Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Reduce Transaction Fees for Members Engaging in Certain Accommodation Transactions, 72744-72745 [2011-30322]
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72744
Federal Register / Vol. 76, No. 227 / Friday, November 25, 2011 / Notices
For the Commission by the Division of
Trading and Markets, pursuant to delegated
authority.7
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2011–30285 Filed 11–23–11; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–65790; File No. SR–Phlx–
2011–150]
Self-Regulatory Organizations;
NASDAQ OMX PHLX LLC; Notice of
Filing and Immediate Effectiveness of
a Proposed Rule Change To Reduce
Transaction Fees for Members
Engaging in Certain Accommodation
Transactions
November 18, 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 November
7, 2011, NASDAQ OMX PHLX LLC
(‘‘Phlx’’ 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
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
wreier-aviles on DSK7SPTVN1PROD with NOTICES
The Exchange proposes to amend its
Fee Schedule to adopt a transaction fee
for members transacting certain
Accommodation Transactions,
specifically cabinet trading.3
While changes to the Fee Schedule
pursuant to this proposal are effective
upon filing, the Exchange has
designated these changes to be operative
on December 1, 2011.
The text of the proposed rule change
is available on the Exchange’s Web site
at http://nasdaqtrader.com/
micro.aspx?id=PHLXfilings, at the
principal office of the Exchange, and at
the Commission’s Public Reference
Room.
7 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 An ‘‘accommodation’’ or ‘‘cabinet’’ trade refers
to trades in listed options on the Exchange that are
worthless or not actively traded. Cabinet trading is
generally conducted in accordance with Exchange
Rules, except as provided in Exchange Rule 1059
entitled ‘‘Accommodation Trading’’, which sets
forth specific procedures for engaging in cabinet
trading below $1 per option contract.
1 15
VerDate Mar<15>2010
14:31 Nov 23, 2011
Jkt 226001
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.
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 create a new fee for equity
options transactions executed pursuant
to Exchange Rule 1059 entitled
‘‘Accommodation Trading.’’ Cabinet or
accommodation trading of option
contracts is intended to accommodate
persons wishing to effect closing
transactions in those series of options
dealt in on the Exchange for which there
is no auction market.4 Currently, the
fees which members are assessed when
transacting cabinet trades are the
standard equity option fees.5 The
Exchange believes that the proposed fee
reduction will encourage members to
transact cabinet trades on the Exchange.
The Exchange is proposing to reduce
transaction fees to $.10 per contract for
Cabinet Trades which occur pursuant to
Rule 1059, for all participants, except
Customers.6 Specifically, the Exchange
proposes to assess a $.10 per contract
transaction charge on Professionals,7
4 On December 30, 2010, the Exchange extended
a pilot program through December 1, 2011 to allow
cabinet transactions to take place in open outcry at
a price of at least $0 but less than $1 per option
contract. These lower priced transactions are traded
pursuant to the same procedures applicable to $1
cabinet trades, except that pursuant to the pilot
program (i) bids and offers for opening transactions
are only permitted to accommodate closing
transactions in order to limit use of the procedure
to liquidations of existing positions, and (ii) the
procedures are also made available for trading in
options participating in the Penny Pilot Program.
See Securities Exchange Act Release No. 64571
(May 31, 2011), 76 FR 32385 (June 6, 2011) (SR–
Phlx–2011–72).
5 The equity options fees are in Section II of the
Fee Schedule.
6 The Exchange is not proposing to otherwise
amend its equity option fees.
7 The term ‘‘professional’’ means any person or
entity that (i) is not a broker or dealer in securities,
and (ii) places more than 390 orders in listed
options per day on average during a calendar month
for its own beneficial account(s). See Rule
1000(b)(14).
