Self-Regulatory Organizations; Chicago Mercantile Exchange Inc.; Notice of Filing of Proposed Rule Change Regarding the Designation of a Primary Backup Data Center, 71015-71016 [2013-28422]
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Federal Register / Vol. 78, No. 229 / Wednesday, November 27, 2013 / Notices
October 22, 2013, the Commission
extended to December 9, 2013, the time
period in which to approve the
proposed rule change, disapprove the
proposed rule change, or institute
proceedings to determine whether to
disapprove the proposed rule change.5
On November 20, 2013, NYSEArca
withdrew the proposed rule change
(SR–NYSEArca–2013–42).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2013–28423 Filed 11–26–13; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–70917; File No. SR–CME–
2013–24]
Self-Regulatory Organizations;
Chicago Mercantile Exchange Inc.;
Notice of Filing of Proposed Rule
Change Regarding the Designation of
a Primary Backup Data Center
November 21, 2013.
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
15, 2013, Chicago Mercantile Exchange
Inc. (‘‘CME’’) filed with the Securities
and Exchange Commission
(‘‘Commission’’) the proposed rule
change described in Items I, II and III,
below, which items have been prepared
primarily by CME. The Commission is
publishing this notice to solicit
comments on the proposed rule change
for interested persons.
emcdonald on DSK67QTVN1PROD with NOTICES
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
CME proposes to activate its New
York Data Center (‘‘1NE Data Center’’) as
its primary backup data center. The 1NE
Data Center currently operates in part as
a tertiary data center for CME. The 1NE
Managing Director and General Counsel, Citadel
Securities, dated October 15, 2013; Michael J.
Simon, Secretary, ISE, dated October 16, 2013;
Harris Bock, Chief Executive Officer, Dynamex
Trading LLC, dated October 17, 2013; Jeffrey
Kaufman, Managing Partner, Lakeshore Securities
LP, dated October 25, 2013; Gerald D. O’Connell,
Chief Compliance Officer, Susquehanna
International Group, LLP, dated October 30, 2013;
and Ronald M Pittelkau, MNR Executions, LLC,
dated November 7, 2013.
5 See Securities Exchange Act Release No. 70733,
78 FR 64257 (October 28, 2013).
6 17 CFR 200.30–3(a)(12).
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
VerDate Mar<15>2010
17:02 Nov 26, 2013
Jkt 232001
Data Center will be redesigned and
become the primary backup data center
in place of CME’s current backup data
center, the Remote Data Center (‘‘RDC’’).
The proposed change does not involve
any changes to CME’s rulebook.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission,
CME included statements concerning
the purpose 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. CME 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
As a derivatives clearing organization
(‘‘DCO’’) registered with the Commodity
Futures Trading Commission (‘‘CFTC’’),
CME has an obligation to establish and
maintain a business continuity and
disaster recovery plan. The procedures
associated with this plan are intended to
ensure that CME has sufficient physical,
technological and personnel resources
to enable the timely recovery and
resumption of operations following
disruptions. Maintaining backup data
centers is one component of these
procedures.
With this filing, CME proposes to
activate its New York Data Center (‘‘1NE
Data Center’’) as its primary backup data
center. The 1NE Data Center currently
operates in part as a tertiary data center
for CME. The 1NE Data Center will be
redesigned and will become the primary
backup data center in place of CME’s
current backup data center, the Remote
Data Center (‘‘RDC’’). The 1NE Data
Center will be an ‘‘all disaster recovery
data center’’ housing the primary backup for electronic trading, clearing, and
regulatory infrastructures. It will also
continue to house CME’s New York
trading floor and office staff systems as
well.
CME believes the proposed change
will increase the reliability and security
of its backup facilities. First, the new
back-up facility is located in a distinct
geographic area from CME’s primary
facility and therefore CME Group would
have capabilities to mitigate risks
associated with a large scale disruption
associated with only one geographical
area (for example, a weather event). In
addition, because CME Group’s new
PO 00000
Frm 00101
Fmt 4703
Sfmt 4703
71015
datacenter strategy employs single IP
connectivity, customers will no longer
have to change their configurations or
take any additional steps to connect to
the backup datacenter and therefore the
switch from CME Group’s production to
back-up data center will be seamless for
CME Group’s customers.
CME believes that implementation of
the proposed change will therefore
allow it to continue to maintain a robust
and effective business continuity
program. The proposed change does not
involve any changes to CME’s rulebook.
CME currently plans to operationalize
the new 1 NE Data Center as soon as all
required regulatory approvals are
obtained. CME is currently making
preparations to implement the change as
of November 25, 2013. CME notes that
it has also submitted the proposed
changes to the CFTC in a separate filing,
CME Submission 13–379, as an
‘‘Advance Notice’’ filing pursuant to
CFTC Regulation 40.10(a).
