Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the MIAX PEARL Fee Schedule, 52342-52343 [2017-24437]
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52342
Federal Register / Vol. 82, No. 217 / Monday, November 13, 2017 / Notices
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–
Phlx–2017–91 on the subject line.
submissions should refer to File
Number SR–Phlx–2017–91 and should
be submitted on or before December 4,
2017.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.16
Eduardo A. Aleman,
Assistant Secretary.
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.
[FR Doc. 2017–24439 Filed 11–9–17; 8:45 am]
BILLING CODE 8011–01–P
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–Phlx–2017–91. 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
office of the Exchange. All comments
received will be posted without change.
Persons submitting comments are
cautioned that we do not redact or edit
personal identifying information from
comment submissions. You should
submit only information that you wish
to make available publicly. All
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–82017; File No. SR–
PEARL–2017–36]
Self-Regulatory Organizations; MIAX
PEARL, LLC; Notice of Filing and
Immediate Effectiveness of a Proposed
Rule Change To Amend the MIAX
PEARL Fee Schedule
November 6, 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 November
2, 2017, MIAX PEARL, LLC (‘‘MIAX
PEARL’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) a 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 is filing a proposal to
amend the MIAX PEARL Fee Schedule
(the ‘‘Fee Schedule’’).
The text of the proposed rule change
is available on the Exchange’s Web site
at https://www.miaxoptions.com/rulefilings/pearl at MIAX PEARL’s principal
office, and at the Commission’s Public
Reference Room.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange proposes to make a
number of non-substantive, technical
corrections to its routing fee table set
forth in Section 1(b) of the Fee Schedule
to reflect recent corporate name changes
to some of the options exchanges listed
in the table.
As a result of recent exchange
consolidation and corporate rebranding, some options exchanges have
changed their names. The names of all
options exchanges are set forth in the
Exchange’s routing fee table set forth in
Section 1(b) of the Fee Schedule, which
sets forth the fees for customer orders
that are routed to those options
exchanges for execution. Accordingly,
the Exchange proposes to update its
routing fee table set forth in Section 1(b)
of the Fee Schedule to reflect those
recent exchange name changes. No other
changes are proposed to the routing fee
table. Accordingly, as amended, the
routing fee table shall be as follows:
(b) Fees and Rebates for Customer
Orders Routed to Another Options
Exchange MIAX PEARL will assess a
Routing Fee to market participants on
all orders routed to and executed on an
away market as set forth in the table
below.
asabaliauskas on DSKBBXCHB2PROD with NOTICES
Description
Fees
Routed, Priority Customer, Penny Pilot, to: NYSE American, BOX, Cboe, Cboe EDGX Options , Nasdaq MRX, MIAX OPTIONS,
Nasdaq PHLX (except SPY), Nasdaq BX Options ..........................................................................................................................
Routed, Priority Customer, Penny Pilot, to: NYSE Arca Options, Cboe BZX Options, Cboe C2, Nasdaq GEMX, Nasdaq ISE,
NOM, Nasdaq PHLX (SPY only) .....................................................................................................................................................
Routed, Priority Customer, Non-Penny Pilot, to: NYSE American, BOX, Cboe, Cboe EDGX Options, Nasdaq ISE, Nasdaq MRX,
MIAX OPTIONS, Nasdaq PHLX, Nasdaq BX Options ....................................................................................................................
Routed, Priority Customer, Non-Penny Pilot, to: NYSE Arca Options, Cboe BZX Options, Cboe C2, Nasdaq GEMX, NOM .........
Routed, Public Customer that is not a Priority Customer, Penny Pilot, to: NYSE American, NYSE Arca Options, Cboe BZX Options, BOX, Cboe, Cboe C2, Cboe EDGX Options, Nasdaq GEMX, Nasdaq ISE, Nasdaq MRX, MIAX OPTIONS, NOM,
Nasdaq PHLX, Nasdaq BX Options ................................................................................................................................................
16 17
CFR 200.30–3(a)(12).
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0.65
0.15
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Federal Register / Vol. 82, No. 217 / Monday, November 13, 2017 / Notices
Description
52343
Fees
Routed, Public Customer that is not a Priority Customer, Non-Penny Pilot, to: NYSE American .....................................................
Routed, Public Customer that is not a Priority Customer, Non-Penny Pilot, to: NYSE Arca Options, Cboe BZX Options, Cboe
C2, Nasdaq GEMX, Nasdaq MRX, Nasdaq BX Options ................................................................................................................
