Self-Regulatory Organizations; NASDAQ BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Update Public Disclosure of Exchange Usage of Market Data, 26607-26609 [2016-10268]
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26607
Federal Register / Vol. 81, No. 85 / Tuesday, May 3, 2016 / Notices
or (ii) as to which the Exchange
consents, the Commission will: (a) By
order approve or disapprove such
proposed rule change, or (b) institute
proceedings to determine whether the
proposed rule change should be
disapproved.
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–
BatsBZX–2016–09 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–BatsBZX–2016–09. 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 such
filing will also 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–
BatsBZX–2016–09 and should be
submitted on or before May 24, 2016.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.25
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016–10272 Filed 5–2–16; 8:45 am]
BILLING CODE 8011–01–P
(‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on April 21,
2016, NASDAQ BX, Inc. (‘‘Exchange’’)
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 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 update
Exchange Rule 4759 and to amend the
public disclosure of the sources of data
that the Exchange utilizes when
performing (1) order handling and
execution; (2) order routing; and (3)
related compliance processes.
The text of the proposed rule change
is below. Proposed new language is
italicized and deleted language is
bracketed.
*
*
*
*
*
4759. Data Feeds Utilized
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–77719; File No. SR–BX–
2016–022]
Self-Regulatory Organizations;
NASDAQ BX, Inc.; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Update Public
Disclosure of Exchange Usage of
Market Data
The BX System utilizes the below
proprietary and network processor feeds
for the handling, routing, and execution
of orders, as well as for the regulatory
compliance processes related to those
functions. The Secondary Source of data
is, where applicable, utilized only in
emergency market conditions and only
until those emergency conditions are
resolved.
April 27, 2016.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
asabaliauskas on DSK3SPTVN1PROD with NOTICES
Market center
Primary source
A—NYSE MKT (AMEX) ..........................................................
B—NASDAQ OMX BX ............................................................
C—NSX ...................................................................................
D—FINRA ADF .......................................................................
J—DirectEdge A ......................................................................
K—DirectEdge X .....................................................................
M—[CSX] CHX ........................................................................
N—NYSE ................................................................................
P—NYSE Arca ........................................................................
T/Q—NASDAQ ........................................................................
X—NASDAQ OMX PSX .........................................................
Y—BATS Y-Exchange ............................................................
Z—BATS Exchange ................................................................
NYSE MKT OpenBook Ultra ..................................................
BX ITCH 5.0 ...........................................................................
CQS/UQDF .............................................................................
CQS/UQDF .............................................................................
BATS PITCH ..........................................................................
BATS PITCH ..........................................................................
[CQS/UQDF] CHX Book Feed ...............................................
NYSE OpenBook Ultra ...........................................................
NYSE ARCA XDP ..................................................................
ITCH 5.0 .................................................................................
PSX ITCH 5.0 .........................................................................
BATS PITCH ..........................................................................
BATS PITCH ..........................................................................
*
*
*
*
*
The text of the proposed rule change
is available on the Exchange’s Web site
25 17
CFR 200.30–3(a)(12).
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at https://
nasdaqomxbx.cchwallstreet.com/, at the
principal office of the Exchange, and at
1 15
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PO 00000
U.S.C. 782(b)(1).
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CQS/UQDF.
CQS/UQDF.
n/a.
n/a.
CQS/UQDF.
CQS/UQDF.
[n/a] CQS/UQDF.
CQS/UQDF.
CQS/UQDF.
CQS/UQDF.
CQS/UQDF.
CQS/UQDF.
CQS/UQDF.
the Commission’s Public Reference
Room.
2 17
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Secondary source
CFR 240.19b–4.
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Federal Register / Vol. 81, No. 85 / Tuesday, May 3, 2016 / Notices
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.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule
Change
asabaliauskas on DSK3SPTVN1PROD with NOTICES
1. Purpose
The Exchange proposes to update and
amend the table in Exchange Rule 4759
that sets forth on a market-by-market
basis the specific network processor and
proprietary data feeds that the Exchange
utilizes for the handling, routing, and
execution of orders, and for performing
the regulatory compliance checks
related to each of those functions.
