Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Designation of Longer Period for Commission Action on a Proposed Rule Change To Adopt Rules To List and Trade FLEX Options, 42528 [2024-10589]
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42528
Federal Register / Vol. 89, No. 95 / Wednesday, May 15, 2024 / Notices
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.20
Sherry R. Haywood,
Assistant Secretary.
Commission shall either approve or
disapprove, or institute proceedings to
determine whether to disapprove, the
proposed rule change (File No. SR–ISE–
2024–12).
[FR Doc. 2024–10598 Filed 5–14–24; 8:45 am]
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
Sherry R. Haywood,
Assistant Secretary.
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[FR Doc. 2024–10589 Filed 5–14–24; 8:45 am]
[Release No. 34–100086; File No. SR–ISE–
2024–12]
Self-Regulatory Organizations; Nasdaq
ISE, LLC; Notice of Designation of
Longer Period for Commission Action
on a Proposed Rule Change To Adopt
Rules To List and Trade FLEX Options
SECURITIES AND EXCHANGE
COMMISSION
May 9, 2024.
Self-Regulatory Organizations;
Investors Exchange LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change Pursuant to
IEX Rule 15.110 To Amend IEX’s Fee
Schedule To Adopt a Physical
Connectivity Fee and Increase Certain
Port Fees
On March 11, 2024, Nasdaq ISE, LLC
(‘‘ISE’’ or the ‘‘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 change to
adopt rules that will govern the listing
and trading of flexible exchange options
(‘‘FLEX Options’’). The proposed rule
change was published for comment in
the Federal Register on March 29,
2024.3
Section 19(b)(2) of the Act 4 provides
that, within 45 days of the publication
of notice of the filing of a proposed rule
change, or within such longer period up
to 90 days as the Commission may
designate if it finds such longer period
to be appropriate and publishes its
reasons for so finding, or as to which the
self-regulatory organization consents,
the Commission shall either approve the
proposed rule change, disapprove the
proposed rule change, or institute
proceedings to determine whether the
proposed rule change should be
disapproved. The 45th day after
publication of the notice for this
proposed rule change is May 13, 2024.
The Commission is extending this 45day time period.
The Commission finds that it is
appropriate to designate a longer period
within which to take action on the
proposed rule change so that it has
sufficient time to consider the proposed
rule change. Accordingly, the
Commission, pursuant to Section
19(b)(2) of the Act,5 designates June 27,
2024, as the date by which the
lotter on DSK11XQN23PROD with NOTICES1
BILLING CODE 8011–01–P
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. 99825
(March 21, 2024), 89 FR 22294.
4 15 U.S.C. 78s(b)(2).
5 Id.
[Release No. 34–100085); File No. SR–IEX–
2024–08]
May 9, 2024.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934 (‘‘Act’’
or ‘‘Exchange Act’’) 2 and Rule 19b–4
thereunder,3 notice is hereby given that,
on May 2, 2024, the Investors Exchange
LLC (‘‘IEX’’ or ‘‘Exchange’’) filed with
the Securities and Exchange
Commission (‘‘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.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
Pursuant to the provisions of Section
19(b)(1) under the Act,4 and Rule 19b–
4 thereunder,5 the Exchange is filing
with the Commission a proposed rule
change to modify its Fee Schedule,
pursuant to IEX Rules 15.110(a) and (c),
to amend certain connectivity fees. IEX
will implement the proposed fees
beginning on June 1, 2024.
The text of the proposed rule change
is available at the Exchange’s website at
www.iextrading.com, at the principal
office of the Exchange, and at the
Commission’s Public Reference Room.
20 17
1 15
VerDate Sep<11>2014
19:12 May 14, 2024
Jkt 262001
6 17
CFR 200.30–3(a)(31).
U.S.C. 78s(b)(1).
2 15 U.S.C. 78a.
3 17 CFR 240.19b–4.
4 15 U.S.C. 78s(b)(1).
5 17 CFR 240.19b–4.
1 15
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II. Self-Regulatory Organization’s
Statement of the Purpose of, and the
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 these statements may be examined at
the places specified in Item IV below.
