Product Change-Priority Mail Negotiated Service Agreement, 42561 [2015-17528]
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Federal Register / Vol. 80, No. 137 / Friday, July 17, 2015 / Notices
renders the proposed rule change
effective upon filing with the
Commission. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
POSTAL SERVICE
Product Change—Priority Mail
Negotiated Service Agreement
Postal ServiceTM.
Notice.
AGENCY:
ACTION:
The Postal Service gives
notice of filing a request with the Postal
Regulatory Commission to add a
domestic shipping services contract to
the list of Negotiated Service
Agreements in the Mail Classification
Schedule’s Competitive Products List.
DATES: Effective date: July 17, 2015.
FOR FURTHER INFORMATION CONTACT:
Elizabeth A. Reed, 202–268–3179.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on July 8, 2015, it
filed with the Postal Regulatory
Commission a Request of the United
States Postal Service to Add Priority
Mail Contract 132 to Competitive
Product List. Documents are available at
www.prc.gov, Docket Nos. MC2015–66,
CP2015–97.
SUMMARY:
Stanley F. Mires,
Attorney, Federal Compliance.
[FR Doc. 2015–17528 Filed 7–16–15; 8:45 am]
BILLING CODE 7710–12–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–75439; File No. SR–BYX–
2015–32]
Self-Regulatory Organizations; BATS
Y-Exchange, Inc.; Notice of Filing and
Immediate Effectiveness of a Proposed
Rule Change Related to Fees for Use
of BATS Y-Exchange, Inc.
srobinson on DSK5SPTVN1PROD with NOTICES
July 13, 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 July 6,
2015, BATS Y-Exchange, Inc.
(‘‘Exchange’’ or ‘‘BYX’’) 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 Exchange. The
Exchange has designated the proposed
rule change as one establishing or
changing a member due, fee, or other
charge imposed by the Exchange under
section 19(b)(3)(A)(ii) of the Act 3 and
Rule 19b–4(f)(2) thereunder,4 which
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A)(ii).
4 17 CFR 240.19b–4(f)(2).
20:59 Jul 16, 2015
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 parts 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 its
Fee Schedule to modify its fees for
physical connectivity. A physical port is
utilized by a Member or non-Member to
connect to the Exchange at the data
centers where the Exchange’s servers are
located. The Exchange currently
maintains a presence in two third-party
data centers: (i) The primary data center
where the Exchange’s business is
primarily conducted on a daily basis,
and (ii) a secondary data center, which
is predominantly maintained for
business continuity purposes. The
Exchange currently assesses the
following physical connectivity fees for
Members and non-Members on a
5 The term ‘‘Member’’ is defined as ‘‘any
registered broker or dealer that has been admitted
to membership in the Exchange.’’ See Exchange
Rule 1.5(n).
2 17
VerDate Sep<11>2014
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange filed a proposal to
amend its fees and rebates applicable to
Members 5 and non-Members of the
Exchange pursuant to BYX Rule 15.1(a)
and (c) (‘‘Fee Schedule’’) to modify its
fees for physical connectivity. Changes
to the fee schedule pursuant to this
proposal are effective upon filing.
The text of the proposed rule change
is available at the Exchange’s Web site
at www.batstrading.com, at the
principal office of the Exchange, and at
the Commission’s Public Reference
Room.
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42561
monthly basis: $1,000 per physical port
that connects to the System 6 via 1
gigabyte circuit; and $2,500 per physical
port that connects to the System via 10
gigabyte circuit.
The Exchange now proposes to amend
its physical connectivity fees to align
the Exchange’s fees with its affiliates.7
The Exchange proposes to increase the
fee per physical port that connects to
the System via: (i) 1 Gigabyte circuit
from $1,000 per month to $2,000 per
month; and (ii) 10 gigabyte circuit from
$2,500 per month to $4,000 per month.
Implementation Date
The Exchange proposes to implement
this amendment to its Fee Schedule
immediately.
2. Statutory Basis
The Exchange believes that the
proposed rule change is consistent with
the objectives of section 6 of the Act,8
in general, and furthers the objectives of
section 6(b)(4),9 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 also notes that it operates in
a highly-competitive market in which
market participants can readily direct
order flow to competing venues if they
deem fee levels at a particular venue to
be excessive. The proposed rule change
reflects a competitive pricing structure
designed to incent market participants
to direct their order flow to the
Exchange. The Exchange believes that
the proposed rates are equitable and
non-discriminatory in that they apply
uniformly to all Members. The
Exchange believes the fees and credits
remain competitive with those charged
by other venues and therefore continue
to be reasonable and equitably allocated
to Members.
The Exchange believes that the
proposal represents an equitable
allocation of reasonable dues, fees, and
other charges as its fees for physical
connectivity are reasonably constrained
by competitive alternatives. If a
particular exchange charges excessive
6 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).
7 The Exchange’s affiliates are EDGX Exchange,
Inc. (‘‘EDGX’’), EDGA Exchange, Inc. (‘‘EDGA’’) and
BATS Exchange, Inc. (‘‘BZX’’, together with the
Exchange, EDGA and EDGX, the ‘‘BATS
Exchanges’’). The Exchange notes that each of its
affiliates has also filed or will also file proposed
rule changes with Commission to adopt similar
physical connectivity fees.
8 15 U.S.C. 78f.
9 15 U.S.C. 78f(b)(4).
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]]>Agencies
[Federal Register Volume 80, Number 137 (Friday, July 17, 2015)]
[Notices]
[Page 42561]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-17528]
[[Page 42561]]
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POSTAL SERVICE
Product Change--Priority Mail Negotiated Service Agreement
AGENCY: Postal ServiceTM.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Postal Service gives notice of filing a request with the
Postal Regulatory Commission to add a domestic shipping services
contract to the list of Negotiated Service Agreements in the Mail
Classification Schedule's Competitive Products List.
DATES: Effective date: July 17, 2015.
FOR FURTHER INFORMATION CONTACT: Elizabeth A. Reed, 202-268-3179.
SUPPLEMENTARY INFORMATION: The United States Postal Service[supreg]
hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on
July 8, 2015, it filed with the Postal Regulatory Commission a Request
of the United States Postal Service to Add Priority Mail Contract 132
to Competitive Product List. Documents are available at www.prc.gov,
Docket Nos. MC2015-66, CP2015-97.
Stanley F. Mires,
Attorney, Federal Compliance.
[FR Doc. 2015-17528 Filed 7-16-15; 8:45 am]
BILLING CODE 7710-12-P
