Board of Governors; Sunshine Act Meeting, 50459 [2013-20299]
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Federal Register / Vol. 78, No. 160 / Monday, August 19, 2013 / Notices
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
POSTAL SERVICE
Board of Governors; Sunshine Act
Meeting
DATES AND TIMES:
September 5, 2013, at
11:30 a.m.
Washington, DC, via
Teleconference.
STATUS: Closed.
MATTERS TO BE CONSIDERED:
PLACE:
Thursday, September 5, 2013 at 11:30
a.m.
1. Strategic Issues.
2. Financial Matters.
3. Pricing.
4. Personnel Matters and Compensation
Issues.
5. Governors’ Executive Session—
Discussion of prior agenda items and
Board Governance.
CONTACT PERSON FOR MORE INFORMATION:
Julie S. Moore, Secretary of the Board,
U.S. Postal Service, 475 L’Enfant Plaza
SW., Washington, DC 20260–1000.
Telephone (202) 268–4800.
Julie S. Moore,
Secretary.
[FR Doc. 2013–20299 Filed 8–15–13; 4:15 pm]
BILLING CODE 7710–12–P
SECURITIES AND EXCHANGE
COMMISSION
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Describe the Billing
Practice for Co-Location Services and
Expand Co-Location Services To
Provide for a 40 Gigabit Liquidity
Center Network Connection
TKELLEY on DSK3SPTVN1PROD with NOTICES
August 13, 2013.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934 (the
‘‘Act’’) 2 and Rule 19b–4 thereunder,3
notice is hereby given that, on August
1, 2013, NYSE Arca, Inc. (the
‘‘Exchange’’ or ‘‘NYSE Arca’’) filed with
the Securities and Exchange
Commission (the ‘‘Commission’’) the
proposed rule change as described in
Items I and II below, which Items have
been prepared by the self-regulatory
organization. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
U.S.C. 78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
2 15
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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
self-regulatory organization 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 those 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 the
Statutory Basis for, the Proposed Rule
Change
[Release No. 34–70173; File No. SR–
NYSEArca–2013–80]
1 15
The Exchange proposes to (i) describe
the Exchange’s current billing practice
for co-location services received by
Users that connect to more than one
market, and (ii) expand its co-location
services to provide for a 40 gigabit
(‘‘Gb’’) Liquidity Center Network
(‘‘LCN’’) connection in the Exchange’s
data center. The text of the proposed
rule change is available on the
Exchange’s Web site at www.nyse.com,
at the principal office of the Exchange,
and at the Commission’s Public
Reference Room.
1. Purpose
The Exchange proposes to (i) describe
the Exchange’s current billing practice
for co-location services received by
Users that connect to more than one
market, and (ii) expand its co-location
services to provide a 40 Gb LCN
connection in the Exchange’s data
center.4 The Exchange’s affiliate NYSE
4 The Securities and Exchange Commission
(‘‘Commission’’) initially approved the Exchange’s
co-location services in Securities Exchange Act
Release No. 63275 (November 8, 2010), 75 FR 70048
(November 16, 2010) (SR–NYSEArca–2010–100)
(the ‘‘Original Co-location Approval’’). The
Exchange’s co-location services allow Users to rent
space in the data center so they may locate their
electronic servers in close physical proximity to the
Exchange’s trading and execution system. See id. at
70049. For purposes of the Exchange’s co-location
services, the term ‘‘User’’ includes (i) ETP Holders
and Sponsored Participants that are authorized to
obtain access to the NYSE Arca Marketplace
pursuant to NYSE Arca Equities Rule 7.29 (see
NYSE Arca Equities Rule 1.1(yy)); (ii) OTP Holders,
OTP Firms and Sponsored Participants that are
authorized to obtain access to the NYSE Arca
System pursuant to NYSE Arca Options Rule 6.2A
(see NYSE Arca Options Rule 6.1A(a)(19)); and (iii)
non-ETP Holder, non-OTP Holder and non-OTP
Firm broker-dealers and vendors that request to
receive co-location services directly from the
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50459
MKT LLC (‘‘NYSE MKT’’) has filed
substantially the same proposed rule
change, and its affiliate New York Stock
Exchange LLC (‘‘NYSE’’ and together
with NYSE MKT, ‘‘Affiliates’’), is
expected to do so as well.5 The
Exchange will propose applicable fees
for the proposed 40 Gb LCN connection
via a separate proposed rule change.
