Federal Register / Vol. 76, No. 46 / Wednesday, March 9, 2011 / Notices 13003 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3 15 U.S.C. 78s(b)(3)(A)(ii). 

4 17 CFR 240.19b–4(f)(2). 

5For a more detailed description of the PULSe 

workstation and its other functionalities, see, e.g., 

Securities Exchange Act Release Nos. 62286 (June 

11, 2010), 75 FR 34799 (June 18, 2010) (SR–CBOE– 

2010–051) and 63721 (January 14, 2011), 76 FR 

3929 (January 21, 2011) (SR–CBOE–2011–001). 

6 15 U.S.C. 78f(b). 

7 15 U.S.C. 78f(b)(4). 

The information collected pursuant to 

the rule is not required to be filed with 

the Commission, but rather takes the 

form of disclosures to, and responses 

from, clients. Accordingly, these filings 

are not kept confidential. To the extent 

advisers include any of the information 

required by the rule in a filing, such as 

Form ADV, the information will not be 

kept confidential. An agency may not 

conduct or sponsor, and a person is not 

required to respond to, a collection of 

information unless it displays a 

currently valid control number. 

The public may view the background 

documentation for this information 

collection at the following Web site, 

http://www.reginfo.gov. Comments 

should be directed to: (i) Desk Officer 

for the Securities and Exchange 

Commission, Office of Information and 

Regulatory Affairs, Office of 

Management and Budget, Room 10102, 

New Executive Office Building, 

Washington, DC 20503, or by sending an 

e-mail to: 

Shagufta_Ahmed@omb.eop.gov; and (ii) 

Thomas Bayer, Chief Information 

Officer, Securities and Exchange 

Commission, c/o Remi Pavlik-Simon, 

6432 General Green Way, Alexandria, 

VA 22312 or send an e-mail to: 

PRA_Mailbox@sec.gov. Comments must 

be submitted to OMB within 30 days of 

this notice. 

Dated: March 1, 2011. 

Cathy H. Ahn, 

Deputy Secretary. 

[FR Doc. 2011–5283 Filed 3–8–11; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–64007; File No. SR–CBOE– 

2011–021] 

Self-Regulatory Organizations; 

Chicago Board Options Exchange, 

Incorporated; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change Relating to PULSe Fees 

March 2, 2011. 

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 March 1, 

2011, the Chicago Board Options 

Exchange, Incorporated (‘‘CBOE’’ or the 

‘‘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 CBOE. The Exchange has designated 

this proposal as one establishing or 

changing a due, fee, or other charge 

imposed by CBOE under Section 

19(b)(3)(A)(ii) of the Act 3 and Rule 19b– 

4(f)(2) thereunder.4 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 is proposing to amend 

its Fees Schedule to reduce an awaymarket routing fee and extend a fee 

waiver related to the PULSe 

workstation. The Exchange is also 

proposing to make a non-substantive 

formatting change to its Fee Schedule. 

The text of the proposed rule change is 

available on the Exchange’s Web site 

http://www.cboe.org/legal), at the 

Exchange’s Office of the Secretary and 

at the Commission. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, 

CBOE 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. CBOE 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 

The purpose of this proposed rule 

change is to reduce an away-market 

routing fee and extend a fee waiver 

related to the PULSe workstation. The 

Exchange is also proposing to make a 

non-substantive formatting change to its 

Fee Schedule. 

By way of background, the PULSe 

workstation is a front-end order entry 

system designed for use with respect to 

orders that may be sent to the trading 

systems of CBOE and CBOE Stock 

Exchange, LLC (‘‘CBSX’’). In addition, 

the PULSe workstation provides a user 

with the capability to send options 

orders to other U.S. options exchanges 

and stock orders to other U.S. stock 

exchanges through a PULSe Routing 

Intermediary (‘‘away-market routing’’).5

The first purpose of this proposed 

rule change is to reduce the PULSe 

away market routing fee. Currently the 

fee is set at $0.10 per executed contract 

or share equivalent. The Exchange is 

proposing to reduce the fee to $0.05 per 

executed contract or share equivalent 

effective March 1, 2011. 

The second purpose of this proposed 

rule change is to extend the waiver of 

the PULSe Routing Intermediary fee. 

Currently the Exchange has waived the 

Routing Intermediary fee through March 

31, 2011. The Exchange is proposing to 

extend this waiver through June 30, 

2011. Thus this fee will be assessed 

beginning July 1, 2011. 

Finally, the third purpose of this 

proposed rule change is to make a nonsubstantive formatting change to its Fee 

Schedule. In particular, the Fees 

Schedule currently contains references 

to fees for Professional and Voluntary 

Professional transactions in S&P 500 

Index options series that trade on the 

Hybrid Trading System. Specifically, 

the fee schedule references ‘‘SPX 

Options Trading on Hybrid.’’ The 

Exchange is proposing to change these 

references to the trading symbol for 

such options, which is simply ‘‘SPXW.’’ 

This change is non-substantive and 

should simplify the Fees Schedule in a 

manner consistent with other existing 

references to option trading symbols. 

