Product Change-Priority Mail Negotiated Service Agreement, 13533-13534 [2018-06265]
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Federal Register / Vol. 83, No. 61 / Thursday, March 29, 2018 / Notices
Representative: Katalin K. Clendenin;
Comments Due: March 30, 2018.
This Notice will be published in the
Federal Register.
SUPPLEMENTARY INFORMATION:
Table of Contents
I. Introduction
II. Docketed Proceeding(s)
Stacy L. Ruble,
Secretary.
I. Introduction
The Commission gives notice that the
Postal Service filed request(s) for the
Commission to consider matters related
to negotiated service agreement(s). The
request(s) may propose the addition or
removal of a negotiated service
agreement from the market dominant or
the competitive product list, or the
modification of an existing product
currently appearing on the market
dominant or the competitive product
list.
Section II identifies the docket
number(s) associated with each Postal
Service request, the title of each Postal
Service request, the request’s acceptance
date, and the authority cited by the
Postal Service for each request. For each
request, the Commission appoints an
officer of the Commission to represent
the interests of the general public in the
proceeding, pursuant to 39 U.S.C. 505
(Public Representative). Section II also
establishes comment deadline(s)
pertaining to each request.
The public portions of the Postal
Service’s request(s) can be accessed via
the Commission’s website (https://
www.prc.gov). Non-public portions of
the Postal Service’s request(s), if any,
can be accessed through compliance
with the requirements of 39 CFR
3007.40.
The Commission invites comments on
whether the Postal Service’s request(s)
in the captioned docket(s) are consistent
with the policies of title 39. For
request(s) that the Postal Service states
concern market dominant product(s),
applicable statutory and regulatory
requirements include 39 U.S.C. 3622, 39
U.S.C. 3642, 39 CFR part 3010, and 39
CFR part 3020, subpart B. For request(s)
that the Postal Service states concern
competitive product(s), applicable
statutory and regulatory requirements
include 39 U.S.C. 3632, 39 U.S.C. 3633,
39 U.S.C. 3642, 39 CFR part 3015, and
39 CFR part 3020, subpart B. Comment
deadline(s) for each request appear in
section II.
sradovich on DSK3GMQ082PROD with NOTICES
II. Docketed Proceeding(s)
1. Docket No(s).: MC2018–133 and
CP2018–189; Filing Title: USPS Request
to Add First-Class Package Service
Contract 92 to Competitive Product List
and Notice of Filing Materials Under
Seal; Filing Acceptance Date: March 22,
2018; Filing Authority: 39 U.S.C. 3642
and 39 CFR 3020.30 et seq.; Public
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[FR Doc. 2018–06247 Filed 3–28–18; 8:45 am]
BILLING CODE 7710–FW–P
POSTAL REGULATORY COMMISSION
[Docket Nos. MC2018–134 and CP2018–190]
New Postal Product
Postal Regulatory Commission.
Notice.
AGENCY:
ACTION:
The Commission is noticing a
recent Postal Service filing for the
Commission’s consideration concerning
negotiated service agreements. This
notice informs the public of the filing,
invites public comment, and takes other
administrative steps.
DATES: Comments are due: April 2,
2018.
SUMMARY:
Submit comments
electronically via the Commission’s
Filing Online system at https://
www.prc.gov. Those who cannot submit
comments electronically should contact
the person identified in the FOR FURTHER
INFORMATION CONTACT section by
telephone for advice on filing
alternatives.
ADDRESSES:
FOR FURTHER INFORMATION CONTACT:
David A. Trissell, General Counsel, at
202–789–6820.
SUPPLEMENTARY INFORMATION:
Table of Contents
13533
proceeding, pursuant to 39 U.S.C. 505
(Public Representative). Section II also
establishes comment deadline(s)
pertaining to each request.
The public portions of the Postal
Service’s request(s) can be accessed via
the Commission’s website (https://
www.prc.gov). Non-public portions of
the Postal Service’s request(s), if any,
can be accessed through compliance
with the requirements of 39 CFR
3007.40.
The Commission invites comments on
whether the Postal Service’s request(s)
in the captioned docket(s) are consistent
with the policies of title 39. For
request(s) that the Postal Service states
concern market dominant product(s),
applicable statutory and regulatory
requirements include 39 U.S.C. 3622, 39
U.S.C. 3642, 39 CFR part 3010, and 39
CFR part 3020, subpart B. For request(s)
that the Postal Service states concern
competitive product(s), applicable
statutory and regulatory requirements
include 39 U.S.C. 3632, 39 U.S.C. 3633,
39 U.S.C. 3642, 39 CFR part 3015, and
39 CFR part 3020, subpart B. Comment
deadline(s) for each request appear in
section II.
