Joint Industry Plan; Notice of Designation of a Longer Period for Commission Action on the Proposed National Market System Plan To Implement a Tick Size Pilot Program on a One-Year Pilot Basis by BATS Exchange, Inc., BATS Y-Exchange, Inc., Chicago Stock Exchange, Inc., EDGA Exchange, Inc., EDGX Exchange, Inc., Financial Industry Regulatory Authority, Inc., NASDAQ OMX BX, Inc., NASDAQ OMX PHLX LLC, The Nasdaq Stock Market LLC, New York Stock Exchange LLC, NYSE MKT LLC, and NYSE Arca, Inc., 12054-12055 [2015-05052]

Download as PDF mstockstill on DSK4VPTVN1PROD with NOTICES 12054 Federal Register / Vol. 80, No. 43 / Thursday, March 5, 2015 / Notices 1. In light of the passage of time since the adoption of the Omgeo Exemptive Order, developments in technology, and enhancements in market practices, are the proposed conditions to the exemptive order appropriate? Specifically, are all of the conditions designed to facilitate interoperability necessary? Could the Commission continue to promote the purposes of section 17A of the Exchange Act by additional modification or elimination of some or all of the conditions? If so, which conditions should be modified or eliminated? 2. What, if any, effect will moving from a single provider to two or more providers have on the efficiency of the trade settlement process? 3. What, if any, impact will the introduction of a second provider have on pricing, quality of service, and innovation? 4. Will the introduction of one or more additional providers increase or reduce risk in the marketplace? 5. Does BSTP’s application for exemption from registration help achieve the underlying policy objectives of the Exchange Act? Why or why not? In particular, please address whether granting an exemption from registration does or does not further the goals of promoting investor protection and the integrity of the securities markets. 6. Are the proposed conditions to the exemptive order sufficient to promote the purposes of section 17A of the Exchange Act and to allow the Commission to adequately monitor the effects of BSTP’s proposed activities on the national system for the clearance and settlement of securities transactions? Why or why not? 7. Would the links and interfaces with other matching services as described in BSTP’s application have a positive or negative effect on other matching services that are registered with the Commission or that receive from the Commission an exemption from clearing agency registration? Why or why not? Should the proposed condition to develop an interface with another matching service provider be made mandatory, rather than only upon request from another provider? 8. Would the links and interfaces with other matching services as described in BSTP’s application have a positive or negative effect on end-user clients of all matching services, regardless of which matching service completes trade matching prior to settlement? Why or why not? Comments may be submitted by any of the following methods: VerDate Sep<11>2014 19:28 Mar 04, 2015 Jkt 235001 Electronic Comments • Use the Commission’s Internet comment form (https://www.sec.gov/ rules/proposed.shtml); or • Send an email to rule-comments@ sec.gov. Please include File Number 600–33 on the subject line; or Paper Comments • Send paper comments in triplicate to Brent J. Fields, Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549–1090. All submissions should refer to File Number 600–33. To help us 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/other.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the application that are filed with the Commission, and all written communications relating to the application 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 Section, 100 F Street NE., Washington, DC 20549 on official business days between the hours of 10:00 a.m. and 3:00 p.m. 