2. Statutory Basis 

The proposed rule change is 

consistent with Section 6(b) of the Act,6

in general, and furthers the objectives of 

Section 6(b)(4) of the Act,7 in particular, 

in that it is designed to provide for the 

equitable allocation of reasonable dues, 

fees, and other charges among Trading 

Permit Holders in that the same fees and 

fee waivers are applicable to all Trading 

Permit Holders that use the PULSe 

Workstation. In addition, the change of 

the references from SPX Options 

Trading on Hybrid to the trading symbol 

SPXW should simplify the Fees 

Schedule in a manner consistent with 

other existing references to option 

trading symbols. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

CBOE does not believe that the 

proposed rule change will impose any 


Emcdonald on DSK2BSOYB1PROD with NOTICES
13004 Federal Register / Vol. 76, No. 46 / Wednesday, March 9, 2011 / Notices 

8 15 U.S.C. 78s(b)(3)(A)(ii). 

9 17 CFR 240.19b–4(f)(2). 

10 17 CFR 200.30–3(a)(12). 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240. 19b–4. 

3 15 U.S.C. 78s(b)(3)(A)(ii). 

4 17 CFR 240.19b–4(f)(2). 

5For a more detailed description of the PULSe 

workstation and its other functionalities, see, e.g., 

Securities Exchange Act Release No. 63246 

(November 4, 2010), 75 FR 69478 (November 12, 

2010)(SR–C2–2010–007). 

burden on competition that is not 

necessary or appropriate in furtherance 

of purposes of the Act. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants or Others 

No written comments were solicited 

or received with respect to the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The proposed rule change is 

designated by the Exchange as 

establishing or changing a due, fee, or 

other charge, thereby qualifying for 

effectiveness on filing pursuant to 

Section 19(b)(3)(A)(ii) of the Act 8 and 

subparagraph (f)(2) of Rule 19b–4 9

thereunder. 

At any time within 60 days of the 

filing of the proposed rule change, the 

Commission summarily may 

temporarily suspend such rule change if 

it appears to the Commission that such 

action is necessary or appropriate in the 

public interest, for the protection of 

investors, or otherwise in furtherance of 

the purposes of the Act. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s Internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an e-mail to rulecomments@sec.gov. Please include File 

Number SR–CBOE–2011–021 on the 

subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Elizabeth M. Murphy, Secretary, 

Securities and Exchange Commission, 

100 F Street, NE., Washington, DC 

20549–1090. 

All submissions should refer to File 

Number SR–CBOE–2011–021. This file 

number should be included on the 

subject line if e-mail is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

Internet Web site (http://www.sec.gov/ 

rules/sro.shtml). Copies of the 

submission, all subsequent 

amendments, all written statements 

with respect to the proposed rule 

change that are filed with the 

Commission, and all written 

communications relating to the 

proposed rule change between the 

Commission and any person, other than 

those that may be withheld from the 

public in accordance with the 

provisions of 5 U.S.C. 552, will be 

available for Web site viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street, NE., 

Washington, DC 20549 on official 

business days between the hours of 10 

a.m. and 3 p.m. Copies of such filing 

also will be available for inspection and 

copying at the principal office of CBOE. 

All comments received will be posted 

without change; the Commission does 

not edit personal identifying 

information from submissions. You 

should submit only information that 

you wish to make available publicly. All 

submissions should refer to File 

Number SR–CBOE–2011–021 and 

should be submitted on or before March 

30, 2011. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.10

Cathy H. Ahn, 

Deputy Secretary. 

[FR Doc. 2011–5277 Filed 3–8–11; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–64008; File No. SR–C2– 

2011–009] 

Self-Regulatory Organizations; C2 

Options Exchange, Incorporated; 

Notice of Filing and Immediate 

Effectiveness of Proposed Rule 

Change Relating to PULSe Fees 

March 2, 2011. 

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 March 1, 

2011, C2 Options Exchange, 

Incorporated (the ‘‘Exchange’’ or ‘‘C2’’) 

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 Exchange. 

The Exchange has designated this 

proposal as one establishing or changing 

a due, fee, or other charge imposed by 

the Exchange under Section 

19(b)(3)(A)(ii) of the Act 3 and Rule 19b– 

4(9f)(2) thereunder.4 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 is proposing to amend 

its Fees Schedule to reduce an awaymarket routing fee and extend a fee 

waiver related to the PULSe 

workstation. The text of the proposed 

rule change is available on the 

Exchange’s Web site (http:// 

www.c2exchange.com), at the 

Exchange’s Office of the Secretary and 

at the Commission. 

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, Proposed Rule 

Change 

1. Purpose 

The purpose of this proposed rule 

change is to reduce an away-market 

routing fee and extend a fee waiver 

related to the PULSe workstation. 

By way of background, the PULSe 

workstation is a front-end order entry 

system designed for use with respect to 

orders that may be sent to the trading 

systems of C2. In addition to providing 

the capability to send orders to the C2 

market, the PULSe workstation will also 

provide a user with the capability to 

send options orders to other U.S. 

options exchanges and stock orders to 

other U.S. stock exchanges through a 

PULSe Routing Intermediary (‘‘away 

market routing’’).5

The first purpose of this proposed 

rule change is to reduce the PULSe 


Emcdonald on DSK2BSOYB1PROD with NOTICES