Self-Regulatory Organizations; NASDAQ OMX BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Waive BX Port Pair Fees for Certain Newly-Added Routable Port Pairs, 832-834 [2011-33858]

Download as PDF 832 Federal Register / Vol. 77, No. 4 / Friday, January 6, 2012 / Notices of options on the MSCI EM Index.33 In addition, the Exchange proposes to amend Rule 1079(d)(1) to also note that with respect to FLEX options on the MSCI EM index, the same number of contracts, 25,000, would apply with respect to the position limit. The Exchange represents that it has an adequate surveillance program in place for options on the MSCI EM Index. The Exchange also represents that it has the necessary systems capacity to support the new options series. As stated in the filing, the Exchange has rules in place designed to protect public customer trading. 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 Within 45 days of the date of publication of this notice in the Federal Register or within such longer period (i) as the Commission may designate up to 90 days of such date if it finds such longer period to be appropriate and publishes its reasons for so finding or (ii) as to which the self-regulatory organization consents, the Commission will: (A) By order approve or disapprove such proposed rule change, or (B) Institute proceedings to determine whether the proposed rule change should be 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: 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–2011–179. 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 (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–Phlx– 2011–179 and should be submitted on or before January 27, 2012. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.34 Elizabeth M. Murphy, Secretary. [FR Doc. 2012–52 Filed 1–5–12; 8:45 am] BILLING CODE 8011–01–P pmangrum on DSK3VPTVN1PROD with NOTICES Electronic Comments • Use the Commission’s Internet comment form (https://www.sec.gov/ rules/sro.shtml;) or • Send an email to rule-comments@ sec.gov. Please include File Number SR– Phlx–2011–179 on the subject line. SECURITIES AND EXCHANGE COMMISSION [Release No. 34–66074; File No. SR–BX– 2011–088] Self-Regulatory Organizations; NASDAQ OMX BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Waive BX Port Pair Fees for Certain Newly-Added Routable Port Pairs December 30, 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 December 28, 2011, NASDAQ OMX BX, Inc. (‘‘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 The Exchange proposes to offer a waiver of BX Port Pair fees for certain newly-added routable port pairs during the months of January through March, 2012. The text of the proposed rule change is below. Proposed new language is italicized; proposed deletions are in [brackets]. 7015. Access Services The following charges are assessed by the Exchange for ports to establish connectivity to the NASDAQ OMX BX Equities Market, as well as ports to receive data from the NASDAQ OMX BX Equities Market: • $400 per month for each port pair, other than Multicast ITCH® data feed pairs, for which the fee is $1000 per month. The $400 port pair fee will be waived from January 2012 through March 2012 for a single port pair subscribed to by a member used for routing during this free period. To be eligible for the fee waiver, the member must increase the number of routable ports it has as of December 31, 2011 and must send routable order flow through the designated port pair at some point during the free period, otherwise the monthly fee will apply. • Internet Ports: An additional $200 per month for each Internet port that requires additional bandwidth. 1 15 33 See Exchange Rule 721. VerDate Mar<15>2010 14:40 Jan 05, 2012 34 17 Jkt 226001 PO 00000 CFR 200.30–3(a)(12). Frm 00058 Fmt 4703 Sfmt 4703 2 17 E:\FR\FM\06JAN1.SGM U.S.C. 78s(b)(1). CFR 240.19b–4. 06JAN1 Federal Register / Vol. 77, No. 4 / Friday, January 6, 2012 / Notices • TradeInfo BX is available to Members for a fee of $95 per user per month. * * * * * 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. pmangrum on DSK3VPTVN1PROD with NOTICES A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange is amending its fee schedule to waive fees assessed on a single port pair used for routing orders from BX, during the months of January through March, 2012. The Exchange recently began allowing orders placed on the Exchange to route away from BX for execution.3 The Exchange is proposing to waive, for a limited time, the fee assessed for a single port pair under Rule 7015, applicable to a member firm that adds an additional port and uses that port for routing on BX during the months of January through March, 2012. The Exchange believes that waiving the port pair fee will encourage market participants to utilize the routing function of the market, and to take advantage of new routing strategies made available to market participants.4 A member is eligible to subscribe only one free port pair under the proposed fee waiver program and the port must be eligible for routing. The free port pair must be a newly-subscribed port pair and must be net additive to the number of port pairs a member firm is subscribed to as of December 31, 2011 (i.e., it cannot replace an existing port pair). Additional port pairs subscribed to by a member firm and used for routing purposes will not be eligible for the proposed fee waiver. A member firm may add a routable port pair that meets the requirements noted above at any point during the free period, and will 3 Securities Exchange Act Release No. 65470 (October 3, 2011), 76 FR 62489 (October 7, 2011) (SR–BX–2011–048). 4 Id. VerDate Mar<15>2010 14:40 Jan 05, 2012 Jkt 226001 not be assessed a fee for the port pair for the months remaining in the free period, so long as routable order flow is sent through the port pair at some point during the free period. If no routable order flow is sent through the designated port pair during the free period, the port pair fee will apply to all months the new port pair is subscribed to. For example, if on January 25, 2012, Firm ABCD adds a routable port on BX, the port pair would be free for the duration of the free period, so long as the member firm sends routable order flow through the port pair at some point during the free period. At the end of the free period, the member will be assessed the normal monthly fee, beginning with April 2012. If the member firm does not send routable order flow through the newly-added port pair, the member firm would be assessed the full fee for each of the months that it had subscribed to the new port pair during the free period (in the example above, all three months of the free period). A member firm is under no obligation to continue subscription to the routable port pair at the end of the free period, and may cancel its subscription at any time prior to the expiration of the free period with no charge. 