Product Change-Priority Mail Negotiated Service Agreement, 28271-28272 [2018-12956]
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Federal Register / Vol. 83, No. 117 / Monday, June 18, 2018 / Notices
www.prc.gov, Docket Nos. MC2018–167,
CP2018–239.
POSTAL SERVICE
Product Change—Priority Mail
Negotiated Service Agreement
AGENCY:
ACTION:
Elizabeth Reed,
Attorney, Corporate and Postal Business Law.
Postal ServiceTM.
[FR Doc. 2018–12954 Filed 6–15–18; 8:45 am]
BILLING CODE 7710–12–P
Notice.
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.
SUMMARY:
DATES:
Date of required notice: June 18,
2018.
Elizabeth Reed, 202–268–3179.
The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on June 12, 2018,
it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Contract 445 to
Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2018–171, CP2018–243.
SUPPLEMENTARY INFORMATION:
Elizabeth Reed,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2018–12958 Filed 6–15–18; 8:45 am]
BILLING CODE 7710–12–P
POSTAL SERVICE
Product Change—Priority Mail Express
and Priority Mail Negotiated Service
Agreement
ACTION:
Postal
Notice.
ServiceTM.
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: June 18,
2018.
FOR FURTHER INFORMATION CONTACT:
Elizabeth Reed, 202–268–3179.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on June 12, 2018,
it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Express, Priority Mail, &
First-Class Package Service Contract 38
to Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2018–172, CP2018–244.
Elizabeth Reed,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2018–12959 Filed 6–15–18; 8:45 am]
Postal ServiceTM.
BILLING CODE 7710–12–P
Notice.
[FR Doc. 2018–12957 Filed 6–15–18; 8:45 am]
BILLING CODE 7710–12–P
POSTAL SERVICE
Product Change—First-Class Package
Service Negotiated Service Agreement
SUMMARY:
FOR FURTHER INFORMATION CONTACT:
AGENCY:
Product Change—Priority Mail
Express, Priority Mail, & First-Class
Package Service Negotiated Service
Agreement
ACTION:
3642 and 3632(b)(3), on June 12, 2018,
it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Contract 444 to
Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2018–170, CP2018–242.
Elizabeth Reed,
Attorney, Corporate and Postal Business Law.
POSTAL SERVICE
AGENCY:
28271
Postal ServiceTM.
Notice.
AGENCY:
ACTION:
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: June 18,
2018.
FOR FURTHER INFORMATION CONTACT:
Elizabeth Reed, 202–268–3179.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on June 12, 2018,
it filed with the Postal Regulatory
Commission a USPS Request to Add
First-Class Package Service Contract 94
to Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2018–173, CP2018–245.
SUMMARY:
Elizabeth Reed,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2018–12960 Filed 6–15–18; 8:45 am]
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.
SUMMARY:
DATES:
Date of required notice: June 18,
2018.
FOR FURTHER INFORMATION CONTACT:
Elizabeth Reed, 202–268–3179.
The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on June 12, 2018,
it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Express & Priority Mail
Contract 67 to Competitive Product List.
Documents are available at
amozie on DSK3GDR082PROD with NOTICES1
SUPPLEMENTARY INFORMATION:
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Jkt 244001
POSTAL SERVICE
BILLING CODE 7710–12–P
Product Change—Priority Mail
Negotiated Service Agreement
POSTAL SERVICE
Postal
Notice.
AGENCY:
ACTION:
ServiceTM.
Product Change—Priority Mail
Negotiated Service Agreement
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: June 18,
2018.
FOR FURTHER INFORMATION CONTACT:
Elizabeth Reed, 202–268–3179.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
SUMMARY:
PO 00000
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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: June 18,
2018.
FOR FURTHER INFORMATION CONTACT:
Elizabeth Reed, 202–268–3179.
SUMMARY:
E:\FR\FM\18JNN1.SGM
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28272
Federal Register / Vol. 83, No. 117 / Monday, June 18, 2018 / Notices
The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on June 12, 2018,
it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Contract 443 to
Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2018–168, CP2018–240.
SUPPLEMENTARY INFORMATION:
Elizabeth Reed,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2018–12956 Filed 6–15–18; 8:45 am]
BILLING CODE 7710–12–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–83411; File No. SR–ISE–
2018–50]
Self-Regulatory Organizations; Nasdaq
ISE, LLC; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Amend Section IV.D of
the Exchange’s Schedule of Fees
June 12, 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 May 30,
2018, Nasdaq ISE, LLC (‘‘ISE’’ or
‘‘Exchange’’) filed with the Securities
and Exchange Commission (‘‘SEC’’ or
‘‘Commission’’) the proposed rule
change as described in Items I and II
below, which Items have been prepared
by the Exchange. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
amozie on DSK3GDR082PROD with NOTICES1
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to Section
IV.D. of the Exchange’s Schedule of
Fees, as described further below. The
text of the proposed rule change is
available on the Exchange’s website at
https://ise.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
1 15
2 17
U.S.C. 78s(b)(1).
CFR 240.19b–4.
