Self-Regulatory Organizations; EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Amendments to the EDGA Exchange, Inc. Fee Schedule, 54339-54341 [2014-21645]
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Federal Register / Vol. 79, No. 176 / Thursday, September 11, 2014 / Notices
competing venues to maintain their
competitive standing in the financial
markets.
In particular, the Exchange believes
that its proposal to pass through the
amended fee for orders that yield Flag
D would increase intermarket
competition because it offers customers
an alternative means to route to the
NYSE for the same price that they
would be charged if they entered orders
on those trading centers directly. The
Exchange believes that its proposal
would not burden intramarket
competition because the proposed rate
would apply uniformly to all Members.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
The Exchange has not solicited, and
does not intend to solicit, comments on
this proposed rule change. The
Exchange has not received any
unsolicited written comments from
Members or other interested parties.
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)
of the Act 9 and Rule 19b–4(f)(2) 10
thereunder. At any time within 60 days
of the filing of such 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.
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:
All submissions should refer to File
Number SR–EDGX–2014–23. 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 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–EDGX–
2014–23, and should be submitted on or
before October 2, 2014.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.11
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2014–21644 Filed 9–10–14; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
• 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–
EDGX–2014–23 on the subject line.
mstockstill on DSK4VPTVN1PROD with NOTICES
Electronic Comments
[Release No. 34–73006; File No. SR–EDGA–
2014–23]
Self-Regulatory Organizations; EDGA
Exchange, Inc.; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change Relating to Amendments
to the EDGA Exchange, Inc. Fee
Schedule
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE.,
Washington, DC 20549–1090.
September 5, 2014.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (the
‘‘Act’’),1 and Rule 19b–4 thereunder,2
11 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
9 15
U.S.C. 78s(b)(3)(A).
10 17 CFR 240.19b–4(f)(2).
VerDate Mar<15>2010
18:29 Sep 10, 2014
1 15
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54339
notice is hereby given that on August
29, 2014, EDGA Exchange, Inc. (the
‘‘Exchange’’ or ‘‘EDGA’’) 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 self-regulatory 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 its
fees and rebates applicable to Members 3
of the Exchange pursuant to EDGA Rule
15.1(a) and (c) (‘‘Fee Schedule’’) to
increase the fee for orders yielding Flag
D, which route or re-route orders to the
New York Stock Exchange LLC
(‘‘NYSE’’).
The text of the proposed rule change
is available on the Exchange’s Internet
Web site at www.directedge.com, at the
Exchange’s principal office, and at the
Public Reference Room of the
Commission.
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 these statements may be examined at
the places specified in Item IV below.
The self-regulatory organization 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 Exchange proposes to amend its
Fee Schedule to increase the fee for
orders yielding Flag D, which route or
re-route to the NYSE. In securities
priced at or above $1.00, the Exchange
currently charges a fee of $0.0026 per
share for Members’ orders that yield
Flag D, which route or re-route orders to
the NYSE. The Exchange proposes to
amend its Fee Schedule to increase the
3 The term ‘‘Member’’ is defined as ‘‘any
registered broker or dealer, or any person associated
with a registered broker or dealer, that has been
admitted to membership in the Exchange. A
Member will have the status of a ‘‘member’’ of the
Exchange as that term is defined in Section 3(a)(3)
of the Act.’’ See Exchange Rule 1.5(n).
E:\FR\FM\11SEN1.SGM
11SEN1
54340
Federal Register / Vol. 79, No. 176 / Thursday, September 11, 2014 / Notices
fee for orders that yield Flag D to
$0.0027 per share in securities priced at
or above $1.00.4 The proposed change
represents a pass through of the rate
Direct Edge ECN LLC (d/b/a DE Route)
(‘‘DE Route’’), the Exchange’s affiliated
routing broker-dealer, is charged for
routing orders to the NYSE that remove
liquidity when it does not qualify for a
volume tiered reduced fee. The
proposed change is in response to the
NYSE’s September 2014 fee change
where the NYSE increased its fee from
$0.0026 per share to $0.0027 per share
for orders in securities priced at or
above $1.00.5 When DE Route routes to
and removes liquidity on the NYSE, it
will now be charged a standard rate of
$0.0027 per share.6 DE Route will pass
through this rate it is charged on the
NYSE to the Exchange and the
Exchange, in turn, will pass through this
rate to its Members.