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 600–33 and should be submitted on or before April 6, 2015. For the Commission by the Division of Trading and Markets, pursuant to delegated authority.25 Jill M. Peterson, Assistant Secretary. [FR Doc. 2015–05053 Filed 3–4–15; 8:45 am] BILLING CODE 8011–01–P 25 17 PO 00000 CFR 200.30–3(a)(16). Frm 00079 Fmt 4703 Sfmt 4703 SECURITIES AND EXCHANGE COMMISSION [Release No. 34–74388; File No. 4–657] Joint Industry Plan; Notice of Designation of a Longer Period for Commission Action on the Proposed National Market System Plan To Implement a Tick Size Pilot Program on a One-Year Pilot Basis by BATS Exchange, Inc., BATS Y-Exchange, Inc., Chicago Stock Exchange, Inc., EDGA Exchange, Inc., EDGX Exchange, Inc., Financial Industry Regulatory Authority, Inc., NASDAQ OMX BX, Inc., NASDAQ OMX PHLX LLC, The Nasdaq Stock Market LLC, New York Stock Exchange LLC, NYSE MKT LLC, and NYSE Arca, Inc. February 26, 2015. On August 25, 2014, NYSE Group, Inc., on behalf of BATS Exchange, Inc., BATS Y-Exchange, Inc., Chicago Stock Exchange, Inc., EDGA Exchange, Inc., EDGX Exchange, Inc., Financial Industry Regulatory Authority, Inc., NASDAQ OMX BX, Inc., NASDAQ OMX PHLX LLC, and The Nasdaq Stock Market LLC and New York Stock Exchange LLC, NYSE MKT LLC, NYSE Arca, Inc. (collectively, the ‘‘Participants’’), filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant to Section 11A of the Securities Exchange Act of 1934 (‘‘Act’’),1 and Rule 608 of Regulation NMS thereunder,2 a proposed national market system (‘‘NMS’’) Plan to Implement a Tick Size Pilot Program On a One-Year Pilot Basis (‘‘Plan’’).3 The proposed Plan was published for comment in the Federal Register on November 7, 2014.4 The Commission has received 74 comment letters on the proposed Plan.5 1 15 U.S.C. 78k–1. CFR 242.608. 3 See Letter from Brendon J. Weiss, Vice President, NYSE Group Inc., to Secretary, Commission, dated August 25, 2014. 4 See Securities Exchange Act Release No. 73511 (November 3, 2014), 79 FR 66423. 5 See Letters from Shawn Leary, dated August 24, 2014; Tony BenBrahim, dated August 24, 2014; John Richardson, dated August 26, 2014; Arthur T. Ling, dated August 26, 2014; Dan Blecha, dated August 26, 2014; Tom Sosnoff, dated August 27, 2014; Michael Choffy, dated August 28, 2014; Joseph Runsdorf, dated August 29, 2014; Tony J. Gagliano, dated September 1, 2014; Howard L. Greenblatt, dated September 2, 2014; Ernest Callipari, dated September 2, 2014 ; Ali Bangura, dated September 3, 2014; Tony J. Gagliano, dated September 3, 2014; Theodore R. Lazo, Managing Director and Associate General Counsel of SIFMA, dated September 9, 2014; John C. Nagel, Managing Director and Sr. Deputy General Counsel of Citadel, LLC, dated September 12, 2014; Christopher Nagy, CEO, and Dave Lauer, President, KOR Group LLC, dated September 15, 2014; Stuart J. Kaswell, Executive Vice President & Managing Director, 2 17 E:\FR\FM\05MRN1.SGM 05MRN1 mstockstill on DSK4VPTVN1PROD with NOTICES Federal Register / Vol. 80, No. 43 / Thursday, March 5, 2015 / Notices General Counsel of Managed Funds Association, dated September 20, 2014; John Daley, Chairman of the Board and James Toes, President & CEO of Security Traders Association, dated September 23, 2014; Brian A. Johnson, Executive Director for Research of Committee on Capital Markets Regulation, dated September 26, 2014; Jeffrey P. Ricker, dated October 6, 2014; David Adorney, Professional Equity Trader, dated November 11, 2014; Richard B. Gorelick, CEO of RGM Advisors, LLC, dated November 13, 2014; Representative Sean P. Duffy, U.S. House of Representatives, dated November 17, 2014; Joseph Galinskie, dated November 18, 2014; Tom Quaadman, Vice President, U.S. Chamber of Commerce Center for Capital Markets Competitiveness, dated November 20, 2014; David Shields, Vice Chairman & Co-CEO, Wellington Shields & Co., dated December 2, 2014; Dave Weild, Chairman & CEO, IssuWorks, Inc., dated December 3, 2014; Tim Quast, President, ModernNetworks IR, LLC, dated December 8, 2014; Larry Tabb, Founder & CEO, Tabb Group, dated December 10, 2014; John Endean, President, American Business Conference, dated December 12, 2014; Scott Kupor, Managing Partner, Andreessen