PO 00000
Frm 00073
Fmt 4703
Sfmt 4703
Specialists,8 Registered Options
Traders,9 SQTs,10 RSQTs,11 BrokerDealers and Firms. Customers would
continue to remain free of charge when
transacting cabinet trades. Additionally,
the Exchange currently waives the Firm
equity options transaction fees for
members executing facilitation orders
pursuant to Exchange Rule 1064 when
such members are trading in their own
proprietary account.12 Similar to the
equity option fees, which are currently
subject to the aforementioned waiver,
the Exchange would continue to apply
the waiver to members executing
facilitation orders pursuant to Exchange
Rule 1064 to cabinet trade equity option
transactions.
In order to capture the necessary
information electronically, the Exchange
requires members to designate on the
trade ticket that the option trade is a
cabinet trade by entering the code,
‘‘Z5’’, on the trading ticket and into the
system, or directly into the Floor Broker
Management System (‘‘FBMS’’).13
While changes to the Fee Schedule
pursuant to this proposal are effective
upon filing, the Exchange has
8 A Specialist is an Exchange member who is
registered as an options specialist pursuant to Rule
1020(a).
9 A Registered Options Trader (‘‘ROT’’) includes
a Streaming Quote Trader (‘‘SQT’’), a Remote
Streaming Quote Trader (‘‘RSQT’’) and a Non-SQT,
which by definition is neither a SQT or a RSQT.
A Registered Option Trader is defined in Exchange
Rule 1014(b) as a regular member or a foreign
currency options participant of the Exchange
located on the trading floor who has received
permission from the Exchange to trade in options
for his own account. See Exchange Rule 1014 (b)(i)
and (ii).
10 An SQT is defined in Exchange Rule
1014(b)(ii)(A) as an ROT who has received
permission from the Exchange to generate and
submit option quotations electronically in options
to which such SQT is assigned.
11 An RSQT is defined Exchange Rule in
1014(b)(ii)(B) as an ROT that is a member or
member organization with no physical trading floor
presence who has received permission from the
Exchange to generate and submit option quotations
electronically in options to which such RSQT has
been assigned. An RSQT may only submit such
quotations electronically from off the floor of the
Exchange.
12 The waiver does not apply to orders where a
member is acting as agent on behalf of a nonmember. See Securities Exchange Act Release No.
60477 (August 11, 2009), 74 FR 41777 (August 18,
2009) (SR–Phlx–2009–67).
13 FBMS is designed to enable Floor Brokers and/
or their employees to enter, route and report
transactions stemming from options orders received
on the Exchange. FBMS also is designed to establish
an electronic audit trail for options orders
represented and executed by Floor Brokers on the
Exchange, such that the audit trail provides an
accurate, time-sequenced record of electronic and
other orders, quotations and transactions on the
Exchange, beginning with the receipt of an order by
the Exchange, and further documenting the life of
the order through the process of execution, partial
execution, or cancellation of that order. See
Exchange Rule 1080, Commentary .06.
E:\FR\FM\25NON1.SGM
25NON1
Federal Register / Vol. 76, No. 227 / Friday, November 25, 2011 / Notices
designated these changes to be operative
on December 1, 2011.
2. Statutory Basis
The Exchange believes that its
proposal to amend its Fee Schedule is
consistent with Section 6(b) of the Act 14
in general, and furthers the objectives of
Section 6(b)(4) of the Act 15 in
particular, in that it is an equitable
allocation of reasonable fees and other
charges among Exchange members.
The Exchange believes that it is
reasonable to lower the fees for cabinet
trades to incentivize members to
transact cabinet trades. The proposed
fees for cabinet trades would be lower
for all market participants, except
Customers who will remain free of
charge. The Exchange believes that it is
reasonable, equitable and not unfairly
discriminatory to not assess Customers
a fee for transacting cabinet trades
because Customer order flow attracts
liquidity to the Exchange which in turn
benefits of all market participants. The
Exchange believes that it is equitable
and not unfairly discriminatory to
amend and lower fees for cabinet trades
because all market participants will be
assessed a uniform transaction fee, with
the exception of Customers who will not
be assessed a fee. The Chicago Board
Options Exchange, Incorporated
assesses fees for cabinet trading that are
within the range of fees proposed by the
Exchange.16
The Exchange operates in a highly
competitive market comprised of nine
U.S. options exchanges in which
sophisticated and knowledgeable
market participants readily can, and do,
send order flow to competing exchanges
if they deem fee levels at a particular
exchange to be excessive. The Exchange
believes that the proposed fee must be
competitive with fees offered on other
options exchanges. The Exchange
believes that this competitive
marketplace impacts the fees present on
the Exchange today and influences the
proposals set forth above.
wreier-aviles on DSK7SPTVN1PROD with NOTICES
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange 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.