The Exchange proposes to implement
these amendment to its Fee Schedule on
September 2, 2014.
2. Statutory Basis
mstockstill on DSK4VPTVN1PROD with NOTICES
The Exchange believes that the
proposed rule change is consistent with
the objectives of Section 6 of the Act,7
in general, and furthers the objectives of
Section 6(b)(4),8 in particular, as it is
designed to provide for the equitable
allocation of reasonable dues, fees and
other charges among its Members and
other persons using its facilities. The
Exchange believes that its proposal to
increase the fees for orders yielding Flag
D represents an equitable allocation of
reasonable dues, fees, and other charges
among Members and other persons
using its facilities. Prior to the NYSE’s
September 2014 fee change, the NYSE
charged DE Route a fee of $0.0026 per
share in securities priced at or above
$1.00, which DE Route passed through
to the Exchange and the Exchange
charged its Members. When DE Route
routes to the NYSE, it will now be
charged a standard rate of $0.0027 per
share. The Exchange does not levy
additional fees or offer additional
rebates for orders that it routes to the
NYSE through DE Route. Therefore, the
Exchange believes that the proposed
change to Flag D is equitable and
reasonable because it accounts for the
4 The Exchange does not propose to amend its fee
for orders that yield Flag D in securities priced
below $1.00.
5 See NYSE Trader Update dated August 21, 2014,
https://www1.nyse.com/pdfs/NYSE_Client_Notice_
Fee_Change_09_2014.pdf.
6 The Exchange notes that to the extent DE Route
does or does not achieve any volume tiered reduced
fee on the NYSE, its rate for Flag D will not change.
7 15 U.S.C. 78f.
8 15 U.S.C. 78f(b)(4).
VerDate Mar<15>2010
18:29 Sep 10, 2014
Jkt 232001
pricing changes on the NYSE, which
enables the Exchange to charge its
Members the applicable pass-through
rate. Lastly, the Exchange notes that
routing through DE Route is voluntary
and believes that the proposed change is
non-discriminatory because it applies
uniformly to all Members.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange believes its proposed
amendments to its Fee Schedule would
not impose any burden on competition
that is not necessary or appropriate in
furtherance of the purposes of the Act.
The Exchange does not believe that the
proposed change represents a significant
departure from previous pricing offered
by the Exchange or pricing offered by
the Exchange’s competitors.
Additionally, Members may opt to
disfavor EDGA’s pricing if they believe
that alternatives offer them better value.
Accordingly, the Exchange does not
believe that the proposed change will
impair the ability of Members or
competing venues to maintain their
competitive standing in the financial
markets.
In particular, the Exchange believes
that its proposal to pass through the
amended fee for orders that yield Flag
D would increase intermarket
competition because it offers customers
an alternative means to route to the
NYSE for the same price that they
would be charged if they entered orders
on those trading centers directly. The
Exchange believes that its proposal
would not burden intramarket
competition because the proposed rate
would apply uniformly to all Members.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
The Exchange has not solicited, and
does not intend to solicit, comments on
this proposed rule change. The
Exchange has not received any
unsolicited written comments from
Members or other interested parties.
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)
of the Act 9 and Rule 19b–4(f)(2) 10
thereunder. At any time within 60 days
of the filing of such proposed rule
change, the Commission summarily may
temporarily suspend such rule change if
it appears to the Commission that such
9 15
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(2).
10 17
PO 00000
Frm 00079
Fmt 4703
Sfmt 4703
action is necessary or appropriate in the
public interest, for the protection of
investors, or otherwise in furtherance of
the purposes of the Act.
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–EDGA–2014–23 on the
subject line.
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE.,
Washington, DC 20549–1090.
