Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Exchange's Transaction Fees at Chapter XV, Section 2(1), 59035-59036 [2017-26910]
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Federal Register / Vol. 82, No. 239 / Thursday, December 14, 2017 / Notices
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.
should be submitted on or before
December 29, 2017.
By the Commission.
Eduardo A. Aleman,
Assistant Secretary.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
[FR Doc. 2017–26913 Filed 12–13–17; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–82239; File No. SR–
NASDAQ–2017–127]
Self-Regulatory Organizations; The
Nasdaq Stock Market LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Amend the
Exchange’s Transaction Fees at
Chapter XV, Section 2(1)
December 8, 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 December
1, 2017, The Nasdaq Stock Market LLC
(‘‘Nasdaq’’ or ‘‘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.
sradovich on DSK3GMQ082PROD with NOTICES
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to amend the
Exchange’s transaction fees at Chapter
XV, Section 2(1), which governs the
pricing for Nasdaq Participants using
the Nasdaq Options Market (‘‘NOM’’),
Nasdaq’s facility for executing and
routing standardized equity and index
options.
The text of the proposed rule change
is available on the Exchange’s website at
https://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 and discussed
any comments it received on the
proposed rule change. The text of these
statements may be examined at the
1 15
2 17
U.S.C. 78s(b)(1).
CFR 240.19b–4.
VerDate Sep<11>2014
21:28 Dec 13, 2017
Jkt 244001
1. Purpose
The Exchange proposes to amend the
Exchange’s transaction fees at Chapter
XV, Section 2(1) to introduce a new
NOM Market Maker 3 Rebate to Add
Liquidity in Non-Penny Pilot Options.
Today, the Exchange charges
Participants a $0.35 per contract NOM
Market Maker Fee for Adding Liquidity
in Non-Penny Pilot Options.4 To
incentivize Participants to add NOM
Market Maker liquidity in Non-Penny
Pilot Options, the Exchange offers
Participants an opportunity to reduce
this $0.35 per contract fee to $0.00 per
contract, provided the Participant adds
NOM Market Maker liquidity in NonPenny Pilot Options of 7,500 or more
ADV contracts per day in a month.5
In order to further incentivize NOM
Market Makers to transact in Non-Penny
Pilot Options on NOM, the Exchange
proposes to introduce a new NOM
Market Maker Rebate to Add Liquidity
in Non Penny-Pilot Options, provided
the Participant adds NOM Market Maker
liquidity in Non-Penny Pilot Options of
10,000 or more ADV contracts per day
in a month. The Participant would
receive a $0.30 per contract Rebate to
Add Liquidity in Non-Penny Pilot
Options as a NOM Market Maker.
Participants that qualify for this
proposed rebate would not be charged
the NOM Market Maker Fee for Adding
Liquidity in Non-Penny Pilot Options
by virtue of already having qualified for
the discounted fee of $0.00 in note 5
(i.e., by meeting the lower NOM Market
Maker Non-Penny volume threshold of
7,500 or more ADV contracts per day).
In essence, the Exchange is creating a
new volume threshold that is higher
than the existing threshold with this
proposal. As such, there will be two
NOM Market Maker volume-based tiers
for adding liquidity in Non-Penny Pilot
Options, the lower of which would
provide a discounted fee of $0.00 from
3 The term ‘‘NOM Market Maker’’ or (‘‘M’’) is a
Participant that has registered as a Market Maker on
NOM pursuant to Chapter VII, Section 2, and must
also remain in good standing pursuant to Chapter
VII, Section 4. In order to receive NOM Market
Maker pricing in all securities, the Participant must
be registered as a NOM Market Maker in at least one
security. See Chapter XV.
4 See Chapter XV, Section 2(1).
5 Id. at note 5.
PO 00000
Frm 00244
Fmt 4703
Sfmt 4703
59035
$0.35 for the qualifying Participant,
while the higher would provide a rebate
of $0.30 for the qualifying Participant in
lieu of the $0.35 fee. Accordingly, the
Exchange proposes to amend the
existing volume requirement for the
discounted fee in note 5 to state that
Participants that add NOM Market
Maker liquidity in Non-Penny Pilot
Options of 7,500 to 9,999 ADV contracts
per day in a month will be assessed a
$0.00 per contract Non-Penny Options
Fee for Adding Liquidity in that month.
Participants that add Non-Penny NOM
Market Maker liquidity of 10,000 or
more ADV contracts per day in a month
will not be charged a Non-Penny
Options Fee for Adding Liquidity and
will instead receive the proposed $0.30
per contract Non-Penny Rebate to Add
Liquidity. Finally, the Exchange
proposes to clarify in note 5 that the
$0.35 fee for adding liquidity will apply
unless Participants meet the proposed
volume thresholds, as described above.
