Product Change-Priority Mail Express Negotiated Service Agreement, 34210 [2019-15201]
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Federal Register / Vol. 84, No. 137 / Wednesday, July 17, 2019 / Notices
it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Contract 537 to
Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2019–163, CP2019–183.
Sean Robinson,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2019–15202 Filed 7–16–19; 8:45 am]
BILLING CODE 7710–12–P
POSTAL SERVICE
Product Change—Priority Mail Express
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: July 17,
2019.
FOR FURTHER INFORMATION CONTACT:
Sean Robinson, 202–268–8405.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on July 12, 2019,
it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Express Contract 78 to
Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2019–162, CP2019–182.
SUMMARY:
Sean Robinson,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2019–15201 Filed 7–16–19; 8:45 am]
BILLING CODE 7710–12–P
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to amend its
Price List to adopt transition pricing to
support the introduction of ports that
connect to the Exchange using Pillar
technology. The Exchange proposes to
implement these changes to its Price
List effective July 3, 2019. 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 the
Statutory Basis for, the Proposed Rule
Change
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–86360; File No. SR–NYSE–
2019–39]
jbell on DSK3GLQ082PROD with NOTICES
‘‘Act’’) 2 and Rule 19b–4 thereunder,3
notice is hereby given that, on July 3,
2019, New York Stock Exchange LLC
(‘‘NYSE’’ or the ‘‘Exchange’’) filed with
the Securities and Exchange
Commission (the ‘‘Commission’’) the
proposed rule change as described in
Items I, II, and III below, which Items
have been prepared by the selfregulatory organization. The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.
Self-Regulatory Organizations; New
York Stock Exchange LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Amend Its
Price List To Adopt Transition Pricing
To Support the Introduction of Ports
That Connect to the Exchange Using
Pillar Technology
July 11, 2019.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934 (the
1. Purpose
The Exchange proposes to amend its
Price List to adopt transition pricing to
support the introduction of ports that
connect to the Exchange using Pillar
technology. With the proposed
transition fee pricing, the Exchange
would (1) adopt a cap on monthly fees
for the use of certain ports connecting
to the Exchange for the billing months
July 2019 through March 2020; (2) adopt
a Decommission Extension Fee
applicable for the billing months April
2020 through September 2020 for legacy
port connections; and (3) prorate the
2 15
1 15
U.S.C. 78s(b)(1).
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U.S.C. 78a.
CFR 240.19b–4.
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monthly fee for certain ports activated
after July 1, 2019, effective April 1,
2020. Without this proposed rule
change, the Exchange would be required
to charge a member organization for all
of its ports—both legacy ports and the
new ports using Pillar technology—
during the transition period, which
could significantly increase costs to
member organizations.
This filing does not to propose to
increase the rates charged for ports.
Rather, the purpose of this filing is to
incent the transition from older to
newer and more efficient Pillar
technology with no fee increase.
Moreover, the Exchange proposes to do
so in essentially the same way that the
Exchange’s affiliate, NYSE Arca, Inc.
(‘‘NYSE Arca’’), did in 2017 4 by, first,
providing a cap on how much member
organizations would be charged for
ports for a nine-month period so that
they would not incur additional charges
during the transition to Pillar
communication protocols and, second,
providing that the fees for the few firms
that do not transition during the ninemonth period offset the Exchange’s
continuing costs of supporting legacy
ports.
The Exchange proposes to implement
these changes to its Price List effective
July 3, 2019.5
Overview of the Proposed Fee Changes
Member organizations enter orders
and order instructions and receive
information from the Exchange by
establishing a connection to a gateway
that uses communication protocols that
map to the order types and modifiers
described in Exchange rules. These
gateway connections, also known as
logical port connections, are referred to
as ‘‘ports’’ on the Exchange’s Price List.
The Exchange currently makes
available ports that provide this
connectivity to the Exchange’s trading
systems (i.e., ports for entry of orders
and/or quotes (‘‘order/quote entry
ports’’)) and charges $550 per port per
month for such ports.6 Designated
4 See Securities Exchange Act Release No. 81901
(October 19, 2017), 82 FR 49426 (SR–NYSArca–
2017–121) (adopting decommission extension fee
for initial three months of March–May 2018);
Securities Exchange Act Release No. 83410 (June
12, 2018), 83 FR 28300 (SR–NYSArca–2018–42)
(extending decommission extension fee for the
additional three months of June–September 2018).
5 The Exchange originally filed to amend the
Schedule of Fees and Rebates on June 28, 2019 (SR–
NYS–2019–36). SR–NYSE–2019–36 was
subsequently withdrawn and replaced by this filing.
6 All ports on the Exchange currently connect via
a Common Customer Gateway (‘‘CCG’’) that
accesses its equity trading systems. See, e.g.,
Securities Exchange Act Release No. 64542 (May
25, 2011), 76 FR 31659 (June 1, 2011) (SR–NYSE–
2011–13).
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]]>Agencies
[Federal Register Volume 84, Number 137 (Wednesday, July 17, 2019)]
[Notices]
[Page 34210]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-15201]
-----------------------------------------------------------------------
POSTAL SERVICE
Product Change--Priority Mail Express 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: July 17, 2019.
FOR FURTHER INFORMATION CONTACT: Sean Robinson, 202-268-8405.
SUPPLEMENTARY INFORMATION: The United States Postal Service[supreg]
hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on
July 12, 2019, it filed with the Postal Regulatory Commission a USPS
Request to Add Priority Mail Express Contract 78 to Competitive Product
List. Documents are available at www.prc.gov, Docket Nos. MC2019-162,
CP2019-182.
Sean Robinson,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2019-15201 Filed 7-16-19; 8:45 am]
BILLING CODE 7710-12-P