All submissions should refer to File
Number SR–EDGA–2014–23. 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 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–EDGA–
2014–23, and should be submitted on or
before October 2, 2014.
E:\FR\FM\11SEN1.SGM
11SEN1
54341
Federal Register / Vol. 79, No. 176 / Thursday, September 11, 2014 / Notices
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.11
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2014–21645 Filed 9–10–14; 8:45 am]
BILLING CODE 8011–01–P
SOCIAL SECURITY ADMINISTRATION
Agency Information Collection
Activities: Proposed Request
The Social Security Administration
(SSA) publishes a list of information
collection packages requiring clearance
by the Office of Management and
Budget (OMB) in compliance with
Public Law 104–13, the Paperwork
Reduction Act of 1995, effective October
1, 1995. This notice includes a revision
of an OMB-approved information
collection.
SSA is soliciting comments on the
accuracy of the agency’s burden
estimate; the need for the information;
its practical utility; ways to enhance its
quality, utility, and clarity; and ways to
minimize burden on respondents,
including the use of automated
collection techniques or other forms of
information technology. Mail, email, or
fax your comments and
recommendations on the information
collection(s) to the OMB Desk Officer
and SSA Reports Clearance Officer at
the following addresses or fax numbers.
(OMB)
Office of Management and Budget,
Attn: Desk Officer for SSA,
Fax: 202–395–6974,
Email address: OIRA_Submission@
omb.eop.gov.
(SSA)
Social Security Administration, OLCA,
Attn: Reports Clearance Director,
3100 West High Rise,
6401 Security Blvd.,
Baltimore, MD 21235,
Fax: 410–966–2830,
Email address: OR.Reports.Clearance@
ssa.gov.
The information collection below is
pending at SSA. SSA will submit it to
OMB within 60 days from the date of
this notice. To be sure we consider your
comments, we must receive them no
later than November 10, 2014.
Individuals can obtain copies of the
collection instruments by writing to the
above email address.
Supplement to Claim of Person Outside
the United States –20 CFR 422.505(b),
404.460, 404.463, and 42 CFR
407.27(c)—0960–0051
Claimants or beneficiaries (both
United States (U.S.) citizens and aliens
Number of
respondents
Modality of completion
Paper SSA–21—U.S. Citizens ........................................................................
Paper SSA–21—U.S. Resident .......................................................................
MCS Macros SSA–21—U.S. Resident ............................................................
Paper SSA–21—Resident of Tax Treaty Country ...........................................
MCS Macros SSA–21—Resident of Tax Treaty Country ...............................
Paper SSA–21 – ..............................................................................................
Non-Resident Alien (not a resident of a tax treaty country) ............................
MCS Macros SSA–21—Non-Resident Alien (not a resident of a tax treaty
country) ........................................................................................................
Totals ........................................................................................................
Dated: September 8, 2014.
Faye Lipsky,
Reports Clearance Director, Social Security
Administration.
[FR Doc. 2014–21654 Filed 9–10–14; 8:45 am]
BILLING CODE 4191–02–P
mstockstill on DSK4VPTVN1PROD with NOTICES
SOCIAL SECURITY ADMINISTRATION
Agency Information Collection
Activities: Proposed Request
The Social Security Administration
(SSA) publishes a list of information
collection packages requiring clearance
11 17
entitled to benefits) living outside the
United States complete Form SSA–21 as
a supplement to an application for
benefits. SSA collects the information to
determine eligibility for U.S. Social
Security benefits for those months an
alien beneficiary or claimant is outside
the United States, and to determine if
tax withholding applies. In addition,
SSA uses the information to: (1) Allow
beneficiaries or claimants to request a
special payment exception in an SSA
restricted country; (2) terminate
supplemental medical insurance
coverage for recipients who request it,
because they are, or will be, out of the
United States; and (3) allow claimants to
collect a lump sum death benefit if the
number holder died outside the United
States and we do not have information
to determine whether the lump sum
death benefit is payable under the
Social Security Act. The respondents
are Social Security claimants, or
individuals entitled to Social Security
benefits, who are, will be, or have been
residing outside the United States. for
three months or longer. Type of Request:
Revision of an OMB-approved
information collection.
