Options Price Reporting Authority; Notice of Designation of a Longer Period for Commission Action on a Proposed Amendment To Modify the OPRA Plan Relating to Dissemination of Exchange Proprietary Market Data Information, 77951 [2024-21767]

Download as PDF Federal Register / Vol. 89, No. 185 / Tuesday, September 24, 2024 / Notices SECURITIES AND EXCHANGE COMMISSION [Release No. 34–101091; File No. 4–820] Options Price Reporting Authority; Notice of Designation of a Longer Period for Commission Action on a Proposed Amendment To Modify the OPRA Plan Relating to Dissemination of Exchange Proprietary Market Data Information September 18, 2024. On November 8, 2023, the Cboe Exchange, Inc., Cboe C2 Exchange, Inc., Cboe BZX Exchange, Inc., and Cboe EDGX Exchange, Inc. filed with the Securities and Exchange Commission (‘‘Commission’’) a proposal (‘‘Proposed Amendment’’) to amend the plan of the Options Price Reporting Authority (‘‘OPRA’’) for reporting of consolidated options last sale reports and quotation information (‘‘OPRA Plan’’).1 The proposed amendment was published for comment in the Federal Register on January 22, 2024.2 On April 19, 2024, the Commission instituted proceedings pursuant to Rule 608(b)(2)(i) of Regulation NMS 3 to determine whether to approve or disapprove the Proposed Amendment or to approve the Proposed Amendment with any changes or subject to any conditions the Commission deems necessary or appropriate.4 On July 11, 2024, pursuant to Rule 608(b)(2)(i) of Regulation NMS,5 the Commission extended the period within which to conclude proceedings regarding the Proposed Amendment to 240 days from the date of publication of the Notice.6 The 240th day after publication of the Notice is September 18, 2024. Rule 608(b)(2)(ii) of Regulation NMS 7 provides that the time for conclusion of proceedings to determine whether a national market system plan or proposed amendment should be disapproved may be extended for an additional period up to 60 days (up to 300 days from the date of notice lotter on DSK11XQN23PROD with NOTICES1 1 See https://cdn.opraplan.com/documents/ OPRA_Plan.pdf. 2 See Securities Exchange Act Release No. 99345 (Jan. 16, 2024), 89 FR 3963 (Jan. 22, 2024) (‘‘Notice’’). Comments received in response to the Notice are available on the Commission’s website at https://www.sec.gov/comments/4-820/4-820.htm. 3 17 CFR 242.608(b)(2)(i). 4 See Securities Exchange Act Release No. 99994 (Apr. 19, 2024), 89 FR 31785 (Apr. 25, 2024) (‘‘Order Instituting Proceedings’’). Comments received in response to the Order Instituting Proceedings are available on the Commission’s website at https://www.sec.gov/comments/4-820/4820.htm. 5 See 17 CFR 242.608(b)(2)(i). 6 See Securities Exchange Act Release No. 100495 (July 11, 2024), 89 FR 58212 (July 17, 2024). 7 See 17 CFR 242.608(b)(2)(ii). VerDate Sep<11>2014 18:07 Sep 23, 2024 Jkt 262001 publication) if the Commission determines that a longer period is appropriate and publishes the reasons for such determination or the plan participants consent to the longer period. The Commission is extending this 240 day period. The Commission finds that it is appropriate to designate a longer period within which to conclude proceedings regarding the Proposed Amendment so that it has sufficient time to consider the important policy issues raised by the Proposed Amendment and the comments received. Accordingly, pursuant to Rule 608(b)(2)(ii) of Regulation NMS,8 the Commission designates November 15, 2024, as the date by which the Commission shall conclude the proceedings to determine whether to approve or disapprove the Proposed Amendment or to approve the Proposed Amendment with any changes or subject to any conditions the Commission deems necessary or appropriate (File No. 4–820). By the Commission. Vanessa A. Countryman, Secretary. BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–101076; File No. SR–ISE– 2024–45] Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Expand Its CoLocation Services September 18, 2024. 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 September 5, 2024, Nasdaq ISE, LLC (‘‘ISE’’ or ‘‘Exchange’’) filed with the 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. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to expand its co-location services. 1 15 2 17 PO 00000 U.S.C. 78s(b)(1). CFR 240.19b–4. Frm 00141 Fmt 4703 Sfmt 4703 The text of the proposed rule change is available on the Exchange’s website at https://listingcenter.nasdaq.com/ rulebook/ise/rules, 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 [FR Doc. 2024–21767 Filed 9–23–24; 8:45 am] 8 Id. 77951 The Exchange proposes to expand its co-location services by offering new cabinet, power, and power distribution unit options in the Exchange’s expanded data center.3 The Exchange’s current data center (‘‘NY11’’) in Carteret, NJ is undergoing an expansion (‘‘NY11–4’’) in response to demand for power and cabinets. NY11– 4 is not a new or distinct co-location facility. Instead, NY11–4 is simply an expansion of the existing Nasdaq NY11 data center,4 and Nasdaq intends to operate it generally in the same manner as existing aspects of NY11.5 Client connections to the matching engine will be equal across the board, within and among NY11 and NY11–4. In 2010, the Exchange undertook a similar expansion to its data center, where connectivity to 3 The Exchange previously submitted a similar proposal earlier this year, see Securities Exchange Act Release No. 34–100563 (July 19, 2024), 89 FR 60479 (July 25, 2024) (SR–ISE–2024–28) (the ‘‘Prior Proposal’’), but withdrew it on August 29, 2024 to allow for the Exchange to address outstanding comments and concerns raised by the Commission Staff and commenters. 4 NY11–4 is not a standalone facility. Equinix considers the site as NY11 with three expansions: NY11 Phase 1, NY11 Phase 2 and NY11–4. 5 As discussed below in further detail, one aspect of the data center that will be different (temporarily) in NY11–4 as compared to NY11 is telecommunications access and inter-client connectivity. In NY11–4 at its launch, connections between colocated client cabinets and the carrier cage will be equalized as will be inter-client connectivity. Presently, such connectivity is not equalized in NY11, but the Exchange intends to retrofit NY11 to be equalized in the months ahead. E:\FR\FM\24SEN1.SGM 24SEN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 89, Number 185 (Tuesday, September 24, 2024)]
[Notices]
[Page 77951]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-21767]