2. Statutory Basis The Exchange believes that the proposed rule change is consistent with the provisions of Section 6 of the Act,5 in general, and with Section 6(b)(4) of the Act,6 in particular, in that it provides for the equitable allocation of reasonable dues, fees and other charges among members and issuers and other persons using any facility or system which the Exchange operates or controls. The Exchange believes that the proposed fee waiver is reasonable as it is narrowly focused, of limited duration, and is designed to encourage BX member firms to use the full functionality of the market, thereby increasing liquidity available to investors. The Exchange believes that the proposed fee waiver is equitable since it applies to any BX member firm that seeks to use the routing function of the market and subscribes a new port pair for routing during the free period. To date, no member firms have subscribed new port pairs for the purpose of routing from BX. As noted, a member firm is not penalized for cancelling its routing port pair at the end of the free period. 5 15 6 15 PO 00000 U.S.C. 78f. U.S.C. 78f(b)(4). Frm 00059 Fmt 4703 B. Self-Regulatory Organization’s Statement on Burden on Competition The Exchange does not believe that the proposed rule change will result in any burden on competition that is 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 Written comments were neither solicited nor 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 7 and subparagraph (f)(2) of Rule 19b–4 thereunder.8 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 (https://www.sec.gov/ rules/sro.shtml); or • Send an email to rulecomments@sec.gov. Please include File Number SR–BX–2011–088 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–BX–2011–088. 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 7 15 8 17 Sfmt 4703 833 E:\FR\FM\06JAN1.SGM U.S.C. 78s(b)(3)(a)(ii). CFR 240.19b–4(f)(2). 06JAN1 834 Federal Register / Vol. 77, No. 4 / Friday, January 6, 2012 / Notices 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–BX–2011–088 and should be submitted on or before January 27, 2012. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.9 Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2011–33858 Filed 1–5–12; 8:45 am] BILLING CODE 8011–01–P SMALL BUSINESS ADMINISTRATION Delegation of Authority; Delegation of Authority No. 12–A (Revision 5) Redelegation of Financial Assistance; Amendment 3 U.S. Small Business Administration. ACTION: Notice of Amendment to Delegation of Authority. AGENCY: This document provides the public notice of an amendment to Delegation of Authority No. 12–A (Revision 5) (56 FR 55147, October 24, 1991) (the ‘‘Delegation’’), which delegated authority regarding the Small Business Administration’s (SBA’s) lending and financial assistance programs. This document amends the Delegation to allow certain authority granted therein to be re-delegated and to update the position title of Assistant pmangrum on DSK3VPTVN1PROD with NOTICES SUMMARY: 9 17 CFR 200.30–3(a)(12). VerDate Mar<15>2010 14:40 Jan 05, 2012 Jkt 226001 Administrator for Financial Assistance. SBA is providing this limited redelegation to facilitate secondary market sales of Certified Development Company (‘‘CDC’’) debentures and guaranteed certificate issuance. FOR FURTHER INFORMATION CONTACT: Ingrid Ripley, Program Analyst, U.S. Small Business Administration, 409 3rd Street SW., Washington, DC 20416; telephone number: (202) 205–7538, facsimile number: (202) 481–4020; and electronic mail: ingrid.ripley@sba.gov. SUPPLEMENTARY INFORMATION: Delegation of Authority No. 12–A (Revision 5) (56 FR 55147, October 24, 1991) delegated certain authority regarding the Agency’s financial assistance programs, including but not limited to, the authority ‘‘To take all necessary actions in connection with the sale of SBA guaranteed CDC debentures and SBA guaranteed certificates issued against pools of such debentures to the Federal Financing Bank or any other duly qualified purchaser as determined by SBA.’’ SBA is authorized to sell CDC debentures and issue guaranteed certificates under 15 U.S.C. 697a and b. The Delegation prohibited the re-delegation of the authority granted therein. (Paragraph III of the Delegation.) This document provides public notice that SBA hereby amends the Delegation to allow the authority delegated to the Assistant Administrator for Financial Assistance pursuant to paragraph I. A.1.d. covering sales of CDC debentures and guaranteed certificates to be re-delegated. This document also revises the position title previously identified as ‘‘Assistant Administrator for Financial Assistance’’ to read ‘‘Director, Office of Financial Assistance (D/FA).’’ This revision to position title extends no new responsibilities to the position and aligns the current position title with its associated responsibilities. Delegation of Authority No. 12–A (Revision 5), is amended to read as follows: I. * * * A. To the Director, Office of Financial Assistance (D/FA): 1. Financial Assistance Program * * * * * d. To take all necessary actions in connection with the sale of SBA guaranteed Certified Development Company debentures and SBA guaranteed certificates issued against pools of such debentures to any duly qualified purchaser as determined by SBA. This authority may be re-delegated. * * * * * III. The authority delegated herein may not be re-delegated unless authority to redelegate has been specifically authorized. * * * PO 00000 Frm 00060 Fmt 4703 Sfmt 4703 Dated: December 29, 2011. Karen G. Mills, Administrator. [FR Doc. 2012–65 Filed 1–5–12; 8:45 am] BILLING CODE 8025–01–P DEPARTMENT OF TRANSPORTATION Federal Aviation Administration [Docket No. 4910–13] Noise Exposure Map Update for Albany International Airport, Albany, NY Federal Aviation Administration, DOT. ACTION: Notice. AGENCY: The Federal Aviation Administration (FAA) announces its determination that the updated noise exposure maps submitted by the Albany County Airport Authority (ACAA), for Albany International Airport, under the provisions of 49 U.S.C. 47501 et. seq (Aviation Safety and Noise Abatement Act) and 14 CFR part 150 are in compliance with applicable requirements. DATES: Effective Date: The effective date of the FAA’s determination on the noise exposure maps is December 19, 2011. FOR FURTHER INFORMATION CONTACT: Ms. Suki Gill, Environmental Protection Specialist, Federal Aviation Administration, New York Airports District Office, 600 Old Country Road, Suite 446, Garden City, NY 11530, Telephone (516) 227–3815. SUPPLEMENTARY INFORMATION: This notice announces that the FAA finds that the updated noise exposure maps submitted for Albany International Airport are in compliance with applicable requirements of 14 Code of Federal Regulations (CFR) part 150 (hereinafter referred to as ‘‘part 150’’), effective December 19, 2011. Under 49 U.S.C. section 47503 of the Aviation Safety and Noise Abatement Act (hereinafter referred to as ‘‘the Act’’), an airport operator may submit to the FAA noise exposure maps which meet applicable regulations and which depict non-compatible land uses as of the date of submission of such maps, a description of projected aircraft operations, and the ways in which such operations will affect such maps. The Act requires such maps to be developed in consultation with interested and affected parties in the local community, government agencies, and persons using the airport. An airport operator who has submitted noise exposure maps that are found by FAA to be in compliance with SUMMARY: E:\FR\FM\06JAN1.SGM 06JAN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 77, Number 4 (Friday, January 6, 2012)]
[Notices]
[Pages 832-834]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-33858]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-66074; File No. SR-BX-2011-088]


