Federal Register / Vol. 89, No. 42 / Friday, March 1, 2024 / Notices 15235 

12 15 U.S.C. 78s(b)(3)(A)(iii). 

13 17 CFR 240.19b–4(f)(6). 

14 17 CFR 240.19b–4(f)(6)(iii). In addition, Rule 

19b–4(f)(6) requires a self-regulatory organization to 

give the Commission written notice of its intent to 

file the proposed rule change at least five business 

days prior to the date of filing of the proposed rule 

change, or such shorter time as designated by the 

Commission. The Exchange has satisfied this 

requirement. 

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

16 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

reference prices to apply to the Core 

Trading Session would assist with the 

maintenance of fair and orderly markets 

because such mechanisms protect 

investors from potentially receiving 

executions away from the prevailing 

market prices. 

The Exchange also believes that it 

would protect investors and the public 

interest for the Exchange to maintain the 

current Limit Order Price Protection 

rule for the Early Trading Session, 

during which the Exchange trades only 

UTP Securities. With respect to the 

Early Trading Session, there is a higher 

likelihood that overnight news 

developments may move the market 

more than the percentages specified in 

the Limit Order Price Protection rule. If, 

in the absence of an NBO (NBB), such 

percentages were applied to the prior 

trading day’s Official Closing Price, this 

might lead the Exchange to reject orders 

that are appropriately trying to establish 

a quote at the new market level. For this 

reason, the Exchange believes that, for 

the protection of investors and the 

public interest, the current rule should 

continue to govern during the Early 

Trading Session, such that if there is no 

contra-side NBO (NBB) for a Limit 

Order in a UTP Security, Limit Order 

Price Protection will not be applied. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange believes that the 

proposed rule change will not impose 

any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. The 

proposed rule change would not address 

competitive issues but rather would 

enhance the Exchange’s Limit Order 

Price Protection mechanism, to further 

protect market participants from 

aberrant prices and improve continuous 

trading and price discovery. 

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 Exchange has filed the proposed 

rule change pursuant to Section 

19(b)(3)(A)(iii) of the Act 12 and Rule 

19b–4(f)(6) thereunder.13 Because the 

proposed rule change does not: (i) 

significantly affect the protection of 

investors or the public interest; (ii) 

impose any significant burden on 

competition; and (iii) become operative 

prior to 30 days from the date on which 

it was filed, or such shorter time as the 

Commission may designate, if 

consistent with the protection of 

investors and the public interest, the 

proposed rule change has become 

effective pursuant to Section 19(b)(3)(A) 

of the Act and Rule 19b–4(f)(6)(iii) 

thereunder.14

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) 15 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 (https://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include file number SR– 

NYSE–2024–09 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549–1090. 

All submissions should refer to file 

number SR–NYSE–2024–09. 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 (https://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 

a.m. and 3 p.m. Copies of the filing also 

will be available for inspection and 

copying at the principal office of the 

Exchange. Do not include personal 

identifiable information in submissions; 

you should submit only information 

that you wish to make available 

publicly. We may redact in part or 

withhold entirely from publication 

submitted material that is obscene or 

subject to copyright protection. All 

submissions should refer to file number 

SR–NYSE–2024–09 and should be 

submitted on or before March 22, 2024. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.16

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–04297 Filed 2–29–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–99604; File No. SR–ISE– 

2024–06] 

Self-Regulatory Organizations; Nasdaq 

ISE, LLC; Notice of Filing of Proposed 

Rule Change To Amend the Short Term 

Option Series Program 

February 26, 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 February 

15, 2024, Nasdaq ISE, LLC (‘‘ISE’’ 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. 


ddrumheller on DSK120RN23PROD with NOTICES1
15236 Federal Register / Vol. 89, No. 42 / Friday, March 1, 2024 / Notices 

3The Exchange may open for trading on any 

Thursday or Friday that is a business day series of 

options on that class that expire at the close of 

business on each of the next five Fridays that are 

business days and are not Fridays in which 

standard expiration options series, Monthly 

Options Series, or Quarterly Options Series. Of 

these series of options, the Exchange may have no 

more than a total of five Short Term Option 

Expiration Dates. In addition, the Exchange may 

open for trading series of options on certain 

symbols that expire at the close of business on each 

of the next two Mondays, Tuesdays, Wednesdays, 

and Thursdays, respectively, that are business days 

beyond the current week and are not business days 

in which standard expiration options series, 

Monthly Options Series, or Quarterly Options 

Series expire (‘‘Short Term Option Daily 

Expirations’’). See Supplementary .03 to Options 4, 

Section 5. 