Frequency of
response
18:29 Sep 10, 2014
Jkt 232001
1
1
1
1
1
9
15
11
11
6
495
130
338
525
1,015
1,995
1
10
333
7,071
27,736
1
........................
5
........................
589
3,425
by the Office of Management and
Budget (OMB) in compliance with
Public Law 104–13, the Paperwork
Reduction Act of 1995, effective October
1, 1995. This notice includes a revision
of an OMB-approved information
collection.
SSA is soliciting comments on the
accuracy of the agency’s burden
estimate; the need for the information;
its practical utility; ways to enhance its
quality, utility, and clarity; and ways to
minimize burden on respondents,
including the use of automated
collection techniques or other forms of
PO 00000
Frm 00080
Fmt 4703
Sfmt 4703
Estimated total
annual burden
(hours)
3,297
521
1,844
2,863
10,145
information technology. Mail, email, or
fax your comments and
recommendations on the information
collection(s) to the OMB Desk Officer
and SSA Reports Clearance Officer at
the following addresses or fax numbers.
(OMB)
Office of Management and Budget
Attn: Desk Officer for SSA
Fax: 202–395–6974
Email address: OIRA_Submission@
omb.eop.gov
(SSA)
Social Security Administration, OLCA
Attn: Reports Clearance Director
CFR 200.30–3(a)(12).
VerDate Mar<15>2010
Average
burden per
response
(minutes)
E:\FR\FM\11SEN1.SGM
11SEN1
]]>Agencies
[Federal Register Volume 79, Number 176 (Thursday, September 11, 2014)]
[Notices]
[Pages 54339-54341]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-21645]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-73006; File No. SR-EDGA-2014-23]
Self-Regulatory Organizations; EDGA Exchange, Inc.; Notice of
Filing and Immediate Effectiveness of Proposed Rule Change Relating to
Amendments to the EDGA Exchange, Inc. Fee Schedule
September 5, 2014.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given
that on August 29, 2014, EDGA Exchange, Inc. (the ``Exchange'' or
``EDGA'') 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 self-regulatory
organization. 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 fees and rebates applicable to
Members \3\ of the Exchange pursuant to EDGA Rule 15.1(a) and (c)
(``Fee Schedule'') to increase the fee for orders yielding Flag D,
which route or re-route orders to the New York Stock Exchange LLC
(``NYSE'').
---------------------------------------------------------------------------
\3\ The term ``Member'' is defined as ``any registered broker or
dealer, or any person associated with a registered broker or dealer,
that has been admitted to membership in the Exchange. A Member will
have the status of a ``member'' of the Exchange as that term is
defined in Section 3(a)(3) of the Act.'' See Exchange Rule 1.5(n).
---------------------------------------------------------------------------
The text of the proposed rule change is available on the Exchange's
Internet Web site at www.directedge.com, at the Exchange's principal
office, and at the Public Reference Room of the Commission.
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 these statements may be examined at
the places specified in Item IV below. The self-regulatory organization
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 Exchange proposes to amend its Fee Schedule to increase the fee
for orders yielding Flag D, which route or re-route to the NYSE. In
securities priced at or above $1.00, the Exchange currently charges a
fee of $0.0026 per share for Members' orders that yield Flag D, which
route or re-route orders to the NYSE. The Exchange proposes to amend
its Fee Schedule to increase the
[[Page 54340]]
fee for orders that yield Flag D to $0.0027 per share in securities
priced at or above $1.00.\4\ The proposed change represents a pass
through of the rate Direct Edge ECN LLC (d/b/a DE Route) (``DE
Route''), the Exchange's affiliated routing broker-dealer, is charged
for routing orders to the NYSE that remove liquidity when it does not
qualify for a volume tiered reduced fee. The proposed change is in
response to the NYSE's September 2014 fee change where the NYSE
increased its fee from $0.0026 per share to $0.0027 per share for
orders in securities priced at or above $1.00.\5\ When DE Route routes
to and removes liquidity on the NYSE, it will now be charged a standard
rate of $0.0027 per share.\6\ DE Route will pass through this rate it
is charged on the NYSE to the Exchange and the Exchange, in turn, will
pass through this rate to its Members.
