Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Withdrawal of a Proposed Rule Change Relating to Proposed Changes To Remove From the Exchange Rules Fee Provisions Regarding Re-Transmission of “Third-Party Data”, 67495 [2014-26813]
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Federal Register / Vol. 79, No. 219 / Thursday, November 13, 2014 / Notices
SECURITIES AND EXCHANGE
COMMISSION
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–73550; File No. SR–
NASDAQ–2014–034]
[Release No. 34–73546; File No. SR–Phlx–
2014–67]
Self-Regulatory Organizations; The
NASDAQ Stock Market LLC; Notice of
Withdrawal of a Proposed Rule Change
Relating to Proposed Changes To
Remove From the Exchange Rules Fee
Provisions Regarding ReTransmission of ‘‘Third-Party Data’’
Self-Regulatory Organizations;
NASDAQ OMX PHLX LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Correct Two
Typographical Errors in Rule 3315
November 6, 2014.
On April 7, 2014, The NASDAQ Stock
Market LLC (‘‘Nasdaq’’ or the
‘‘Exchange’’) filed with the Securities
and Exchange Commission
(‘‘Commission’’) pursuant to Section
19(b)(1) of the Securities Exchange Act
of 1934 (‘‘Act’’) 1 and Rule 19b–4
thereunder,2 to remove, from the
Exchange rules, fee provisions with
respect to third-party data feeds that
Nasdaq receives from multiple sources
and then re-transmits to clients in
connection with the Exchange’s colocation services. The proposed rule
change was published for comment in
the Federal Register on April 28, 2014.3
On June 5, 2014, the Commission
extended the time to act on the proposal
until July 25, 2014.4 On July 22, 2014,
the Commission instituted proceedings
to determine whether to disapprove the
proposed rule change in an order
published in the Federal Register.5 The
Commission received no comment
letters on the proposed rule change. On
October 23, 2014, the Commission
extended the time to act on the proposal
until December 24, 2014.6 On October
24, 2014, the Exchange withdrew the
proposal (SR–NASDAQ–2014–034).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.7
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2014–26813 Filed 11–12–14; 8:45 am]
BILLING CODE 8011–01–P
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4
3 See Securities Exchange Act Release No. 71990
(April 22, 2014), 79 FR 23389 (‘‘Notice’’).
4 See Securities Exchange Act Release No. 72328,
79 FR 33605 (June 11, 2014).
5 See Securities Exchange Act Release No. 72654,
79 FR 43808 (July 28, 2014).
6 See Securities Exchange Act Release No. 73416,
79 FR 64444 (October 29, 2014).
7 17 CFR 200.30–3(a)(12).
tkelley on DSK3SPTVN1PROD with NOTICES
2 17
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November 6, 2014.
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
4, 2014, 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 and
II 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 is filing with the
Commission a proposal to amend
NASDAQ OMX PSX (‘‘PSX’’) 3 Rule
3315 to correct two typographical errors
in which references were made to a
NASDAQ Stock Market LLC
(‘‘NASDAQ’’) rule rather than to the
PSX rule itself.
The text of the proposed rule change
is available on the Exchange’s Web site
at https://
nasdaqomxphlx.cchwallstreet.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
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.
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 PSX is a facility of Phlx.
2 17
PO 00000
Frm 00084
Fmt 4703
Sfmt 4703
67495
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The purpose of this filing is to correct
two typographical errors in PSX Rule
3315(d) in which references were made
to a NASDAQ rule rather than the PSX
rule itself, and thereby clarify and
conform Exchange rules pertaining to
error accounts in respect of order
routing.
Order routing is currently discussed
in PSX Rule 3315. Subsection (d)(2)
deals with the maintenance and use of
an error account when routing. PSX
Rule 3315 was adopted 4 to fully spell
out how routing will work on the
Exchange and to generally track the
language of NASDAQ Rule 4758. When
PSX Rule 3315 was adopted, two
references to NASDAQ Rule 4758 were
inadvertently left in. In PSX Rule
3315(d)(2)(A) and 3315(d)(2)(B), the
intent was and is to make reference to
PSX Rule 3315 rather than NASDAQ
Rule 4758.
The Exchange is now proposing to
correct these two typographical errors.
The Exchange is thus substituting the
current references to NASDAQ Rule
4758 in subsections (d)(2)(A) and
(d)(2)(B) of PSX Rule 3315 with the
correct references to PSX Rule 3315.
There are no other changes.
The proposed non-substantive change
substituting an improper rule reference
is done to clarify the order routing rules
and eliminate potential confusion, to
the benefit of market participants.
2. Statutory Basis
Phlx believes that the proposed rule
change is consistent with the provisions
of Section 6 of the Act,5 in general, and
with Sections 6(b)(5) of the Act 6 in
particular, in that it is designed to
promote just and equitable principles of
trade, to remove impediments to and
perfect the mechanism of a free and
open market and a national market
system, and, in general to protect
investors and the public interest. This is
achieved by correcting two nonsubstantive typographical errors in PSX
Rule 3315, thereby clarifying the order
routing rules and eliminating the
potential for confusion, to the benefit of
4 See Securities Exchange Act Release No. 65469
(October 3, 2011), 76 FR 62486 (October 7, 2011)
(SR–Phlx–2011–108) (notice of filing and
immediate effectiveness). The goal of the filing was
to offer routing strategies on the Exchange that were
materially identical to several strategies offered by
its affiliate, NASDAQ.
5 15 U.S.C. 78f.
6 15 U.S.C. 78f(b)(5).
E:\FR\FM\13NON1.SGM
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]]>Agencies
[Federal Register Volume 79, Number 219 (Thursday, November 13, 2014)]
[Notices]
[Page 67495]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-26813]
[[Page 67495]]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-73550; File No. SR-NASDAQ-2014-034]
Self-Regulatory Organizations; The NASDAQ Stock Market LLC;
Notice of Withdrawal of a Proposed Rule Change Relating to Proposed
Changes To Remove From the Exchange Rules Fee Provisions Regarding Re-
Transmission of ``Third-Party Data''
November 6, 2014.
On April 7, 2014, The NASDAQ Stock Market LLC (``Nasdaq'' or the
``Exchange'') filed with the Securities and Exchange Commission
(``Commission'') pursuant to Section 19(b)(1) of the Securities
Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ to
remove, from the Exchange rules, fee provisions with respect to third-
party data feeds that Nasdaq receives from multiple sources and then
re-transmits to clients in connection with the Exchange's co-location
services. The proposed rule change was published for comment in the
Federal Register on April 28, 2014.\3\ On June 5, 2014, the Commission
extended the time to act on the proposal until July 25, 2014.\4\ On
July 22, 2014, the Commission instituted proceedings to determine
whether to disapprove the proposed rule change in an order published in
the Federal Register.\5\ The Commission received no comment letters on
the proposed rule change. On October 23, 2014, the Commission extended
the time to act on the proposal until December 24, 2014.\6\ On October
24, 2014, the Exchange withdrew the proposal (SR-NASDAQ-2014-034).
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4
\3\ See Securities Exchange Act Release No. 71990 (April 22,
2014), 79 FR 23389 (``Notice'').
\4\ See Securities Exchange Act Release No. 72328, 79 FR 33605
(June 11, 2014).
\5\ See Securities Exchange Act Release No. 72654, 79 FR 43808
(July 28, 2014).
\6\ See Securities Exchange Act Release No. 73416, 79 FR 64444
(October 29, 2014).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\7\
---------------------------------------------------------------------------
\7\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-26813 Filed 11-12-14; 8:45 am]
BILLING CODE 8011-01-P
