Self-Regulatory Organizations; BOX Exchange LLC; Notice of Withdrawal of Proposed Rule Change To Adopt Rules Governing the Trading of Complex Qualified Contingent Cross Orders and Complex Customer Cross Orders, 3521 [2019-01944]

Download as PDF Federal Register / Vol. 84, No. 29 / Tuesday, February 12, 2019 / Notices filing also will be available for inspection and copying at the principal office of FINRA. 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–FINRA– 2019–004 and should be submitted on or before March 5, 2019. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.14 Eduardo A. Aleman, Deputy Secretary. under Section 19(b)(2)(B) of the Act 6 to determine whether to approve or disapprove the proposed rule change.7 The Commission received one comment letter from the Exchange responding to the Order Instituting Proceedings.8 On November 27, 2018, pursuant to Section 19(b)(2) of the Act,9 the Commission designated a longer period within which to issue an order approving or disapproving the proposed rule change.10 On February 1, 2019, the Exchange withdrew the proposed rule change (SR–BOX–2018–14). [FR Doc. 2019–01946 Filed 2–11–19; 8:45 am] For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.11 Eduardo A. Aleman, Deputy Secretary. BILLING CODE 8011–01–P [FR Doc. 2019–01944 Filed 2–11–19; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–85065; File No. SR–BOX– 2018–14] Self-Regulatory Organizations; BOX Exchange LLC; Notice of Withdrawal of Proposed Rule Change To Adopt Rules Governing the Trading of Complex Qualified Contingent Cross Orders and Complex Customer Cross Orders February 6, 2019. On May 22, 2018, BOX Exchange LLC (the ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 1 and Rule 19b–4 thereunder,2 a proposed rule change to adopt rules governing the trading of Complex Qualified Contingent Cross Orders and Complex Customer Cross Orders. The proposed rule change was published for comment in the Federal Register on June 8, 2018.3 On July 16, 2018, pursuant to Section 19(b)(2) of the Act,4 the Commission designated a longer period within which to approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether to approve or disapprove the proposed rule change.5 On September 5, 2018, the Commission instituted proceedings 14 17 CFR 200.30–3(a)(12). U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 3 See Securities Exchange Act Release No. 83367 (June 4, 2018), 83 FR 26719. 4 15 U.S.C. 78s(b)(2). 5 See Securities Exchange Act Release No. 83647, 83 FR 34635 (July 20, 2018). The Commission designated September 6, 2018 as the date by which the Commission shall approve or disapprove, or institute proceedings to determine whether to approve or disapprove, the proposed rule change. 1 15 VerDate Sep<11>2014 18:30 Feb 11, 2019 Jkt 247001 SECURITIES AND EXCHANGE COMMISSION [Release No. 34–85064; File No. SR– NYSEArca–2019–03)] Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 7.31–E Relating to the Minimum Trade Size Modifier February 6, 2019. 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 January 28, 2019, 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. 6 15 U.S.C. 78s(b)(2)(B). Securities Exchange Act Release No. 84031, 83 FR 46003 (September 11, 2018) (‘‘Order Instituting Proceedings’’). 8 See letter to Brent J. Fields, Secretary, Commission, from Alanna Barton, General Counsel, Exchange, dated October 12, 2018. 9 15 U.S.C. 78s(b)(2). 10 See Securities Exchange Act Release No. 84658, 83 FR 62395 (December 3, 2018). The Commission designated February 3, 2019 as the date by which the Commission shall either approve or disapprove the proposed rule change. 11 17 CFR 200.30–3(a)(12). 1 15 U.S.C.78s(b)(1). 2 15 U.S.C. 78a. 3 17 CFR 240.19b–4. 7 See PO 00000 Frm 00111 Fmt 4703 Sfmt 4703 3521 I. Self-Regulatory Organization’s Statement of the Terms of the Substance of the Proposed Rule Change The Exchange proposes to amend Rule 7.31–E relating to the Minimum Trade Size Modifier. 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. 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 Rule 7.31–E relating to the Minimum Trade Size (‘‘MTS’’) Modifier. Specifically, the Exchange proposes to make the MTS Modifier available for Non-Displayed Limit Orders.4 The Exchange also proposes to provide additional optionality for ETP Holders using the MTS Modifier with Limit IOC Orders, Non-Displayed Limit Orders, Mid-Point Liquidity (‘‘MPL’’) Orders, and Tracking Orders. As proposed, ETP Holders could choose how such orders would trade on arrival to trade either with (i) orders that in the aggregate meet the MTS (current functionality), or (ii) individual orders that each meet the MTS (proposed functionality). The MTS Modifier is currently available for Limit IOC Orders,5 MPL Orders,6 and Tracking Orders.7 As such, 4 See Rule 7.31–E(d)(2). In sum, A Non-Displayed Limit Order is a Limit Order that is not displayed and does not route. Id. 5 See Rule 7.31–E(b)(2)(A). In sum, a Limit Order designated IOC is to be traded in whole or in part on the NYSE Arca Marketplace as soon as such order is received, and the quantity not so traded is cancelled. Id. 6 See Rule 7.31–E(d)(3). In sum, an MPL Order is a ‘‘Limit Order that is not displayed and does not route, with a working price at the midpoint of the PBBO.’’ Id. 7 See Rule 7.31–E(d)(4). In sum, a Tracking Order is an order to buy (sell) with a limit price that is E:\FR\FM\12FEN1.SGM Continued 12FEN1