Specifically, the table will be
amended to update the symbol for the
Chicago Stock Exchange, Inc. from
‘‘CSX’’ to ‘‘CHX’’, as well as to update
the primary and secondary sources in
the table for CHX. The primary source
will be CHX Book Feed and the former
primary source, CQS/UQDF, will
become the secondary source. The
change to the primary source reflects the
Exchange’s effort to increase the amount
of data it gathers.
2. Statutory Basis
The Exchange believes that the
proposed rule change is consistent with
the provisions of Section 6 of the Act,3
in general and with Sections 6(b)(5) of
the Act,4 in particular in that it is
designed to prevent fraudulent and
manipulative acts and practices, to
promote just and equitable principles of
trade, to foster cooperation and
coordination with persons engaged in
regulating, clearing, settling, processing
information with respect to, and
facilitating transactions in securities, 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.
The Exchange believes that its
proposal to amend the table in Exchange
3 15
U.S.C. 78f.
4 15 U.S.C. 78f(b)(5).
VerDate Sep<11>2014
18:53 May 02, 2016
Jkt 238001
Rule 4759 to update it for the symbol for
the Chicago Stock Exchange, Inc. and to
amend the primary and secondary
sources of data for CHX that the
Exchange utilizes when performing (1)
order handling and execution; (2) order
routing; and (3) related compliance
processes will ensure that Exchange
Rule 4759 correctly identifies and
publicly states on a market-by-market
basis all of the specific network
processor and proprietary data feeds
that the Exchange utilizes for the
handling, routing, and execution of
orders, and for performing the
regulatory compliance checks related to
each of those functions. The Exchange
also believes that the proposed rule
change removes impediments to and
perfects the mechanism of a free and
open market and protects investors and
the public interest because it provides
additional specificity, clarity and
transparency.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange does not believe that
the proposed rule change will result in
any burden on competition that is not
necessary or appropriate in furtherance
of the purposes of the Act, as amended.
To the contrary, the Exchange believes
the proposal will enhance competition
because including all of the correct
information for the exchanges enhances
transparency and enables investors to
better assess the quality of the
Exchange’s execution and routing
services.
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
Because the foregoing proposed rule
change does not: (i) Significantly affect
the protection of investors or the public
interest; (ii) impose any significant
burden on competition; and (iii) become
operative for 30 days from the date on
which it was filed, or such shorter time
as the Commission may designate, it has
become effective pursuant to Section
19(b)(3)(A)(iii) of the Act 5 and
subparagraph (f)(6) of Rule 19b–4
thereunder.6
5 15
U.S.C. 78s(b)(3)(a)(iii).
CFR 240.19b–4(f)(6). In addition, Rule 19b–
4(f)(6) requires a self-regulatory organization to give
the Commission written notice of its intent to file
the proposed rule change at least five business days
prior to the date of filing of the proposed rule
6 17
PO 00000
Frm 00083
Fmt 4703
Sfmt 4703
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: (i) Necessary or appropriate in
the public interest; (ii) for the protection
of investors; or (iii) 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
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–
BX–2016–022 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–BX–2016–022. 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
change, or such shorter time as designated by the
Commission. The Exchange has satisfied this
requirement.
E:\FR\FM\03MYN1.SGM
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Federal Register / Vol. 81, No. 85 / Tuesday, May 3, 2016 / Notices
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–BX–
2016–022, and should be submitted on
or before May 24, 2016.7
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016–10268 Filed 5–2–16; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–77720; File No. SR–OCC–
2016–004]
Self-Regulatory Organizations; The
Options Clearing Corporation; Notice
of Designation of Longer Period for
Commission Action on Proposed Rule
Change Related to the Adoption of an
Options Exchange Risk Control
Standards Policy
April 27, 2016.