Horowitz and Jeffrey M. Solomon, CEO Cowen and Company, Equity Capital Formation Task Force, dated December 18, 2014; Eduardo A. Repetto, Vice Chairman & Co-CEO, Dimensional Fund Advisors, Co-Chief Executive Officer and Co-Chief Investment Officer, Dimensional Fund Advisors, dated December 18, 2014; Sal Arnuk & Joseph Saluzzi, Partners and Co-Founders, Themis Trading, LLC, dated December 19, 2014; Simon D. Yates, CEO, Two Sigma Securities, LLC, dated December 19, 2014; Mortimer J. Buckley, Managing Director and Chief and Investment Officer, The Vanguard Group, Inc., dated December 19, 2014; Rob Flatley, CEO and Dave Weisberger, Managing Director, Head of Market Structure Analysis, CoreOne Technologies LLC, submitted December 19, 2014; Alan F. Hill, CEO and William K. Jones, Executive Chairman, JonesTrading Institutional Services LLC, dated December 19, 2014; R. Glenn Hubbard, Co-Chair, John L. Thornton, Co-Chair and Hal S. Scott, Director, Committee on Capital Markets Regulation, dated December 19, 2014; John Daley, Chairman of the Board and James Toes, President & CEO, Security Traders Association, dated December 19, 2014; John McCarthy, General Counsel, KCG Holdings, Inc., dated December 19, 2014; Douglas A. Cifu, Chief Executive Officer, Virtu Financial, dated December 19, 2014; E. Cartier Esham, Executive Vice President, Emerging Companies, Biotechnology Industry Organization (BIO), dated December 22, 2014; Micah Hauptman, Financial Services Counsel, Consumer Federation of America, dated December 22, 2014; Bobby Franklin, President & CEO, National Venture Capital Association, dated December 22, 2014; Eric Swanson, General Counsel & Secretary, BATS Global Markets, Inc. dated December 22, 2014; Theodore R. Lazo, Managing Director and Associate General Counsel, Securities Industry and Financial Markets Association, dated December 22, 2014; Daniel G. Weaver, Ph.D., Professor of Finance, Director, Master of Financial Analysis Program, Associate Director, Whitcomb Center for Research in Financial Services, Rutgers, The State University of New Jersey, dated December 22, 2014; Stuart J. Kaswell, Executive Vice President & Managing Director, General Counsel, Managed Funds Association, dated December 22, 2014; Kurt N. Schacht, Managing Director and James C. Allen, Head; CFA Institute, dated December 22, 2014; Robert J. McCarthy, Director of Regulatory Policy, Wells Fargo Advisors, LLC, dated December 22, 2014; Daniel Keegan, Managing Director, Head of Equities for the Americas, Citigroup Global Markets Inc., dated December 22, 2014; Richie Prager, Managing Director; Hubert DeJesus, Managing Director; Supurna Vedbrat, Managing Director; Joanne Medero, Managing Director, BlackRock, Inc., dated December 22, 2014; Adam Sussman, Head of VerDate Sep<11>2014 19:28 Mar 04, 2015 Jkt 235001 Rule 608 6 under Section 11A of the Act 7 provides that within 120 days of the date of publication of notice of filing of a NMS plan or an amendment to an effective NMS plan, or within such longer period as the Commission may designate up to 180 days of such date if it finds such longer period to be appropriate and publishes its reasons for so finding or as to which the sponsors consent, the Commission shall approve such plan or amendment, with such changes or subject to such conditions as the Commission may deem necessary or appropriate, if it finds that such plan or amendment is necessary or appropriate in the public interest, for the protection of investors and the maintenance of fair and orderly Market Structure, Liquidnet, Inc., dated December 22, 2014; Manisha Kimmel, Managing Director, Financial Information Forum, dated December 22, 2014; Tom Quaadman, Vice President, U.S. Chamber of Commerce, Center for Capital Markets Competitiveness, dated December 22, 2014; Ari Burstein, Senior Counsel, Investment Company Institute, dated December 22, 2014; Jeff Brown, Senior Vice President, Legislative and Regulatory Affairs, Charles Schwab & Co., Inc., dated December 22, 2014; Kimberly Unger, CEO and