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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 this proposed rule
change is to amend certain Market
Maker 3 fees for Regular Orders in NonSelect Symbols 4 and FX Options.
Presently, the Exchange charges a
base execution fee of $0.25 per contract
to Members who trade 250,000 contracts
or less in a calendar month in NonSelect Symbols and FX Options, and a
fee of $0.20 per contract if a Member
trades more than 250,000 contracts in
Non-Select Symbols and FX Options in
a calendar month. In addition, once a
Member reaches the highest tier, the fee
applicable to that tier will apply
retroactively to all Market Maker
contracts for Regular Orders in NonSelect Symbols and FX Options.
Presently, the Exchange waives this fee
entirely for Market Makers that execute
Flash Orders.5
The Exchange proposes to eliminate
this fee waiver for Flash Orders, such
that Market Makers that execute Flash
Orders will be subject to one of the two
foregoing fee tiers. However, the
Exchange notes that Flash Orders will
remain exempt from the $0.70 per
contract Marketing Fee that it otherwise
charges to Market Makers pursuant to
Section IV.E of the Exchange’s Schedule
of Fees. The Exchange will also
continue to provide credits to Market
Makers that respond to Customer Flash
Orders, pursuant to Section IV.G.
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
3 The term ‘‘Market Makers’’ refers to
‘‘Competitive Market Makers’’ and ‘‘Primary Market
Makers’’ collectively. See ISE Rule 100(a)(28).
4 ‘‘Non-Select Symbols’’ are options overlying all
symbols excluding Select Symbols. ‘‘Select
Symbols’’ are options overlying all symbols listed
on ISE that are in the Penny Pilot Program.
5 A ‘‘Flash Order’’ is an order that is exposed at
the National Best Bid and Offer by the Exchange to
all Members for execution prior to routing the order
to another exchange or cancelling it, as provided
under Supplementary Material .02 to ISE Rule 1901.
6 15 U.S.C. 78f(b).
7 15 U.S.C. 78f(b)(4) and (5).
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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 Commission and the courts have
repeatedly expressed their preference
for competition over regulatory
intervention in determining prices,
products, and services in the securities
markets. In Regulation NMS, while
adopting a series of steps to improve the
current market model, the Commission
highlighted the importance of market
forces in determining prices and SRO
revenues and, also, recognized that
current regulation of the market system
‘‘has been remarkably successful in
promoting market competition in its
broader forms that are most important to
investors and listed companies.’’ 8
Likewise, in NetCoalition v. Securities
and Exchange Commission 9
(‘‘NetCoalition’’) the D.C. Circuit upheld
the Commission’s use of a market-based
approach in evaluating the fairness of
market data fees against a challenge
claiming that Congress mandated a costbased approach.10 As the court
emphasized, the Commission ‘‘intended
in Regulation NMS that ‘market forces,
rather than regulatory requirements’
play a role in determining the market
data . . . . to be made available to
investors and at what cost.’’ 11
Further, ‘‘[n]o one disputes that
competition for order flow is ‘fierce.’
. . . As the SEC explained, ‘[i]n the U.S.
national market system, buyers and
sellers of securities, and the brokerdealers that act as their order-routing
agents, have a wide range of choices of
where to route orders for execution’;
[and] ‘no exchange can afford to take its
market share percentages for granted’
because ‘no exchange possesses a
monopoly, regulatory or otherwise, in
the execution of order flow from broker
dealers’ . . . .’’ 12 Although the court
and the SEC were discussing the cash
equities markets, the Exchange believes
that these views apply with equal force
to the options markets.
The Exchange believes it is reasonable
and equitable to eliminate the fee
waiver for Flash orders because the fee
that the Exchange proposes to charge for
8 Securities Exchange Act Release No. 51808
(June 9, 2005), 70 FR 37496, 37499 (June 29, 2005)
(‘‘Regulation NMS Adopting Release’’).
9 NetCoalition v. SEC, 615 F.3d 525 (DC Cir.
2010).
10 See NetCoalition, at 534–535.
11 Id. at 537.
12 Id. at 539 (quoting Securities Exchange Act
Release No. 59039 (December 2, 2008), 73 FR
74770, 74782–83 (December 9, 2008) (SR–
NYSEArca–2006–21)).
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]]>Agencies
[Federal Register Volume 83, Number 117 (Monday, June 18, 2018)]
[Notices]
[Pages 28271-28272]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-12956]
-----------------------------------------------------------------------
POSTAL SERVICE
Product Change--Priority Mail Negotiated Service Agreement
AGENCY: Postal Service\TM\.
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: June 18, 2018.
FOR FURTHER INFORMATION CONTACT: Elizabeth Reed, 202-268-3179.
[[Page 28272]]
SUPPLEMENTARY INFORMATION: The United States Postal Service[supreg]
hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on
June 12, 2018, it filed with the Postal Regulatory Commission a USPS
Request to Add Priority Mail Contract 443 to Competitive Product List.
Documents are available at www.prc.gov, Docket Nos. MC2018-168, CP2018-
240.
Elizabeth Reed,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2018-12956 Filed 6-15-18; 8:45 am]
BILLING CODE 7710-12-P
