Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Modify the Manner in Which It Calculates Volume, Liquidity and Quoting Thresholds Applicable To Billing on the Exchange in Relation to a Systems Issue Experienced by SIAC on August 12, 2019, 47023-47024 [2019-19222]
Download as PDF
Federal Register / Vol. 84, No. 173 / Friday, September 6, 2019 / Notices
https://nasdaqphlx.cchwallstreet.com/,
at the principal office of the Exchange,
and at the Commission’s Public
Reference Room.
17Ad–22(d)(8), and 17Ad–22(d)(11)
thereunder.47
It is therefore ordered pursuant to
Section 19(b)(2) of the Act 48 that the
proposed rule change (SR–ICC–2019–
008) be, and hereby is, approved.49
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.50
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019–19212 Filed 9–5–19; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–86844; File No. SR–Phlx–
2019–31]
Self-Regulatory Organizations; Nasdaq
PHLX LLC; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Modify the Manner in
Which It Calculates Volume, Liquidity
and Quoting Thresholds Applicable To
Billing on the Exchange in Relation to
a Systems Issue Experienced by SIAC
on August 12, 2019
August 30, 2019.
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 August
28, 2019, Nasdaq PHLX LLC (‘‘Phlx’’ or
‘‘Exchange’’) filed with the Securities
and Exchange Commission
(‘‘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.
jspears on DSK3GMQ082PROD with NOTICES
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to modify the
manner in which it calculates volume,
liquidity and quoting thresholds
applicable to billing on the Exchange in
relation to a systems issue experienced
by SIAC on August 12, 2019, which
impacted trade and quote dissemination
across all markets.
The text of the proposed rule change
is available on the Exchange’s website at
47 17 CFR 240.17Ad–22(b)(3), 17 CFR 240.17Ad–
22(d)(4), (8), and (11).
48 15 U.S.C. 78s(b)(2).
49 In approving the proposed rule change, the
Commission considered the proposal’s impact on
efficiency, competition, and capital formation. 15
U.S.C. 78c(f).
50 17 CFR 200.30–3(a)(12).
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
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16:53 Sep 05, 2019
Jkt 247001
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 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 Exchange proposes to modify the
manner in which it calculates volume,
liquidity and quoting thresholds
applicable to billing on the Exchange in
relation to the August 12, 2019 systems
issue, which impacted trade and quote
dissemination across all markets.3
Specifically, on August 12, 2019, SIAC 4
determined to fail over to back up
servers after receiving indications that
its primary systems had become
unstable, causing connectivity
disruptions. The fail over to secondary
systems failed to cure the problem,
resulting in market-wide issues with the
Consolidated Quote System and the
Consolidated Tape System, including
gaps in the intra-day trades, quotes, and
other messages that were attempted to
be sent to it. Consequently, the accuracy
of the transaction and quotation data for
August 12, 2019 is unknown.
As a result, the Exchange is unable to
accurately calculate member transaction
fees and credits, including calculations
for the Exchange’s incentive programs,
since several of the Exchange’s
transaction fees and credits are based on
trading, quoting and liquidity
thresholds that members must satisfy in
order to qualify for the particular rates
(e.g., percentage of Consolidated
Volume, Average Daily Volume, and
time at the NBBO). The Exchange
3 See https://www.ctaplan.com/
alerts#110000144324.
4 SIAC is the operator of the Consolidated Quote
System and Consolidated Tape System, which
disseminate real-time trade and quote information
in New York Stock Exchange LLC (Network A) and
Bats, NYSE Arca, NYSE American and other
regional exchange (Network B) listed securities.
PO 00000
Frm 00092
Fmt 4703
Sfmt 4703
47023
therefore proposes to exclude August
12, 2019 from all tier calculations
described in Equity 7 5 under the
heading Order Execution and Routing in
order to reasonably ensure that a
member that would otherwise qualify
for a particular threshold during August
2019, and the corresponding transaction
rate and/or incentive, would not be
negatively impacted by the August 12,
2019 systems issue.