Executive Director, Security Traders Association of New York, dated December 22, 2014; Scott C. Goebel, Senior Vice President & General Counsel, Fidelity Management & Research Co., dated December 22, 2014; Dennis Dick, CFA, Head, Equity Market Structure, Bright Trading LLC, dated December 22, 2014; Raymond M. Tierney III, President and Chief Executive Officer, Gary Stone, Chief Strategy Officer, Bloomberg Tradebook LLC dated December 22, 2014; Mao Ye, Assistant Professor of Finance, University of Illinois, Urbana-Champaign, dated December 22, 2014; Paul J. Jiganti, Managing Director, Market Structure and Client Advocacy and John S. Markle, Deputy General Counsel—Retail and Clearing Operations, TD Ameritrade, Inc., dated December 22, 2014; James J. Angel, Ph.D., CFA, Associate Professor of Finance, Georgetown University dated December 22, 2014; Christopher Nagy and Dave Lauer, KOR Group, LLC dated December 22, 2014; James G. Ongena, General Counsel, Chicago Stock Exchange, Inc., dated December 22, 2014; Andrew Stevens, General Counsel, IMC Financial Markets, dated December 30, 2014; Michael Jacejko, Chief Executive Manager, Birch Bay Capital, LLC, dated December 31, 2014; James P. Selway III, Managing Director, Head of Electronic Brokerage, ITG Inc., dated January 5, 2015; John C. Nagel, Managing Director & Sr. Deputy General Counsel, Citadel LLC, dated January 5, 2015; Thomas Wittman, Executive Vice President, The NASDAQ OMX Group, LLC, dated January 16, 2015; Brendon J. Weiss, Co-Head Government Affairs, NYSE, LLC, dated January 16, 2015; Senators Mark R. Warner and Pat Toomey, The United States Senate, dated January 23, 2015; Daniel Zinn, General Counsel, OTC Markets Group Inc., dated February 24, 2015. Copies of all comment letters received on the proposed Plan are available on the Commission’s Web site located at https://www.sec.gov/comments/4-657/4-657.shtml and https://www.sec.gov/comments/jobs-title-i/ticksize-study/tick-size-study.shtml. Comments are also 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. EST. 6 17 CFR 242.608. 7 15 U.S.C. 78k–1. PO 00000 Frm 00080 Fmt 4703 Sfmt 4703 12055 markets, to remove impediments to, and perfect the mechanisms of, a national market system, or otherwise in furtherance of the purposes of the Act. The 120th day for the proposed Plan is March 7, 2015. The Commission hereby extends the time period for Commission action on the proposed Plan from the 120th day and designates May 6, 2015, which is the 180th day for the proposed Plan, as the time period for Commission action. The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed Plan because the extension will provide the Commission with additional time to consider, and take action in light of, among other things, the comments received on the proposed Plan. Accordingly, pursuant to Section 11A of the Act 8 and Rule 608 thereunder,9 the Commission designates May 6, 2015 as the date for Commission action on the proposed Plan. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.10 Jill M. Peterson, Assistant Secretary. [FR Doc. 2015–05052 Filed 3–4–15; 8:45 am] BILLING CODE 8011–01–P DEPARTMENT OF TRANSPORTATION Federal Motor Carrier Safety Administration Sunshine Act Meetings; Unified Carrier Registration Plan Board of Directors Federal Motor Carrier Safety Administration (FMCSA), DOT. ACTION: Notice of Unified Carrier Registration Plan Board of Directors Meeting. AGENCY: The meeting will be held on April 9, 2015, from 12:00 Noon to 3:00 p.m., Eastern Daylight Time. PLACE: This meeting will be open to the public via conference call. Any interested person may call 1–877–422– 1931, passcode 2855443940, to listen and participate in this meeting. STATUS: Open to the public. MATTERS TO BE CONSIDERED: The Unified Carrier Registration Plan Board of Directors (the Board) will continue its work in developing and implementing the Unified Carrier Registration Plan and Agreement and to that end, may TIME AND DATE: 8 Id. 9 17 CFR 242.608. CFR 200.30–3(a)(42). 10 17 E:\FR\FM\05MRN1.SGM 05MRN1