[[Page 77951]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-101091; File No. 4-820]


Options Price Reporting Authority; Notice of Designation of a 
Longer Period for Commission Action on a Proposed Amendment To Modify 
the OPRA Plan Relating to Dissemination of Exchange Proprietary Market 
Data Information

September 18, 2024.
    On November 8, 2023, the Cboe Exchange, Inc., Cboe C2 Exchange, 
Inc., Cboe BZX Exchange, Inc., and Cboe EDGX Exchange, Inc. filed with 
the Securities and Exchange Commission (``Commission'') a proposal 
(``Proposed Amendment'') to amend the plan of the Options Price 
Reporting Authority (``OPRA'') for reporting of consolidated options 
last sale reports and quotation information (``OPRA Plan'').\1\ The 
proposed amendment was published for comment in the Federal Register on 
January 22, 2024.\2\
---------------------------------------------------------------------------

    \1\ See https://cdn.opraplan.com/documents/OPRA_Plan.pdf.
    \2\ See Securities Exchange Act Release No. 99345 (Jan. 16, 
2024), 89 FR 3963 (Jan. 22, 2024) (``Notice''). Comments received in 
response to the Notice are available on the Commission's website at 
https://www.sec.gov/comments/4-820/4-820.htm.
---------------------------------------------------------------------------

    On April 19, 2024, the Commission instituted proceedings pursuant 
to Rule 608(b)(2)(i) of Regulation NMS \3\ to determine whether to 
approve or disapprove the Proposed Amendment or to approve the Proposed 
Amendment with any changes or subject to any conditions the Commission 
deems necessary or appropriate.\4\ On July 11, 2024, pursuant to Rule 
608(b)(2)(i) of Regulation NMS,\5\ the Commission extended the period 
within which to conclude proceedings regarding the Proposed Amendment 
to 240 days from the date of publication of the Notice.\6\ The 240th 
day after publication of the Notice is September 18, 2024.
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    \3\ 17 CFR 242.608(b)(2)(i).
    \4\ See Securities Exchange Act Release No. 99994 (Apr. 19, 
2024), 89 FR 31785 (Apr. 25, 2024) (``Order Instituting 
Proceedings''). Comments received in response to the Order 
Instituting Proceedings are available on the Commission's website at 
https://www.sec.gov/comments/4-820/4-820.htm.
    \5\ See 17 CFR 242.608(b)(2)(i).
    \6\ See Securities Exchange Act Release No. 100495 (July 11, 
2024), 89 FR 58212 (July 17, 2024).
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    Rule 608(b)(2)(ii) of Regulation NMS \7\ provides that the time for 
conclusion of proceedings to determine whether a national market system 
plan or proposed amendment should be disapproved may be extended for an 
additional period up to 60 days (up to 300 days from the date of notice 
publication) if the Commission determines that a longer period is 
appropriate and publishes the reasons for such determination or the 
plan participants consent to the longer period. The Commission is 
extending this 240 day period.
---------------------------------------------------------------------------

    \7\ See 17 CFR 242.608(b)(2)(ii).
---------------------------------------------------------------------------

    The Commission finds that it is appropriate to designate a longer 
period within which to conclude proceedings regarding the Proposed 
Amendment so that it has sufficient time to consider the important 
policy issues raised by the Proposed Amendment and the comments 
received. Accordingly, pursuant to Rule 608(b)(2)(ii) of Regulation 
NMS,\8\ the Commission designates November 15, 2024, as the date by 
which the Commission shall conclude the proceedings to determine 
whether to approve or disapprove the Proposed Amendment or to approve 
the Proposed Amendment with any changes or subject to any conditions 
the Commission deems necessary or appropriate (File No. 4-820).
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    \8\ Id.

    By the Commission.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024-21767 Filed 9-23-24; 8:45 am]
BILLING CODE 8011-01-P

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