Agencies

[Federal Register Volume 84, Number 29 (Tuesday, February 12, 2019)]
[Notices]
[Page 3521]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-01944]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-85065; File No. SR-BOX-2018-14]


Self-Regulatory Organizations; BOX Exchange LLC; Notice of 
Withdrawal of Proposed Rule Change To Adopt Rules Governing the Trading 
of Complex Qualified Contingent Cross Orders and Complex Customer Cross 
Orders

February 6, 2019.
    On May 22, 2018, BOX Exchange LLC (the ``Exchange'') filed with the 
Securities and Exchange Commission (``Commission''), pursuant to 
Section 19(b)(1) of the Securities Exchange Act of 1934 \1\ and Rule 
19b-4 thereunder,\2\ a proposed rule change to adopt rules governing 
the trading of Complex Qualified Contingent Cross Orders and Complex 
Customer Cross Orders. The proposed rule change was published for 
comment in the Federal Register on June 8, 2018.\3\ On July 16, 2018, 
pursuant to Section 19(b)(2) of the Act,\4\ the Commission designated a 
longer period within which to approve the proposed rule change, 
disapprove the proposed rule change, or institute proceedings to 
determine whether to approve or disapprove the proposed rule change.\5\ 
On September 5, 2018, the Commission instituted proceedings under 
Section 19(b)(2)(B) of the Act \6\ to determine whether to approve or 
disapprove the proposed rule change.\7\ The Commission received one 
comment letter from the Exchange responding to the Order Instituting 
Proceedings.\8\ On November 27, 2018, pursuant to Section 19(b)(2) of 
the Act,\9\ the Commission designated a longer period within which to 
issue an order approving or disapproving the proposed rule change.\10\ 
On February 1, 2019, the Exchange withdrew the proposed rule change 
(SR-BOX-2018-14).
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 83367 (June 4, 
2018), 83 FR 26719.
    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 83647, 83 FR 34635 
(July 20, 2018). The Commission designated September 6, 2018 as the 
date by which the Commission shall approve or disapprove, or 
institute proceedings to determine whether to approve or disapprove, 
the proposed rule change.
    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ See Securities Exchange Act Release No. 84031, 83 FR 46003 
(September 11, 2018) (``Order Instituting Proceedings'').
    \8\ See letter to Brent J. Fields, Secretary, Commission, from 
Alanna Barton, General Counsel, Exchange, dated October 12, 2018.
    \9\ 15 U.S.C. 78s(b)(2).
    \10\ See Securities Exchange Act Release No. 84658, 83 FR 62395 
(December 3, 2018). The Commission designated February 3, 2019 as 
the date by which the Commission shall either approve or disapprove 
the proposed rule change.
    \11\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2019-01944 Filed 2-11-19; 8:45 am]
 BILLING CODE 8011-01-P
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