4The Exchange would amend the Tuesday and 

Thursday expirations for IWM in Table 1 in 

Supplementary Material .03 to Options 4, Section 

5 from ‘‘0’’ to ‘‘2’’ to permit Tuesday and Thursday 

expirations for options on IWM listed pursuant to 

the Short Term Option Series. The Exchange notes 

that Cboe Exchange, Inc. (‘‘Cboe’’) began listing 

Tuesday and Thursday expirations in the Russell 

2000 Index Weeklys® (‘‘RUTW’’) and Mini-Russell 

2000 Index Weeklys® (‘‘MRUT’’) on January 8, 

2024. 

5See Supplementary Material .03 to Options 4, 

Section 5. 

6Today, IWM may trade on Mondays and 

Wednesdays, in addition to Fridays, as is the case 

for all options series. 

7See ISE Supplementary Material .03(e) to 

Options 4, Section 5. 

8Options on SPY, iShares Core S&P 500 ETF 

(‘‘IVV’’), QQQ, IWM, and the SPDR Dow Jones 

Industrial Average ETF (‘‘DIA’’) are also subject to 

Options 4, Section 5(e) strike intervals. 

9Options 1, Section 1(a)(49) provides, ‘‘The term 

‘Short Term Option Series’ means a series in an 

option class that is approved for listing and trading 

on the Exchange in which the series is opened for 

trading on any Monday, Tuesday, Wednesday, 

Thursday or Friday that is a business day and that 

expires on the Monday, Tuesday, Wednesday, 

Thursday, or Friday of the following business week 

that is a business day, or, in the case of a series that 

is listed on a Friday and expires on a Monday, is 

listed one business week and one business day 

prior to that expiration. If a Tuesday, Wednesday, 

Thursday or Friday is not a business day, the series 

may be opened (or shall expire) on the first business 

day immediately prior to that Tuesday, Wednesday, 

Thursday or Friday. For a series listed pursuant to 

this section for Monday expiration, if a Monday is 

not a business day, the series shall expire on the 

first business day immediately following that 

Monday.’’ 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange proposes to amend the 

Short Term Option Series Program. 

The text of the proposed rule change 

is available on the Exchange’s website at 

https://listingcenter.nasdaq.com/ 

rulebook/ise/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 

Supplementary Material .03 of Options 

4, Section 5, ‘‘Series of Options 

Contracts Open for Trading.’’ The 

Exchange proposes to expand the Short 

Term Option Series program to permit 

the listing and trading of options series 

with Tuesday and Thursday expirations 

for options on iShares Russell 2000 ETF 

(IWM), specifically permitting two 

expiration dates for the proposed 

Tuesday and Thursday expirations in 

IWM. 

Currently, Table 1 in Supplementary 

Material .03 to Options 4, Section 5 

specifies each symbol that qualifies as a 

Short Term Option Daily Expiration.3

Today, Table 1 permits the listing and 

trading of Monday Short Term Option 

Daily Expirations and Wednesday Short 

Term Option Daily Expirations for IWM. 

At this time, the Exchange proposes to 

expand the Short Term Option Series 

Program to permit the listing and 

trading of no more than a total of two 

IWM Short Term Option Daily 

Expirations beyond the current week for 

each of Monday, Tuesday, Wednesday, 

and Thursday expirations at one time.4

The listing and trading of Tuesday and 

Thursday Short Term Option Daily 

Expirations would be subject to 

Supplementary Material .03 of Options 

4, Section 5. 