Agencies

[Federal Register Volume 80, Number 43 (Thursday, March 5, 2015)]
[Notices]
[Pages 12054-12055]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-05052]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-74388; File No. 4-657]


Joint Industry Plan; Notice of Designation of a Longer Period for 
Commission Action on the Proposed National Market System Plan To 
Implement a Tick Size Pilot Program on a One-Year Pilot Basis by BATS 
Exchange, Inc., BATS Y-Exchange, Inc., Chicago Stock Exchange, Inc., 
EDGA Exchange, Inc., EDGX Exchange, Inc., Financial Industry Regulatory 
Authority, Inc., NASDAQ OMX BX, Inc., NASDAQ OMX PHLX LLC, The Nasdaq 
Stock Market LLC, New York Stock Exchange LLC, NYSE MKT LLC, and NYSE 
Arca, Inc.

February 26, 2015.
    On August 25, 2014, NYSE Group, Inc., on behalf of BATS Exchange, 
Inc., BATS Y-Exchange, Inc., Chicago Stock Exchange, Inc., EDGA 
Exchange, Inc., EDGX Exchange, Inc., Financial Industry Regulatory 
Authority, Inc., NASDAQ OMX BX, Inc., NASDAQ OMX PHLX LLC, and The 
Nasdaq Stock Market LLC and New York Stock Exchange LLC, NYSE MKT LLC, 
NYSE Arca, Inc. (collectively, the ``Participants''), filed with the 
Securities and Exchange Commission (``Commission''), pursuant to 
Section 11A of the Securities Exchange Act of 1934 (``Act''),\1\ and 
Rule 608 of Regulation NMS thereunder,\2\ a proposed national market 
system (``NMS'') Plan to Implement a Tick Size Pilot Program On a One-
Year Pilot Basis (``Plan'').\3\ The proposed Plan was published for 
comment in the Federal Register on November 7, 2014.\4\ The Commission 
has received 74 comment letters on the proposed Plan.\5\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78k-1.
    \2\ 17 CFR 242.608.
    \3\ See Letter from Brendon J. Weiss, Vice President, NYSE Group 
Inc., to Secretary, Commission, dated August 25, 2014.
    \4\ See Securities Exchange Act Release No. 73511 (November 3, 
2014), 79 FR 66423.
    \5\ See Letters from Shawn Leary, dated August 24, 2014; Tony 
BenBrahim, dated August 24, 2014; John Richardson, dated August 26, 
2014; Arthur T. Ling, dated August 26, 2014; Dan Blecha, dated 
August 26, 2014; Tom Sosnoff, dated August 27, 2014; Michael Choffy, 
dated August 28, 2014; Joseph Runsdorf, dated August 29, 2014; Tony 
J. Gagliano, dated September 1, 2014; Howard L. Greenblatt, dated 
September 2, 2014; Ernest Callipari, dated September 2, 2014 ; Ali 
Bangura, dated September 3, 2014; Tony J. Gagliano, dated September 
3, 2014; Theodore R. Lazo, Managing Director and Associate General 
Counsel of SIFMA, dated September 9, 2014; John C. Nagel, Managing 
Director and Sr. Deputy General Counsel of Citadel, LLC, dated 
September 12, 2014; Christopher Nagy, CEO, and Dave Lauer, 
President, KOR Group LLC, dated September 15, 2014; Stuart J. 
Kaswell, Executive Vice President & Managing Director, General 
Counsel of Managed Funds Association, dated September 20, 2014; John 
Daley, Chairman of the Board and James Toes, President & CEO of 
Security Traders Association, dated September 23, 2014; Brian A. 
Johnson, Executive Director for Research of Committee on Capital 
Markets Regulation, dated September 26, 2014; Jeffrey P. Ricker, 
dated October 6, 2014; David Adorney, Professional Equity Trader, 
dated November 11, 2014; Richard B. Gorelick, CEO of RGM Advisors, 
LLC, dated November 13, 2014; Representative Sean P. Duffy, U.S. 
House of Representatives, dated November 17, 2014; Joseph Galinskie, 
dated November 18, 2014; Tom Quaadman, Vice President, U.S. Chamber 
of Commerce Center for Capital Markets Competitiveness, dated 
November 20, 2014; David Shields, Vice Chairman & Co-CEO, Wellington 
Shields & Co., dated December 2, 2014; Dave Weild, Chairman & CEO, 
IssuWorks, Inc., dated December 3, 2014; Tim Quast, President, 
ModernNetworks IR, LLC, dated December 8, 2014; Larry Tabb, Founder 
& CEO, Tabb Group, dated December 10, 2014; John Endean, President, 
American Business Conference, dated December 12, 2014; Scott Kupor, 
Managing Partner, Andreessen Horowitz and Jeffrey M. Solomon, CEO 
Cowen and Company, Equity Capital Formation Task Force, dated 
December 18, 2014; Eduardo A. Repetto, Vice Chairman & Co-CEO, 
Dimensional Fund Advisors, Co-Chief Executive Officer and Co-Chief 
Investment Officer, Dimensional Fund Advisors, dated December 18, 
2014; Sal Arnuk & Joseph Saluzzi, Partners and Co-Founders, Themis 
Trading, LLC, dated December 19, 2014; Simon D. Yates, CEO, Two 
Sigma Securities, LLC, dated December 19, 2014; Mortimer J. Buckley, 
Managing Director and Chief and Investment Officer, The Vanguard 
Group, Inc., dated December 19, 2014; Rob Flatley, CEO and Dave 
Weisberger, Managing Director, Head of Market Structure Analysis, 
