Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to HGX and OSX, 22752-22753 [2015-09432]
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22752
Federal Register / Vol. 80, No. 78 / Thursday, April 23, 2015 / Notices
proceedings to determine whether these
proposed rule changes should be
disapproved. The 45th day for this filing
is April 24, 2015.
The Commission is extending the 45day time period for Commission action
on the proposed rule change. The
Commission finds that it is appropriate
to designate a longer period within
which to take action on the proposed
rule change so that it has sufficient time
to consider and take action on the
Exchange’s proposed rule change.
Accordingly, pursuant to Section
19(b)(2)(A)(ii)(I) of the Act 7 and for the
reasons stated above, the Commission
designates June 8, 2015, as the date by
which the Commission should either
approve or disapprove, or institute
proceedings to determine whether to
disapprove, the proposed rule change,
as modified by Amendment No. 1 (File
No. SR–EDGA–2015–10).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.8
Brent J. Fields,
Secretary.
[FR Doc. 2015–09431 Filed 4–22–15; 8:45 am]
BILLING CODE 8011–01–P
[Release No. 34–74764; File No. SR–
NASDAQ–2015–037]
Self-Regulatory Organizations; The
NASDAQ Stock Market LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change Relating to
HGX and OSX
April 17, 2015.
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 April 10,
2015, The NASDAQ Stock Market LLC
(‘‘NASDAQ’’ or ‘‘Exchange’’) filed with
the Securities and Exchange
Commission (‘‘SEC’’ or ‘‘Commission’’)
the proposed rule change as described
in Items I, II, and III, below, which Items
have been prepared by NASDAQ. The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.
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. 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.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
NASDAQ proposes to amend Chapter
XV, entitled ‘‘Options Pricing,’’ at
Section 2, which governs pricing for
NASDAQ members using the NASDAQ
Options Market (‘‘NOM’’), NASDAQ’s
facility for executing and routing
standardized equity and index options,
to remove references to the PHLX
Housing SectorTM (HGXSM) and PHLX
Oil Service SectorSM (OSXSM).
While the changes proposed herein
are effective upon filing, the Exchange
Fee for Adding Liquidity ................................................
Fee for Removing Liquidity ............................................
The Exchange will delist these two
proprietary indexes and will no longer
assess the above-referenced fees for
HGX and OSX. The Exchange will
continue to assess the above fees for the
PHLX Semiconductor SectorSM (SOXSM)
index.
mstockstill on DSK4VPTVN1PROD with NOTICES
2. Statutory Basis
NASDAQ believes that the proposed
rule change is consistent with the
provisions of Section 6 of the Act,3 in
general, and with Section 6(b)(4) and
6(b)(5) of the Act,4 in particular, in that
it provides for the equitable allocation
of reasonable dues, fees and other
charges among members and issuers and
7 15
8 17
U.S.C. 78s(b)(2)(A)(ii)(I).
CFR 200.30–3(a)(31).
VerDate Sep<11>2014
18:53 Apr 22, 2015
$0.40
0.40
$0.89
0.89
other persons using any facility or
system which NASDAQ operates or
controls, and is not designed to permit
unfair discrimination between
customers, issuers, brokers, or dealers.
The Exchange’s proposal to remove
the references and not assess fees for
HGX and OSX is reasonable because the
Exchange is seeking to delist these
indexes from NOM as of the delisting.
The Exchange’s proposal to remove
the references and not assess fees for
HGX and OSX is equitable and not
unfairly discriminatory because no
market participant will be able to
transact options in HGX or OSX on
NOM as of the delisting.
1 15
2 17
Jkt 235001
has designated the amendments become
operative on May 1, 2015.
The text of the proposed rule change
is available on the Exchange’s Web site
at https://www.nasdaq.
cchwallstreet.com, at the principal
office of the Exchange, and at the
Commission’s Public Reference Room.
SECURITIES AND EXCHANGE
COMMISSION
PO 00000
U.S.C. 78s(b)(1).
CFR 240.19b–4.
Frm 00052
Fmt 4703
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange proposes to amend
Chapter XV, Section 2, ‘‘NASDAQ
Options Market—Fees and Rebates’’ to
remove references to HGX and OSX, as
these indexes will be delisted on or
before May 1, 2015.
Today, the Exchange assesses fees
related to these NASDAQ OMX PHLX
LLC (‘‘Phlx’’) proprietary indexes which
are listed on NOM. The Exchange
assesses the following fees for HGX and
OSX:
$0.89
0.89
$0.40
0.40
$0.89
0.89
B. Self-Regulatory Organization’s
Statement on Burden on Competition
NASDAQ does not believe that the
proposed rule change will impose any
burden on competition not necessary or
appropriate in furtherance of the
purposes of the Act. The Exchange will
delist HGX and OSX on or before May
1, 2015 and no longer offer market
participants the opportunity to transact
options in those indexes, therefore the
removal of the fees does not impose an
undue burden on competition. No
market participant will be able to
transact options in HGX or OSX on
NOM as of the delisting.