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 (5) of
the Act,7 in particular, in that it is
designed to promote just and equitable
principles of trade, to remove
impediments to and perfect the
mechanism of a free and open market
and a national market system, and, in
general to protect investors and the
public interest. In this regard, because
the accuracy of the transaction and
quotation data disseminated by SIAC for
August 12, 2019 is unknown, the
Exchange believes that it is reasonable
to exclude August 12, 2019 from all tier
calculations described in Equity 7,
which would reasonably ensure that a
member’s qualification for various
pricing programs would be based on the
data that the Exchange believes is
accurate. The Exchange also believes
that the proposed rule change is
reasonable because the SIAC systems
issue that caused inaccurate transaction
data was not within the Exchange’s
control nor can the Exchange correct or
otherwise remediate the issue. Including
August 12, 2019 transaction and
quotation data for purposes of tier
calculations described in Equity 7 under
the heading Order Execution and
Routing could result in inaccurate
determinations for member rates based
on the extent to which their transactions
and quotations were impacted by the
August 12, 2019 event in comparison to
the overall inaccuracies in the data
provided by SIAC for that date.
Consequently, the Exchange believes
that the proposed change is equitable
and not unfairly discriminatory because
it would result in all market participants
on the Exchange being treated equally
by excluding August 12, 2019 from all
tier calculations described in the Order
Execution and Routing section under
Equity 7. Last, excluding August 12,
2019 from all tier calculations described
5 The Order Execution and Routing section under
Equity 7 provides the schedule of fees and credits
applicable to the PSX’s order execution and routing
services.
6 15 U.S.C. 78f(b).
7 15 U.S.C. 78f(b)(4) and (5).
E:\FR\FM\06SEN1.SGM
06SEN1
47024
Federal Register / Vol. 84, No. 173 / Friday, September 6, 2019 / Notices
in the Order Execution and Routing
section under Equity 7 is in the public
interest because it will provide
Exchange members with the closest
approximation of the fees and credits
that they would have been eligible for
if accurate data for August 12, 2019
were available and included in the
monthly calculation.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange does not believe that
the proposed rule change will impose
any burden on competition not
necessary or appropriate in furtherance
of the purposes of the Act. The
proposed rule change would treat all
market participants on the Exchange
equally by excluding August 12, 2019
from all tier calculations described in
Equity 7. Moreover, the Exchange
believes that the proposed change
would enhance competition between
competing marketplaces by enabling the
Exchange to fairly assess its members
fees and to apply credits in light of
systems issues that occurred, which are
beyond the control of the Exchange.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
No written comments were either
solicited or received.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Because the foregoing proposed rule
change does not: (i) Significantly affect
the protection of investors or the public
interest; (ii) impose any significant
burden on competition; and (iii) become
operative for 30 days from the date on
which it was filed, or such shorter time
as the Commission may designate, it has
become effective pursuant to Section
19(b)(3)(A) of the Act 8 and Rule 19b–
4(f)(6) thereunder.9
A proposed rule change filed
pursuant to Rule 19b–4(f)(6) under the
Act 10 normally does not become
operative for 30 days after the date of its
filing. However, Rule 19b–4(f)(6)(iii) 11
permits the Commission to designate a
shorter time if such action is consistent
8 15
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(6). In addition, Rule 19b–
4(f)(6)(iii) requires a self-regulatory organization to
give the Commission written notice of its intent to
file the proposed rule change, along with a brief
description and text of the proposed rule change,
at least five business days prior to the date of filing
of the proposed rule change, or such shorter time
as designated by the Commission. The Exchange
has satisfied this requirement.
10 17 CFR 240.19b–4(f)(6).