On March 4, 2016, The Options
Clearing Corporation (‘‘OCC’’) 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 adopt a new Options
Exchange Risk Control Standards Policy
and revise OCC’s Schedule of Fees to
charge and collect from Clearing
Members a fee of two cents per each
cleared options contract (per side)
executed on an options exchange that
did not demonstrate sufficient risk
controls designed to meet the proposed
set of principles-based risk control
standards. The proposed rule change
was published for comment in the
Federal Register on March 18, 2016.3 To
7 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4. OCC also filed this proposal
as an advance notice pursuant to Section 802(e)(1)
of the Payment, Clearing, and Settlement
Supervision Act of 2010 and Rule 19b–4(n)(1)
under the Exchange Act. 15 U.S.C. 5465(e)(1) and
17 CFR 240.19b–4(n)(1). See Securities Exchange
Act Release No. 34–77628 (April 15, 2016), 81 FR
23536 (April 21, 2016) (SR–OCC–2016–801). To
date, the Commission has not received any
comments on the advance notice.
3 Securities Exchange Act Release No. 34–77358
(March 14, 2016), 81 FR 14921 (March 18, 2016)
(File No. SR–OCC–2016–004).
asabaliauskas on DSK3SPTVN1PROD with NOTICES
1 15
VerDate Sep<11>2014
18:53 May 02, 2016
Jkt 238001
date, the Commission has received 6
comment letters on the proposal.4
Section 19(b)(2) of the Act 5 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 the
proposed rule change should be
disapproved. The 45th day from the
publication of notice of filing of this
proposed rule change is May 2, 2016.
The Commission is extending this 45day time period. In order to provide the
Commission with sufficient time to
consider the proposed rule change, the
Commission finds it is appropriate to
designate a longer period within which
to take action on the proposed rule
change.
Accordingly, the Commission,
pursuant to Section 19(b)(2) of the Act,6
designates June 16, 2016, as the date by
which the Commission should either
approve or disapprove, or institute
proceedings to determine whether to
disapprove, the proposed rule change
(File No. SR–OCC–2016–004).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.7
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016–10269 Filed 5–2–16; 8:45 am]
BILLING CODE 8011–01–P
4 See Letters from Mark Dehnert, Managing
Director, Goldman Sachs & Co., and Kyle Czepiel,
Co-Chief Executive Officer, Goldman Sachs
Execution & Clearing, L.P., dated March 28, 2016,
to Secretary, Commission; Lisa J. Fall, President,
BOX Options Exchange, dated April 6, 2016, to
Brent J. Fields, Secretary, Commission; James G.
Lundy, Associate General Counsel, ABN AMRO
Clearing Chicago LLC, dated April 8, 2016, to Brent
J. Fields, Secretary, Commission; Ellen Greene,
Managing Director, Securities Industry and
Financial Markets Association, dated April 12,
2016, to Robert W. Errett, Deputy Secretary,
Commission; Michael J. Simon, Secretary and
General Counsel, International Securities Exchange,
LLC, dated April 20, 2016, to Brent J. Fields,
Secretary, Commission; and Edward T. Tilly, Chief
Executive Officer, Chicago Board Options
Exchange, Inc., dated April 20, 2016, to Brent J.
Fields, Secretary, Commission.
5 15 U.S.C. 78s(b)(2).
6 15 U.S.C. 78s(b)(2).
7 17 CFR 200.30–3(a)(31).
PO 00000
Frm 00084
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26609
SECURITIES AND EXCHANGE
COMMISSION
[File No. 500–1]
Coyote Resources, Inc., Harbor Island
Development Corp., Medical Makeover
Corp. of America, and Shades
Holdings, Inc.; Order of Suspension of
Trading
April 29, 2016.