II. Docketed Proceeding(s)
1. Docket No(s).: MC2018–134 and
CP2018–190; Filing Title: USPS Request
to Add Priority Mail Contract 426 to
Competitive Product List and Notice of
Filing Materials Under Seal; Filing
Acceptance Date: March 23, 2018; Filing
Authority: 39 U.S.C. 3642 and 39 CFR
3020.30 et seq.; Public Representative:
Katalin K. Clendenin; Comments Due:
April 2, 2018.
This Notice will be published in the
Federal Register.
I. Introduction
II. Docketed Proceeding(s)
Stacy Ruble,
Secretary.
I. Introduction
The Commission gives notice that the
Postal Service filed request(s) for the
Commission to consider matters related
to negotiated service agreement(s). The
request(s) may propose the addition or
removal of a negotiated service
agreement from the market dominant or
the competitive product list, or the
modification of an existing product
currently appearing on the market
dominant or the competitive product
list.
Section II identifies the docket
number(s) associated with each Postal
Service request, the title of each Postal
Service request, the request’s acceptance
date, and the authority cited by the
Postal Service for each request. For each
request, the Commission appoints an
officer of the Commission to represent
the interests of the general public in the
[FR Doc. 2018–06337 Filed 3–28–18; 8:45 am]
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BILLING CODE 7710–FW–P
POSTAL SERVICE
Product Change—Priority Mail
Negotiated Service Agreement
Postal ServiceTM.
ACTION: Notice.
AGENCY:
The Postal Service gives
notice of filing a request with the Postal
Regulatory Commission to add a
domestic shipping services contract to
the list of Negotiated Service
Agreements in the Mail Classification
Schedule’s Competitive Products List.
DATES: Date of required notice: March
29, 2018.
FOR FURTHER INFORMATION CONTACT:
Elizabeth Reed, 202–268–3179.
SUMMARY:
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13534
Federal Register / Vol. 83, No. 61 / Thursday, March 29, 2018 / Notices
The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on March 23, 2018,
it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Contract 426 to
Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2018–134, CP2018–190.
SUPPLEMENTARY INFORMATION:
Elizabeth Reed,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2018–06265 Filed 3–28–18; 8:45 am]
BILLING CODE 7710–12–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–82941; File No. SR–
CboeBYX–2018–003]
Self-Regulatory Organizations; Cboe
BYX Exchange, Inc.; Notice of Filing
and Immediate Effectiveness of a
Proposed Rule Change To Amend
Paragraph (c)(5) of Exchange Rule 11.9
Describing the Operation of Minimum
Quantity Orders
March 23, 2018.
sradovich on DSK3GMQ082PROD with NOTICES
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (the
‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on March 16,
2018, Cboe BYX Exchange, Inc. (‘‘BYX’’
or the ‘‘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
Exchange has designated this proposal
as a ‘‘non-controversial’’ proposed rule
change pursuant to Section 19(b)(3)(A)
of the Act 3 and Rule 19b–4(f)(6)(iii)
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
amend paragraph (c)(5) of Exchange
Rule 11.9 describing the operation of
Minimum Quantity Orders.5
The text of the proposed rule change
is available at the Exchange’s website at
www.markets.cboe.com, at the principal
1 15
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A).
4 17 CFR 240.19b–4(f)(6)(iii).
5 See Exchange Rule 11.9(c)(5) for a complete
description of the operation of Minimum Quantity
Orders.
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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
The Exchange proposes to amend
paragraph (c)(5) of Exchange Rule 11.9
describing the operation of Minimum
Quantity Orders by removing language
that provided for the re-pricing of
incoming Minimum Quantity Orders to
avoid an internally crossed book. As a
result of this change, the Exchange
proposes to specify within the rule
when a Minimum Quantity Order
would not be eligible to trade to prevent
executions from occurring that may be
inconsistent with intra-market price
priority or that would cause a nondisplayed order to trade ahead of a
displayed order.
In sum, a Minimum Quantity Order is
a non-displayed order that enables a
User 6 to specify a minimum share
amount at which the order will
execute.7 A Minimum Quantity Order
will not execute unless the volume of
contra-side liquidity available to
execute against the order meets or
exceeds the designated minimum size.