 Self-Regulatory Organizations; NASDAQ OMX BX, Inc.; Notice of 
Filing and Immediate Effectiveness of Proposed Rule Change To Waive BX 
Port Pair Fees for Certain Newly-Added Routable Port Pairs

December 30, 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 December 28, 2011, NASDAQ OMX BX, Inc. (``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 offer a waiver of BX Port Pair fees for 
certain newly-added routable port pairs during the months of January 
through March, 2012.
    The text of the proposed rule change is below. Proposed new 
language is italicized; proposed deletions are in [brackets].

7015. Access Services

    The following charges are assessed by the Exchange for ports to 
establish connectivity to the NASDAQ OMX BX Equities Market, as well as 
ports to receive data from the NASDAQ OMX BX Equities Market:
     $400 per month for each port pair, other than Multicast 
ITCH[supreg] data feed pairs, for which the fee is $1000 per month. The 
$400 port pair fee will be waived from January 2012 through March 2012 
for a single port pair subscribed to by a member used for routing 
during this free period. To be eligible for the fee waiver, the member 
must increase the number of routable ports it has as of December 31, 
2011 and must send routable order flow through the designated port pair 
at some point during the free period, otherwise the monthly fee will 
apply.
     Internet Ports: An additional $200 per month for each 
Internet port that requires additional bandwidth.

