Product Change-Priority Mail Express, Priority Mail, and USPS Ground Advantage® Negotiated Service Agreement, 92206-92207 [2024-27206]

Download as PDF 92206 Federal Register / Vol. 89, No. 225 / Thursday, November 21, 2024 / Notices domestic shipping services contract to the list of Negotiated Service Agreements in the Mail Classification Schedule’s Competitive Products List. Date of required notice: November 21, 2024. DATES: Sean C. Robinson, Attorney, Corporate and Postal Business Law. [FR Doc. 2024–27177 Filed 11–20–24; 8:45 am] BILLING CODE 7710–12–P POSTAL SERVICE Product Change—Priority Mail and USPS Ground Advantage® Negotiated Service Agreement Postal ServiceTM. 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. Date of required notice: November 21, 2024. DATES: Sean 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 November 15, 2024, it filed with the Postal Regulatory Commission a USPS Request to Add Priority Mail & USPS Ground Advantage® Contract 464 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2025–414, K2025–412. SUPPLEMENTARY INFORMATION: Sean Robinson, Attorney, Corporate and Postal Business Law. BILLING CODE 7710–12–P Jkt 265001 POSTAL SERVICE Product Change—Priority Mail Express, Priority Mail, and USPS Ground Advantage® Negotiated Service Agreement Postal ServiceTM. ACTION: Notice. AGENCY: PO 00000 Frm 00121 Fmt 4703 Sfmt 4703 POSTAL SERVICE Product Change—Priority Mail Express, Priority Mail, and USPS Ground Advantage® 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: November 21, 2024. 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 November 14, 2024, it filed with the Postal Regulatory Commission a USPS Request to Add Priority Mail Express, Priority Mail & USPS Ground Advantage® Contract 727 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2025–409, K2025–407. SUMMARY: Sean C. Robinson, Attorney, Corporate and Postal Business Law. [FR Doc. 2024–27213 Filed 11–20–24; 8:45 am] BILLING CODE 7710–12–P 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: November 21, 2024. 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 November 13, 2024, it filed with the Postal Regulatory Commission a USPS Request to Add Priority Mail Express, Priority Mail & USPS Ground Advantage® Contract 709 to Competitive Product List. Documents SUMMARY: FOR FURTHER INFORMATION CONTACT: lotter on DSK11XQN23PROD with NOTICES1 Sean Robinson, Attorney, Corporate and Postal Business Law. BILLING CODE 7710–12–P SUMMARY: 18:02 Nov 20, 2024 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: November 21, 2024. 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 November 13, 2024, it filed with the Postal Regulatory Commission a USPS Request to Add Priority Mail & USPS Ground Advantage® Contract 457 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2025–379, K2025–377. [FR Doc. 2024–27175 Filed 11–20–24; 8:45 am] Notice. VerDate Sep<11>2014 BILLING CODE 7710–12–P SUMMARY: The United States Postal Service® hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on November 13, 2024, it filed with the Postal Regulatory Commission a USPS Request to Add Priority Mail Express, Priority Mail & USPS Ground Advantage® Contract 711 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2025–390, K2025–388. SUPPLEMENTARY INFORMATION: [FR Doc. 2024–27214 Filed 11–20–24; 8:45 am] Sean C. Robinson, Attorney, Corporate and Postal Business Law. [FR Doc. 2024–27183 Filed 11–20–24; 8:45 am] Postal ServiceTM. ACTION: Notice. Sean C. Robinson, 202–268–8405. ACTION: Product Change—Priority Mail and USPS Ground Advantage® Negotiated Service Agreement AGENCY: FOR FURTHER INFORMATION CONTACT: AGENCY: are available at www.prc.gov, Docket Nos. MC2025–387, K2025–385. POSTAL SERVICE POSTAL SERVICE Product Change—Priority Mail Express, Priority Mail, and USPS Ground Advantage® 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: November 21, 2024. FOR FURTHER INFORMATION CONTACT: Sean C. Robinson, 202–268–8405. SUMMARY: E:\FR\FM\21NON1.SGM 21NON1 Federal Register / Vol. 89, No. 225 / Thursday, November 21, 2024 / Notices The United States Postal Service® hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on November 14, 2024, it filed with the Postal Regulatory Commission a USPS Request to Add Priority Mail Express, Priority Mail & USPS Ground Advantage® Contract 716 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2025–396, K2025–394. SUPPLEMENTARY INFORMATION: Sean C. Robinson, Attorney, Corporate and Postal Business Law. [FR Doc. 2024–27206 Filed 11–20–24; 8:45 am] BILLING CODE 7710–12–P A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change SECURITIES AND EXCHANGE COMMISSION [Release No. 34–101643; File No. SR– MEMX–2024–43] Self-Regulatory Organizations; MEMX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fee Schedule Concerning Options Transaction Fees November 15, 2024. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on October 31, 2024, MEMX LLC (‘‘MEMX’’ 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 Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. lotter on DSK11XQN23PROD with NOTICES1 I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange is filing with the Commission a proposed rule change to amend the Exchange’s fee schedule applicable to Members 3 pursuant to Exchange Rules 15.1(a) and (c). The Exchange proposes to implement the changes to the MEMX Options Fee Schedule (the ‘‘Options Fee Schedule’’) pursuant to this proposal immediately. The text of the proposed rule change is provided in Exhibit 5. 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Exchange Rule 1.5(p). 