2. Statutory Basis
The Exchange believes that its
proposal is consistent with Section 6(b)
of the Act,6 in general, and furthers the
objectives of Sections 6(b)(4) and 6(b)(5)
of the Act,7 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, and is not
designed to permit unfair
discrimination between customers,
issuers, brokers, or dealers.
The proposed change to offer
Participants that send NOM Market
Maker order flow the opportunity to
receive a $0.30 per contract Non-Penny
Rebate to Add Liquidity, provided the
Participant adds NOM Market Maker
liquidity in Non-Penny Pilot Options of
10,000 or more ADV contracts per day
in a month, is reasonable because the
Exchange seeks to further incentivize
Participants to add NOM Market Maker
liquidity in Non-Penny Pilot Options to
obtain the rebate. The Exchange believes
that its proposal will encourage
Participants to select NOM as a venue
and in turn benefit other market
participants with the opportunity to
interact with such liquidity. Other
options exchanges also offer volumebased rebates to market makers for
adding liquidity.8
The Exchange also believes that the
proposed NOM Market Maker Non6 15
U.S.C. 78f(b).
U.S.C. 78f(b)(4) and (5).
8 See MIAX Pearl Fee Schedule, Section 1)a) for
the non-penny maker rebates offered to MIAX Pearl
market makers. See also Nasdaq GEMX Schedule of
Fees, Section I for the non-penny maker rebates
offered to GEMX market makers.
7 15
E:\FR\FM\14DEN1.SGM
14DEN1
59036
Federal Register / Vol. 82, No. 239 / Thursday, December 14, 2017 / Notices
sradovich on DSK3GMQ082PROD with NOTICES
Penny Rebate to Add Liquidity is
equitable and not unfairly
discriminatory because all NOM Market
Makers can qualify for the rebate by
meeting the volume requirements
described above. Furthermore, NOM
Market Makers, unlike other market
participants, add value through
continuous quoting 9 and the
commitment of capital. In addition,
encouraging NOM Market Makers to add
greater liquidity benefits all market
participants in the quality of order
interaction. As such, the Exchange
believes it is equitable and not unfairly
discriminatory to offer only NOM
Market Makers the opportunity to earn
the proposed rebate because of the
obligations borne by these market
participants, as noted herein.
The Exchange also believes that the
proposed change to amend the existing
NOM Market Maker Non-Penny volume
threshold from ‘‘7,500 or more ADV
contracts’’ to ‘‘7,500 to 9,999 ADV
contracts’’ is reasonable because the
Exchange is essentially adding a higher
volume-based tier with this proposal.
The Exchange believes that the
proposed change would clarify how the
two NOM Market Maker Non-Penny
tiers are applied—meeting the volume
threshold in the lower tier would
qualify the Participant for a discounted
fee, and meeting the volume threshold
in the higher tier would qualify the
Participant for a rebate in lieu of the fee,
as described above. In the same vein,
the proposed change to clarify in note
5 that the $0.35 fee for adding liquidity
will apply unless Participants meet
these volume thresholds is reasonable
because it will clarify how the fee and
rebate program proposed herein will
apply.
The Exchange further believes that
these clarifying changes to amend the
existing NOM Market Maker Non-Penny
volume threshold and describe how the
$0.35 fee will apply are equitable and
not unfairly discriminatory because the
changes will apply to all qualifying
Participants.
9 Pursuant to Chapter VII (Market Participants),
Section 5 (Obligations of Market Makers), in
registering as a market maker, an Options
Participant commits himself to various obligations.
Transactions of a Market Maker in its market
making capacity must constitute a course of
dealings reasonably calculated to contribute to the
maintenance of a fair and orderly market, and
Market Makers should not make bids or offers or
enter into transactions that are inconsistent with
such course of dealings. Further, all Market Makers
are designated as specialists on NOM for all
purposes under the Act or rules thereunder. See
Chapter VII, Section 5.
VerDate Sep<11>2014
21:28 Dec 13, 2017
Jkt 244001
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange 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
proposed rebate and corresponding
changes to the volume-based thresholds
described above are all designed to
increase competition by encouraging
NOM Maker Makers to provide greater
liquidity and maintain tight markets in
Non-Penny Pilot Options. The Exchange
operates in a highly competitive market
in which market participants can
readily favor competing venues if they
deem fee levels at a particular venue to
be excessive, or rebate opportunities
available at other venues to be more
favorable. In such an environment, the
Exchange must continually adjust its
fees to remain competitive. Because
competitors are free to modify their own
fees in response, and because market
participants may readily adjust their
order routing practices, the Exchange
believes that the degree to which fee
changes in this market may impose any
burden on competition is extremely
limited.
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.10
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:
10 15
PO 00000
U.S.C. 78s(b)(3)(A)(ii).