Routed (Public Customer that is not a Priority Customer), Non-Penny Pilot, to: BOX, Cboe, Cboe EDGX Options, Nasdaq ISE,
MIAX OPTIONS, NOM, Nasdaq PHLX ...........................................................................................................................................
asabaliauskas on DSKBBXCHB2PROD with NOTICES
2. Statutory Basis
The Exchange believes that its
proposal to amend its Fee Schedule is
consistent with Section 6(b) of the Act 3
in general, and furthers the objectives of
Section 6(b)(4) of the Act,4 in that it is
an equitable allocation of reasonable
fees and other charges among Exchange
members and other persons using its
facilities, and 6(b)(5) of the Act,5 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
facilitating transactions in securities, to
remove impediments to and perfect the
mechanisms of a free and open market
and a national market system and, in
general, to protect investors and the
public interest.
The Exchange believes the proposed
changes to update its routing fee table
set forth in Section 1(b) of the Fee
Schedule to reflect recent exchange
name changes promote just and
equitable principles of trade and remove
impediments to and perfect the
mechanism of a free and open market
and a national market system because
the proposed rule change makes nonsubstantive technical corrections and
updates the Exchange’s Fee Schedule.
None of the name changes alter the
application of any fees or rebates on the
Fee Schedule. As such, the proposed
amendments would foster cooperation
and coordination with persons engaged
in facilitating transactions in securities
and would remove impediments to and
perfect the mechanism of a free and
open market and a national exchange
system. In particular, the Exchange
believes that the proposed changes will
provide greater clarity to Members and
the public regarding the Exchange’s
Rules. It is in the public interest for
rules to be accurate and concise so as to
eliminate the potential for confusion.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
MIAX PEARL does not believe that
the proposed rule changes will impose
any burden on competition not
necessary or appropriate in furtherance
U.S.C. 78f(b).
4 15 U.S.C. 78f(b)(4).
5 15 U.S.C. 78f(b)(1) and (b)(5).
of the purposes of the Act. The
proposed changes to update its routing
fee table set forth in Section 1(b) of the
Fee Schedule to reflect recent exchange
name changes will have no impact on
competition as they are not designed to
address any competitive issues but
rather are designed to make nonsubstantive technical corrections and
update the Exchange’s Fee Schedule.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
Written comments were neither
solicited nor 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,6 and Rule
19b–4(f)(2) 7 thereunder. 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
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–
PEARL–2017–36 on the subject line.
3 15
VerDate Sep<11>2014
18:38 Nov 09, 2017
6 15
7 17
Jkt 244001
PO 00000
U.S.C. 78s(b)(3)(A)(ii).
CFR 240.19b–4(f)(2).
Frm 00080
Fmt 4703
Sfmt 9990
0.65
1.20
0.97
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–PEARL–2017–36. 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
office of the Exchange. All comments
received will be posted without change.
Persons submitting comments are
cautioned that we do not redact or edit
personal identifying information from
comment submissions. You should
submit only information that you wish
to make available publicly. All
submissions should refer to File
Number SR–PEARL–2017–36 and
should be submitted on or before
December 4, 2017.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.8
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017–24437 Filed 11–9–17; 8:45 am]
BILLING CODE 8011–01–P
8 17
CFR 200.30–3(a)(12).
E:\FR\FM\13NON1.SGM
13NON1
]]>Agencies
[Federal Register Volume 82, Number 217 (Monday, November 13, 2017)]
[Notices]
[Pages 52342-52343]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-24437]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-82017; File No. SR-PEARL-2017-36]
Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing
and Immediate Effectiveness of a Proposed Rule Change To Amend the MIAX
PEARL Fee Schedule
November 6, 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 November 2, 2017, MIAX PEARL, LLC (``MIAX PEARL'' or ``Exchange'')
filed with the Securities and Exchange Commission (``Commission'') a
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. 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
The Exchange is filing a proposal to amend the MIAX PEARL Fee
Schedule (the ``Fee Schedule'').
The text of the proposed rule change is available on the Exchange's
Web site at https://www.miaxoptions.com/rule-filings/pearl at MIAX
PEARL's principal office, 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 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 make a number of non-substantive,
technical corrections to its routing fee table set forth in Section
1(b) of the Fee Schedule to reflect recent corporate name changes to
some of the options exchanges listed in the table.
As a result of recent exchange consolidation and corporate re-
branding, some options exchanges have changed their names. The names of
all options exchanges are set forth in the Exchange's routing fee table
set forth in Section 1(b) of the Fee Schedule, which sets forth the
fees for customer orders that are routed to those options exchanges for
execution. Accordingly, the Exchange proposes to update its routing fee
table set forth in Section 1(b) of the Fee Schedule to reflect those
recent exchange name changes. No other changes are proposed to the
routing fee table. Accordingly, as amended, the routing fee table shall
be as follows:
(b) Fees and Rebates for Customer Orders Routed to Another Options
Exchange MIAX PEARL will assess a Routing Fee to market participants on
all orders routed to and executed on an away market as set forth in the
table below.