2 17 VerDate Sep<11>2014 18:02 Nov 20, 2024 Jkt 265001 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. 1. Purpose The purpose of the proposed rule change is to amend the Options Fee Schedule to (1) amend the Transaction Fees section of the Options Fee Schedule to separate the existing transaction rebates and fees for executions of contracts made in the Market Maker capacity 4 from transaction rebates and fees for executions of contracts made in the Professional,5 Firm,6 Away Market Maker,7 or Broker-Dealer 8 capacities; 9 (2) reduce the transaction rebate for executions of contracts where the underlying security of the applicable option is in the Penny Interval program (‘‘Penny options’’) 10 which add liquidity to the MEMX Options Book 11 and which are made in the Professional, Firm, Away Market Maker, or BrokerDealer capacities; and (3) reduce the transaction rebate for executions of contracts where the underlying security of the applicable option is not in the Penny Interval program (‘‘Non-Penny 4 MEMX Options provides fee qualifier ‘‘m’’ for market maker transactions. Fee qualifiers will be provided by the Exchange on the monthly invoices provided to Options Members. 5 MEMX Options provides fee qualifier ‘‘p’’ for professional transactions. 6 MEMX Options provides fee qualifier ‘‘f’’ for firm transactions. 7 MEMX Options provides fee qualifier ‘‘a’’ for away market maker transactions. 8 MEMX Options provides fee qualifier ‘‘b’’ for broker-dealer transactions. 9 Each of professional transactions, firm transactions, away market maker transactions, and broker-dealer transactions, and market maker transactions are referred to as ‘‘non-Customer’’ transactions. 10 MEMX Options provides Fee Code ‘‘P’’ for transactions in Penny options. Fee Codes are provided by the Exchange on the monthly invoices provided to Options Members. 11 MEMX Options provides Fee Code ‘‘D’’ for transactions which add liquidity to the MEMX Options Book. PO 00000 Frm 00122 Fmt 4703 Sfmt 4703 92207 options’’) 12 which add liquidity to the MEMX Options Book and which are made in the Professional, Firm, Away Market Maker, or Broker-Dealer capacities, each as further described below. The Exchange first notes that it operates in a highly competitive market in which market participants can readily direct order flow to competing venues if they deem fee levels at a particular venue to be excessive or incentives to be insufficient. The Exchange is one of only 18 options venues to which market participants may direct their order flow. Based on publicly available information, no single options exchange has more than approximately 17.13% of the market share and currently the Exchange represents only approximately 3.29% of the market share.13 In such a lowconcentrated and highly competitive market, no single options exchange, including the Exchange, possesses significant pricing power in the execution of option order flow. The Exchange believes that the ever-shifting market share among the exchanges from month to month demonstrates that market participants can shift order flow, discontinue, or reduce use of certain categories of products in response to fee changes. Accordingly competitive forces constrain the Exchange’s transaction fees, and market participants can readily trade on competing venues if they deem pricing levels at those other venues to be more favorable. The Exchange’s Fee Schedule sets forth standard rebates and rates applied per contract. Amended Transaction Fees Section of the Options Fee Schedule To Separate the Transaction Rebates and Fees for Executions in the Market Maker Capacity From Executions in Other Non-Customer Capacities Currently, the Exchange provides the same standard transaction rebates and fees for all executions in Market Maker, Professional, Firm, Away Market Maker, and Broker-Dealer capacities (each a ‘‘non-Customer’’ capacity). Specifically, the Exchange provides a standard transaction rebate of $0.45 per contract for executions of Penny options (as defined above) in all non-Customer capacities which add liquidity to the MEMX Options Book, a standard transaction rebate of $0.80 per contract for executions of non-Penny options (as defined above) in all non-Customer 12 MEMX Options provides Fee Code ‘‘N’’ for transactions in Non-Penny options. 13 Market share percentage calculated as of October 31, 2024. The Exchange receives and processes data made available through the consolidated data feeds (i.e., OPRA). E:\FR\FM\21NON1.SGM 21NON1

Agencies

[Federal Register Volume 89, Number 225 (Thursday, November 21, 2024)]
[Notices]
[Pages 92206-92207]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-27206]


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POSTAL SERVICE


Product Change--Priority Mail Express, Priority Mail, and USPS 
Ground Advantage[supreg] 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: November 21, 2024.

FOR FURTHER INFORMATION CONTACT: Sean C. Robinson, 202-268-8405.

[[Page 92207]]


SUPPLEMENTARY INFORMATION: The United States Postal Service[supreg] 
hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on 
November 14, 2024, it filed with the Postal Regulatory Commission a 
USPS Request to Add Priority Mail Express, Priority Mail & USPS Ground 
Advantage[supreg] Contract 716 to Competitive Product List. Documents 
are available at www.prc.gov, Docket Nos. MC2025-396, K2025-394.

Sean C. Robinson,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2024-27206 Filed 11-20-24; 8:45 am]
BILLING CODE 7710-12-P
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