67396 Federal Register / Vol. 83, No. 248 / Friday, December 28, 2018 / Notices 

7 15 U.S.C. 78f(b)(8). 

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

9 17 CFR 240.19b–4(f)(2). 

10 15 U.S.C. 78s(b)(2)(B). 11 17 CFR 200.30–3(a)(12). 

on a transparent market for bond 

trading. The proposed waiver of the 

New Firm Fee and BTL fee is equitable 

and not unfairly discriminatory because 

it would be offered to all market 

participants that wish to trade at the 

Exchange the narrower class of debt 

securities only. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

In accordance with Section 6(b)(8) of 

the Act,7 the Exchange believes that the 

proposed rule change would not impose 

any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. Debt 

securities typically trade in a 

decentralized over-the-counter (‘‘OTC’’) 

dealer market that is less liquid and 

transparent than the equities markets. 

The Exchange believes that the 

proposed change would increase 

competition with these OTC venues by 

reducing the cost of being approved as 

and operating as an Exchange member 

organization that solely trades bonds at 

the Exchange, which the Exchange 

believes will enhance market quality 

through the additional display of 

liquidity and increased execution 

opportunities in Exchange-traded bonds 

at the Exchange. 

The Exchange notes that it operates in 

a highly competitive market in which 

market participants can readily favor 

competing venues that are not 

transparent. In such an environment, 

the Exchange must continually review, 

and consider adjusting its fees and 

rebates to remain competitive with other 

exchanges as well as with alternative 

trading systems and other venues that 

are not required to comply with the 

statutory standards applicable to 

exchanges. Because competitors are free 

to modify their own fees and credits in 

response, and because market 

participants may readily adjust their 

order routing practices, the Exchange 

believes that the degree to which fee 

changes in this market may impose any 

burden on competition is extremely 

limited. As a result of all of these 

considerations, the Exchange does not 

believe that the proposed change will 

impair the ability of member 

organizations or competing order 

execution venues to maintain their 

competitive standing in the financial 

markets. 

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 foregoing rule change is effective 

upon filing pursuant to Section 

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

subparagraph (f)(2) of Rule 19b–4 9

thereunder, because it establishes a due, 

fee, or other charge imposed by the 

Exchange. 

At any time within 60 days of the 

filing of such 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. If the 

Commission takes such action, the 

Commission shall institute proceedings 

under Section 19(b)(2)(B) 10 of the Act to 

determine whether the proposed rule 

change should be approved or 

disapproved. 

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 email to rule-comments@

sec.gov. Please include File Number SR– 

NYSE–2018–65 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Brent J. Fields, Secretary, Securities 

and Exchange Commission, 100 F Street 

NE, Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–NYSE–2018–65. This file 

number should be included on the 

subject line if email 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 website (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 website 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 

10:00 a.m. and 3:00 p.m. Copies of such 

filing also will be available for 

inspection and copying at the principal 

office of the Exchange. All comments 

received will be posted without change. 

Persons submitting comments are 

cautioned that we do not redact or edit 

personal identifying information from 

comment submissions. You should 

submit only information that you wish 

to make available publicly. All 

submissions should refer to File 

Number SR–NYSE–2018–65, and 

should be submitted on or before 

January 18, 2019. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.11

Brent J. Fields, 

Secretary. 

[FR Doc. 2018–28196 Filed 12–27–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–84943; File No. 265–30] 

Fixed Income Market Structure 

Advisory Committee 

AGENCY: Securities and Exchange 

Commission. 

ACTION: Notice of meeting. 

SUMMARY: Notice is being provided that 

the Securities and Exchange 

Commission Fixed Income Market 

Structure Advisory Committee will hold 

a public meeting on Monday, January 

28, 2019 in Multi-Purpose Room LL–006 

at the Commission’s headquarters, 100 F 

Street NE, Washington, DC. The meeting 

will begin at 9:30 a.m. (ET) and will be 

open to the public. The meeting will be 

webcast on the Commission’s website at 

www.sec.gov. Persons needing special 

accommodations to take part because of 

a disability should notify the contact 

persons listed below. The public is 


amozie on DSK3GDR082PROD with NOTICES1
Federal Register / Vol. 83, No. 248 / Friday, December 28, 2018 / Notices 67397 

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

2 15 U.S.C. 78a. 

3 17 CFR 240.19b–4. 

4The Exchange initially filed rule changes 

relating to its co-location services with the 

Securities and Exchange Commission 

(‘‘Commission’’) in 2010. See Securities Exchange 

Act Release No. 63275 (November 8, 2010), 75 FR 

70048 (November 16, 2010) (SR–NYSEArca–2010– 

100) (the ‘‘Original Co-location Filing’’). The 

Exchange operates a data center in Mahwah, New 

Jersey (the ‘‘data center’’) from which it provides 

co-location services to Users. 

5See Securities Exchange Act Release No. 77070 

(February. 5, 2016), 81 FR 7401 (February. 11, 2016) 

(SR–NYSEArca–2015–102). 

6For purposes of the Exchange’s co-location 

services, a ‘‘User’’ means any market participant 

that requests to receive co-location services directly 

from the Exchange. See Securities Exchange Act 

Release No. 76010 (September 29, 2015), 80 FR 

60197 (October 5, 2015) (SR–NYSEArca–2015–82). 

