Federal Register / Vol. 62, No. 204 / Wednesday, October 22, 1997 / Notices 54891

10Because the Exchange filed Amendment No. 1

subsequent to the original filing date, the 30-day

period commences on the filing date of Amendment

No. 1.

11 17 CFR 200.30–3(a)(12).

1 15 U.S.C. § 78s(b)(1).

2The text of the proposed rule change is available

at the Office of the Secretary, CBOE and in the

Public Reference Room at the Commission.

3SR–CBOE–97–22, approved in Securities

Exchange Act Release No. 38702 (May 30, 1997), 62

FR 31184 (June 6, 1997).

4The systems enhancements specifically have

allowed for the routing of the following types of

contingency and discretionary orders: All or None

orders (AON), Immediate or Cancel orders (IOC),

Fill or Kill orders (FOK), Minimum Quantity orders

(MIN), Stop orders (STP), Stop Loss orders (STP

LOSS), Opening Only orders (OPG), Market on

Close Orders (MOC), Closing Only orders (CLO),

Market if Touched orders (MIT), Not held orders

(NH), and With Discretion orders. Due to systems

and administrative limitations, ORS has continued

to be unavailable for stop limit orders as well as

spreads, straddles, combos, and other multi-part

orders.

C. Self-Regulatory Organization’s

Statement on Comments on the

Proposed Rule Change Received From

Members, Participants, or Others

The Exchange has neither solicited

nor received written comments with

respect to the proposed rule change.

III. Date of Effectiveness of the

Proposed Rule Change and Timing for

Commission Action

Because the foregoing proposed rule

change: (1) does not significantly affect

the protection of investors or the public

interest; (2) does not impose any

significant burden on competition; (3)

was provided to the Commission for

review at least five business days prior

to the filing date; and (4) does not

become operative for 30 days from

August 18, 1997, 10 the proposed rule

change has become effective pursuant to

Section 19(b)(3)(A) of the Act and Rule

19b–4(e)(6) thereunder. In particular,

the Commission believes that the

proposal qualifies as a

‘‘noncontroversial filing’’ in that the

proposal does not significantly affect the

protection of investors or the public

interest and does not impose any

significant burden on competition. At

any time within 60 days of the filing of

the proposed rule change, the

Commission may summarily abrogate

such rule change if it appears to the

Commission that such action is

necessary or appropriate for 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.

Persons making written submissions

should file six copies thereof with the

Secretary, Securities and Exchange

Commission, 450 Fifth Street, NW,

Washington, DC 20549. 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 inspection and copying at

the Commission’s Public Reference

Room. Copies of such filing will also be

available for inspection and copying at

the Commission’s Public Reference

Room. Copies of such filing will also be

available for inspection and copying at

the principal office of the Amex.

All submissions should refer to File

No. SR–Amex–97–27 and should be

submitted by November 12, 1997.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.11

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–27903 Filed 10–21–97; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 34–39240; File No. SR–CBOE–

97–54]

Self-Regulatory Organizations; Notice

of Filing and Immediate Effectiveness

of Proposed Rule Change by the

Chicago Board Options Exchange,

Incorporated Relating to Routing of

Firm and Broker-Dealer Orders to the

Par Workstations in the DJX Trading

Crowd

October 14, 1997.

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

Securities Exchange Act of 1934

(‘‘Act’’),1 notice is hereby given that on

October 3, 1997, the Chicago Board

Options Exchange, Incorporated

(‘‘CBOE’’ or ‘‘Exchange’’) filed with the

Securities and Exchange Commission

(‘‘Commission’’ or ‘‘SEC’’) the proposed

rule change as described in Items I, II,

and III below, which Items have been

prepared by the CBOE. 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 Chicago Board Options Exchange,

Incorporated (‘‘CBOE’’ or the

‘‘Exchange’’) will enable its order

routing system (‘‘ORS’’) to route brokerdealer and firm orders to the trading

crowd for options based on the Dow

Jones Industrial Average (‘‘DIX’’).2

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

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. The 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

On May 30, 1997, the Securities and

Exchange Commission (‘‘SEC’’ or

‘‘Commission’’) approved a proposed

rule change of the CBOE which sought

permanent approval of a pilot program

concerning certain enhancements to the

Exchange’s electronic order routing

system.3

The changes instituted in the pilot

program, now approved on a permanent

basis, included the electronic routing

and processing of contingency and

discretionary orders,4 the recognition by

ORS of firm and broker-dealer orders,

the routing of firm and broker-dealer

orders to the Public Automated Routing

(‘‘PAR’’) system workstations in the

OEX crowd, and the execution of certain

contingency orders on the Exchange’s

Retail Automatic Execution System. In

addition, the Exchange enabled the

system to route firm and broker-dealer

orders electronically to the PAR

workstations in the trading crowd for

options on the Standard & Poor’s 100

Index (‘‘OEX’’), but not to PAR stations

in any other trading crowd. The

Exchange has now enabled its systems

to route firm and broker-dealer orders

electronically to the PAR stations in the

trading crowd for DJX, which is

scheduled to commence trading on the

Exchange on October 6, 1997. The

Exchange intends to study further

whether it should enable the system to

route such orders to equity and SPX

crowds at some future date. All other

enhancements to the ORS which were

recently approved by the Commission

will apply equally to trading in DJX as
54892 Federal Register / Vol. 62, No. 204 / Wednesday, October 22, 1997 / Notices

5 15 U.S.C. § 78f(b)(5).

