Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Increase the Class Quoting Limit in One Option Class, 34279-34281 [2011-14519]
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Federal Register / Vol. 76, No. 113 / Monday, June 13, 2011 / Notices
competition and be beneficial to traders
and market participants by providing
them with a means to trade on the
Exchange securities that are listed and
traded on other exchanges.
2. Statutory Basis
The Exchange believes the proposed
rule change is consistent with the Act 7
and the rules and regulations
thereunder and, in particular, the
requirements of Section 6(b) of the Act.8
Specifically, the Exchange believes the
proposed rule change is consistent with
the Section 6(b)(5) 9 requirements that
the rules of an exchange be designed to
promote just and equitable principles of
trade, to prevent fraudulent and
manipulative acts, to remove
impediments to and to perfect the
mechanism for a free and open market
and a national market system, and, in
general, to protect investors and the
public interest. In particular, the
proposed rule change will permit the
Exchange to accommodate requests
made by its Trading Privilege Holders
and other market participants to list the
additional expiration months and thus
encourage competition without harming
investors or the public interest.
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.
emcdonald on DSK2BSOYB1PROD with NOTICES
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
No written comments were solicited
or received with respect to the proposed
rule change.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Because the foregoing proposed rule
change does not significantly affect the
protection of investors or the public
interest, does not impose any significant
burden on competition, and, by its
terms, does not become operative for 30
days from the date on which it was
filed, or such shorter time as the
Commission may designate, it has
become effective pursuant to Section
19(b)(3)(A) of the Act 10 and Rule 19b4(f)(6) thereunder.11
7 15
U.S.C. 78s(b)(1).
U.S.C. 78f(b).
9 15 U.S.C. 78f(b)(5).
10 15 U.S.C. 78s(b)(3)(A).
11 17 CFR 240.19b–4(f)(6). In addition, Rule 19b–
4(f)(6)(iii) requires the Exchange to give the
8 15
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The Exchange has requested that the
Commission waive the 30-day operative
delay. The Commission believes that
waiver of the operative delay is
consistent with the protection of
investors and the public interest
because the proposal should promote
competition by allowing the Exchange,
without undue delay, to list and trade
option series that are trading on other
options exchanges. Therefore, the
Commission designates the proposal
operative upon filing.12
At any time within 60 days of the
filing of the proposed rule change, the
Commission summarily may
temporarily suspend 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 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 rulecomments@sec.gov. Please include File
Number SR–CBOE–2011–053 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–CBOE–2011–053. 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
Commission written notice of the Exchange’s intent
to file the proposed rule change, along with a brief
description and text of the proposed rule change,
at least five business days prior to the date of filing
of the proposed rule change, or such shorter time
as designated by the Commission. The Commission
has waived the five-day prefiling requirement in
this case.
12 For purposes only of waiving the 30-day
operative delay, the Commission has considered the
proposed rule’s impact on efficiency, competition,
and capital formation. See 15 U.S.C. 78c(f).
PO 00000
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34279
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 website 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 the 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 Number SR–CBOE–
2011–053 and should be submitted on
or before July 5, 2011.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.13
Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011–14516 Filed 6–10–11; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–64617; File No. SR–CBOE–
2011–050]
Self-Regulatory Organizations;
Chicago Board Options Exchange,
Incorporated; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Increase the Class
Quoting Limit in One Option Class
June 7, 2011.
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 May 25,
2011, the Chicago Board Options
Exchange, Incorporated (‘‘CBOE’’or
‘‘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 Exchange. The
Exchange has designated this proposal
as one constituting a stated policy,
practice, or interpretation with respect
13 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15
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13JNN1
34280
Federal Register / Vol. 76, No. 113 / Monday, June 13, 2011 / Notices
to the meaning, administration, or
enforcement of an existing rule under
Section 19(b)(3)(A)(i) of the Act, and
Rule 19b–4(f)(1) thereunder, which
renders the proposal effective upon
filing with the Commission. 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 increase
the class quoting limit in one option
class. The text of the proposed rule
change is available on CBOE’s Web site
(https://www.cboe.org/legal), at the
CBOE’s Office of the Secretary, 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.
emcdonald on DSK2BSOYB1PROD with NOTICES
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
CBOE Rule 8.3A, Maximum Number
of Market Participants Quoting
Electronically per Product, establishes
class quoting limits (‘‘CQLs’’) for each
class traded on the Hybrid Trading
System.3 A CQL is the maximum
number of quoters that may quote
electronically in a given product and
Rule 8.3A, Interpretation .01(a) provides
that the current levels are generally
established at 50.