11 17 CFR 240.19b–4(f)(6)(iii).
jspears on DSK3GMQ082PROD with NOTICES
9 17
VerDate Sep<11>2014
16:53 Sep 05, 2019
Jkt 247001
with the protection of investors and the
public interest. The Exchange has
requested that the Commission waive
the 30-day operative delay. The
Exchange begins the calculation and
billing of member fees and credits in the
Order Execution and Routing section
under Equity 7 at the close of each
month, and an operative delay would
disrupt the normal billing process,
which may cause expense and potential
investor confusion. Therefore, the
Commission believes that waiver of the
30-day operative delay is consistent
with the protection of investors and the
public interest. Accordingly, the
Commission hereby waives the
operative delay and designates the
proposal as operative upon filing.12
At any time within 60 days of the
filing of the proposed rule change, the
Commission summarily may
temporarily suspend such rule change if
it appears to the Commission that such
action is necessary or appropriate in the
public interest, for the protection of
investors, or otherwise in furtherance of
the purposes of the Act. If the
Commission takes such action, the
Commission shall institute proceedings
to determine whether the proposed rule
change should be approved or
disapproved.
internet website (https://www.sec.gov/
rules/sro.shtml). Copies of the
submission, all subsequent
amendments, all written statements
with respect to the proposed rule
change that are filed with the
Commission, and all written
communications relating to the
proposed rule change between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
available for website viewing and
printing in the Commission’s Public
Reference Room, 100 F Street NE,
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–Phlx–2019–31 and should
be submitted on or before September 27,
2019.
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
including whether the proposed rule
change is consistent with the Act.
Comments may be submitted by any of
the following methods:
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.13
Jill M. Peterson,
Assistant Secretary.
Electronic Comments
• Use the Commission’s internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include File Number SR–
Phlx–2019–31 on the subject line.
SECURITIES AND EXCHANGE
COMMISSION
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE,
Washington, DC 20549–1090.
All submissions should refer to File
Number SR–Phlx–2019–31. This file
number should be included on the
subject line if email is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
post all comments on the Commission’s
12 For purposes only of waiving the 30-day
operative delay, the Commission also has
considered the proposed rule’s impact on
efficiency, competition, and capital formation. See
15 U.S.C. 78c(f).
PO 00000
Frm 00093
Fmt 4703
Sfmt 4703
[FR Doc. 2019–19222 Filed 9–5–19; 8:45 am]
BILLING CODE 8011–01–P
[Release No. 34–86841; File No. SR–
NYSEArca–2019–38]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Order Approving a
Proposed Rule Change, as Modified by
Amendments No. 1 and No. 2, To
Amend the Listing Rule Applicable to
Shares of the Aware Ultra-Short
Duration Enhanced Income ETF
August 30, 2019.
I. Introduction
On May 15, 2019, NYSE Arca, Inc.
(‘‘NYSE Arca’’ or ‘‘Exchange’’) filed
with the Securities and Exchange
Commission (‘‘Commission’’), pursuant
to Section 19(b)(1) of the Securities
Exchange Act of 1934 (‘‘Act’’) 1 and Rule
19b–4 thereunder,2 a proposed rule
13 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15
E:\FR\FM\06SEN1.SGM
06SEN1
Agencies
[Federal Register Volume 84, Number 173 (Friday, September 6, 2019)]
[Notices]
[Pages 47023-47024]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-19222]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-86844; File No. SR-Phlx-2019-31]
Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing
and Immediate Effectiveness of Proposed Rule Change To Modify the
Manner in Which It Calculates Volume, Liquidity and Quoting Thresholds
Applicable To Billing on the Exchange in Relation to a Systems Issue
Experienced by SIAC on August 12, 2019
August 30, 2019.
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 August 28, 2019, Nasdaq PHLX LLC (``Phlx'' or ``Exchange'') filed
with the Securities and Exchange Commission (``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.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The Exchange proposes to modify the manner in which it calculates
volume, liquidity and quoting thresholds applicable to billing on the
Exchange in relation to a systems issue experienced by SIAC on August
12, 2019, which impacted trade and quote dissemination across all
markets.