Frm 00245
Fmt 4703
Sfmt 9990
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–2017–127 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–2017–127. 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 website (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 website 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–NASDAQ–2017–127 and
should be submitted on or before
January 4, 2018.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.11
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017–26910 Filed 12–13–17; 8:45 am]
BILLING CODE 8011–01–P
11 17
E:\FR\FM\14DEN1.SGM
CFR 200.30–3(a)(12).
14DEN1
Agencies
[Federal Register Volume 82, Number 239 (Thursday, December 14, 2017)]
[Notices]
[Pages 59035-59036]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-26910]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-82239; File No. SR-NASDAQ-2017-127]
Self-Regulatory Organizations; The Nasdaq Stock Market LLC;
Notice of Filing and Immediate Effectiveness of Proposed Rule Change To
Amend the Exchange's Transaction Fees at Chapter XV, Section 2(1)
December 8, 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 December 1, 2017, The Nasdaq Stock Market LLC (``Nasdaq'' or
``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. 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 proposes to amend the Exchange's transaction fees at
Chapter XV, Section 2(1), which governs the pricing for Nasdaq
Participants using the Nasdaq Options Market (``NOM''), Nasdaq's
facility for executing and routing standardized equity and index
options.
The text of the proposed rule change is available on the Exchange's
website at https://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 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 amend the Exchange's transaction fees at
Chapter XV, Section 2(1) to introduce a new NOM Market Maker \3\ Rebate
to Add Liquidity in Non-Penny Pilot Options. Today, the Exchange
charges Participants a $0.35 per contract NOM Market Maker Fee for
Adding Liquidity in Non-Penny Pilot Options.\4\ To incentivize
Participants to add NOM Market Maker liquidity in Non-Penny Pilot
Options, the Exchange offers Participants an opportunity to reduce this
$0.35 per contract fee to $0.00 per contract, provided the Participant
adds NOM Market Maker liquidity in Non-Penny Pilot Options of 7,500 or
more ADV contracts per day in a month.\5\
---------------------------------------------------------------------------
\3\ The term ``NOM Market Maker'' or (``M'') is a Participant
that has registered as a Market Maker on NOM pursuant to Chapter
VII, Section 2, and must also remain in good standing pursuant to
Chapter VII, Section 4. In order to receive NOM Market Maker pricing
in all securities, the Participant must be registered as a NOM
Market Maker in at least one security. See Chapter XV.
\4\ See Chapter XV, Section 2(1).
\5\ Id. at note 5.
---------------------------------------------------------------------------
In order to further incentivize NOM Market Makers to transact in
Non-Penny Pilot Options on NOM, the Exchange proposes to introduce a
new NOM Market Maker Rebate to Add Liquidity in Non Penny-Pilot
Options, provided the Participant adds NOM Market Maker liquidity in
Non-Penny Pilot Options of 10,000 or more ADV contracts per day in a
month. The Participant would receive a $0.30 per contract Rebate to Add
Liquidity in Non-Penny Pilot Options as a NOM Market Maker.
Participants that qualify for this proposed rebate would not be charged
the NOM Market Maker Fee for Adding Liquidity in Non-Penny Pilot
Options by virtue of already having qualified for the discounted fee of
$0.00 in note 5 (i.e., by meeting the lower NOM Market Maker Non-Penny
volume threshold of 7,500 or more ADV contracts per day).
In essence, the Exchange is creating a new volume threshold that is
higher than the existing threshold with this proposal. As such, there
will be two NOM Market Maker volume-based tiers for adding liquidity in
Non-Penny Pilot Options, the lower of which would provide a discounted
fee of $0.00 from $0.35 for the qualifying Participant, while the
higher would provide a rebate of $0.30 for the qualifying Participant
in lieu of the $0.35 fee. Accordingly, the Exchange proposes to amend
the existing volume requirement for the discounted fee in note 5 to
state that Participants that add NOM Market Maker liquidity in Non-
Penny Pilot Options of 7,500 to 9,999 ADV contracts per day in a month
will be assessed a $0.00 per contract Non-Penny Options Fee for Adding
Liquidity in that month. Participants that add Non-Penny NOM Market
Maker liquidity of 10,000 or more ADV contracts per day in a month will
not be charged a Non-Penny Options Fee for Adding Liquidity and will
instead receive the proposed $0.30 per contract Non-Penny Rebate to Add
Liquidity. Finally, the Exchange proposes to clarify in note 5 that the
$0.35 fee for adding liquidity will apply unless Participants meet the
proposed volume thresholds, as described above.
2. Statutory Basis
The Exchange believes that its proposal is consistent with Section
6(b) of the Act,\6\ in general, and furthers the objectives of Sections
6(b)(4) and 6(b)(5) of the Act,\7\ 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, and is
not designed to permit unfair discrimination between customers,
issuers, brokers, or dealers.
