Product Change-Priority Mail, First-Class Package Service & Parcel Select Negotiated Service Agreement, 31834-31835 [2023-10585]

Download as PDF 31834 Federal Register / Vol. 88, No. 96 / Thursday, May 18, 2023 / Notices The United States Postal Service® hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on May 9, 2023, it filed with the Postal Regulatory Commission a USPS Request to Add Priority Mail Express & Priority Mail Contract 137 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2023–147, CP2023–150. SUPPLEMENTARY INFORMATION: Sean Robinson, Attorney, Corporate and Postal Business Law. [FR Doc. 2023–10588 Filed 5–17–23; 8:45 am] BILLING CODE 7710–12–P POSTAL SERVICE Product Change—Priority Mail Express, Priority Mail, First-Class Package Service, and Parcel Select Service Negotiated Service Agreement Postal ServiceTM. Notice. AGENCY: ACTION: 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: May 18, FOR FURTHER INFORMATION CONTACT: Sean C. Robinson, 202–268–8405. The United States Postal Service® hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on May 12, 2023, it filed with the Postal Regulatory Commission a Request of the United States Postal Service to Add Priority Mail, First-Class Package Service & Parcel Select Contract 18 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2023–156, CP2023–160. SUPPLEMENTARY INFORMATION: Sean Robinson, Attorney, Corporate and Postal Business Law. BILLING CODE 7710–12–P SUMMARY: Sean Robinson, Attorney, Corporate and Postal Business Law. [FR Doc. 2023–10589 Filed 5–17–23; 8:45 am] BILLING CODE 7710–12–P lotter on DSK11XQN23PROD with NOTICES1 POSTAL SERVICE Product Change—Priority Mail, FirstClass Package Service & Parcel Select Negotiated Service Agreement Postal ServiceTM. Notice. AGENCY: ACTION: The Postal Service gives notice of filing a request with the Postal Regulatory Commission to add a SUMMARY: VerDate Sep<11>2014 19:05 May 17, 2023 Jkt 259001 POSTAL SERVICE Product Change—Priority Mail, FirstClass Package Service & Parcel Select Negotiated Service Agreement AGENCY: ACTION: Date of required notice: May 18, 2023. FOR FURTHER INFORMATION CONTACT: Sean C. Robinson, 202–268–8405. The United States Postal Service® hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on May 10, 2023, it filed with the Postal Regulatory Commission a Request of the United States Postal Service to Add Priority Mail, First-Class Package Service & Parcel Select Contract 13 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2023–150, CP2023–153. SUPPLEMENTARY INFORMATION: Sean Robinson, Attorney, Corporate and Postal Business Law. [FR Doc. 2023–10582 Filed 5–17–23; 8:45 am] BILLING CODE 7710–12–P Frm 00166 Fmt 4703 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: May 18, 2023. FOR FURTHER INFORMATION CONTACT: Sean C. 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 May 10, 2023, it filed with the Postal Regulatory Commission a Request of the United States Postal Service to Add Priority Mail, First-Class Package Service & Parcel Select Contract 14 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2023–151, CP2023–154. SUMMARY: Sean Robinson, Attorney, Corporate and Postal Business Law. 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. PO 00000 Postal ServiceTM. ACTION: Notice. [FR Doc. 2023–10583 Filed 5–17–23; 8:45 am] Postal ServiceTM. SUMMARY: DATES: Product Change—Priority Mail, FirstClass Package Service & Parcel Select Negotiated Service Agreement AGENCY: 2023. [FR Doc. 2023–10587 Filed 5–17–23; 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. DATES: Date of required notice: May 18, 2023. 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 May 10, 2023, it filed with the Postal Regulatory Commission a USPS Request to Add Priority Mail Express, Priority Mail, First-Class Package Service, and Parcel Select Service Contract 118 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2023–149, CP2023–152. POSTAL SERVICE Sfmt 4703 POSTAL SERVICE Product Change—Priority Mail, FirstClass Package Service & Parcel Select 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: May 18, 2023. FOR FURTHER INFORMATION CONTACT: Sean C. 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 May 12, 2023, it filed with the Postal Regulatory Commission a Request of the United States Postal Service to Add Priority Mail, First-Class Package Service & Parcel Select Contract 16 to Competitive Product List. Documents are available at SUMMARY: E:\FR\FM\18MYN1.SGM 18MYN1 Federal Register / Vol. 88, No. 96 / Thursday, May 18, 2023 / Notices www.prc.gov, Docket Nos. MC2023–154, CP2023–158. Sean Robinson, Attorney, Corporate and Postal Business Law. [FR Doc. 2023–10585 Filed 5–17–23; 8:45 am] BILLING CODE 7710–12–P POSTAL SERVICE Product Change—Priority Mail, FirstClass Package Service & Parcel Select Negotiated Service Agreement 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: May 18, 2023. FOR FURTHER INFORMATION CONTACT: Sean C. 