Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Update Rule 4758 To Reflect the Name Change of NYSE MKT to NYSE American, 9046-9047 [2018-04211]
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Federal Register / Vol. 83, No. 42 / Friday, March 2, 2018 / Notices
filing also will be available for
inspection and copying at the principal
office of NSCC and on DTCC’s website
(https://dtcc.com/legal/sec-rulefilings.aspx). 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–NSCC–
2017–020 and should be submitted on
or before March 23, 2018.
daltland on DSKBBV9HB2PROD with NOTICES
IV. Accelerated Approval of Proposed
Rule Change, as Modified by
Amendment No. 1
The Commission finds good cause to
approve the proposed rule change, as
modified by Amendment No. 1, prior to
the thirtieth day after the date of
publication of the notice of Amendment
No. 1 in the Federal Register. As
discussed above, NSCC submitted
Amendment No. 1 to replace in its
entirety the originally filed confidential
Exhibit 3a with a new confidential
Exhibit 3a in order to remove references
to a practice that was not intended for
consideration as part of the filing. The
Commission believes that Amendment
No. 1 does not raise any novel issues or
alter the proposed changes in any way.
In addition, the Commission finds that
the proposed rule change, as modified
by Amendment No. 1, is consistent with
the Exchange Act and applicable rules
thereunder for the reasons discussed
above. Accordingly, the Commission
finds good cause to approve the
proposed rule change, as modified by
Amendment No. 1, on an accelerated
basis, pursuant to Section 19(b)(2) of the
Exchange Act.65
V. Conclusion
On the basis of the foregoing, the
Commission finds that the proposed
rule change, as modified by Amendment
No. 1, is consistent with the
requirements of the Exchange Act, in
particular, with the requirements of
Section 17A of the Exchange Act 66 and
the rules and regulations thereunder.
It is therefore ordered, pursuant to
Section 19(b)(2) of the Exchange Act,67
that proposed rule change SR–NSCC–
2017–020, as modified by Amendment
No. 1, be, and it hereby is, approved on
an accelerated basis.
65 15
U.S.C. 78s(b)(2).
approving this proposed rule change, the
Commission has considered the proposed rule’s
impact on efficiency, competition, and capital
formation. See 15 U.S.C. 78c(f).
67 15 U.S.C. 78s(b)(2).
68 17 CFR 200.30–3(a)(12).
66 In
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Jkt 244001
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.68
Brent J. Fields,
Secretary.
[FR Doc. 2018–04238 Filed 3–1–18; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–82775; File No. SR–
NASDAQ–2018–014]
Self-Regulatory Organizations; The
Nasdaq Stock Market LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Update Rule
4758 To Reflect the Name Change of
NYSE MKT to NYSE American
February 26, 2018.
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 February
14, 2018, 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 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 update
Rule 4758 to reflect the name change of
NYSE MKT to NYSE American.
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.
1 15
2 17
PO 00000
U.S.C. 78s(b)(1).
CFR 240.19b–4.
Frm 00084
Fmt 4703
Sfmt 4703
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The purpose of the proposed change
is to update Rule 4758 to reflect the
name change of NYSE MKT to NYSE
American. Rule 4758 concerns order
routing and paragraph (1)(A) thereunder
provides various routing options market
participants may choose for their orders.
The DOT,3 DOTI,4 and LIST 5 routing
options allow a market participant to
route its orders to NYSE MKT. Effective
on July 24, 2017, NYSE MKT was
renamed NYSE American.6
Accordingly, the Exchange is proposing
to make a technical change to Rule 4758
to reflect the new name of NYSE MKT—
NYSE American.
2. Statutory Basis
The Exchange believes that its
proposal is consistent with Section 6(b)
of the Act 7 in general, and furthers the
objectives of Section 6(b)(5) of the Act 8
in particular, in that it is designed to
promote just and equitable principles of
trade, 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, by
avoiding market participant confusion
that may be caused by having an
inaccurate national securities exchange
name referenced in the Exchange’s
rulebook.
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 change will make a technical
change to Rule 4758 to reflect the
accurate name of a national securities
exchange. As such, the Exchange does
not believe that the proposal will place
any burden on competition whatsoever.
3 See
Rule 4758(a)(1)(A)(i).
Rule 4758(a)(1)(A)(ii).
5 See Rule 4758(a)(1)(A)(x).
6 See Securities Exchange Act Release No. 80283
(March 21, 2017), 82 FR 15244 (March 27, 2017)
(SR–NYSEMKT–2017–14); see also Member
Education Bulletin, NYSE MKT Number 17–01, July
14, 2017, available at https://www.nyse.com/
publicdocs/nyse/markets/nyse-american/ruleinterpretations/2017/
NYSE%20MKT%20MEB%2017-01%20NYSE
%20MKT%20American%20Transition.pdf.
7 15 U.S.C. 78f(b).
8 15 U.S.C. 78f(b)(5).
4 See
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Federal Register / Vol. 83, No. 42 / Friday, March 2, 2018 / Notices
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 proposed rule change has become
effective pursuant to Section 19(b)(3)(A)
of the Act 9 and Rule 19b–4(f)(3) 10
thereunder in that the proposed rule
change is concerned solely with the
administration of the Exchange.
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:
daltland on DSKBBV9HB2PROD with NOTICES
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–2018–014 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–NASDAQ–2018–014. 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
9 15
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(3).