In addition, Rule 8.3A, Interpretation
.01(b) provides a procedure by which
the President of the Exchange may
increase the CQL for an existing or new
product. In this regard, the President of
the Exchange may increase the CQL in
a particular product when he deems it
appropriate. The effect of an increase in
the CQL is procompetitive in that it
increases the number of market
participants that may quote
electronically in a product. The purpose
3 See
Rule 8.3A.01.
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of this filing is to increase the CQL in
options on the CBOE Volatility Index
(VIX) from its current limit of 60 4 to 70,
which CBOE’s President has determined
would be appropriate. Increasing the
CQL also may enhance the liquidity
offered in the option class. Lastly, CBOE
represents that it has the systems
capacity to support this increase in the
CQL.
2. Statutory Basis
CBOE believes the proposed rule
change is consistent with the Act and
the rules and regulations under the Act
applicable to a national securities
exchange and, in particular, the
requirements of section 6(b) of the Act.5
Specifically, the Exchange believes the
proposed rule change is consistent with
the Section 6(b)(5) 6 requirements that
the rules of an exchange be designed to
promote just and equitable principles of
trade, to prevent fraudulent and
manipulative acts and, in general, to
protect investors and the public interest.
As indicated above, the Exchange
believes that increasing the CQL in this
option class is procompetitive and may
enhance the liquidity offered.
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 Exchange Act.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
The Exchange neither received nor
solicited written comments on the
proposal.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The foregoing proposed rule change
will take effect upon filing with the
Commission pursuant to Section
19(b)(3)(A)(i) of the Act 7 and Rule 19b–
4(f)(1) thereunder,8 because it
constitutes 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
4 See Securities Exchange Act Release No. 63001
(September 28, 2010), 75 FR 61538 (October 5,
2010) (SR–CBOE–2010–85) (increasing the VIX CQL
from 50 to 60).
5 15 U.S.C. 78(f)(b).
6 15 U.S.C. 78(f)(b)(5).
7 15 U.S.C. 78s(b)(3)(A)(i).
8 17 CFR 240.19b–4(f)(1).
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Sfmt 4703
Commission summarily may
temporarily suspend 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 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 rulecomments@sec.gov. Please include File
Number SR–CBOE–2011–050 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–CBOE–2011–050. 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 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 the 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 Number SR–CBOE–
E:\FR\FM\13JNN1.SGM
13JNN1
Federal Register / Vol. 76, No. 113 / Monday, June 13, 2011 / Notices
2011–050 and should be submitted on
or before July 5, 2011.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.9
Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011–14519 Filed 6–10–11; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–64616; File No. SR–
NASDAQ–2011–077]
Self-Regulatory Organizations; The
NASDAQ Stock Market LLC; Notice of
Filing of Proposed Rule Change To
Adopt a Risk Monitor Mechanism
June 7, 2011.
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 June 1,
2011, The NASDAQ Stock Market LLC
(‘‘NASDAQ’’) 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 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
(‘‘Commission’’) a proposal for the
NASDAQ Options Market (‘‘NOM’’) to
amend Chapter VI, Trading Systems, to
adopt new Section 19, Risk Monitor
Mechanism, to provide a risk monitor
mechanism for all NOM Participants.3
This change is scheduled to be
implemented on NOM on or about
August 1, 2011; the Exchange will
announce the implementation schedule
by Options Trader Alert, once the
rollout schedule is finalized.