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 May 8, 2023, it filed with the Postal Regulatory Commission a Request of the United States Postal Service to Add Priority Mail, First-Class Package Service & Parcel Select Contract 12 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2023–146, CP2023–149. SUMMARY: I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend the NYSE Arca Equities Fees and Charges (‘‘Fee Schedule’’) to amend the fee for orders routed that remove liquidity in away markets in Round Lots and Odd Lots in Tapes A, B and C securities with a per share price below $1.00, and eliminate an incremental credit associated with the Tier 4 pricing tier under Adding Tiers. The Exchange proposes to implement the fee changes effective May 1, 2023. 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. BILLING CODE 7710–12–P 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. SECURITIES AND EXCHANGE COMMISSION A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change Sean Robinson, Attorney, Corporate and Postal Business Law. [FR Doc. 2023–10581 Filed 5–17–23; 8:45 am] [Release No. 34–97504; File No. SR– NYSEARCA–2023–36] Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the NYSE Arca Equities Fees and Charges May 15, 2023. lotter on DSK11XQN23PROD with NOTICES1 Securities and Exchange Commission (‘‘SEC’’ or ‘‘Commission’’) the proposed rule change as described in Items I, II, and III 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. 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 1, 2023, NYSE Arca, Inc. (‘‘NYSE Arca’’ or the ‘‘Exchange’’) filed with the 1 15 2 17 U.S.C. 78s(b)(1). CFR 240.19b–4. VerDate Sep<11>2014 19:05 May 17, 2023 Jkt 259001 1. Purpose The Exchange proposes to amend the Fee Schedule to amend the fee for orders routed that remove liquidity in away markets in Round Lots and Odd Lots in Tapes A, B and C securities with a per share price below $1.00 (‘‘SubDollar Securities’’), and eliminate an incremental credit associated with the Tier 4 pricing tier under Adding Tiers. The Exchange proposes to implement the fee changes effective May 1, 2023. Background The Exchange operates in a highly competitive market. The Commission has repeatedly expressed its preference for competition over regulatory PO 00000 Frm 00167 Fmt 4703 Sfmt 4703 31835 intervention in determining prices, products, and services in the securities markets. In Regulation NMS, 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.’’ 3 While Regulation NMS has enhanced competition, it has also fostered a ‘‘fragmented’’ market structure where trading in a single stock can occur across multiple trading centers. When multiple trading centers compete for order flow in the same stock, the Commission has recognized that ‘‘such competition can lead to the fragmentation of order flow in that stock.’’ 4 Indeed, equity trading is currently dispersed across 16 exchanges,5 numerous alternative trading systems,6 and broker-dealer internalizers and wholesalers, all competing for order flow. Based on publicly available information, no single exchange currently has more than 17% market share.7 Therefore, no exchange possesses significant pricing power in the execution of equity order flow. More specifically, the Exchange currently has less than 10% market share of executed volume of equities trading.8 The Exchange believes that the evershifting market share among the exchanges from month to month demonstrates that market participants can move order flow, or discontinue or reduce use of certain categories of products. While it is not possible to know a firm’s reason for shifting order flow, the Exchange believes that one such reason is because of fee changes at any of the registered exchanges or nonexchange venues to which a firm routes order flow. ETP Holders can choose from any one of the 16 currently operating registered exchanges to route such order flow. Accordingly, 3 See Securities Exchange Act Release No. 51808 (June 9, 2005), 70 FR 37496, 37499 (June 29, 2005) (File No. S7–10–04) (Final Rule) (‘‘Regulation NMS’’). 4 See Securities Exchange Act Release No. 61358, 75 FR 3594, 3597 (January 21, 2010) (File No. S7– 02–10) (Concept Release on Equity Market Structure). 5 See Cboe U.S Equities Market Volume Summary, available at https://markets.cboe.com/us/ equities/market_share. 6 See FINRA ATS Transparency Data, available at https://otctransparency.finra.org/otctransparency/ AtsIssueData. A list of alternative trading systems registered with the Commission is available at https://www.sec.gov/foia/docs/atslist.htm. 7 See Cboe Global Markets U.S. Equities Market Volume Summary, available at https:// markets.cboe.com/us/equities/market_share/. 8 See id. E:\FR\FM\18MYN1.SGM 18MYN1

Agencies

[Federal Register Volume 88, Number 96 (Thursday, May 18, 2023)]
[Notices]
[Pages 31834-31835]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-10585]


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POSTAL SERVICE


Product Change--Priority Mail, First-Class Package Service & 
Parcel Select 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: May 18, 2023.

FOR FURTHER INFORMATION CONTACT: Sean C. 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 
May 12, 2023, it filed with the Postal Regulatory Commission a Request 
of the United States Postal Service to Add Priority Mail, First-Class 
Package Service & Parcel Select Contract 16 to Competitive Product 
List. Documents are available at

[[Page 31835]]

www.prc.gov, Docket Nos. MC2023-154, CP2023-158.

Sean Robinson,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2023-10585 Filed 5-17-23; 8:45 am]
BILLING CODE 7710-12-P
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