14 15
U.S.C. 78f(b).
U.S.C. 78f(b)(4).
16 See Securities Exchange Act Release No. 61295
(January 6, 2010), 75 FR 2166 (January 14, 2010)
(SR–CBOE–2009–098) (A rule change to assess
equity option transaction fees for cabinet trades).
15 15
VerDate Mar<15>2010
14:31 Nov 23, 2011
Jkt 226001
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
No written comments were either
solicited or received.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The foregoing rule change has become
effective pursuant to Section
19(b)(3)(A)(ii) of the Act.17 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. If the Commission
takes such action, the Commission shall
institute proceedings to determine
whether the proposed rule should be
approved or disapproved.
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 (http://www.sec.gov/
rules/sro.shtml); or
• Send an email to rulecomments@sec.gov. Please include File
Number SR–Phlx–2011–150 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–Phlx–2011–150. This file
number should be included on the
subject line if email 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 (http://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
17 15
PO 00000
U.S.C. 78s(b)(3)(A)(ii).
Frm 00074
Fmt 4703
Sfmt 4703
72745
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 such 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
publicly available. All submissions
should refer to File Number SR–Phlx–
2011–150 and should be submitted on
or before December 16, 2011.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.18
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2011–30322 Filed 11–23–11; 8:45 am]
BILLING CODE 8011–01–P
DEPARTMENT OF STATE
[Public Notice 7694]
Defense Trade Advisory Group; Notice
of Membership
Department of State.
Notice.
AGENCY:
ACTION:
The U.S. Department of State’s Bureau
of Political-Military Affairs’ Defense
Trade Advisory Group (DTAG) is
accepting membership applications. The
Bureau of Political-Military Affairs is
interested in applications from subject
matter experts from the United States
defense industry, relevant trade and
labor associations, academic, and
foundation personnel.
The DTAG was established as a
continuing committee under the
authority of 22 U.S.C. Sections 2651a
and 2656 and the Federal Advisory
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(‘‘FACA’’). The purpose of the DTAG is
to provide the Bureau of PoliticalMilitary Affairs with a formal channel
for regular consultation and
coordination with U.S. private sector
defense exporters and defense trade
specialists on issues involving U.S.
laws, policies, and regulations for
munitions exports. The DTAG advises
the Bureau on its support for and
18 17
E:\FR\FM\25NON1.SGM
CFR 200.30–3(a)(12).
25NON1
Agencies
[Federal Register Volume 76, Number 227 (Friday, November 25, 2011)]
[Notices]
[Pages 72744-72745]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-30322]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-65790; File No. SR-Phlx-2011-150]
Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of
Filing and Immediate Effectiveness of a Proposed Rule Change To Reduce
Transaction Fees for Members Engaging in Certain Accommodation
Transactions
November 18, 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 November 7, 2011, NASDAQ OMX PHLX LLC (``Phlx'' 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 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 amend its Fee Schedule to adopt a
transaction fee for members transacting certain Accommodation
Transactions, specifically cabinet trading.\3\
---------------------------------------------------------------------------
\3\ An ``accommodation'' or ``cabinet'' trade refers to trades
in listed options on the Exchange that are worthless or not actively
traded. Cabinet trading is generally conducted in accordance with
Exchange Rules, except as provided in Exchange Rule 1059 entitled
``Accommodation Trading'', which sets forth specific procedures for
engaging in cabinet trading below $1 per option contract.
---------------------------------------------------------------------------
While changes to the Fee Schedule pursuant to this proposal are
effective upon filing, the Exchange has designated these changes to be
operative on December 1, 2011.