The text of the proposed rule change
is available at
9 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 The term ‘‘Options Participant’’ or ‘‘Participant’’
means a firm or organization that is registered with
the Exchange pursuant to Chapter II of the NOM
Rules for purposes of participating in options
trading on NOM as a ‘‘Nasdaq Options Order Entry
Firm’’ or ‘‘Nasdaq Options Market Maker.’’
emcdonald on DSK2BSOYB1PROD with NOTICES
1 15
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nasdaq.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
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 the proposed rule
change is to reflect in NOM’s rules that
Participants will be able to establish
new risk control parameters.
Specifically, NASDAQ proposes to
adopt new Chapter VI, Section 19, Risk
Monitor Mechanism, which is very
similar to NASDAQ OMX PHLX
(‘‘PHLX’’) Rule 1093 (as explained in
detail below) and is intended to bring
this aspect of PHLX’s technological
functionality to NOM. The Risk Monitor
Mechanism provides protection from
the risk of multiple executions across
multiple series of an option. The risk to
Participants is not limited to a single
series in an option; Participants have
exposure in all series of a particular
option, requiring them to offset or hedge
their overall position in an option.
In particular, the Risk Monitor
Mechanism will be useful for Market
Makers,4 who are required to
continuously quote in assigned options.
Quoting across many series in an option
creates the possibility of ‘‘rapid fire’’
executions that can create large,
unintended principal positions that
expose the Market Maker to unnecessary
market risk. The Risk Monitor
Mechanism is intended to assist such
Participants in managing their market
risk.
Though the Risk Monitor Mechanism
will be most useful to Market Makers,
4 Unlike the PHLX Risk Monitor Mechanism, the
NOM Risk Monitor Mechanism will be available to
all Participants, not just Market Makers.
PO 00000
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34281
the Exchange proposes to offer the
functionality to all participant types.
There are other firms that trade on a
proprietary basis and provide liquidity
to the Exchange; these firms could
potentially benefit, similarly to Market
Makers, from the Risk Monitor
Mechanism. The Exchange believes that
the Risk Monitor Mechanism should
help liquidity providers generally,
market makers and other participants
alike, in managing risk and providing
deep and liquid markets to investors.
Pursuant to new Section 19(a), the
Risk Monitor Mechanism operates by
the System maintaining a counting
program for each Participant, which
counts the number of contracts traded in
an option by each Participant within a
specified time period, not to exceed 15
seconds, established by each Participant
(the ‘‘specified time period’’). The
specified time period will commence for
an option when a transaction occurs in
any series in such option. Furthermore,
the System engages the Risk Monitor
Mechanism in a particular option when
the counting program has determined
that a Participant has traded a Specified
Engagement Size (as defined below)
established by such Participant during
the specified time period. When such
Participant has traded the Specified
Engagement Size during the specified
time period, the Risk Monitor
Mechanism automatically removes such
Participant’s orders in all series of the
particular option.
As provided in proposed
subparagraph (b)(ii), the Specified
Engagement Size is determined by the
following: (A) For each series in an
option, the counting program will
determine the percentage that the
number of contracts executed in that
series represents relative to the
Participant’s total size at all price levels
in that series (‘‘series percentage’’); (B)
The counting program will determine
the sum of the series percentages in the
option issue (‘‘issue percentage’’); (C)
Once the counting program determines
that the issue percentage equals or
exceeds a percentage established by the
Participant (‘‘Specified Percentage’’), the
number of executed contracts in the
option issue equals the Specified
Engagement Size. For example, if a
Participant is quoting in four series of a
particular option issue, and sets its
Specified Percentage at 100%, the
Specified Engagement Size would be
determined as follows:
E:\FR\FM\13JNN1.SGM
13JNN1
]]>Agencies
[Federal Register Volume 76, Number 113 (Monday, June 13, 2011)]
[Notices]
[Pages 34279-34281]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-14519]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-64617; File No. SR-CBOE-2011-050]
Self-Regulatory Organizations; Chicago Board Options Exchange,
Incorporated; Notice of Filing and Immediate Effectiveness of Proposed
Rule Change To Increase the Class Quoting Limit in One Option Class
June 7, 2011.
