Self-Regulatory Organizations; Nasdaq MRX, LLC; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change in Connection With a System Migration to Nasdaq INET Technology, 33527 [2017-15196]
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Federal Register / Vol. 82, No. 138 / Thursday, July 20, 2017 / Notices
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–81151; File No. SR–MRX–
2017–02]
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2017–15196 Filed 7–19–17; 8:45 am]
Self-Regulatory Organizations; Nasdaq
MRX, LLC; Notice of Designation of a
Longer Period for Commission Action
on Proposed Rule Change in
Connection With a System Migration to
Nasdaq INET Technology
asabaliauskas on DSKBBXCHB2PROD with NOTICES
July 14, 2017.
On May 17, 2017, Nasdaq MRX, LLC
(‘‘MRX’’ or ‘‘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 a proposed rule change to
amend various Exchange rules in
connection with a system migration to
Nasdaq, Inc. supported technology. The
proposed rule change was published for
comment in the Federal Register on
June 5, 2017.3 The Commission received
no comment letters on the proposed rule
change.
Section 19(b)(2) of the Act 4 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 for this filing
is July 20, 2017.
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 the Exchange’s proposal, as
described above.
Accordingly, pursuant to Section
19(b)(2) of the Act,5 the Commission
designates September 3, 2017, 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–MRX–2017–02).
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 80815
(May 30, 2017), 82 FR 25827 (‘‘Notice’’).
4 15 U.S.C. 78s(b)(2).
5 15 U.S.C. 78s(b)(2).
2 17
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33527
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
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–81144; File No. SR–ISE–
2017–69]
Self-Regulatory Organizations; Nasdaq
ISE, LLC; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Amend the Schedule
of Fees in Connection With the ISE
System Migration
July 14, 2017.
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 3,
2017, Nasdaq ISE, LLC (‘‘ISE’’ 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 proposes to amend the
Schedule of Fees to indicate the
treatment of various symbols which are
migrating to INET technology in July
2017.
The text of the proposed rule change
is available on the Exchange’s Web site
at www.ise.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
PO 00000
6 17
CFR 200.30–3(a)(31).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15
Frm 00052
Fmt 4703
Sfmt 4703
1. Purpose
The purpose of the proposed rule
change is to amend the Schedule of Fees
to: (1) Exclude certain Select Symbols 3
which will migrate to INET from July
3rd through July 30th 2017 from the
Market Maker Plus 4 Tiers for the month
of July 2017; and (2) exclude certain
activity for certain Select Symbols
which will migrate to INET on July 31,
2017 from the Market Maker Plus Tiers
for the month of July 2017. Each rule
change will be described in greater
detail below.
These rule changes are being made in
connection with the migration of the
Exchange’s trading system to the Nasdaq
INET technology, which began on June
12, 2017.5 On June 9, 2017, the
Exchange filed a proposed rule change
that eliminated fees and rebates for
trades in FX Options that began trading
on INET with the launch of the replatformed trading system.6 In addition,
on June 27, 2017 the Exchange filed
another proposed rule change that
eliminated fees and rebates for trades in
symbol KANG that began trading on
INET on that date.7 The Exchange
recently filed a proposed rule change
that eliminated fees and rebates for
trades executed on June 30, 2017 in the
following symbols: ACN, ACOR, AEO,
AFSI, AMJ, AOBC, BKD, BTE, BV, CBI,
CCL, CLR, CME, CNQ, ADM, ADSK,
AGNC, ASHR, BBT, BK, BSX, CIEN, and
3 ‘‘Select Symbols’’ are options overlying all
symbols listed on ISE that are in the Penny Pilot
Program.
4 A Market Maker Plus is a Market Maker who is
on the National Best Bid or National Best Offer a
specified percentage of the time for series trading
between $0.03 and $3.00 (for options whose
underlying stock’s previous trading day’s last sale
price was less than or equal to $100) and between
$0.10 and $3.00 (for options whose underlying
stock’s previous trading day’s last sale price was
greater than $100) in premium in each of the front
two expiration months. The specified percentage is
at least 80% but lower than 85% of the time for Tier
1, at least 85% but lower than 95% of the time for
Tier 2, and at least 95% of the time for Tier 3. A
Market Maker’s single best and single worst quoting
days each month based on the front two expiration
months, on a per symbol basis, will be excluded in
calculating whether a Market Maker qualifies for
this rebate, if doing so will qualify a Market Maker
for the rebate.
5 See Securities Exchange Act Release No. 80432
(April 11, 2017), 82 FR 18191 (April 17, 2017) (SR–
ISE–2017–03). See also Options Trader Alert 2017–
51.
6 See Securities Exchange Act Release No. 80999
(June 22, 2017) 82 FR 29354 (June 28, 2017) (SR–
ISE–2017–59).
7 See SR–ISE–2017–63 (publication pending).
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]]>Agencies
[Federal Register Volume 82, Number 138 (Thursday, July 20, 2017)]
[Notices]
[Page 33527]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-15196]
[[Page 33527]]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-81151; File No. SR-MRX-2017-02]
Self-Regulatory Organizations; Nasdaq MRX, LLC; Notice of
Designation of a Longer Period for Commission Action on Proposed Rule
Change in Connection With a System Migration to Nasdaq INET Technology
July 14, 2017.
On May 17, 2017, Nasdaq MRX, LLC (``MRX'' or ``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\ a proposed rule change to amend
various Exchange rules in connection with a system migration to Nasdaq,
Inc. supported technology. The proposed rule change was published for
comment in the Federal Register on June 5, 2017.\3\ The Commission
received no comment letters on the proposed rule change.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 80815 (May 30,
2017), 82 FR 25827 (``Notice'').
---------------------------------------------------------------------------
Section 19(b)(2) of the Act \4\ 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 for this filing is July 20, 2017.
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------
The Commission is extending the 45-day 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 the
Exchange's proposal, as described above.
Accordingly, pursuant to Section 19(b)(2) of the Act,\5\ the
Commission designates September 3, 2017, 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-MRX-2017-02).
---------------------------------------------------------------------------
\5\ 15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\6\
---------------------------------------------------------------------------
\6\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2017-15196 Filed 7-19-17; 8:45 am]
BILLING CODE 8011-01-P