------------------------------------------------------------------------
Description Fees
------------------------------------------------------------------------
Routed, Priority Customer, Penny Pilot, to: NYSE $0.15
American, BOX, Cboe, Cboe EDGX Options , Nasdaq MRX,
MIAX OPTIONS, Nasdaq PHLX (except SPY), Nasdaq BX
Options................................................
Routed, Priority Customer, Penny Pilot, to: NYSE Arca 0.65
Options, Cboe BZX Options, Cboe C2, Nasdaq GEMX, Nasdaq
ISE, NOM, Nasdaq PHLX (SPY only).......................
Routed, Priority Customer, Non-Penny Pilot, to: NYSE 0.15
American, BOX, Cboe, Cboe EDGX Options, Nasdaq ISE,
Nasdaq MRX, MIAX OPTIONS, Nasdaq PHLX, Nasdaq BX
Options................................................
Routed, Priority Customer, Non-Penny Pilot, to: NYSE 0.97
Arca Options, Cboe BZX Options, Cboe C2, Nasdaq GEMX,
NOM....................................................
Routed, Public Customer that is not a Priority Customer, 0.65
Penny Pilot, to: NYSE American, NYSE Arca Options, Cboe
BZX Options, BOX, Cboe, Cboe C2, Cboe EDGX Options,
Nasdaq GEMX, Nasdaq ISE, Nasdaq MRX, MIAX OPTIONS, NOM,
Nasdaq PHLX, Nasdaq BX Options.........................
[[Page 52343]]
Routed, Public Customer that is not a Priority Customer, 0.65
Non-Penny Pilot, to: NYSE American.....................
Routed, Public Customer that is not a Priority Customer, 1.20
Non-Penny Pilot, to: NYSE Arca Options, Cboe BZX
Options, Cboe C2, Nasdaq GEMX, Nasdaq MRX, Nasdaq BX
Options................................................
Routed (Public Customer that is not a Priority 0.97
Customer), Non-Penny Pilot, to: BOX, Cboe, Cboe EDGX
Options, Nasdaq ISE, MIAX OPTIONS, NOM, Nasdaq PHLX....
------------------------------------------------------------------------
2. Statutory Basis
The Exchange believes that its proposal to amend its Fee Schedule
is consistent with Section 6(b) of the Act \3\ in general, and furthers
the objectives of Section 6(b)(4) of the Act,\4\ in that it is an
equitable allocation of reasonable fees and other charges among
Exchange members and other persons using its facilities, and 6(b)(5) of
the Act,\5\ 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 facilitating transactions in securities, to remove
impediments to and perfect the mechanisms 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(b).
\4\ 15 U.S.C. 78f(b)(4).
\5\ 15 U.S.C. 78f(b)(1) and (b)(5).
---------------------------------------------------------------------------
The Exchange believes the proposed changes to update its routing
fee table set forth in Section 1(b) of the Fee Schedule to reflect
recent exchange name changes promote just and equitable principles of
trade and remove impediments to and perfect the mechanism of a free and
open market and a national market system because the proposed rule
change makes non-substantive technical corrections and updates the
Exchange's Fee Schedule. None of the name changes alter the application
of any fees or rebates on the Fee Schedule. As such, the proposed
amendments would foster cooperation and coordination with persons
engaged in facilitating transactions in securities and would remove
impediments to and perfect the mechanism of a free and open market and
a national exchange system. In particular, the Exchange believes that
the proposed changes will provide greater clarity to Members and the
public regarding the Exchange's Rules. It is in the public interest for
rules to be accurate and concise so as to eliminate the potential for
confusion.
B. Self-Regulatory Organization's Statement on Burden on Competition
MIAX PEARL does not believe that the proposed rule changes will
impose any burden on competition not necessary or appropriate in
furtherance of the purposes of the Act. The proposed changes to update
its routing fee table set forth in Section 1(b) of the Fee Schedule to
reflect recent exchange name changes will have no impact on competition
as they are not designed to address any competitive issues but rather
are designed to make non-substantive technical corrections and update
the Exchange's Fee Schedule.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
Written comments were neither solicited nor 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,\6\ and Rule 19b-4(f)(2) \7\ thereunder. 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.
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78s(b)(3)(A)(ii).
\7\ 17 CFR 240.19b-4(f)(2).
---------------------------------------------------------------------------
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-PEARL-2017-36 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-PEARL-2017-36. 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 office of the Exchange. All
comments received will be posted without change. Persons submitting
comments are cautioned that we do not redact or edit personal
identifying information from comment submissions. You should submit
only information that you wish to make available publicly. All
submissions should refer to File Number SR-PEARL-2017-36 and should be
submitted on or before December 4, 2017.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\8\
---------------------------------------------------------------------------
\8\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-24437 Filed 11-9-17; 8:45 am]
BILLING CODE 8011-01-P