CoreOne Technologies LLC, submitted December 19, 2014; Alan F. Hill, 
CEO and William K. Jones, Executive Chairman, JonesTrading 
Institutional Services LLC, dated December 19, 2014; R. Glenn 
Hubbard, Co-Chair, John L. Thornton, Co-Chair and Hal S. Scott, 
Director, Committee on Capital Markets Regulation, dated December 
19, 2014; John Daley, Chairman of the Board and James Toes, 
President & CEO, Security Traders Association, dated December 19, 
2014; John McCarthy, General Counsel, KCG Holdings, Inc., dated 
December 19, 2014; Douglas A. Cifu, Chief Executive Officer, Virtu 
Financial, dated December 19, 2014; E. Cartier Esham, Executive Vice 
President, Emerging Companies, Biotechnology Industry Organization 
(BIO), dated December 22, 2014; Micah Hauptman, Financial Services 
Counsel, Consumer Federation of America, dated December 22, 2014; 
Bobby Franklin, President & CEO, National Venture Capital 
Association, dated December 22, 2014; Eric Swanson, General Counsel 
& Secretary, BATS Global Markets, Inc. dated December 22, 2014; 
Theodore R. Lazo, Managing Director and Associate General Counsel, 
Securities Industry and Financial Markets Association, dated 
December 22, 2014; Daniel G. Weaver, Ph.D., Professor of Finance, 
Director, Master of Financial Analysis Program, Associate Director, 
Whitcomb Center for Research in Financial Services, Rutgers, The 
State University of New Jersey, dated December 22, 2014; Stuart J. 
Kaswell, Executive Vice President & Managing Director, General 
Counsel, Managed Funds Association, dated December 22, 2014; Kurt N. 
Schacht, Managing Director and James C. Allen, Head; CFA Institute, 
dated December 22, 2014; Robert J. McCarthy, Director of Regulatory 
Policy, Wells Fargo Advisors, LLC, dated December 22, 2014; Daniel 
Keegan, Managing Director, Head of Equities for the Americas, 
Citigroup Global Markets Inc., dated December 22, 2014; Richie 
Prager, Managing Director; Hubert DeJesus, Managing Director; 
Supurna Vedbrat, Managing Director; Joanne Medero, Managing 
Director, BlackRock, Inc., dated December 22, 2014; Adam Sussman, 
Head of Market Structure, Liquidnet, Inc., dated December 22, 2014; 
Manisha Kimmel, Managing Director, Financial Information Forum, 
dated December 22, 2014; Tom Quaadman, Vice President, U.S. Chamber 
of Commerce, Center for Capital Markets Competitiveness, dated 
December 22, 2014; Ari Burstein, Senior Counsel, Investment Company 
Institute, dated December 22, 2014; Jeff Brown, Senior Vice 
President, Legislative and Regulatory Affairs, Charles Schwab & Co., 
Inc., dated December 22, 2014; Kimberly Unger, CEO and Executive 
Director, Security Traders Association of New York, dated December 
22, 2014; Scott C. Goebel, Senior Vice President & General Counsel, 
Fidelity Management & Research Co., dated December 22, 2014; Dennis 
Dick, CFA, Head, Equity Market Structure, Bright Trading LLC, dated 
December 22, 2014; Raymond M. Tierney III, President and Chief 
Executive Officer, Gary Stone, Chief Strategy Officer, Bloomberg 
Tradebook LLC dated December 22, 2014; Mao Ye, Assistant Professor 
of Finance, University of Illinois, Urbana-Champaign, dated December 
22, 2014; Paul J. Jiganti, Managing Director, Market Structure and 
Client Advocacy and John S. Markle, Deputy General Counsel--Retail 
and Clearing Operations, TD Ameritrade, Inc., dated December 22, 
2014; James J. Angel, Ph.D., CFA, Associate Professor of Finance, 
Georgetown University dated December 22, 2014; Christopher Nagy and 
Dave Lauer, KOR Group, LLC dated December 22, 2014; James G. Ongena, 
General Counsel, Chicago Stock Exchange, Inc., dated December 22, 
2014; Andrew Stevens, General Counsel, IMC Financial Markets, dated 
December 30, 2014; Michael Jacejko, Chief Executive Manager, Birch 
Bay Capital, LLC, dated December 31, 2014; James P. Selway III, 
Managing Director, Head of Electronic Brokerage, ITG Inc., dated 
January 5, 2015; John C. Nagel, Managing Director & Sr. Deputy 
General Counsel, Citadel LLC, dated January 5, 2015; Thomas Wittman, 
Executive Vice President, The NASDAQ OMX Group, LLC, dated January 
16, 2015; Brendon J. Weiss, Co-Head Government Affairs, NYSE, LLC, 
dated January 16, 2015; Senators Mark R. Warner and Pat Toomey, The 
United States Senate, dated January 23, 2015; Daniel Zinn, General 
Counsel, OTC Markets Group Inc., dated February 24, 2015. Copies of 
all comment letters received on the proposed Plan are available on 
the Commission's Web site located at https://www.sec.gov/comments/4-657/4-657.shtml and https://www.sec.gov/comments/jobs-title-i/tick-size-study/tick-size-study.shtml. Comments are also 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. EST.