The self-regulatory organization 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 the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
IEX is proposing to modify its Fee
Schedule, pursuant to IEX Rules
15.110(a) and (c), to add a new fee for
physical connections to its Primary Data
Center,6 Disaster Recovery Data Center 7
and the IEX Testing Facility (‘‘ITF’’)
(‘‘physical connectivity fees’’),8 and
increase fees for logical order entry
ports (also referred to as ‘‘Order Entry
Ports’’) 9 in excess of five per subscriber
(‘‘port fees’’). IEX has not previously
imposed any physical connectivity fees
but has charged port fees since October
1, 2019.10 The Exchange has not
changed the port fees since they were
implemented, but since that time, the
Exchange has experienced increases in
related operational expenses including
significant upgrades to its trading
platform infrastructure. As discussed
more fully below, the Exchange recently
calculated its aggregate annual costs of
$12,904,100 for providing physical
6 All connections to the IEX Primary Data Center
(including for order entry and market data receipt)
are made through IEX’s point-of-presence (‘‘IEX
POP’’) in Secaucus, NJ. From the IEX POP,
messages travel to IEX’s Primary Data Center.
7 The Disaster Recovery Data Center, also known
as the ‘‘Secondary Data Center’’, is the physical
location of IEX’s backup trading platform. It is
located in Chicago, Illinois.
8 The only connections offered to the Primary
Data Center are 10 gigabit (‘‘10G’’) physical port
connections. The Exchange offers both 10G and 1
gigabit (‘‘1G’’) physical port connections to the ITF,
for which it incurs physical connectivity-related
costs; however, as discussed below, the Exchange
is not proposing to charge for the connections to the
ITF itself.
9 Order Entry Ports are used for sending and
receiving order messages. Other uses for logical
ports, which are not subject to the fees proposed
herein, include drop copy ports and market data
ports.
10 See Securities Exchange Act Release No. 86626
(August 9, 2019), 84 FR 41793 (August 15, 2019)
(SR–IEX–2019–07) (‘‘Port Fee Filing’’).
E:\FR\FM\15MYN1.SGM
15MYN1
]]>Agencies
[Federal Register Volume 89, Number 95 (Wednesday, May 15, 2024)]
[Notices]
[Page 42528]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-10589]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-100086; File No. SR-ISE-2024-12]
Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of
Designation of Longer Period for Commission Action on a Proposed Rule
Change To Adopt Rules To List and Trade FLEX Options
May 9, 2024.
On March 11, 2024, Nasdaq ISE, LLC (``ISE'' or the ``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 change to
adopt rules that will govern the listing and trading of flexible
exchange options (``FLEX Options''). The proposed rule change was
published for comment in the Federal Register on March 29, 2024.\3\
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 99825 (March 21,
2024), 89 FR 22294.
---------------------------------------------------------------------------
Section 19(b)(2) of the Act \4\ provides that, within 45 days of
the publication of notice of the filing of a proposed rule change, or
within such longer period up to 90 days as the Commission may designate
if it finds such longer period to be appropriate and publishes its
reasons for so finding, or as to which the self-regulatory organization
consents, the Commission shall either approve the proposed rule change,
disapprove the proposed rule change, or institute proceedings to
determine whether the proposed rule change should be disapproved. The
45th day after publication of the notice for this proposed rule change
is May 13, 2024. The Commission is extending this 45-day time period.
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------
The Commission finds that it is appropriate to designate a longer
period within which to take action on the proposed rule change so that
it has sufficient time to consider the proposed rule change.
Accordingly, the Commission, pursuant to Section 19(b)(2) of the
Act,\5\ designates June 27, 2024, as the date by which the Commission
shall either approve or disapprove, or institute proceedings to
determine whether to disapprove, the proposed rule change (File No. SR-
ISE-2024-12).
---------------------------------------------------------------------------
\5\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\6\
---------------------------------------------------------------------------
\6\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-10589 Filed 5-14-24; 8:45 am]
BILLING CODE 8011-01-P