[[Page 833]]

     TradeInfo BX is available to Members for a fee of $95 per 
user per month.
* * * * *

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 Exchange is amending its fee schedule to waive fees assessed on 
a single port pair used for routing orders from BX, during the months 
of January through March, 2012. The Exchange recently began allowing 
orders placed on the Exchange to route away from BX for execution.\3\ 
The Exchange is proposing to waive, for a limited time, the fee 
assessed for a single port pair under Rule 7015, applicable to a member 
firm that adds an additional port and uses that port for routing on BX 
during the months of January through March, 2012. The Exchange believes 
that waiving the port pair fee will encourage market participants to 
utilize the routing function of the market, and to take advantage of 
new routing strategies made available to market participants.\4\
---------------------------------------------------------------------------

    \3\ Securities Exchange Act Release No. 65470 (October 3, 2011), 
76 FR 62489 (October 7, 2011) (SR-BX-2011-048).
    \4\ Id.
---------------------------------------------------------------------------

    A member is eligible to subscribe only one free port pair under the 
proposed fee waiver program and the port must be eligible for routing. 
The free port pair must be a newly-subscribed port pair and must be net 
additive to the number of port pairs a member firm is subscribed to as 
of December 31, 2011 (i.e., it cannot replace an existing port pair). 
Additional port pairs subscribed to by a member firm and used for 
routing purposes will not be eligible for the proposed fee waiver. A 
member firm may add a routable port pair that meets the requirements 
noted above at any point during the free period, and will not be 
assessed a fee for the port pair for the months remaining in the free 
period, so long as routable order flow is sent through the port pair at 
some point during the free period. If no routable order flow is sent 
through the designated port pair during the free period, the port pair 
fee will apply to all months the new port pair is subscribed to. For 
example, if on January 25, 2012, Firm ABCD adds a routable port on BX, 
the port pair would be free for the duration of the free period, so 
long as the member firm sends routable order flow through the port pair 
at some point during the free period. At the end of the free period, 
the member will be assessed the normal monthly fee, beginning with 
April 2012. If the member firm does not send routable order flow 
through the newly-added port pair, the member firm would be assessed 
the full fee for each of the months that it had subscribed to the new 
port pair during the free period (in the example above, all three 
months of the free period). A member firm is under no obligation to 
continue subscription to the routable port pair at the end of the free 
period, and may cancel its subscription at any time prior to the 
expiration of the free period with no charge.
2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent 
with the provisions of Section 6 of the Act,\5\ in general, and with 
Section 6(b)(4) of the Act,\6\ in particular, in that it provides for 
the equitable allocation of reasonable dues, fees and other charges 
among members and issuers and other persons using any facility or 
system which the Exchange operates or controls. The Exchange believes 
that the proposed fee waiver is reasonable as it is narrowly focused, 
of limited duration, and is designed to encourage BX member firms to 
use the full functionality of the market, thereby increasing liquidity 
available to investors. The Exchange believes that the proposed fee 
waiver is equitable since it applies to any BX member firm that seeks 
to use the routing function of the market and subscribes a new port 
pair for routing during the free period. To date, no member firms have 
subscribed new port pairs for the purpose of routing from BX. As noted, 
a member firm is not penalized for cancelling its routing port pair at 
the end of the free period.
---------------------------------------------------------------------------

    \5\ 15 U.S.C. 78f.
    \6\ 15 U.S.C. 78f(b)(4).
---------------------------------------------------------------------------

B. Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange does not believe that the proposed rule change will 
result in any burden on competition that is 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

    Written comments were neither solicited nor 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 \7\ and subparagraph (f)(2) of Rule 19b-4 
thereunder.\8\ 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.
---------------------------------------------------------------------------

    \7\ 15 U.S.C. 78s(b)(3)(a)(ii).
    \8\ 17 CFR 240.19b-4(f)(2).
---------------------------------------------------------------------------

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 email to rule-comments@sec.gov. Please include 
File Number SR-BX-2011-088 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-BX-2011-088. 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

[[Page 834]]

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-BX-2011-088 and 
should be submitted on or before January 27, 2012.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\9\
---------------------------------------------------------------------------

    \9\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2011-33858 Filed 1-5-12; 8:45 am]
BILLING CODE 8011-01-P

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