10 17
VerDate Sep<11>2014
18:10 Mar 01, 2018
Jkt 244001
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–2018–014 and
should be submitted on or before March
23, 2018.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.11
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018–04211 Filed 3–1–18; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–82776; File No. SR–
CboeBZX–2018–013]
9047
thereunder,4 which renders it effective
upon filing with the Commission. 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 filed a proposal to
introduce a new data feed on its equity
options platform (‘‘BZX Options’’) to be
known as BZX Options Top.
The text of the proposed rule change
is available at the Exchange’s website at
www.markets.cboe.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 parts of such
statements.
(A) Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
Self-Regulatory Organizations; Cboe
BZX Exchange, Inc.; Notice of Filing
and Immediate Effectiveness of a
Proposed Rule Change To Introduce a
New Data Feed on the Exchange’s
Equity Options Platform
February 26, 2018.
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 February
20, 2018, Cboe BZX Exchange, Inc.
(‘‘Exchange’’ or ‘‘BZX’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) the proposed rule
change as described in Items I and II
below, which Items have been prepared
by the Exchange. The Exchange has
designated this proposal as a ‘‘noncontroversial’’ proposed rule change
pursuant to Section 19(b)(3)(A) of the
Act 3 and Rule 19b–4(f)(6)(iii)
The Exchange proposes to introduce a
new data feed on BZX Options to be
known as BZX Options Top. The
Exchange also proposes to amend
Exchange Rule 21.15(b) to add a
description of the BZX Options Top
feed and to change the name of the
Multicast PITCH feed to BZX Options
Depth.
A description of each market data
product offered by the Exchange is
described in Exchange Rule 21.15(b).
The Exchange proposes to amend Rule
21.15(b) to introduce and add a
description of the BZX Options Top
feed to Exchange under subparagraph
(2).5 The BZX Options Top feed would
be described as ‘‘a data feed that offers
top of book quotations and execution
information based on options orders
entered into the System.’’ 6 The
4 17
11 17
CFR 200.30–3(a)(12).
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A).
PO 00000
Frm 00085
Fmt 4703
Sfmt 4703
CFR 240.19b–4(f)(6)(iii).
Exchange also proposes to renumber
current subparagraph (2) as (3) and current
subparagraph (3) as (4).
6 Exchange Rule 21.15(b)(2).
5 The
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]]>Agencies
[Federal Register Volume 83, Number 42 (Friday, March 2, 2018)]
[Notices]
[Pages 9046-9047]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-04211]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-82775; File No. SR-NASDAQ-2018-014]
Self-Regulatory Organizations; The Nasdaq Stock Market LLC;
Notice of Filing and Immediate Effectiveness of Proposed Rule Change To
Update Rule 4758 To Reflect the Name Change of NYSE MKT to NYSE
American
February 26, 2018.
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 February 14, 2018, 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 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.
---------------------------------------------------------------------------
\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 update Rule 4758 to reflect the name
change of NYSE MKT to NYSE American.
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 purpose of the proposed change is to update Rule 4758 to
reflect the name change of NYSE MKT to NYSE American. Rule 4758
concerns order routing and paragraph (1)(A) thereunder provides various
routing options market participants may choose for their orders. The
DOT,\3\ DOTI,\4\ and LIST \5\ routing options allow a market
participant to route its orders to NYSE MKT. Effective on July 24,
2017, NYSE MKT was renamed NYSE American.\6\ Accordingly, the Exchange
is proposing to make a technical change to Rule 4758 to reflect the new
name of NYSE MKT--NYSE American.
---------------------------------------------------------------------------
\3\ See Rule 4758(a)(1)(A)(i).
\4\ See Rule 4758(a)(1)(A)(ii).
\5\ See Rule 4758(a)(1)(A)(x).
\6\ See Securities Exchange Act Release No. 80283 (March 21,
2017), 82 FR 15244 (March 27, 2017) (SR-NYSEMKT-2017-14); see also
Member Education Bulletin, NYSE MKT Number 17-01, July 14, 2017,
available at https://www.nyse.com/publicdocs/nyse/markets/nyse-american/rule-interpretations/2017/NYSE%20MKT%20MEB%2017-01%20NYSE%20MKT%20American%20Transition.pdf.
---------------------------------------------------------------------------
2. Statutory Basis
The Exchange believes that its proposal is consistent with Section
6(b) of the Act \7\ in general, and furthers the objectives of Section
6(b)(5) of the Act \8\ in particular, in that it is designed to promote
just and equitable principles of trade, 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,
by avoiding market participant confusion that may be caused by having
an inaccurate national securities exchange name referenced in the
Exchange's rulebook.
---------------------------------------------------------------------------
\7\ 15 U.S.C. 78f(b).
\8\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
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 change will make a
technical change to Rule 4758 to reflect the accurate name of a
national securities exchange. As such, the Exchange does not believe
that the proposal will place any burden on competition whatsoever.
[[Page 9047]]
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 proposed rule change has become effective pursuant to Section
19(b)(3)(A) of the Act \9\ and Rule 19b-4(f)(3) \10\ thereunder in that
the proposed rule change is concerned solely with the administration of
the Exchange.
---------------------------------------------------------------------------
\9\ 15 U.S.C. 78s(b)(3)(A).
\10\ 17 CFR 240.19b-4(f)(3).
---------------------------------------------------------------------------
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-2018-014 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-NASDAQ-2018-014. 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-2018-014 and should be submitted
on or before March 23, 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. 2018-04211 Filed 3-1-18; 8:45 am]
BILLING CODE 8011-01-P