Today, Tuesday Short Term Option 

Daily Expirations in SPDR S&P 500 ETF 

Trust (SPY) and the INVESCO QQQ 

TrustSM, Series 1 (QQQ) may open for 

trading on any Monday or Tuesday that 

is a business day series of options on the 

symbols provided in Table 1 that expire 

at the close of business on each of the 

next two Tuesdays that are business 

days and are not business days in which 

standard expiration options series, 

Monthly Options Series, or Quarterly 

Options Series expire (‘‘Tuesday Short 

Term Option Expiration Date’’).5 Also, 

today, Thursday Short Term Option 

Daily Expirations in SPY and QQQ may 

open for trading on any Tuesday or 

Wednesday that is a business day series 

of options on the symbols provided in 

Table 1 that expire at the close of 

business on each of the next two 

Wednesdays that are business days and 

are not business days in which standard 

expiration options series, Monthly 

Options Series, or Quarterly Options 

Series expire (‘‘Wednesday Short Term 

Option Expiration Date’’). 

In the event that options on IWM 

expire on a Tuesday or Thursday and 

that Tuesday or Thursday is a business 

day in which standard expiration 

options series, Monthly Options Series, 

or Quarterly Options Series expire, the 

Exchange would skip that week’s listing 

and instead list the following week; the 

two weeks would therefore not be 

consecutive. With this proposal, the 

Exchange would be able to open for 

trading series of options on IWM that 

expire at the close of business on each 

of the next two Mondays, Tuesdays, 

Wednesdays, and Thursdays, 

respectively, that are business days 

beyond the current week and are not 

business days in which standard 

expiration options series, Monthly 

Options Series, or Quarterly Options 

Series expire.6

The interval between strike prices for 

the proposed Tuesday and Thursday 

IWM Short Term Option Daily 

Expirations will be the same as those for 

Tuesday and Thursday IWM Short Term 

Option Daily Expirations in SPY and 

QQQ, applicable to the Short Term 

Option Series Program.7 Options 4, 

Section 5(e) provides that, 

notwithstanding any other provision 

regarding the interval of strike prices of 

series of options on Exchange-Traded 

Fund Shares in Options 4, Section 5, the 

interval of strike prices on options on 

IWM will be $1 or greater.8 Further, 

Options 4, Section 5(f) provides that, 

notwithstanding Section 5(e) of Options 

4, the Exchange may open for trading 

series at $0.50 or greater strike price 

intervals where the strike price is less 

than $75 and $1.00. Specifically, the 

Tuesday and Thursday IWM Short Term 

Option Daily Expirations will have a 

$0.50 strike interval minimum. As is the 

case with other equity options series 

listed pursuant to the Short Term 

Option Series Program, the Tuesday and 

Thursday IWM Short Term Option Daily 

Expiration series will be P.M.-settled. 

Pursuant to Options 1, Section 

1(a)(49),9 with respect to the Short Term 

Option Series Program, a Tuesday or 

Thursday expiration series shall expire 

on the first business day immediately 

prior to that Tuesday or Thursday, e.g., 

Monday or Wednesday of that week, 


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Federal Register / Vol. 89, No. 42 / Friday, March 1, 2024 / Notices 15237 

10See ISE Supplementary Material .03(c) and (d) 

to Options 4, Section 5. 

11See ISE Supplementary Material .03 to Options 

4, Section 5. 

12See ISE Supplementary Material .03(b) to 

Options 4, Section 5. 

13See ISE Supplementary Material .03 to Options 

4, Section 5. 

14The Exchange sourced this information from 

The Options Clearing Corporation (‘‘OCC’’). The 

information includes time averaged data (the 

number of strikes by maturity date divided from the 

number of trading days) for all 17 options markets 

through December 8, 2023. 

respectively, if the Tuesday or Thursday 

is not a business day. 

Currently, for each option class 

eligible for participation in the Short 

Term Option Series Program, the 

Exchange is limited to opening thirty 

(30) series for each expiration date for 

the specific class.10 The thirty (30) 

series restriction does not include series 

that are open by other securities 

exchanges under their respective weekly 

rules; the Exchange may list these 

additional series that are listed by other 

options exchanges.11 This thirty (30) 

series restriction would apply to 

Tuesday and Thursday IWM Short Term 

Option Daily Expiration series as well. 

With this proposal, Tuesday and 

Thursday IWM Expirations would be 

treated the same as Tuesday and 

Thursday Expirations in SPY and QQQ. 