---------------------------------------------------------------------------
\4\ The Exchange does not propose to amend its fee for orders
that yield Flag D in securities priced below $1.00.
\5\ See NYSE Trader Update dated August 21, 2014, https://
www1.nyse.com/pdfs/
NYSEClientNoticeFeeChange
092014.pdf.
\6\ The Exchange notes that to the extent DE Route does or does
not achieve any volume tiered reduced fee on the NYSE, its rate for
Flag D will not change.
---------------------------------------------------------------------------
The Exchange proposes to implement these amendment to its Fee
Schedule on September 2, 2014.
2. Statutory Basis
The Exchange believes that the proposed rule change is consistent
with the objectives of Section 6 of the Act,\7\ in general, and
furthers the objectives of Section 6(b)(4),\8\ in particular, as it is
designed to provide for the equitable allocation of reasonable dues,
fees and other charges among its Members and other persons using its
facilities. The Exchange believes that its proposal to increase the
fees for orders yielding Flag D represents an equitable allocation of
reasonable dues, fees, and other charges among Members and other
persons using its facilities. Prior to the NYSE's September 2014 fee
change, the NYSE charged DE Route a fee of $0.0026 per share in
securities priced at or above $1.00, which DE Route passed through to
the Exchange and the Exchange charged its Members. When DE Route routes
to the NYSE, it will now be charged a standard rate of $0.0027 per
share. The Exchange does not levy additional fees or offer additional
rebates for orders that it routes to the NYSE through DE Route.
Therefore, the Exchange believes that the proposed change to Flag D is
equitable and reasonable because it accounts for the pricing changes on
the NYSE, which enables the Exchange to charge its Members the
applicable pass-through rate. Lastly, the Exchange notes that routing
through DE Route is voluntary and believes that the proposed change is
non-discriminatory because it applies uniformly to all Members.
---------------------------------------------------------------------------
\7\ 15 U.S.C. 78f.
\8\ 15 U.S.C. 78f(b)(4).
---------------------------------------------------------------------------
B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange believes its proposed amendments to its Fee Schedule
would not impose any burden on competition that is not necessary or
appropriate in furtherance of the purposes of the Act. The Exchange
does not believe that the proposed change represents a significant
departure from previous pricing offered by the Exchange or pricing
offered by the Exchange's competitors. Additionally, Members may opt to
disfavor EDGA's pricing if they believe that alternatives offer them
better value. Accordingly, the Exchange does not believe that the
proposed change will impair the ability of Members or competing venues
to maintain their competitive standing in the financial markets.
In particular, the Exchange believes that its proposal to pass
through the amended fee for orders that yield Flag D would increase
intermarket competition because it offers customers an alternative
means to route to the NYSE for the same price that they would be
charged if they entered orders on those trading centers directly. The
Exchange believes that its proposal would not burden intramarket
competition because the proposed rate would apply uniformly to all
Members.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
The Exchange has not solicited, and does not intend to solicit,
comments on this proposed rule change. The Exchange has not received
any unsolicited written comments from Members or other interested
parties.
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) of the Act \9\ and Rule 19b-4(f)(2) \10\ thereunder. At any
time within 60 days of the filing of such 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.
---------------------------------------------------------------------------
\9\ 15 U.S.C. 78s(b)(3)(A).
\10\ 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-EDGA-2014-23 on the subject line.
Paper Comments
Send paper comments in triplicate to Secretary, Securities
and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090.
All submissions should refer to File Number SR-EDGA-2014-23. 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 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-EDGA-2014-23, and should be
submitted on or before October 2, 2014.
[[Page 54341]]
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\11\
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\11\ 17 CFR 200.30-3(a)(12).
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Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-21645 Filed 9-10-14; 8:45 am]
BILLING CODE 8011-01-P