The text of the proposed rule change is available on the Exchange's
website at https://nasdaqphlx.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 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 Exchange proposes to modify the manner in which it calculates
volume, liquidity and quoting thresholds applicable to billing on the
Exchange in relation to the August 12, 2019 systems issue, which
impacted trade and quote dissemination across all markets.\3\
Specifically, on August 12, 2019, SIAC \4\ determined to fail over to
back up servers after receiving indications that its primary systems
had become unstable, causing connectivity disruptions. The fail over to
secondary systems failed to cure the problem, resulting in market-wide
issues with the Consolidated Quote System and the Consolidated Tape
System, including gaps in the intra-day trades, quotes, and other
messages that were attempted to be sent to it. Consequently, the
accuracy of the transaction and quotation data for August 12, 2019 is
unknown.
---------------------------------------------------------------------------
\3\ See https://www.ctaplan.com/alerts#110000144324.
\4\ SIAC is the operator of the Consolidated Quote System and
Consolidated Tape System, which disseminate real-time trade and
quote information in New York Stock Exchange LLC (Network A) and
Bats, NYSE Arca, NYSE American and other regional exchange (Network
B) listed securities.
---------------------------------------------------------------------------
As a result, the Exchange is unable to accurately calculate member
transaction fees and credits, including calculations for the Exchange's
incentive programs, since several of the Exchange's transaction fees
and credits are based on trading, quoting and liquidity thresholds that
members must satisfy in order to qualify for the particular rates
(e.g., percentage of Consolidated Volume, Average Daily Volume, and
time at the NBBO). The Exchange therefore proposes to exclude August
12, 2019 from all tier calculations described in Equity 7 \5\ under the
heading Order Execution and Routing in order to reasonably ensure that
a member that would otherwise qualify for a particular threshold during
August 2019, and the corresponding transaction rate and/or incentive,
would not be negatively impacted by the August 12, 2019 systems issue.
---------------------------------------------------------------------------
\5\ The Order Execution and Routing section under Equity 7
provides the schedule of fees and credits applicable to the PSX's
order execution and routing services.
---------------------------------------------------------------------------
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 (5) of the Act,\7\ in particular, in that it is designed to
promote just and equitable principles of trade, to remove impediments
to and perfect the mechanism of a free and open market and a national
market system, and, in general to protect investors and the public
interest. In this regard, because the accuracy of the transaction and
quotation data disseminated by SIAC for August 12, 2019 is unknown, the
Exchange believes that it is reasonable to exclude August 12, 2019 from
all tier calculations described in Equity 7, which would reasonably
ensure that a member's qualification for various pricing programs would
be based on the data that the Exchange believes is accurate. The
Exchange also believes that the proposed rule change is reasonable
because the SIAC systems issue that caused inaccurate transaction data
was not within the Exchange's control nor can the Exchange correct or
otherwise remediate the issue. Including August 12, 2019 transaction
and quotation data for purposes of tier calculations described in
Equity 7 under the heading Order Execution and Routing could result in
inaccurate determinations for member rates based on the extent to which
their transactions and quotations were impacted by the August 12, 2019
event in comparison to the overall inaccuracies in the data provided by
SIAC for that date. Consequently, the Exchange believes that the
proposed change is equitable and not unfairly discriminatory because it
would result in all market participants on the Exchange being treated
equally by excluding August 12, 2019 from all tier calculations
described in the Order Execution and Routing section under Equity 7.
Last, excluding August 12, 2019 from all tier calculations described
[[Page 47024]]
in the Order Execution and Routing section under Equity 7 is in the
public interest because it will provide Exchange members with the
closest approximation of the fees and credits that they would have been
eligible for if accurate data for August 12, 2019 were available and
included in the monthly calculation.
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78f(b).
\7\ 15 U.S.C. 78f(b)(4) and (5).
