Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Relocate the Exchange's Pricing Schedule, 66798 [C1-2018-26400]
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Federal Register / Vol. 83, No. 247 / Thursday, December 27, 2018 / Notices
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–NYSEArca–2018–91 and
should be submitted on or before
January 17, 2019.
[Release No. 34–84873; File No. SR–
NYSEArca–2018–96]
Self-Regulatory Organizations; NYSE
Arca Inc.; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Amend Commentary
.02 to Rule 6.72–O in Order To Extend
the Penny Pilot in Options Classes in
Certain Issues Through June 30, 2019
December 19, 2018.
SECURITIES AND EXCHANGE
COMMISSION
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934 (the
‘‘Act’’) 2 and Rule 19b–4 thereunder,3
notice is hereby given that on December
18, 2018, NYSE Arca Inc. (the
‘‘Exchange’’ or ‘‘NYSE Arca’’) filed with
the Securities and Exchange
Commission (the ‘‘Commission’’) the
proposed rule change as described in
Items I and II below, which Items have
been prepared by the self-regulatory
organization. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
[Release No. 34–84684; File No. SR–
NASDAQ–2018–098]
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.25
Brent J. Fields,
Secretary.
[FR Doc. 2018–28007 Filed 12–26–18; 8:45 am]
BILLING CODE 8011–01–P
Self-Regulatory Organizations; The
Nasdaq Stock Market LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Relocate
the Exchange’s Pricing Schedule
November 29, 2018.
Correction
In notice document 2018–26400
beginning on page 62936 in the issue of
Thursday, December 6, 2018, make the
following correction:
On page 62938, in the second column,
the last line of the first full paragraph
‘‘December 26, 2018’’ should read
‘‘December 27, 2018’’.
[FR Doc. C1–2018–26400 Filed 12–26–18; 8:45 am]
The Exchange proposes to amend
Commentary .02 to Rule 6.72–O in order
to extend the Penny Pilot in options
classes in certain issues (‘‘Pilot
Program’’) previously approved by the
Securities and Exchange Commission
(‘‘Commission’’) through June 30, 2019.
The Pilot Program is currently
scheduled to expire on December 31,
2018. The proposed rule change is
available on the Exchange’s website at
www.nyse.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
self-regulatory organization 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 those 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.
BILLING CODE 1301–00–D
khammond on DSK30JT082PROD with NOTICES
SECURITIES AND EXCHANGE
COMMISSION
1 15
U.S.C.78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
2 15
25 17
CFR 200.30–3(a)(12).
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A. Self-Regulatory Organization’s
Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange hereby proposes to
amend Commentary .02 to Rule 6.72–O
to extend the time period of the Pilot
Program, which is currently scheduled
to expire on December 31, 2018, through
June 30, 2019.4 The Exchange also
proposes that the date to replace issues
in the Pilot Program that have been
delisted be revised to the second trading
day following January 1, 2019.5 The
Exchange believes that extending the
Pilot would allow for further analysis of
the Pilot Program and a determination
of how the Pilot Program should be
structured in the future.
This filing does not propose any
substantive changes to the Pilot
Program: all classes currently
participating will remain the same and
all minimum increments will remain
unchanged. The Exchange believes the
benefits to public customers and other
market participants who will be able to
express their true prices to buy and sell
options have been demonstrated to
outweigh the increase in quote traffic.
2. Statutory Basis
The proposed rule change is
consistent with Section 6(b) 6 of the Act,
in general, and furthers the objectives of
Section 6(b)(5),7 in particular, 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,
and to remove impediments to and
perfect the mechanisms of a free and
open market and a national market
system.
In particular, the proposed rule
change, which extends the Penny Pilot
Program for six months, allows the
Exchange to continue to participate in a
program that has been viewed as
beneficial to traders, investors and
public customers and viewed as
4 See Securities Exchange Act Release No. 83512
(June 25, 2018), 83 FR 30793 (June 29, 2018) (SR–
NYSEArca–2018–48).
5 The month immediately preceding a
replacement class’s addition to the Pilot Program
(i.e., December) would not be used for purposes of
the analysis for determining the replacement class.
Thus, a replacement class to be added on the
second trading day following January 1, 2019 would
be identified based on The Option Clearing
Corporation’s trading volume data from June 1,
2018 through November 30, 2018. The Exchange
will announce the replacement issues to the
Exchange’s membership through a Trader Update.
6 15 U.S.C. 78f(b).
7 15 U.S.C. 78f(b)(5).
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[Federal Register Volume 83, Number 247 (Thursday, December 27, 2018)]
[Notices]
[Page 66798]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: C1-2018-26400]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-84684; File No. SR-NASDAQ-2018-098]
Self-Regulatory Organizations; The Nasdaq Stock Market LLC;
Notice of Filing and Immediate Effectiveness of Proposed Rule Change To
Relocate the Exchange's Pricing Schedule
November 29, 2018.
Correction
In notice document 2018-26400 beginning on page 62936 in the issue
of Thursday, December 6, 2018, make the following correction:
On page 62938, in the second column, the last line of the first
full paragraph ``December 26, 2018'' should read ``December 27, 2018''.
[FR Doc. C1-2018-26400 Filed 12-26-18; 8:45 am]
BILLING CODE 1301-00-D
