Federal Register / Vol. 89, No. 24 / Monday, February 5, 2024 / Notices 7759 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 98156 

(Aug. 17, 2023), 88 FR 57490. Comments on the 

proposed rule change are available at: https://

www.sec.gov/comments/sr-cboebzx-2023-058/ 

srcboebzx2023058.htm. 

4See Securities Exchange Act Release No. 98531, 

88 FR 67829 (Oct. 2, 2023). 

5 15 U.S.C. 78s(b)(2)(B). 

6See Securities Exchange Act Release No. 98981, 

88 FR 82439 (Nov. 24, 2023). 

7 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3The Exchange initially filed the proposed 

pricing changes on November 28, 2023 (SR–Phlx– 

2023–52) to be effective on December 1, 2023. On 

December 5, 2023, the Exchange withdrew SR– 

Phlx–2023–52 and replaced it with SR–Phlx–2023– 

56. On January 16, 2023, the Exchange withdrew 

SR–Phlx–2023–56 and submitted this filing. 

4 ‘‘Specialized Quote Feed’’ or ‘‘SQF’’ is an 

interface that allows Lead Market Makers, 

Streaming Quote Traders (‘‘SQTs’’) and Remote 

Streaming Quote Traders (‘‘RSQTs’’) to connect, 

send, and receive messages related to quotes, 

Immediate-or-Cancel Orders, and auction responses 

into and from the Exchange. Features include the 

following: (1) options symbol directory messages 

(e.g., underlying and complex instruments); (2) 

system event messages (e.g., start of trading hours 

messages and start of opening); (3) trading action 

messages (e.g., halts and resumes); (4) execution 

messages; (5) quote messages; (6) Immediate-orCancel Order messages; (7) risk protection triggers 

and purge notifications; (8) opening imbalance 

messages; (9) auction notifications; and (10) auction 

responses. The SQF Purge Interface only receives 

and notifies of purge requests from the Lead Market 

Maker, SQT or RSQT. Lead Market Makers, SQTs 

and RSQTs may only enter interest into SQF in 

their assigned options series. Immediate-or-Cancel 

Orders entered into SQF are not subject to the Order 

Price Protection, the Market Order Spread 

Protection, or Size Limitation in Options 3, Section 

15(a)(1), (a)(2) and (b)(2), respectively. See Options 

3, Section 7(a)(i)(B). 

5An active port shall mean that the port was 

utilized to submit a quote to the System during a 

given month. See Options 7, Section 9, B. 

6The member organization is required to provide 

the Exchange with written notification of the 

transition and all additional ports, provided at no 

cost, will be removed at the end of the ten business 

days. See Options 7, Section 9, B. 

Institution and settlement of 

administrative proceedings; 

Resolution of litigation claims; and 

Other matters relating to examinations 

and enforcement proceedings. 

At times, changes in Commission 

priorities require alterations in the 

scheduling of meeting agenda items that 

may consist of adjudicatory, 

examination, litigation, or regulatory 

matters. 

CONTACT PERSON FOR MORE INFORMATION: 

For further information; please contact 

Vanessa A. Countryman from the Office 

of the Secretary at (202) 551–5400. 

(Authority: 5 U.S.C. 552b.) 

Dated: February 1, 2024. 

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–02325 Filed 2–1–24; 4:15 pm] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–99445; File No. SR– 

CboeBZX–2023–058] 

Self-Regulatory Organizations; Cboe 

BZX Exchange, Inc.; Notice of 

Withdrawal of a Proposed Rule Change 

To List and Trade Shares of the Global 

X Bitcoin Trust Under BZX Rule 

14.11(e)(4), Commodity-Based Trust 

Shares 

January 30, 2024. 

On August 4, 2023, Cboe BZX 

Exchange, Inc. (‘‘BZX’’ or ‘‘Exchange’’) 

filed with the Securities and Exchange 

Commission (‘‘Commission’’), pursuant 

to section 19(b)(1) of the Securities 

Exchange Act of 1934 (‘‘Act’’) 1 and Rule 

19b–4 thereunder,2 a proposed rule 

change to list and trade shares of the 

Global X Bitcoin Trust under BZX Rule 

14.11(e)(4), Commodity-Based Trust 

Shares. The proposed rule change was 

published for comment in the Federal 

Register on August 23, 2023.3 On 

September 26, 2023, the Commission 

designated a longer period for 

Commission action on the proposed rule 

change.4 On November 17, 2023, the 

Commission instituted proceedings 

under section 19(b)(2)(B) of the Act 5 to 

determine whether to approve or 

disapprove the proposed rule change.6

On January 26, 2024, the Exchange 

withdrew the proposed rule change 

(File No. SR–CboeBZX–2023–058). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.7

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–02157 Filed 2–2–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–99450; File No. SR–Phlx– 

2024–02] 

Self-Regulatory Organizations; Nasdaq 

PHLX LLC; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Amend Options 7, 

Section 9 

January 30, 2024. 

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 January 

16, 2024, Nasdaq PHLX LLC (‘‘Phlx’’ or 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission (‘‘SEC’’ or 

‘‘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 amend its 

Rules at Options 7, Section 9, Other 

Member Fees.3

The text of the proposed rule change 

is available on the Exchange’s website at 

https://listingcenter.nasdaq.com/ 

rulebook/phlx/rules, 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 amend 

Options 7, Section 9, B, Port Fees, to 

increase the SQF Port 4 Fee cap. 

Today, Phlx assesses $1,250 per port, 

per month up to a maximum of $42,000 

per month for an SQF Port that receives 

inbound quotes at any time within that 

month.5 Today, member organizations 

are not assessed an active SQF Port Fee 

for additional ports acquired for ten 

business days for the purpose of 

transitioning technology.6 The Exchange 

proposes to add the words ‘‘active port’’ 

in parenthesis at the end of the 

description of SQF Port Fee to tie the 


lotter on DSK11XQN23PROD with NOTICES1