The text of the proposed rule change is available on the Exchange's
Web site at http://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.
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 create a new fee for
equity options transactions executed pursuant to Exchange Rule 1059
entitled ``Accommodation Trading.'' Cabinet or accommodation trading of
option contracts is intended to accommodate persons wishing to effect
closing transactions in those series of options dealt in on the
Exchange for which there is no auction market.\4\ Currently, the fees
which members are assessed when transacting cabinet trades are the
standard equity option fees.\5\ The Exchange believes that the proposed
fee reduction will encourage members to transact cabinet trades on the
Exchange.
---------------------------------------------------------------------------
\4\ On December 30, 2010, the Exchange extended a pilot program
through December 1, 2011 to allow cabinet transactions to take place
in open outcry at a price of at least $0 but less than $1 per option
contract. These lower priced transactions are traded pursuant to the
same procedures applicable to $1 cabinet trades, except that
pursuant to the pilot program (i) bids and offers for opening
transactions are only permitted to accommodate closing transactions
in order to limit use of the procedure to liquidations of existing
positions, and (ii) the procedures are also made available for
trading in options participating in the Penny Pilot Program. See
Securities Exchange Act Release No. 64571 (May 31, 2011), 76 FR
32385 (June 6, 2011) (SR-Phlx-2011-72).
\5\ The equity options fees are in Section II of the Fee
Schedule.
---------------------------------------------------------------------------
The Exchange is proposing to reduce transaction fees to $.10 per
contract for Cabinet Trades which occur pursuant to Rule 1059, for all
participants, except Customers.\6\ Specifically, the Exchange proposes
to assess a $.10 per contract transaction charge on Professionals,\7\
Specialists,\8\ Registered Options Traders,\9\ SQTs,\10\ RSQTs,\11\
Broker-Dealers and Firms. Customers would continue to remain free of
charge when transacting cabinet trades. Additionally, the Exchange
currently waives the Firm equity options transaction fees for members
executing facilitation orders pursuant to Exchange Rule 1064 when such
members are trading in their own proprietary account.\12\ Similar to
the equity option fees, which are currently subject to the
aforementioned waiver, the Exchange would continue to apply the waiver
to members executing facilitation orders pursuant to Exchange Rule 1064
to cabinet trade equity option transactions.
---------------------------------------------------------------------------
\6\ The Exchange is not proposing to otherwise amend its equity
option fees.
\7\ The term ``professional'' means any person or entity that
(i) is not a broker or dealer in securities, and (ii) places more
than 390 orders in listed options per day on average during a
calendar month for its own beneficial account(s). See Rule
1000(b)(14).
\8\ A Specialist is an Exchange member who is registered as an
options specialist pursuant to Rule 1020(a).
\9\ A Registered Options Trader (``ROT'') includes a Streaming
Quote Trader (``SQT''), a Remote Streaming Quote Trader (``RSQT'')
and a Non-SQT, which by definition is neither a SQT or a RSQT. A
Registered Option Trader is defined in Exchange Rule 1014(b) as a
regular member or a foreign currency options participant of the
Exchange located on the trading floor who has received permission
from the Exchange to trade in options for his own account. See
Exchange Rule 1014 (b)(i) and (ii).
\10\ An SQT is defined in Exchange Rule 1014(b)(ii)(A) as an ROT
who has received permission from the Exchange to generate and submit
option quotations electronically in options to which such SQT is
assigned.
\11\ An RSQT is defined Exchange Rule in 1014(b)(ii)(B) as an
ROT that is a member or member organization with no physical trading
floor presence who has received permission from the Exchange to
generate and submit option quotations electronically in options to
which such RSQT has been assigned. An RSQT may only submit such
quotations electronically from off the floor of the Exchange.
\12\ The waiver does not apply to orders where a member is
acting as agent on behalf of a non-member. See Securities Exchange
Act Release No. 60477 (August 11, 2009), 74 FR 41777 (August 18,
2009) (SR-Phlx-2009-67).