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 May 25, 2011, the Chicago Board Options Exchange, Incorporated
(``CBOE''or ``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
Exchange. The Exchange has designated this proposal as one constituting
a stated policy, practice, or interpretation with respect
[[Page 34280]]
to the meaning, administration, or enforcement of an existing rule
under Section 19(b)(3)(A)(i) of the Act, and Rule 19b-4(f)(1)
thereunder, which renders the proposal effective upon filing with the
Commission. 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
The Exchange proposes to increase the class quoting limit in one
option class. The text of the proposed rule change is available on
CBOE's Web site (https://www.cboe.org/legal), at the CBOE's Office of
the Secretary, 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
CBOE Rule 8.3A, Maximum Number of Market Participants Quoting
Electronically per Product, establishes class quoting limits (``CQLs'')
for each class traded on the Hybrid Trading System.\3\ A CQL is the
maximum number of quoters that may quote electronically in a given
product and Rule 8.3A, Interpretation .01(a) provides that the current
levels are generally established at 50.
---------------------------------------------------------------------------
\3\ See Rule 8.3A.01.
---------------------------------------------------------------------------
In addition, Rule 8.3A, Interpretation .01(b) provides a procedure
by which the President of the Exchange may increase the CQL for an
existing or new product. In this regard, the President of the Exchange
may increase the CQL in a particular product when he deems it
appropriate. The effect of an increase in the CQL is procompetitive in
that it increases the number of market participants that may quote
electronically in a product. The purpose of this filing is to increase
the CQL in options on the CBOE Volatility Index (VIX) from its current
limit of 60 \4\ to 70, which CBOE's President has determined would be
appropriate. Increasing the CQL also may enhance the liquidity offered
in the option class. Lastly, CBOE represents that it has the systems
capacity to support this increase in the CQL.
---------------------------------------------------------------------------
\4\ See Securities Exchange Act Release No. 63001 (September 28,
2010), 75 FR 61538 (October 5, 2010) (SR-CBOE-2010-85) (increasing
the VIX CQL from 50 to 60).
---------------------------------------------------------------------------
2. Statutory Basis
CBOE believes the proposed rule change is consistent with the Act
and the rules and regulations under the Act applicable to a national
securities exchange and, in particular, the requirements of section
6(b) of the Act.\5\ Specifically, the Exchange believes the proposed
rule change is consistent with the Section 6(b)(5) \6\ requirements
that the rules of an exchange be designed to promote just and equitable
principles of trade, to prevent fraudulent and manipulative acts and,
in general, to protect investors and the public interest. As indicated
above, the Exchange believes that increasing the CQL in this option
class is procompetitive and may enhance the liquidity offered.
---------------------------------------------------------------------------
\5\ 15 U.S.C. 78(f)(b).
\6\ 15 U.S.C. 78(f)(b)(5).
---------------------------------------------------------------------------
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 Exchange Act.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
The Exchange neither received nor solicited written comments on the
proposal.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
The foregoing proposed rule change will take effect upon filing
with the Commission pursuant to Section 19(b)(3)(A)(i) of the Act \7\
and Rule 19b-4(f)(1) thereunder,\8\ because it constitutes a stated
policy, practice, or interpretation with respect to the meaning,
administration, or enforcement of an existing rule.
---------------------------------------------------------------------------
\7\ 15 U.S.C. 78s(b)(3)(A)(i).
\8\ 17 CFR 240.19b-4(f)(1).
---------------------------------------------------------------------------
At any time within 60 days of the filing of the proposed rule
change, the Commission summarily may temporarily suspend 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 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-CBOE-2011-050 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-CBOE-2011-050. 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 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 the 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 Number SR-CBOE-
[[Page 34281]]
2011-050 and should be submitted on or before July 5, 2011.
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\9\ 17 CFR 200.30-3(a)(12).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\9\
Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011-14519 Filed 6-10-11; 8:45 am]
BILLING CODE 8011-01-P
