67732 Federal Register / Vol. 83, No. 249 / Monday, December 31, 2018 / Notices 

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

2 17 CFR 240.19b–4. 

3Recently, the six exchanges affiliated with 

Nasdaq, Inc. (The Nasdaq Stock Market LLC, 

Nasdaq BX, Inc., Nasdaq PHLX LLC, Nasdaq ISE, 

LLC, Nasdaq GEMX, LLC, and Nasdaq MRX, LLC 

(collectively, the ‘‘Affiliated Exchanges’’)) added 

shell structures to their respective rulebooks with 

the purpose of improving efficiency and readability 

and to align their respective rules. 

4The Exchange shall include a hyperlink to 

Nasdaq’s General 8 for ease of reference. 

5The offering of products and services on a 

shared basis means that a customer purchases 

colocation, connectivity, and direct connectivity 

products and services once to gain access to any or 

all of the Affiliated Exchanges to which the 

customer is otherwise entitled to receive access 

under the respective rules of the Affiliated 

Exchanges. In other words, the Affiliated Exchanges 

only charge customers once for these shared 

products and services, even to the extent that a 

customer uses the products and services to connect 

to more than one of the Affiliated Exchanges. 

Likewise, the rules provide for connectivity to 

third-party services and market data feeds on a 

shared basis, meaning that a firm need only 

purchase a subscription to these services once, 

regardless of whether the firm is a member or 

member organization, as applicable, of multiple 

Affiliated Exchanges. 

6A small number of minor differences exist 

among the Section 8s of the Affiliated Exchanges. 

However, these differences, such as the use of the 

word ‘‘the’’ before the phrase ‘‘Nasdaq Data Center’’ 

in one version of the Rulebook and not in the 

others, are technical and do result in substantive 

variations in the meanings of the Rulebooks. 

POSTAL SERVICE 

International Product Change—Global 

Plus 6 

AGENCY: Postal ServiceTM. 

ACTION: Notice. 

SUMMARY: The Postal Service gives 

notice of filing a request with the Postal 

Regulatory Commission to add the 

Global Plus 6 product to the 

Competitive Products List. 

DATES: Date of notice: December 31, 

2018. 

FOR FURTHER INFORMATION CONTACT: Kyle 

R. Coppin, 202–268–2368. 

SUPPLEMENTARY INFORMATION: The 

United States Postal Service® hereby 

gives notice that, pursuant to 39 U.S.C. 

3642, on December 21, 2018, it filed 

with the Postal Regulatory Commission 

a Request of the United States Postal 

Service to add Global Plus 6 to the 

Competitive Products List. Documents 

are available at www.prc.gov, Docket 

Nos. MC2019–65 and CP2019–70. 

Christopher C. Meyerson, 

Attorney, Corporate and Postal Business Law. 

[FR Doc. 2018–28352 Filed 12–28–18; 8:45 am] 

BILLING CODE 7710–12–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–84937; File No. SR–ISE– 

2018–99] 

Self-Regulatory Organizations; Nasdaq 

ISE, LLC; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Amend General 8 

December 21, 2018. 

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 December 

19, 2018, Nasdaq ISE, LLC (‘‘ISE’’ or 

‘‘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 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 delete the 

Exchange’s existing rules on colocation, 

connectivity, and direct connectivity 

(the ‘‘Existing Connectivity Rules’’), 

under General 8, and incorporate by 

reference into General 8 The Nasdaq 

Stock Market LLC’s (‘‘Nasdaq’s’’) rules 

on colocation, connectivity, and direct 

connectivity, which are located in 

General 8 of the Nasdaq rulebook shell 

structure.3

The text of the proposed rule change 

is available on the Exchange’s website at 

http://ise.cchwallstreet.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 

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 

The Exchange proposes to delete its 

Existing Connectivity Rules, currently 

under General 8, and incorporate by 

reference the corresponding Nasdaq 

rules, at General 8 of Nasdaq’s rulebook. 

The Exchange proposes to remove the 

current rule text from General 8 and 

replace it with the following text: 

General 8 Connectivity 

The rules contained in The Nasdaq Stock 

Market LLC General 8, as such rules may be 

in effect from time to time (the ‘‘General 8 

Rules’’), are hereby incorporated by reference 

into this Nasdaq ISE General 8, and are thus 

Nasdaq ISE Rules and thereby applicable to 

Nasdaq ISE Members. Nasdaq ISE Members 

shall comply with the General 8 Rules as 

though such rules were fully set forth herein. 

All defined terms, including any variations 

thereof, contained in the General 8 Rules 

shall be read to refer to the Nasdaq ISE 

related meaning of such term. Solely by way 

of example, and not in limitation or in 

exhaustion: The defined term ‘‘Exchange’’ in 

the General 8 Rules shall be read to refer to 

the Nasdaq ISE Exchange; the defined term 

‘‘Rule’’ in the General 8 Rules shall be read 

to refer to the Nasdaq ISE Rule.4

Over the past year, the Affiliated 

Exchanges each took steps to harmonize 

their respective rules on colocation, 

connectivity, and direct connectivity, 

first by relocating them to General 8 of 

their respective rulebooks, and then by 

eliminating substantive differences 

among the rules. The Affiliated 

Exchanges harmonized these rules 

because the Affiliated Exchanges offer 

colocation, connectivity, and direct 

connectivity services and related 

products to their customers on a shared 

basis with one another,5 and to do so, 

the rules and fees governing such shared 

products and services should be the 

same for all of the Affiliated Exchanges. 

Because the text of the Exchange’s 

General 8 is already substantively 

identical 6 to Nasdaq’s General 8, the 

proposal will not effect any substantive 

changes to the Exchange’s General 8. 

Instead, the proposal will merely adopt 

language indicating that the Exchange is 

incorporating by reference Nasdaq’s 

General 8 and it will make conforming 

cross-reference changes. 

This proposal is the penultimate step 

in the harmonization process. The 

Exchange plans to file with the 

Commission a request to exempt it from 

Section 19(b) of the Act with respect to 

General 8, as amended herein, so that 

the Exchange will not need to file a 

proposed rule change whenever Nasdaq 

amends its General 8 rules. The 

Exchange proposes that this rule change 

become operative at such time as it 

receives approval for this exemption 

from the Commission, pursuant to its 


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