Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Deleting NYSE Arca Equities Rule 7.31(w)(1) To Remove the PNP Plus Order Type, 3026 [C1-2011-33715]
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Federal Register / Vol. 77, No. 13 / Friday, January 20, 2012 / Notices
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–
NASDAQ–2012–006 and should be
submitted on or before February 10,
2012.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.10
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–1068 Filed 1–19–12; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–66062; File No. SR–
NYSEArca–2011–98]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change Deleting NYSE Arca
Equities Rule 7.31(w)(1) To Remove the
PNP Plus Order Type
wreier-aviles on DSK5TPTVN1PROD with NOTICES
December 28, 2011.
Correction
In notice document 2011–33715
appearing on pages 313 through 315 in
the issue of Wednesday, January 4,
2012, make the following correction:
On page 315, in the second column,
in the first paragraph, in the last line
10 17
CFR 200.30–3(a)(12).
VerDate Mar<15>2010
14:12 Jan 19, 2012
Jkt 226001
‘‘January 25, 2011’’ should read
‘‘January 25, 2012’’.
[FR Doc. C1–2011–33715 Filed 1–19–12; 8:45 am]
BILLING CODE 8011–01–D
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–66155; File No. SR–Phlx–
2012–01]
Self-Regulatory Organizations;
NASDAQ OMX PHLX LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change Relating to
Routing Fees
January 13, 2012.
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 January 3,
2012, NASDAQ OMX PHLX LLC
(‘‘Phlx’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘SEC’’ or ‘‘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 amend its
Customer and Professional Routing Fees
governing pricing for Exchange
members using the Phlx XL II system,3
for routing standardized equity and
index option Customer and Professional
orders to the BATS Exchange, Inc.
(‘‘BATS’’) for execution.
The text of the proposed rule change
is available on the Exchange’s Web site
at https://
nasdaqomxphlx.cchwallstreet.com/
NASDAQOMXPHLX/Filings/, at the
principal office of the Exchange, on the
Commission’s Web site at https://
www.sec.gov, 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
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 For a complete description of Phlx XL II, see
Securities Exchange Act Release No. 59995 (May
28, 2009), 74 FR 26750 (June 3, 2009) (SR–Phlx–
2009–32). The instant proposed fees will apply only
to option orders entered into, and routed by, the
Phlx XL II system.
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 the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The purpose of the proposed rule
change is to recoup costs that the
Exchange incurs for routing and
executing Customer and Professional
orders in equity and index options to
BATS. The Exchange’s Fee Schedule
includes Routing Fees for routing and
executing Customer and Professional
orders to away markets. The Exchange
currently assesses a Customer Routing
Fee of $0.36 per contract and a
Professional Routing Fee of $0.48 per
contract for option orders that are
routed to BATS. Recently, BATS
announced that it would amend its
customer and professional fees to
remove liquidity to $0.44 per contract
on January 3, 2012.4 The Exchange is
proposing to amend its Customer and
Professional Routing Fees to BATS to
$0.50 per contract to recoup this fee.
In May 2009, the Exchange adopted
Rule 1080(m)(iii)(A) to establish Nasdaq
Options Services LLC (‘‘NOS’’), a
member of the Exchange, as the
Exchange’s exclusive order router.5 NOS
is utilized by the Phlx XL II system
solely to route orders in options listed
and open for trading on the Phlx XL II
system to destination markets. Each
time NOS routes to away markets NOS
is charged a $0.06 clearing fee and, in
the case of certain exchanges, a
transaction fee is also charged in certain
symbols, which fees are passed through
to the Exchange. The Exchange is
proposing this amendment in order to
recoup clearing and transaction charges
incurred by the Exchange when
Customer and Professional orders are
routed to BATS. The Exchange proposes
to recoup the $0.44 per contract
customer and professional taker fee for
option orders that are routed to BATS
along with the $0.06 clearing fee which
1 15
2 17
PO 00000
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4 See BATS (BZX) Exchange Fee Schedule. See
also BATS Options Exchange Pricing Update
Effective January 3, 2012 (dated December 15,
2011).
5 See Securities Exchange Act Release No. 59995
(May 28, 2009), 74 FR 26750 (June 3, 2009) (SR–
Phlx–2009–32).
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[Federal Register Volume 77, Number 13 (Friday, January 20, 2012)]
[Notices]
[Page 3026]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: C1-2011-33715]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-66062; File No. SR-NYSEArca-2011-98]
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing
and Immediate Effectiveness of Proposed Rule Change Deleting NYSE Arca
Equities Rule 7.31(w)(1) To Remove the PNP Plus Order Type
December 28, 2011.
Correction
In notice document 2011-33715 appearing on pages 313 through 315 in
the issue of Wednesday, January 4, 2012, make the following correction:
On page 315, in the second column, in the first paragraph, in the
last line ``January 25, 2011'' should read ``January 25, 2012''.
[FR Doc. C1-2011-33715 Filed 1-19-12; 8:45 am]
BILLING CODE 8011-01-D
