Professional Documents
Culture Documents
• Send an e-mail to rule- SECURITIES AND EXCHANGE most significant aspects of such
comments@sec.gov. Please include File COMMISSION statements.
Number SR–NSCC–2007–15 on the
A. Self-Regulatory Organization’s
subject line. [Release No. 34–57412; File No. SR– Statement of the Purpose of, and
NYSEArca–2008–21]
Paper Comments Statutory Basis for, the Proposed Rule
Self-Regulatory Organizations; NYSE Change
• Send paper comments in triplicate
Arca, Inc.; Notice of Filing and 1. Purpose
to Nancy M. Morris, Secretary,
Immediate Effectiveness of Proposed
Securities and Exchange Commission,
Rule Change Extending the SizeQuote The purpose of this proposal is to
100 F Street, NE., Washington, DC
Mechanism Pilot Program for a Period extend, for a one year period, the
20549–1090. of One Year Exchange’s SizeQuote Pilot Program.
All submissions should refer to File The Pilot Program was initially
March 3, 2008.
Number SR–NSCC–2007–15. This file established when the Exchange filed
Pursuant to Section 19(b)(1) of the
number should be included on the SR–PCX–2005–35.6 The Pilot Program
Securities Exchange Act of 1934
subject line if e-mail is used. To help the was subsequently extended,7 and was
(‘‘Act’’),1 and Rule 19b–4 thereunder,2
Commission process and review your notice is hereby given that on February set to expire on February 15, 2008.
comments more efficiently, please use 15, 2008, NYSE Arca, Inc. (‘‘NYSE The Exchange has represented that at
only one method. The Commission will Arca’’ or ‘‘Exchange’’), filed with the the completion of the Pilot Program,
post all comments on the Commission’s Securities and Exchange Commission NYSE Arca would provide to the
Internet Web site (http://www.sec.gov/ (‘‘Commission’’) the proposed rule Commission a report summarizing the
rules/sro.shtml). Copies of the change as described in Items I and II effectiveness of the SizeQuote program.
submission, all subsequent below, which Items have been prepared While the Exchange believes that the
amendments, all written statements substantially by NYSE Arca. NYSE Arca SizeQuote Mechanism can be an
with respect to the proposed rule has designated the proposed rule change effective tool for Floor Brokers to use
change that are filed with the as one constituting a non-controversial while executing large size orders in
Commission, and all written rule change under Section open outcry, the mechanism has not
communications relating to the 19(b)(3)(A)(iii) of the Act 3 and Rule been used frequently enough to supply
proposed rule change between the 19b–4(f)(6) thereunder,4 which renders sufficient evidence to evaluate the
Commission and any person, other than the proposal effective upon filing with effectiveness of the Pilot Program. In
those that may be withheld from the the Commission. The Commission is
order to allow for additional time to
public in accordance with the publishing this notice to solicit
compile sufficient evidence as to the
provisions of 5 U.S.C. 552, will be comments on the proposed rule change
effectiveness of the Pilot Program, NYSE
available for inspection and copying in from interested persons.
Arca proposes to extend the Pilot
the Commission’s Public Reference I. Self-Regulatory Organization’s Program for an additional one-year
Room, 100 F Street, NE, Washington, DC Statement of the Terms of Substance of period ending February 15, 2009.
20549, on official business days the Proposed Rule Change
between the hours of 10 a.m. and 3 p.m. 2. Statutory Basis
NYSE Arca is proposing to amend its
Copies of such filing also will be
rules in order to extend its SizeQuote The Exchange believes that the
available for inspection and copying at Mechanism pilot program (‘‘Pilot proposed rule change is consistent with
the principal office of NSCC. All Program’’),5 for a one-year period Section 6(b) of the Act,8 in general, and
comments received will be posted ending February 15, 2009. The text of furthers the objectives of Section
without change; the Commission does the proposed rule change is available at 6(b)(5), 9 in particular, in that it is
not edit personal identifying http://www.nyse.com, NYSE Arca, and designed to facilitate transactions in
information from submissions. You the Commission’s Public Reference securities, to promote just and equitable
should submit only information that Room. principles of trade, and to protect
you wish to make available publicly. All
II. Self-Regulatory Organization’s investors and the public interest.
submissions should refer to File
Number SR–NSCC–2007–15 and should Statement of the Purpose of, and
B. Self-Regulatory Organization’s
Statutory Basis for, the Proposed Rule
be submitted on or before March 28, Statement on Burden on Competition
Change
2008.
In its filing with the Commission, The Exchange does not believe that
For the Commission by the Division of the proposed rule change will impose
NYSE Arca included statements
Trading and Markets, pursuant to delegated
concerning the purpose of and basis for any burden on competition that is not
authority.7
the proposed rule change and discussed necessary or appropriate in furtherance
Florence E. Harmon, any comments it received on the of the purposes of the Act.
Deputy Secretary. proposed rule change. The text of these
[FR Doc. E8–4400 Filed 3–6–08; 8:45 am] statements may be examined at the
BILLING CODE 8011–01–P places specified in Item IV below. NYSE 6 See Securities Exchange Act Release No. 51576
Arca has prepared summaries, set forth (April 19, 2005), 70 FR 21488 (April 26, 2005).
in Sections A, B, and C below, of the 7See Securities Exchange Act Release No. 53315
sroberts on PROD1PC70 with NOTICES
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Federal Register / Vol. 73, No. 46 / Friday, March 7, 2008 / Notices 12493
Commission notice of its intent to file the proposed 28, 2008. 3 15 U.S.C. 78s(b)(3)(A)(iii).
rule change, along with a brief description and text 4 17 CFR 240.19b–4(f)(6).
of the proposed rule change, at least five business
For the Commission, by the Division of 5 See Securities Exchange Act Release Nos. 56267
days prior to the date of filing of the proposed rule Trading and Markets, pursuant to delegated (August 15, 2007), 72 FR 47114 (August 22, 2007)
change, or such shorter time as designated by the authority.13 (SR–Phlx–2007–58); 55285 (February 13, 2007), 72
Commission. The Commission has determined to Florence E. Harmon, FR 8053 (February 22, 2007) (SR–Phlx–2007–10);
sroberts on PROD1PC70 with NOTICES
grant the Exchange’s request to waive the five day 54387 (August 30, 2006), 71 FR 52842 (September
pre-filing notice requirement. Deputy Secretary. 7, 2006) (SR–Phlx–2006–48); 53388 (February 28,
12 For purposes only of waiving the 30-day [FR Doc. E8–4512 Filed 3–6–08; 8:45 am] 2006), 71 FR 11458 (March 7, 2006) (SR–Phlx–
operative delay of this proposal, the Commission BILLING CODE 8011–01–P
2006–13); 52261 (August 15, 2005), 70 FR 49004
has considered the proposed rule’s impact on (August 22, 2005) (SR–Phlx–2005–51); and 51322
efficiency, competition, and capital formation. 15 (March 4, 2005), 70 FR 12260 (March 11, 2005) (SR–
U.S.C. 78c(f). 13 17 CFR 200.30–3(a)(12). Phlx–2005–17).
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