---------------------------------------------------------------------------

[[Page 12055]]

    Rule 608 \6\ under Section 11A of the Act \7\ provides that within 
120 days of the date of publication of notice of filing of a NMS plan 
or an amendment to an effective NMS plan, or within such longer period 
as the Commission may designate up to 180 days of such date if it finds 
such longer period to be appropriate and publishes its reasons for so 
finding or as to which the sponsors consent, the Commission shall 
approve such plan or amendment, with such changes or subject to such 
conditions as the Commission may deem necessary or appropriate, if it 
finds that such plan or amendment is necessary or appropriate in the 
public interest, for the protection of investors and the maintenance of 
fair and orderly markets, to remove impediments to, and perfect the 
mechanisms of, a national market system, or otherwise in furtherance of 
the purposes of the Act. The 120th day for the proposed Plan is March 
7, 2015.
---------------------------------------------------------------------------

    \6\ 17 CFR 242.608.
    \7\ 15 U.S.C. 78k-1.
---------------------------------------------------------------------------

    The Commission hereby extends the time period for Commission action 
on the proposed Plan from the 120th day and designates May 6, 2015, 
which is the 180th day for the proposed Plan, as the time period for 
Commission action. The Commission finds that it is appropriate to 
designate a longer period within which to take action on the proposed 
Plan because the extension will provide the Commission with additional 
time to consider, and take action in light of, among other things, the 
comments received on the proposed Plan.
    Accordingly, pursuant to Section 11A of the Act \8\ and Rule 608 
thereunder,\9\ the Commission designates May 6, 2015 as the date for 
Commission action on the proposed Plan.
---------------------------------------------------------------------------

    \8\ Id.
    \9\ 17 CFR 242.608.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\10\
---------------------------------------------------------------------------

    \10\ 17 CFR 200.30-3(a)(42).
---------------------------------------------------------------------------

Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2015-05052 Filed 3-4-15; 8:45 am]
 BILLING CODE 8011-01-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.