Current Billing Practice
The Exchange and its Affiliates
(collectively, the ‘‘Exchanges’’) utilize a
single data center in Mahwah, New
Jersey (the ‘‘data center’’) to provide colocation services to their respective
Users.6 The Exchanges offer identical
co-location services in the data center
and charge identical fees for such
services. A User only incurs a single
charge for a particular co-location
service and is not charged multiple
times if it obtains such service as, for
example, a member of more than one
Exchange. In other words, if a User
receives a co-location service in the data
center, and, pursuant to separate nonco-location fees, connects to all three
Exchanges, the User is not charged for
such co-location service three separate
Exchange. See, e.g., Securities Exchange Act
Release Nos. 65970 (December 15, 2011), 76 FR
79242 (December 21, 2011) (SR–NYSEArca–2011–
74) and 65971 (December 15, 2011), 76 FR 79267
(December 21, 2011) (SR–NYSEArca–2011–75).
5 See SR–NYSEMKT–2013–67. The Commission
initially approved NYSE MKT’s co-location services
in Securities Exchange Act Release No. 62961
(September 21, 2010), 75 FR 59299 (September 27,
2010) (SR–NYSEAmex–2010–80). For purposes of
NYSE MKT co-location services, the term ‘‘User’’
includes (i) member organizations, as that term is
defined in the definitions section of the General and
Floor Rules of the NYSE MKT Equities Rules, and
ATP Holders, as that term is defined in NYSE Amex
Options Rule 900.2NY(5); (ii) Sponsored
Participants, as that term is defined in Rule
123B.30(a)(ii)(B)—Equities and NYSE Amex
Options Rule 900.2NY(77); and (iii) non-member
organization and non-ATP Holder broker-dealers
and vendors that request to receive co-location
services directly from the Exchange. See, e.g.,
Securities Exchange Act Release Nos. 65974
(December 15, 2011), 76 FR 79249 (December 21,
2011) (SR–NYSEAmex–2011–81) and 65975
(December 15, 2011), 76 FR 79233 (December 21,
2011) (SR–NYSEAmex–2011–82). The Commission
initially approved NYSE’s co-location services in
Securities Exchange Act Release No. 62960
(September 21, 2010), 75 FR 59310 (September 27,
2010) (SR–NYSE–2010–56). For purposes of NYSE
co-location services, the term ‘‘User’’ includes (i)
member organizations, as that term is defined in
NYSE Rule 2(b); (ii) Sponsored Participants, as that
term is defined in NYSE Rule 123B.30(a)(ii)(B); and
(iii) non-member organization broker-dealers and
vendors that request to receive co-location services
directly from the Exchange. See, e.g., Securities
Exchange Act Release No. 65973 (December 15,
2011), 76 FR 79232 (December 21, 2011) (SR–
NYSE–2011–53).
6 For purposes of this proposal, the term ‘‘Users’’
hereinafter refers collectively to the Exchanges’
Users.
E:\FR\FM\19AUN1.SGM
19AUN1
Agencies
[Federal Register Volume 78, Number 160 (Monday, August 19, 2013)]
[Notices]
[Page 50459]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-20299]
[[Page 50459]]
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POSTAL SERVICE
Board of Governors; Sunshine Act Meeting
DATES AND TIMES: September 5, 2013, at 11:30 a.m.
PLACE: Washington, DC, via Teleconference.
STATUS: Closed.
MATTERS TO BE CONSIDERED:
Thursday, September 5, 2013 at 11:30 a.m.
1. Strategic Issues.
2. Financial Matters.
3. Pricing.
4. Personnel Matters and Compensation Issues.
5. Governors' Executive Session--Discussion of prior agenda items and
Board Governance.
CONTACT PERSON FOR MORE INFORMATION: Julie S. Moore, Secretary of the
Board, U.S. Postal Service, 475 L'Enfant Plaza SW., Washington, DC
20260-1000. Telephone (202) 268-4800.
Julie S. Moore,
Secretary.
[FR Doc. 2013-20299 Filed 8-15-13; 4:15 pm]
BILLING CODE 7710-12-P