---------------------------------------------------------------------------
In order to capture the necessary information electronically, the
Exchange requires members to designate on the trade ticket that the
option trade is a cabinet trade by entering the code, ``Z5'', on the
trading ticket and into the system, or directly into the Floor Broker
Management System (``FBMS'').\13\
---------------------------------------------------------------------------
\13\ FBMS is designed to enable Floor Brokers and/or their
employees to enter, route and report transactions stemming from
options orders received on the Exchange. FBMS also is designed to
establish an electronic audit trail for options orders represented
and executed by Floor Brokers on the Exchange, such that the audit
trail provides an accurate, time-sequenced record of electronic and
other orders, quotations and transactions on the Exchange, beginning
with the receipt of an order by the Exchange, and further
documenting the life of the order through the process of execution,
partial execution, or cancellation of that order. See Exchange Rule
1080, Commentary .06.
---------------------------------------------------------------------------
While changes to the Fee Schedule pursuant to this proposal are
effective upon filing, the Exchange has
[[Page 72745]]
designated these changes to be operative on December 1, 2011.
2. Statutory Basis
The Exchange believes that its proposal to amend its Fee Schedule
is consistent with Section 6(b) of the Act \14\ in general, and
furthers the objectives of Section 6(b)(4) of the Act \15\ in
particular, in that it is an equitable allocation of reasonable fees
and other charges among Exchange members.
---------------------------------------------------------------------------
\14\ 15 U.S.C. 78f(b).
\15\ 15 U.S.C. 78f(b)(4).
---------------------------------------------------------------------------
The Exchange believes that it is reasonable to lower the fees for
cabinet trades to incentivize members to transact cabinet trades. The
proposed fees for cabinet trades would be lower for all market
participants, except Customers who will remain free of charge. The
Exchange believes that it is reasonable, equitable and not unfairly
discriminatory to not assess Customers a fee for transacting cabinet
trades because Customer order flow attracts liquidity to the Exchange
which in turn benefits of all market participants. The Exchange
believes that it is equitable and not unfairly discriminatory to amend
and lower fees for cabinet trades because all market participants will
be assessed a uniform transaction fee, with the exception of Customers
who will not be assessed a fee. The Chicago Board Options Exchange,
Incorporated assesses fees for cabinet trading that are within the
range of fees proposed by the Exchange.\16\
---------------------------------------------------------------------------
\16\ See Securities Exchange Act Release No. 61295 (January 6,
2010), 75 FR 2166 (January 14, 2010) (SR-CBOE-2009-098) (A rule
change to assess equity option transaction fees for cabinet trades).
---------------------------------------------------------------------------
The Exchange operates in a highly competitive market comprised of
nine U.S. options exchanges in which sophisticated and knowledgeable
market participants readily can, and do, send order flow to competing
exchanges if they deem fee levels at a particular exchange to be
excessive. The Exchange believes that the proposed fee must be
competitive with fees offered on other options exchanges. The Exchange
believes that this competitive marketplace impacts the fees present on
the Exchange today and influences the proposals set forth above.
B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange 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.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
No written comments were either solicited or received.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
The foregoing rule change has become effective pursuant to Section
19(b)(3)(A)(ii) of the Act.\17\ 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. If the Commission takes such action, the
Commission shall institute proceedings to determine whether the
proposed rule should be approved or disapproved.
---------------------------------------------------------------------------
\17\ 15 U.S.C. 78s(b)(3)(A)(ii).
---------------------------------------------------------------------------
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 (http://www.sec.gov/rules/sro.shtml); or
Send an email to rule-comments@sec.gov. Please include
File Number SR-Phlx-2011-150 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-Phlx-2011-150. This file
number should be included on the subject line if email 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 (http://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 such 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 publicly available. All
submissions should refer to File Number SR-Phlx-2011-150 and should be
submitted on or before December 16, 2011.
---------------------------------------------------------------------------
\18\ 17 CFR 200.30-3(a)(12).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\18\
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2011-30322 Filed 11-23-11; 8:45 am]
BILLING CODE 8011-01-P