6 15 U.S.C. § 78s(b)(3)(A)(ii).

7 17 CFR 240.19b–4(e)(2). 8 17 CFR 200.30–3(a)(12).

they do at all other trading crowds on

the floor.

The Exchange believes the proposed

system change is consistent with and

furthers the objectives of Section

6(b)(5) 5 of the Act in that it would foster

cooperation and coordination with

persons engaged in regulating, clearing,

settling, and processing information

with respect to, and facilitating

transactions in securities, and would

remove impediments to and perfect the

mechanism of a free and open market in

a manner consistent with the protection

of investors and the public interest.

B. Self-Regulatory Organization’s

Statement on Burden on Competition

The CBOE does not believe that the

proposed rule change will impose any

burden on competition.

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

Because the foregoing rule change has

been designated by the Exchange as a

policy effecting a change in an existing

order-entry system of the Exchange that

(i) does not significantly affect the

protection of investors or the public

interest; (ii) does not impose any

significant burden on competition; and

(iii) does not have the effect of limiting

access to or availability of the system, it

has become effective pursuant to

Section 19(b)(3)(A) 6 of the Act and Rule

196–4(e)(2) 7 thereunder. At any time

within 60 days of the filing of a rule

change, the Commission may summarily

abrogate the 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

proposes of the Act.

IV. Solicitation of Comments

Interested persons are invited to

submit written data, views, and

arguments concerning the foregoing.

Persons making written submissions

should file six copies thereof with the

Secretary, Securities and Exchange

Commission, 450 Fifth Street, N.W.,

Washington, D.C. 20549. 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 inspection and copying at

the Commission’s Public Reference

Room. Copies of such filing will also be

available for inspection and copying at

the principal office of the CBOE. All

submissions should refer to File No.

SR–CBOE–97–54 and should be

submitted by November 12, 1997.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.8

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–27904 Filed 10–21–97; 8:45 am]

BILLING CODE 8010–01–M

DEPARTMENT OF STATE

[Public Notice No. 2622]

Advisory Committee on International

Communications and Information

Policy; Meeting Notice

The Department of State is holding

the next meeting of its Advisory

Committee on International

Communications and Information

Policy. The Committee provides a

formal channel for regular consultation

and coordination on major economic,

social and legal issues and problems in

international communications and

information policy, especially as these

issues and problems involve users of

information and communication

services, providers of such services,

technology research and development,

foreign industrial and regulatory policy,

the activities of international

organizations with regard to

communications and information, and

developing country interests.

The guest speaker at the meeting will

be Ms. Nancy Wong, Commissioner of

the President’s Commission on Critical

Infrastructure Protection (PCCIP). She

will speak on the telecommunications

aspects of the PCCIP’s mission.

In addition, the purpose of this

meeting will be to hear reports from the

working groups on various issues that

chart the future direction and work plan

of the committee. The members will

look at the substantive issues on which

the committee should focus, as well as

specific countries and regions of interest

to the committee.

This meeting will be held on

Thursday, November 13, 1997, from

9:30 a.m.–12:30 p.m. in Room 1105 of

the Main Building of the U.S.

Department of State, located at 2201 ‘‘C’’

Street, N.W., Washington, D.C. 20520.

Members of the public may attend these

meetings up to the seating capacity of

the room. While the meeting is open to

the public, admittance to the State

Department Building is only by means

of a pre-arranged clearance list. In order

to be placed on the pre-clearance list,

please provide your name, title,

company, social security number, date

of birth, and citizenship to Shirlett

Brewer at (202) 647–8345 or by fax at

(202) 647–0158. All attendees must use

the ‘‘C’’ Street entrance. One of the

following valid ID’s will be required for

admittance: any U.S. driver’s license

with photo, a passport, or a U.S.

Government agency ID.

For further information, contact

Timothy C. Finton, Executive Secretary

of the Committee, at (202) 647–5385.

Dated: October 10, 1997.

Timothy C. Finton,

Executive Secretary.

[FR Doc. 97–27893 Filed 10–21–97; 8:45 am]

BILLING CODE 4710–45–M

DEPARTMENT OF TRANSPORTATION

Privacy Act of 1974: Notice To Add

Two Systems of Records

AGENCY: Department of Transportation,

Operating Administrations.

ACTION: Notice to add two systems of

records.

SUMMARY: The Department of

Transportation is proposing to add two

systems of records notices to its

inventory of Privacy Act systems of

records notices subject to the Privacy

Act of 1974 (5 U.S.C. 552a), as amended.

EFFECTIVE DATE: December 1, 1997.

FOR FURTHER INFORMATION CONTACT:

Crystal Bush, Office of the Chief

Information Officer, Department of

Transportation, Washington, DC 20590,

Telephone (202) 366–9713, Fax (202)

366–7066, Internet address

crystal.bush@ost.dot.gov.

SUPPLEMENTARY INFORMATION: The

Department of Transportation systems

of records notices subject to the Privacy

Act of 1974 (5 U.S.C. 552a), as amended,

have been published in the Federal

Register and are available through the

Government Printing Office.

The proposed systems reports, as

required by 5 U.S.C. 552a(r) of the