---------------------------------------------------------------------------
B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange does not believe that the proposed rule change will
impose any burden on competition not necessary or appropriate in
furtherance of the purposes of the Act. The proposed rule change would
treat all market participants on the Exchange equally by excluding
August 12, 2019 from all tier calculations described in Equity 7.
Moreover, the Exchange believes that the proposed change would enhance
competition between competing marketplaces by enabling the Exchange to
fairly assess its members fees and to apply credits in light of systems
issues that occurred, which are beyond the control of the Exchange.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
No written comments were either solicited or received.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Because the foregoing proposed rule change does not: (i)
Significantly affect the protection of investors or the public
interest; (ii) impose any significant burden on competition; and (iii)
become operative for 30 days from the date on which it was filed, or
such shorter time as the Commission may designate, it has become
effective pursuant to Section 19(b)(3)(A) of the Act \8\ and Rule 19b-
4(f)(6) thereunder.\9\
---------------------------------------------------------------------------
\8\ 15 U.S.C. 78s(b)(3)(A).
\9\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii)
requires a self-regulatory organization to give the Commission
written notice of its intent to file the proposed rule change, along
with a brief description and text of the proposed rule change, at
least five business days prior to the date of filing of the proposed
rule change, or such shorter time as designated by the Commission.
The Exchange has satisfied this requirement.
---------------------------------------------------------------------------
A proposed rule change filed pursuant to Rule 19b-4(f)(6) under the
Act \10\ normally does not become operative for 30 days after the date
of its filing. However, Rule 19b-4(f)(6)(iii) \11\ permits the
Commission to designate a shorter time if such action is consistent
with the protection of investors and the public interest. The Exchange
has requested that the Commission waive the 30-day operative delay. The
Exchange begins the calculation and billing of member fees and credits
in the Order Execution and Routing section under Equity 7 at the close
of each month, and an operative delay would disrupt the normal billing
process, which may cause expense and potential investor confusion.
Therefore, the Commission believes that waiver of the 30-day operative
delay is consistent with the protection of investors and the public
interest. Accordingly, the Commission hereby waives the operative delay
and designates the proposal as operative upon filing.\12\
---------------------------------------------------------------------------
\10\ 17 CFR 240.19b-4(f)(6).
\11\ 17 CFR 240.19b-4(f)(6)(iii).
\12\ For purposes only of waiving the 30-day operative delay,
the Commission also has considered the proposed rule's impact on
efficiency, competition, and capital formation. See 15 U.S.C.
78c(f).
---------------------------------------------------------------------------
At any time within 60 days of the filing of the proposed rule
change, the Commission summarily may temporarily suspend such rule
change if it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act. If the Commission
takes such action, the Commission shall institute proceedings to
determine whether the proposed rule change should be approved or
disapproved.
IV. Solicitation of Comments
Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:
Electronic Comments
Use the Commission's internet comment form (https://www.sec.gov/rules/sro.shtml); or
Send an email to [email protected]. Please include
File Number SR-Phlx-2019-31 on the subject line.
Paper Comments
Send paper comments in triplicate to Secretary, Securities
and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.
All submissions should refer to File Number SR-Phlx-2019-31. This file
number should be included on the subject line if email is used. To help
the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's internet website (https://www.sec.gov/rules/sro.shtml).
Copies of the submission, all subsequent amendments, all written
statements with respect to the proposed rule change that are filed with
the Commission, and all written communications relating to the proposed
rule change between the Commission and any person, other than those
that may be withheld from the public in accordance with the provisions
of 5 U.S.C. 552, will be available for website viewing and printing in
the Commission's Public Reference Room, 100 F Street NE, 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-Phlx-2019-31 and should be submitted on
or before September 27, 2019.
---------------------------------------------------------------------------
\13\ 17 CFR 200.30-3(a)(12).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\13\
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-19222 Filed 9-5-19; 8:45 am]
BILLING CODE 8011-01-P