CME believes the proposed rule
changes are consistent with the
requirements of the Act including
Section 17A of the Act.3 The proposed
rule changes involve enhancements to
CME’s business continuity and disaster
recovery plan procedures and, as such,
are designed to promote the prompt and
accurate clearance and settlement of
securities transactions and, to the extent
applicable, derivatives agreements,
contracts, and transactions, to assure the
safeguarding of securities and funds
which are in the custody or control of
the clearing agency or for which it is
responsible, and, in general, to protect
investors and the public interest
consistent with Section 17A(b)(3)(F) of
the Act.4 The proposed rule changes
designate a new location as CME’s
primary backup data center in the event
of a disruption. The area that is
proposed to be designated as the new
back-up area currently operates as a
tertiary data center for CME. This
proposed new back-up facility is not
located near CME’s primary facilities.
This means that CME will be able to
mitigate risks associated with a large
scale disruption associated with only
one geographical area (for example, a
weather event). In addition, because
CME’s new datacenter strategy employs
single IP connectivity, customers will
no longer have to change their
configurations or take any additional
steps to connect to the backup
datacenter and therefore the switch from
CME’s production to back-up data
center will be seamless for CME’s
customers. Further, the new backup
3 15
4 15
E:\FR\FM\27NON1.SGM
U.S.C. 78q–1.
U.S.C. 78q–1(b)(3)(F).
27NON1
71016
Federal Register / Vol. 78, No. 229 / Wednesday, November 27, 2013 / Notices
location will act as the primary back-up
for electronic trading, clearing, and
regulatory infrastructures.
For these reasons, CME believes this
change will increase the reliability and
security of its backup facilities. Because
the change is designed to help ensure
that critical business activities will be
able to be performed in a timely manner
even in the event of a significant
disruption, CME believes the change
should be seen to contribute to the
safeguarding of securities and funds in
CME’s custody or control or for which
CME is responsible and the protection
of investors. As such, CME believes the
proposed changes are consistent with
the purposes and requirements of
Section 17A(b)(3)(F) of the Act.5
B. Self-Regulatory Organization’s
Statement on Burden on Competition
CME does not believe that the
proposed rule change will have any
impact, or impose any burden, on
competition. The designation of a new
backup data center should not be seen
to have any competitive effects.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
CME has not solicited comments
regarding this proposed rule change.
CME has not received any unsolicited
written comments from interested
parties.
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
up to 90 days (i) as the Commission may
designate 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
the proposed rule change or
(B) Institute proceedings to determine
whether the proposed rule change
should be disapproved.
emcdonald on DSK67QTVN1PROD with NOTICES
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-comment@
sec.gov. Please include File No. SR–
CME–2013–24 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–CME–2013–24. 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
10:00 a.m. and 3:00 p.m. Copies of such
filing also will be available for
inspection and copying at the principal
office of CME and on CME’s Web site at
https://www.cmegroup.com/marketregulation/rule-filings.html.
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–CME–2013–24 and should
be submitted on or before December 18,
2013.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2013–28422 Filed 11–26–13; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–70912; File No. SR–
NYSEARCA–2013–128]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Amend the NYSE Arca
Equities Schedule of Fees and
Charges for Exchange Services To
Specify the Method of Billing When
More Than One Pricing Tier Could Be
Applicable
November 21, 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
November 15, 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, II and III below, which Items
have been prepared by the selfregulatory organization. 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 the
NYSE Arca Equities Schedule of Fees
and Charges for Exchange Services (the
‘‘Fee Schedule’’) to specify the method
of billing when more than one pricing
tier could be applicable. The Exchange
proposes to implement the Fee
Schedule change immediately. 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.
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.
1 15
U.S.C. 78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
2 15
5 15
U.S.C. 78q–1(b)(3)(F).
VerDate Mar<15>2010
17:02 Nov 26, 2013
6 17
Jkt 232001
PO 00000
CFR 200.30–3(a)(12).
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Fmt 4703
Sfmt 4703
E:\FR\FM\27NON1.SGM
27NON1
Agencies
[Federal Register Volume 78, Number 229 (Wednesday, November 27, 2013)]
[Notices]
[Pages 71015-71016]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-28422]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-70917; File No. SR-CME-2013-24]
Self-Regulatory Organizations; Chicago Mercantile Exchange Inc.;
Notice of Filing of Proposed Rule Change Regarding the Designation of a
Primary Backup Data Center
November 21, 2013.
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 15, 2013, Chicago Mercantile Exchange Inc. (``CME'') filed
with the Securities and Exchange Commission (``Commission'') the
proposed rule change described in Items I, II and III, below, which
items have been prepared primarily by CME. The Commission is publishing
this notice to solicit comments on the proposed rule change for
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
CME proposes to activate its New York Data Center (``1NE Data
Center'') as its primary backup data center. The 1NE Data Center
currently operates in part as a tertiary data center for CME. The 1NE
Data Center will be redesigned and become the primary backup data
center in place of CME's current backup data center, the Remote Data
Center (``RDC''). The proposed change does not involve any changes to
CME's rulebook.