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning the securities of Coyote
Resources, Inc. (CIK No. 1392121), a
revoked Nevada corporation with its
principal place of business listed as
Davie, Florida with stock quoted on
OTC Link (previously, ‘‘Pink Sheets’’)
operated by OTC Markets Group, Inc.
(‘‘OTC Link’’) under the ticker symbol
COYR, because it has not filed any
periodic reports since the period ended
June 30, 2013. On August 19, 2015, a
delinquency letter was sent by the
Division of Corporation Finance to
Coyote Resources, Inc. requesting
compliance with its periodic filing
obligations, and Coyote Resources, Inc.
received the delinquency letter on
August 29, 2015, but failed to cure its
delinquencies.
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning the securities of Harbor
Island Development Corp. (CIK No.
1490824), a revoked Nevada corporation
with its principal place of business
listed as Opa Locka, Florida with stock
quoted on OTC Link under the ticker
symbol HIDC, because it has not filed
any periodic reports since the period
ended June 30, 2013. On July 31, 2015,
a delinquency letter was sent by the
Division of Corporation Finance to
Harbor Island Development Corp.
requesting compliance with its periodic
filing obligations, but it did not receive
the delinquency letter due to its failure
to maintain a valid address on file with
the Commission as required by
Commission rules (Rule 301 of
Regulation S–T, 17 CFR 232.301 and
Section 5.4 of EDGAR Filer Manual).
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning the securities of Medical
Makeover Corp. of America (CIK No.
1083944), a void Delaware corporation
with its principal place of business
listed as West Palm Beach, Florida with
stock quoted on OTC Link under the
ticker symbol MMAM, because it has
not filed any periodic reports since the
period ended September 30, 2012. On
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]]>Agencies
[Federal Register Volume 81, Number 85 (Tuesday, May 3, 2016)]
[Notices]
[Pages 26607-26609]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-10268]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-77719; File No. SR-BX-2016-022]
Self-Regulatory Organizations; NASDAQ BX, Inc.; Notice of Filing
and Immediate Effectiveness of Proposed Rule Change To Update Public
Disclosure of Exchange Usage of Market Data
April 27, 2016.
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 21, 2016, NASDAQ BX, Inc. (``Exchange'') 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 Commission is publishing this notice
to solicit comments on the proposed rule change from interested
persons.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 782(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 update Exchange Rule 4759 and to amend the
public disclosure of the sources of data that the Exchange utilizes
when performing (1) order handling and execution; (2) order routing;
and (3) related compliance processes.
The text of the proposed rule change is below. Proposed new
language is italicized and deleted language is bracketed.
* * * * *
4759. Data Feeds Utilized
The BX System utilizes the below proprietary and network processor
feeds for the handling, routing, and execution of orders, as well as
for the regulatory compliance processes related to those functions. The
Secondary Source of data is, where applicable, utilized only in
emergency market conditions and only until those emergency conditions
are resolved.
------------------------------------------------------------------------
Market center Primary source Secondary source
------------------------------------------------------------------------
A--NYSE MKT (AMEX)........... NYSE MKT CQS/UQDF.
OpenBook Ultra.
B--NASDAQ OMX BX............. BX ITCH 5.0..... CQS/UQDF.
C--NSX....................... CQS/UQDF........ n/a.
D--FINRA ADF................. CQS/UQDF........ n/a.
J--DirectEdge A.............. BATS PITCH...... CQS/UQDF.
K--DirectEdge X.............. BATS PITCH...... CQS/UQDF.
M--[CSX] CHX................. [CQS/UQDF] CHX [n/a] CQS/UQDF.
Book Feed.
N--NYSE...................... NYSE OpenBook CQS/UQDF.
Ultra.
P--NYSE Arca................. NYSE ARCA XDP... CQS/UQDF.
T/Q--NASDAQ.................. ITCH 5.0........ CQS/UQDF.
X--NASDAQ OMX PSX............ PSX ITCH 5.0.... CQS/UQDF.