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78f(b).
\7\ 15 U.S.C. 78f(b)(4) and (5).
---------------------------------------------------------------------------
The proposed change to offer Participants that send NOM Market
Maker order flow the opportunity to receive a $0.30 per contract Non-
Penny Rebate to Add Liquidity, provided the Participant adds NOM Market
Maker liquidity in Non-Penny Pilot Options of 10,000 or more ADV
contracts per day in a month, is reasonable because the Exchange seeks
to further incentivize Participants to add NOM Market Maker liquidity
in Non-Penny Pilot Options to obtain the rebate. The Exchange believes
that its proposal will encourage Participants to select NOM as a venue
and in turn benefit other market participants with the opportunity to
interact with such liquidity. Other options exchanges also offer
volume-based rebates to market makers for adding liquidity.\8\
---------------------------------------------------------------------------
\8\ See MIAX Pearl Fee Schedule, Section 1)a) for the non-penny
maker rebates offered to MIAX Pearl market makers. See also Nasdaq
GEMX Schedule of Fees, Section I for the non-penny maker rebates
offered to GEMX market makers.
---------------------------------------------------------------------------
The Exchange also believes that the proposed NOM Market Maker Non-
[[Page 59036]]
Penny Rebate to Add Liquidity is equitable and not unfairly
discriminatory because all NOM Market Makers can qualify for the rebate
by meeting the volume requirements described above. Furthermore, NOM
Market Makers, unlike other market participants, add value through
continuous quoting \9\ and the commitment of capital. In addition,
encouraging NOM Market Makers to add greater liquidity benefits all
market participants in the quality of order interaction. As such, the
Exchange believes it is equitable and not unfairly discriminatory to
offer only NOM Market Makers the opportunity to earn the proposed
rebate because of the obligations borne by these market participants,
as noted herein.
---------------------------------------------------------------------------
\9\ Pursuant to Chapter VII (Market Participants), Section 5
(Obligations of Market Makers), in registering as a market maker, an
Options Participant commits himself to various obligations.
Transactions of a Market Maker in its market making capacity must
constitute a course of dealings reasonably calculated to contribute
to the maintenance of a fair and orderly market, and Market Makers
should not make bids or offers or enter into transactions that are
inconsistent with such course of dealings. Further, all Market
Makers are designated as specialists on NOM for all purposes under
the Act or rules thereunder. See Chapter VII, Section 5.
---------------------------------------------------------------------------
The Exchange also believes that the proposed change to amend the
existing NOM Market Maker Non-Penny volume threshold from ``7,500 or
more ADV contracts'' to ``7,500 to 9,999 ADV contracts'' is reasonable
because the Exchange is essentially adding a higher volume-based tier
with this proposal. The Exchange believes that the proposed change
would clarify how the two NOM Market Maker Non-Penny tiers are
applied--meeting the volume threshold in the lower tier would qualify
the Participant for a discounted fee, and meeting the volume threshold
in the higher tier would qualify the Participant for a rebate in lieu
of the fee, as described above. In the same vein, the proposed change
to clarify in note 5 that the $0.35 fee for adding liquidity will apply
unless Participants meet these volume thresholds is reasonable because
it will clarify how the fee and rebate program proposed herein will
apply.
The Exchange further believes that these clarifying changes to
amend the existing NOM Market Maker Non-Penny volume threshold and
describe how the $0.35 fee will apply are equitable and not unfairly
discriminatory because the changes will apply to all qualifying
Participants.
B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange 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 proposed rebate and
corresponding changes to the volume-based thresholds described above
are all designed to increase competition by encouraging NOM Maker
Makers to provide greater liquidity and maintain tight markets in Non-
Penny Pilot Options. The Exchange operates in a highly competitive
market in which market participants can readily favor competing venues
if they deem fee levels at a particular venue to be excessive, or
rebate opportunities available at other venues to be more favorable. In
such an environment, the Exchange must continually adjust its fees to
remain competitive. Because competitors are free to modify their own
fees in response, and because market participants may readily adjust
their order routing practices, the Exchange believes that the degree to
which fee changes in this market may impose any burden on competition
is extremely limited.
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.\10\
---------------------------------------------------------------------------
\10\ 15 U.S.C. 78s(b)(3)(A)(ii).
---------------------------------------------------------------------------
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 [email protected]. Please include
File Number SR-NASDAQ-2017-127 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-2017-127. 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 website (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 website 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-NASDAQ-2017-127 and should be submitted
on or before January 4, 2018.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\11\
---------------------------------------------------------------------------
\11\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-26910 Filed 12-13-17; 8:45 am]
BILLING CODE 8011-01-P