10140 Federal Register / Vol. 86, No. 31 / Thursday, February 18, 2021 / Notices 

1See letter from Thomas G. McCabe, Chief 

Regulatory Officer, OneChicago, to Vanessa 

Countryman, Secretary, Commission, dated 

September 21, 2020 (‘‘McCabe Letter’’). 

2 15 U.S.C. 78s(a)(3). 

3Securities Exchange Act Release No. 90764 

(December 21, 2020), 85 FR 85778 (December 29, 

2020) (File No. 10–133). 

4See McCabe Letter, supra note 1, at 1. 

5See id. 

6See id. 

7See id. 

8See id. 

9 15 U.S.C. 78s(a)(3). 

10See McCabe Letter, supra note 1, at 1. 

11See id. 

12See In the Matter of the Notice of OneChicago 

LLC Requesting Vacation of Designation as a 

Contract Market, Order of Vacation (December 21, 

2020). 

13 15 U.S.C. 78f(g)(2)(C). 

14See McCabe Letter, supra note 1, at 1. See also 

15 U.S.C. 78f(g)(1)(A). 

15See McCabe Letter, supra note 1, at 1. 

16See 17 CFR 240.17a–1(a) and (b). 

17See email from David Downey, Chief Executive 

Officer, OneChicago, to David Dimitrious, Division 

of Trading and Markets, dated December 4, 2020. 

18 15 U.S.C. 78s(a)(3). 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–91117; File No. 10–133] 

Self-Regulatory Organizations; 

OneChicago, LLC; Order Granting 

OneChicago, LLC’s Request To 

Withdraw From Registration as a 

National Securities Exchange Solely 

for the Purposes of Trading Security 

Futures Products 

February 11, 2021. 

I. Introduction 

On September 21, 2020, OneChicago, 

LLC (‘‘OneChicago’’ or ‘‘Exchange’’) 

filed with the Securities and Exchange 

Commission (‘‘Commission’’) notice of 

withdrawal of its registration as a 

national securities exchange solely for 

the purposes of trading security futures 

products, effective September 30, 2020,1

pursuant to Section 19(a)(3) of the 

Securities Exchange Act of 1934 

(‘‘Exchange Act’’).2 The Commission 

published notice of OneChicago’s notice 

of withdrawal in the Federal Register 

on December 29, 2020.3 The 

Commission received no comments 

regarding the notice of withdrawal. For 

the reasons discussed below, the 

Commission is granting OneChicago’s 

request to withdraw its registration as a 

national securities exchange solely for 

the purposes of trading security futures 

products and is requiring OneChicago to 

retain and produce upon request certain 

records. 

II. Discussion and Commission 

Findings 

Prior to September 18, 2020, 

OneChicago operated as a national 

securities exchange solely for the 

purposes of trading security futures 

products, pursuant to 15 U.S.C. 78f(g).4

On August 13, 2020, OneChicago 

released Notice to Members 2020–07, 

which announced that its controlling 

ownership, after a strategic review, 

determined to close the Exchange, with 

the last day of trading to be September 

18, 2020.5 OneChicago stated that it had 

notified all impacted customers.6 The 

Exchange also stated that in order to 

maintain an orderly market through the 

closing process, pursuant to Exchange 

Rule 421 (Emergencies), on September 

4, 2020, the Exchange had announced 

that the December 18, 2020 contract 

expiration and the March 19, 2021 

contract expirations would be 

accelerated to September 18, 2020.7

OneChicago further represented that it 

ceased trading operations as of 

September 18, 2020, and that as of 

September 21, 2020, it had closed its 

trading facility and all positions had 

been closed out.8

Pursuant to Section 19(a)(3) of the 

Exchange Act,9 OneChicago filed with 

the Commission a notice of withdrawal 

from registration as a national securities 

exchange solely for the purposes of 

trading security futures products, 

effective September 30, 2020.10 The 

Exchange stated that, pursuant to 7 

U.S.C. 11, it also had requested that, 

effective December 21, 2020, the 

Commodity Futures Trading 

Commission (‘‘CFTC’’) vacate 

OneChicago’s registration as a 

designated contract market.11 The CFTC 

has issued an order of vacation, effective 

December 21, 2020, vacating 

OneChicago’s designation as a contract 

market.12 Pursuant to Section 6(g)(2)(C) 

of the Exchange Act,13 the Exchange’s 

registration as a national securities 

exchange solely for the purposes of 

trading security futures products would 

have otherwise terminated upon the 

CFTC’s order of vacation becoming 

effective on December 21, 2020, as 

OneChicago would no longer meet the 

condition of being designated by the 

CFTC as a contract market.14

Nonetheless, OneChicago filed a notice 

of withdrawal to take affirmative action 

to withdraw its registration earlier, 

effective September 30, 2020.15

Subsequent to the submission of the 

notice of withdrawal, the Exchange 

further represented to the Commission 

that it will: (i) Maintain, for a period of 

5 years from the effective date of the 

withdrawal of OneChicago’s registration 

as a national securities exchange solely 

for the purposes of trading security 

futures products, all documents, books, 

and records, including correspondence, 

memoranda, papers, notices, accounts 

and other records (collectively 

‘‘records’’) made or received by it in 

connection with proposed rule changes 

filed with the Commission or in 

connection with its operations as a 

national securities exchange as required 

to be maintained under Rule 17a–1(a) 

and (b); 16 and (ii) produce such records 

and furnish such information at the 

request of any representative of the 

Commission.17

As noted above, no comments were 

received in response to the published 

notice of OneChicago’s notice of 

withdrawal of its registration as a 

national securities exchange solely for 

the purposes of trading security futures 

products, which included the 

Exchange’s representations regarding 

maintenance of records and record 

production. Based upon the 

representations made by OneChicago to 

the Commission, the Commission has 

determined that granting OneChicago’s 

request to withdraw from registration is 

appropriate. 

III. Conclusion 

It is therefore ordered, pursuant to 

Section 19(a)(3) of the Exchange Act,18

that: 

(1) Effective September 30, 2020, 

OneChicago’s registration as a national 

securities exchange solely for the 

purposes of trading security futures 

products under Section 6(g) of the 

Exchange Act is withdrawn; and 

(2) For a period of 5 years from the 

effective date of withdrawal of 

registration as a national securities 

exchange solely for the purposes of 

trading security futures products, 

OneChicago will maintain all the 

records required to be maintained 

pursuant to Rule 17a–1(a) and (b) which 

are in OneChicago’s possession and will 

produce such records upon the request 

of any representative of the 

Commission. 

By the Commission. 

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2021–03218 Filed 2–17–21; 8:45 am] 

BILLING CODE 8011–01–P 


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