By default, a Minimum Quantity Order
will execute upon entry against a single
order or multiple aggregated orders
simultaneously. The Exchange recently
amended the operation of Minimum
Quantity Orders to permit a User to
alternatively specify the order not
execute against multiple aggregated
orders simultaneously and that the
minimum quantity condition be
6 The term ‘‘User’’ is defined as ‘‘any Member or
Sponsored Participant who is authorized to obtain
access to the System pursuant to Rule 11.3.’’ See
Exchange Rule 1.5(cc).
7 The Exchange will only honor a specified
minimum quantity on BYX Only Orders that are
non-displayed or Immediate-Or-Cancel and will
disregard a minimum quantity on any other order.
See Exchange Rule 11.9(c)(5).
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satisfied by each individual order
resting on the BYX Book.8
The Exchange also recently amended
the operation of Minimum Quantity
Orders to re-price incoming Minimum
Quantity Orders where that order may
cross an order posted on the BYX Book.9
Specifically, where there is insufficient
size to satisfy an incoming order’s
minimum quantity condition and that
incoming order, if posted at its limit
price, would cross an order(s), whether
displayed or non-displayed, resting on
the BYX Book, the order with the
minimum quantity condition would be
re-priced to and ranked at the locking
price. This functionality has not yet
been implemented 10 and the Exchange
now proposes to amend paragraph (c)(5)
of Rule 11.9 to remove this re-pricing
requirement.
As a result of the above change, the
Exchange proposes to amend paragraph
(c)(5) of Rule 11.9 to describe when a
Minimum Quantity Order will not be
eligible to trade to prevent executions
from occurring that may be inconsistent
with intra-market price priority or
would result in a non-displayed order
trading ahead of a same-priced, sameside displayed order.11 The Exchange
would not permit a Minimum Quantity
Order that crosses other displayed or
non-displayed orders on the BYX Book
to trade at prices that are worse than the
price of such contra-side orders. The
Exchange would also not permit a
resting Minimum Quantity Order to
trade at a price equal to a contra-side
displayed order. This proposal is based
on recently adopted NYSE Arca, Inc.
(‘‘NYSE Arca’’) Rule 7.31–E(i)(3)(C).12
8 See Securities Exchange Act Release No. 81806
(October 3, 2017), 82 FR 47047 (October 10, 2017)
(SR–BatsBYX–2017–24). This functionality is
pending deployment and the implementation date
will be announced via a trading notice.
9 Id.
10 See supra note 8. Exchange Rule 11.9(c)(5) does
not require re-pricing where the Minimum Quantity
Order is resting on the BYX Book. As such, an
internally crossed book may occur where the
incoming order is of insufficient size to satisfy the
resting order’s minimum quantity condition and
that incoming order, if posted at its limit price,
would cross that order with a minimum quantity
condition resting on the BYX Book.
11 Exchange Rule 11.12(a) states that orders on the
BYX Book are ranked and maintained by the
Exchange according to price-time priority.
Exchange Rule 11.12(a) further prohibits a nondisplayed order from trading ahead of a same-side,
same-priced displayed order. This proposed rule
change adds language to Exchange Rule 11.9(c)(5)
to clarify this priority scheme during an internally
crossed market.
12 See Securities Exchange Act Release No. 82504
(January 16, 2018), 83 FR 3038 (January 22, 2018)
(SR–NYSEArca–2018–01) (Notice of Filing and
Immediate Effectiveness of Proposed Rule Change
To Amend Rule 7.31–E Relating to Mid-Point
Liquidity Orders and the Minimum Trade Size
Modifier and Rule 7.36–E To Add a Definition of
‘‘Aggressing Order’’).
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]]>Agencies
[Federal Register Volume 83, Number 61 (Thursday, March 29, 2018)]
[Notices]
[Pages 13533-13534]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-06265]
=======================================================================
-----------------------------------------------------------------------
POSTAL SERVICE
Product Change--Priority Mail Negotiated Service Agreement
AGENCY: Postal ServiceTM.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Postal Service gives notice of filing a request with the
Postal Regulatory Commission to add a domestic shipping services
contract to the list of Negotiated Service Agreements in the Mail
Classification Schedule's Competitive Products List.
DATES: Date of required notice: March 29, 2018.
FOR FURTHER INFORMATION CONTACT: Elizabeth Reed, 202-268-3179.
[[Page 13534]]
SUPPLEMENTARY INFORMATION: The United States Postal Service[supreg]
hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on
March 23, 2018, it filed with the Postal Regulatory Commission a USPS
Request to Add Priority Mail Contract 426 to Competitive Product List.
Documents are available at www.prc.gov, Docket Nos. MC2018-134, CP2018-
190.
Elizabeth Reed,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2018-06265 Filed 3-28-18; 8:45 am]
BILLING CODE 7710-12-P
