, 
Inc.; The NASDAQ Stock Market LLC; National Stock Exchange, Inc.; New 
York Stock Exchange LLC; NYSE Amex LLC; NYSE Arca, Inc.; Correction

August 19, 2010.
    The Securities and Exchange Commission published a document in the 
Federal Register of August 18, 2010, concerning a Notice of Designation 
of Longer Period for Commission Action on Proposed Rule Changes 
Relating to Trading Pauses Due to Extraordinary Market Volatility by 
BATS Exchange, Inc.; Chicago Board Options Exchange, Incorporated; 
Chicago Stock Exchange, Inc.; EDGA Exchange, Inc.; EDGX Exchange, Inc.; 
Financial Industry Regulatory Authority, Inc.; International Securities 
Exchange LLC; NASDAQ OMX BX, Inc.; The NASDAQ Stock Market LLC; 
National Stock Exchange, Inc.; New York Stock Exchange LLC; NYSE Amex 
LLC; and NYSE Arca, Inc. The document contained a typographical error 
in the signature block.
    In the Federal Register of August 18, 2010, in FR Doc. 2010-20366, 
on page 51138, in the 3rd column, correct the signature block to read 
``By the Commission'' and remove footnote 7.

Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-21176 Filed 8-25-10; 8:45 am]
BILLING CODE 8010-01-P
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