3 15
4 15
Sfmt 4703
$0.89
0.89
E:\FR\FM\23APN1.SGM
U.S.C. 78f.
U.S.C. 78f(b)(4) and (5).
23APN1
Federal Register / Vol. 80, No. 78 / Thursday, April 23, 2015 / Notices
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
No written comments were either
solicited or received.
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)(ii) of the Act.5 At any time
within 60 days of the filing of the
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. If the Commission
takes such action, the Commission shall
institute proceedings to determine
whether the proposed rule should be
approved or disapproved.
IV. Solicitation of Comments
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
a.m. and 3 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–
NASDAQ–2015–037 and should be
submitted on or before May 14, 2015.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
Brent J. Fields,
Secretary.
[FR Doc. 2015–09432 Filed 4–22–15; 8:45 am]
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
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–74762; File No. SR–EDGX–
2015–08]
Self-Regulatory Organizations; EDGX
Exchange, Inc.; Notice of Designation
of Longer Period for Commission
Action on a Proposed Rule Change, as
Modified by Amendment No. 1, To
Amend Rules 11.6, 11.8, 11.9, 11.10
and 11.11 of EDGX Exchange, Inc.
Paper Comments
April 17, 2015.
• Send paper comments in triplicate
to Brent J. Fields, Secretary, Securities
and Exchange Commission, 100 F Street
NE., Washington, DC 20549–1090.
mstockstill on DSK4VPTVN1PROD with NOTICES
• 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–
NASDAQ–2015–037 on the subject line.
On February 20, 2015, EDGX
Exchange, Inc. (the ‘‘Exchange’’ or
‘‘EDGX’’) 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 a
proposed rule change to amend Rules
11.6, 11.8, 11.9, 11.10 and 11.11 to
clarify and to include additional
specificity regarding the current
functionality of the Exchange’s System,3
including the operation of its order
types and order instructions. On
February 27, 2015, the Exchange filed
All submissions should refer to File
Number SR–NASDAQ–2015–037. 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
5 15
U.S.C. 78s(b)(3)(A)(ii).
VerDate Sep<11>2014
18:53 Apr 22, 2015
Jkt 235001
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 The term ‘‘System’’ is defined as ‘‘the electronic
communications and trading facility designated by
the Board through which securities orders of Users
are consolidated for ranking, execution and, when
applicable, routing away.’’ See Exchange Rule
1.5(cc).
22753
Amendment No. 1 to the proposal.4 The
proposed rule change, as modified by
Amendment No. 1, was published for
comment in the Federal Register on
March 10, 2015.5 The Commission
received no comment letters.
Section 19(b)(2) of the Act 6 provides
that within 45 days of the publication of
notice of the filing of a proposed rule
change, or within such longer period up
to 90 days as the Commission may
designate if it finds such longer period
to be appropriate and publishes its
reasons for so finding or as to which the
self-regulatory organization consents,
the Commission shall either approve the
proposed rule change, disapprove the
proposed rule change, or institute
proceedings to determine whether these
proposed rule changes should be
disapproved. The 45th day for this filing
is April 24, 2015.
The Commission is extending the 45day time period for Commission action
on the proposed rule change. The
Commission finds that it is appropriate
to designate a longer period within
which to take action on the proposed
rule change so that it has sufficient time
to consider and take action on the
Exchange’s proposed rule change.
Accordingly, pursuant to Section
19(b)(2)(A)(ii)(I) of the Act 7 and for the
reasons stated above, the Commission
designates June 8, 2015, as the date by
which the Commission should either
approve or disapprove, or institute
proceedings to determine whether to
disapprove, the proposed rule change,
as modified by Amendment No. 1 (File
No. SR–EDGX–2015–08).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.8
Brent J. Fields,
Secretary.
[FR Doc. 2015–09430 Filed 4–22–15; 8:45 am]
BILLING CODE 8011–01–P
6 17
1 15
PO 00000
Frm 00053
Fmt 4703
Sfmt 9990
4 Amendment No. 1 replaced SR–EDGX–2015–08
and superseded such filing in its entirety.
5 See Securities Exchange Act Release No. 74439
(March 4, 2015), 80 FR 12666.
6 15 U.S.C. 78s(b)(2).
7 15 U.S.C. 78s(b)(2)(A)(ii)(I).
8 17 CFR 200.30–3(a)(31).