Y--BATS Y-Exchange........... BATS PITCH...... CQS/UQDF.
Z--BATS Exchange............. BATS PITCH...... CQS/UQDF.
------------------------------------------------------------------------
* * * * *
The text of the proposed rule change is available on the Exchange's
Web site at https://nasdaqomxbx.cchwallstreet.com/, at the principal
office of the Exchange, and at the Commission's Public Reference Room.
[[Page 26608]]
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.
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 update and amend the table in Exchange
Rule 4759 that sets forth on a market-by-market basis the specific
network processor and proprietary data feeds that the Exchange utilizes
for the handling, routing, and execution of orders, and for performing
the regulatory compliance checks related to each of those functions.
Specifically, the table will be amended to update the symbol for
the Chicago Stock Exchange, Inc. from ``CSX'' to ``CHX'', as well as to
update the primary and secondary sources in the table for CHX. The
primary source will be CHX Book Feed and the former primary source,
CQS/UQDF, will become the secondary source. The change to the primary
source reflects the Exchange's effort to increase the amount of data it
gathers.
2. Statutory Basis
The Exchange believes that the proposed rule change is consistent
with the provisions of Section 6 of the Act,\3\ in general and with
Sections 6(b)(5) of the Act,\4\ in particular in that it is designed to
prevent fraudulent and manipulative acts and practices, to promote just
and equitable principles of trade, to foster cooperation and
coordination with persons engaged in regulating, clearing, settling,
processing information with respect to, and facilitating transactions
in securities, 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.
---------------------------------------------------------------------------
\3\ 15 U.S.C. 78f.
\4\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
The Exchange believes that its proposal to amend the table in
Exchange Rule 4759 to update it for the symbol for the Chicago Stock
Exchange, Inc. and to amend the primary and secondary sources of data
for CHX that the Exchange utilizes when performing (1) order handling
and execution; (2) order routing; and (3) related compliance processes
will ensure that Exchange Rule 4759 correctly identifies and publicly
states on a market-by-market basis all of the specific network
processor and proprietary data feeds that the Exchange utilizes for the
handling, routing, and execution of orders, and for performing the
regulatory compliance checks related to each of those functions. The
Exchange also believes that the proposed rule change removes
impediments to and perfects the mechanism of a free and open market and
protects investors and the public interest because it provides
additional specificity, clarity and transparency.
B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange does not believe that the proposed rule change will
result in any burden on competition that is not necessary or
appropriate in furtherance of the purposes of the Act, as amended. To
the contrary, the Exchange believes the proposal will enhance
competition because including all of the correct information for the
exchanges enhances transparency and enables investors to better assess
the quality of the Exchange's execution and routing services.
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
Because the foregoing proposed rule change does not: (i)
Significantly affect the protection of investors or the public
interest; (ii) impose any significant burden on competition; and (iii)
become operative for 30 days from the date on which it was filed, or
such shorter time as the Commission may designate, it has become
effective pursuant to Section 19(b)(3)(A)(iii) of the Act \5\ and
subparagraph (f)(6) of Rule 19b-4 thereunder.\6\
---------------------------------------------------------------------------
\5\ 15 U.S.C. 78s(b)(3)(a)(iii).
\6\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)
requires a self-regulatory organization to give the Commission
written notice of its intent to file the proposed rule change at
least five business days prior to the date of filing of the proposed
rule change, or such shorter time as designated by the Commission.
The Exchange has satisfied this requirement.
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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: (i)
Necessary or appropriate in the public interest; (ii) for the
protection of investors; or (iii) 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
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-BX-2016-022 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-BX-2016-022. 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
[[Page 26609]]
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-BX-2016-022, and should be submitted on or before May 24, 2016.\7\
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\7\ 17 CFR 200.30-3(a)(12).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-10268 Filed 5-2-16; 8:45 am]
BILLING CODE 8011-01-P