As specified in the Fee Schedules, a User that 

incurs co-location fees for a particular co-location 

service pursuant thereto would not be subject to colocation fees for the same co-location service 

charged by the Exchange’s affiliates New York 

Stock Exchange LLC (‘‘NYSE LLC’’) and NYSE MKT 

LLC (‘‘NYSE MKT’’ and, together with NYSE LLC, 

the ‘‘Affiliate SROs’’). See Securities Exchange Act 

Release No. 70173 (August 13, 2013), 78 FR 50459 

(August 19, 2013) (SR–NYSEArca–2013–80). 

7See Securities Exchange Act Release No. 79716 

(December 30, 2016), 82 FR 1774 (January 6, 2017) 

(SR–NYSEArca–2016–168). 

8The Exchange previously extended the MRC 

reduction for one year. See Securities Exchange Act 

Continued 

invited to submit written statements to 

the Committee. The meeting will 

include updates and presentations from 

the subcommittees. 

DATES: The public meeting will be held 

on January 28, 2019. Written statements 

should be received on or before January 

23, 2019. 

ADDRESSES: The meeting will be held at 

the Commission’s headquarters, 100 F 

Street NE, Washington, DC. Written 

statements may be submitted by any of 

the following methods: 

Electronic Statements 

• Use the Commission’s internet 

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

rules/other.shtml); or 

• Send an email message to rulecomments@sec.gov. Please include File 

Number 265–30 on the subject line; or 

Paper Statements 

• Send paper statements in triplicate 

to Brent J. Fields, Federal Advisory 

Committee Management Officer, 

Securities and Exchange Commission, 

100 F Street NE, Washington, DC 

20549–1090. 

All submissions should refer to File No. 

265–30. This file number should be 

included on the subject line if email is 

used. To help us process and review 

your statement more efficiently, please 

use only one method. The Commission 

will post all statements on the 

Commission’s internet website at http:// 

www.sec.gov/comments/265-30/265- 

30.shtml. 

Statements also will be available for 

website viewing and printing in the 

Commission’s Public Reference Room, 

100 F Street NE, Room 1580, 

Washington, DC 20549, on official 

business days between the hours of 

10:00 a.m. and 3:00 p.m. All statements 

received will be posted without change. 

Persons submitting comments are 

cautioned that we do not redact or edit 

personal identifying information from 

submissions. You should submit only 

information that you wish to make 

available publicly. 

FOR FURTHER INFORMATION CONTACT: 

David Dimitrious, Senior Special 

Counsel, at (202) 551–5131, or Benjamin 

Bernstein, Special Counsel, at (202) 

551–5354, Division of Trading and 

Markets, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549–7010. 

SUPPLEMENTARY INFORMATION: In 

accordance with Section 10(a) of the 

Federal Advisory Committee Act, 5 

U.S.C.—App. 1, and the regulations 

thereunder, Brett Redfearn, Designated 

Federal Officer of the Committee, has 

ordered publication of this notice. 

Dated: December 21, 2018. 

Brent J. Fields, 

Committee Management Officer. 

[FR Doc. 2018–28314 Filed 12–27–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–84898; File No. SR– 

NYSEARCA–2018–93] 

Self-Regulatory Organizations; NYSE 

Arca, Inc.; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Amend Its Options 

Fees and Charges and Equities Fees 

and Charges To Extend for One Year 

a Fee Discount for the Partial Cabinet 

Solution Bundles Offered in 

Connection With the Exchange’s CoLocation Services 

December 20, 2018. 

Pursuant to Section 19(b)(1) 1 of the 

Securities Exchange Act of 1934 (the 

‘‘Act’’) 2 and Rule 19b–4 thereunder,3

notice is hereby given that, on December 

12, 2018, NYSE Arca, Inc. (the 

‘‘Exchange’’ or ‘‘NYSE Arca’’) 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 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 

The Exchange proposes to amend its 

Options Fees and Charges (the ‘‘Options 

Fee Schedule’’) and Equities Fees and 

Charges (the ‘‘Equities Fee Schedule’’, 

together with the Options Fee Schedule, 

the ‘‘Fee Schedules’’) to extend for one 

year a fee discount for the Partial 

Cabinet Solution bundles offered in 

connection with the Exchange’s colocation services. The proposed rule 

change is available on the Exchange’s 

website at www.nyse.com, 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 

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 those 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 parts of such 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and the 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The Exchange proposes to amend the 

Exchange’s Fee Schedules to extend a 

fee discount for the Partial Cabinet 

Solution bundles offered in connection 

with the Exchange’s co-location 

services.4 The Exchange offers the four 

Partial Cabinet Solution bundles to 

attract smaller Users, such as those with 

minimal power or cabinet space 

demands, or those for which the 

attendant costs of having a dedicated 

cabinet and related connectivity are too 

burdensome.5

The Exchange offers Users 6 that 

purchase a Partial Cabinet Solution 

bundle on or before December 31, 2018 

a 50% reduction in the monthly 

recurring charges (‘‘MRC’’) for the first 

24 months.7 The Exchange proposes to 

extend the 50% fee reduction to those 

Users that purchase a Partial Cabinet 

Solution bundle on or before December 

31, 2019.8 The Exchange does not 


amozie on DSK3GDR082PROD with NOTICES1