E:\FR\FM\23APN1.SGM
23APN1
Agencies
[Federal Register Volume 80, Number 78 (Thursday, April 23, 2015)]
[Notices]
[Pages 22752-22753]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-09432]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-74764; File No. SR-NASDAQ-2015-037]
Self-Regulatory Organizations; The NASDAQ Stock Market LLC;
Notice of Filing and Immediate Effectiveness of Proposed Rule Change
Relating to HGX and OSX
April 17, 2015.
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 April 10, 2015, The NASDAQ Stock Market LLC (``NASDAQ'' or
``Exchange'') filed with the Securities and Exchange Commission
(``SEC'' or ``Commission'') the proposed rule change as described in
Items I, II, and III, below, which Items have been prepared by NASDAQ.
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
NASDAQ proposes to amend Chapter XV, entitled ``Options Pricing,''
at Section 2, which governs pricing for NASDAQ members using the NASDAQ
Options Market (``NOM''), NASDAQ's facility for executing and routing
standardized equity and index options, to remove references to the PHLX
Housing Sector\TM\ (HGX\SM\) and PHLX Oil Service Sector\SM\ (OSX\SM\).
While the changes proposed herein are effective upon filing, the
Exchange has designated the amendments become operative on May 1, 2015.
The text of the proposed rule change is available on the Exchange's
Web site at https://www.nasdaq.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. 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.
A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
1. Purpose
The Exchange proposes to amend Chapter XV, Section 2, ``NASDAQ
Options Market--Fees and Rebates'' to remove references to HGX and OSX,
as these indexes will be delisted on or before May 1, 2015.
Today, the Exchange assesses fees related to these NASDAQ OMX PHLX
LLC (``Phlx'') proprietary indexes which are listed on NOM. The
Exchange assesses the following fees for HGX and OSX:
----------------------------------------------------------------------------------------------------------------
------------------------------------------------
Fee for Adding Liquidity.......... $0.40 $0.89 $0.89 $0.89 $0.40 $0.89
Fee for Removing Liquidity........ 0.40 0.89 0.89 0.89 0.40 0.89
----------------------------------------------------------------------------------------------------------------
The Exchange will delist these two proprietary indexes and will no
longer assess the above-referenced fees for HGX and OSX. The Exchange
will continue to assess the above fees for the PHLX Semiconductor
Sector\SM\ (SOX\SM\) index.
2. Statutory Basis
NASDAQ believes that the proposed rule change is consistent with
the provisions of Section 6 of the Act,\3\ in general, and with Section
6(b)(4) and 6(b)(5) of the Act,\4\ in particular, in that it provides
for the equitable allocation of reasonable dues, fees and other charges
among members and issuers and other persons using any facility or
system which NASDAQ operates or controls, and is not designed to permit
unfair discrimination between customers, issuers, brokers, or dealers.
---------------------------------------------------------------------------
\3\ 15 U.S.C. 78f.
\4\ 15 U.S.C. 78f(b)(4) and (5).
---------------------------------------------------------------------------
The Exchange's proposal to remove the references and not assess
fees for HGX and OSX is reasonable because the Exchange is seeking to
delist these indexes from NOM as of the delisting.
The Exchange's proposal to remove the references and not assess
fees for HGX and OSX is equitable and not unfairly discriminatory
because no market participant will be able to transact options in HGX
or OSX on NOM as of the delisting.
B. Self-Regulatory Organization's Statement on Burden on Competition
NASDAQ does not believe that the proposed rule change will impose
any burden on competition not necessary or appropriate in furtherance
of the purposes of the Act. The Exchange will delist HGX and OSX on or
before May 1, 2015 and no longer offer market participants the
opportunity to transact options in those indexes, therefore the removal
of the fees does not impose an undue burden on competition. No market
participant will be able to transact options in HGX or OSX on NOM as of
the delisting.
[[Page 22753]]
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
No written comments were either solicited or received.
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)(ii) of the Act.\5\ At any time within 60 days of the filing
of the 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. If the Commission takes such action, the Commission shall
institute proceedings to determine whether the proposed rule should be
approved or disapproved.
---------------------------------------------------------------------------
\5\ 15 U.S.C. 78s(b)(3)(A)(ii).
---------------------------------------------------------------------------
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-NASDAQ-2015-037 on the subject line.
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 SR-NASDAQ-2015-037. 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 a.m. and 3
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-NASDAQ-2015-037 and should be submitted
on or before May 14, 2015.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\6\
---------------------------------------------------------------------------
\6\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Brent J. Fields,
Secretary.
[FR Doc. 2015-09432 Filed 4-22-15; 8:45 am]
BILLING CODE 8011-01-P