II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
In its filing with the Commission, CME included statements
concerning the purpose 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. CME 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
As a derivatives clearing organization (``DCO'') registered with
the Commodity Futures Trading Commission (``CFTC''), CME has an
obligation to establish and maintain a business continuity and disaster
recovery plan. The procedures associated with this plan are intended to
ensure that CME has sufficient physical, technological and personnel
resources to enable the timely recovery and resumption of operations
following disruptions. Maintaining backup data centers is one component
of these procedures.
With this filing, CME proposes to activate its New York Data Center
(``1NE Data Center'') as its primary backup data center. The 1NE Data
Center currently operates in part as a tertiary data center for CME.
The 1NE Data Center will be redesigned and will become the primary
backup data center in place of CME's current backup data center, the
Remote Data Center (``RDC''). The 1NE Data Center will be an ``all
disaster recovery data center'' housing the primary back-up for
electronic trading, clearing, and regulatory infrastructures. It will
also continue to house CME's New York trading floor and office staff
systems as well.
CME believes the proposed change will increase the reliability and
security of its backup facilities. First, the new back-up facility is
located in a distinct geographic area from CME's primary facility and
therefore CME Group would have capabilities to mitigate risks
associated with a large scale disruption associated with only one
geographical area (for example, a weather event). In addition, because
CME Group's new datacenter strategy employs single IP connectivity,
customers will no longer have to change their configurations or take
any additional steps to connect to the backup datacenter and therefore
the switch from CME Group's production to back-up data center will be
seamless for CME Group's customers.
CME believes that implementation of the proposed change will
therefore allow it to continue to maintain a robust and effective
business continuity program. The proposed change does not involve any
changes to CME's rulebook. CME currently plans to operationalize the
new 1 NE Data Center as soon as all required regulatory approvals are
obtained. CME is currently making preparations to implement the change
as of November 25, 2013. CME notes that it has also submitted the
proposed changes to the CFTC in a separate filing, CME Submission 13-
379, as an ``Advance Notice'' filing pursuant to CFTC Regulation
40.10(a).
CME believes the proposed rule changes are consistent with the
requirements of the Act including Section 17A of the Act.\3\ The
proposed rule changes involve enhancements to CME's business continuity
and disaster recovery plan procedures and, as such, are designed to
promote the prompt and accurate clearance and settlement of securities
transactions and, to the extent applicable, derivatives agreements,
contracts, and transactions, to assure the safeguarding of securities
and funds which are in the custody or control of the clearing agency or
for which it is responsible, and, in general, to protect investors and
the public interest consistent with Section 17A(b)(3)(F) of the Act.\4\
The proposed rule changes designate a new location as CME's primary
backup data center in the event of a disruption. The area that is
proposed to be designated as the new back-up area currently operates as
a tertiary data center for CME. This proposed new back-up facility is
not located near CME's primary facilities. This means that CME will be
able to mitigate risks associated with a large scale disruption
associated with only one geographical area (for example, a weather
event). In addition, because CME's new datacenter strategy employs
single IP connectivity, customers will no longer have to change their
configurations or take any additional steps to connect to the backup
datacenter and therefore the switch from CME's production to back-up
data center will be seamless for CME's customers. Further, the new
backup
[[Page 71016]]
location will act as the primary back-up for electronic trading,
clearing, and regulatory infrastructures.
---------------------------------------------------------------------------
\3\ 15 U.S.C. 78q-1.
\4\ 15 U.S.C. 78q-1(b)(3)(F).
---------------------------------------------------------------------------
For these reasons, CME believes this change will increase the
reliability and security of its backup facilities. Because the change
is designed to help ensure that critical business activities will be
able to be performed in a timely manner even in the event of a
significant disruption, CME believes the change should be seen to
contribute to the safeguarding of securities and funds in CME's custody
or control or for which CME is responsible and the protection of
investors. As such, CME believes the proposed changes are consistent
with the purposes and requirements of Section 17A(b)(3)(F) of the
Act.\5\
---------------------------------------------------------------------------
\5\ 15 U.S.C. 78q-1(b)(3)(F).
---------------------------------------------------------------------------
B. Self-Regulatory Organization's Statement on Burden on Competition
CME does not believe that the proposed rule change will have any
impact, or impose any burden, on competition. The designation of a new
backup data center should not be seen to have any competitive effects.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
CME has not solicited comments regarding this proposed rule change.
CME has not received any unsolicited written comments from interested
parties.
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 up to 90 days (i) as the
Commission may designate 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 the 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:
Electronic Comments
Use the Commission's Internet comment form (https://www.sec.gov/rules/sro.shtml), or
Send an email to rule-comment@sec.gov. Please include File
No. SR-CME-2013-24 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-CME-2013-24. 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
10:00 a.m. and 3:00 p.m. Copies of such filing also will be available
for inspection and copying at the principal office of CME and on CME's
Web site at https://www.cmegroup.com/market-regulation/rule-filings.html.
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-CME-2013-24
and should be submitted on or before December 18, 2013.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\6\
---------------------------------------------------------------------------
\6\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-28422 Filed 11-26-13; 8:45 am]
BILLING CODE 8011-01-P