With respect to monthly option series, 

Short Term Option Daily Expirations 

expire in the same week in which 

monthly option series on the same class 

expire.12 Further, as is the case today 

with other Tuesday and Thursday Short 

Term Option Daily Expirations, the 

Exchange would not permit Tuesday 

and Thursday Short Term Option Daily 

Expirations to expire on a business day 

in which monthly options series or 

Quarterly Options Series expire.13

Therefore, all Short Term Option Daily 

Expirations would expire at the close of 

business on each of the next two 

Mondays, Tuesdays, Wednesdays, and 

Thursdays, respectively, that are 

business days beyond the current week 

and are not business days in which 

standard expiration options series, 

Monthly Options Series, or Quarterly 

Options Series expire. 

The Exchange does not believe that 

any market disruptions will be 

encountered with the introduction of 

P.M.-settled Tuesday and Thursday 

IWM Short Term Option Daily 

Expirations. The Exchange has the 

necessary capacity and surveillance 

programs in place to support and 

properly monitor trading in the 

proposed Tuesday and Thursday Short 

Term Option Daily Expirations. The 

Exchange currently trades P.M.-settled 

Short Term Option Series that expire 

Tuesday and Thursday for SPY and 

QQQ and has not experienced any 

market disruptions nor issues with 

capacity. Today, the Exchange has 

surveillance programs in place to 

support and properly monitor trading in 

Short Term Option Series that expire 

Tuesday and Thursday for SPY and 

QQQ. 

Impact of Proposal 

The Exchange notes that listings in 

the Short Term Option Series Program 

comprise a significant part of the 

standard listing in options markets. The 

below diagram demonstrates the 

percentage of weekly listings as 

compared to monthly, quarterly, and 

Long-Term Option Series in 2023 in the 

options industry.14 The Exchange notes 

that during this time period all options 

exchanges mitigated weekly strike 

intervals. 

Similar to SPY and QQQ, the 

Exchange would limit the number of 

Short Term Option Daily Expirations for 

IWM to two expirations for Tuesday and 

Thursday expirations while expanding 

the Short Term Option Series Program 

to permit Tuesday, and Thursday 

expirations for IWM. Expanding the 

Short Term Option Series Program to 

permit the listing of Tuesday and 

Thursday expirations in IWM will 

account for the addition of 6.77% of 


ddrumheller on DSK120RN23PROD with NOTICES1EN01MR24.029</GPH>

Number of Strikes - 2023 
15238 Federal Register / Vol. 89, No. 42 / Friday, March 1, 2024 / Notices 

15The Exchange sourced this information, which 

are estimates, from LiveVol®. The information 

includes data for all 17 options markets as of 

January 3, 2024. 16The Exchange sourced this information, which 

are estimates, from LiveVol®. The information 

includes data for all 17 options markets as of 

January 3, 2024. 

17The Exchange sourced this information, which 

are estimates, from LiveVol®. The information 

includes data for all 17 options markets as of 

January 3, 2024. 18The chart represents industry volume in terms 

of overall contracts. Weeklies comprise 48.30% of 

volume while only comprising 17.22% of the 

strikes. The Exchange sourced this information 

from OCC. The information includes data for all 17 

options markets through December 8, 2023. 

19 15 U.S.C. 78f(b). 

20 15 U.S.C. 78f(b)(5). 

21See ISE Supplementary Material .03 at Options 

4, Section 5. 

strikes for IWM.15 With respect to the 

impact to the Short Term Option Series 

Program on IWM overall, the impact 

would be a 20% increase in strikes.16

With respect to the impact to the Short 

Term Options Series Program overall, 

the impact would be a 0.1% increase in 

strikes.17

Members will continue to be able to 

expand hedging tools because all days 

of the week would be available to 

permit Members to tailor their 

investment and hedging needs more 

effectively in IWM. 

Weeklies comprise 48.30% of the total 

volume of options contracts.18 The 

Exchange believes that inner weeklies 

(first two weeks) represent high volume 

as compared to outer weeklies (the last 

three weeks) and would be more 

attractive to market participants. 

The introduction of IWM Tuesday 

and Thursday expirations will, among 

other things, expand hedging tools 

available to market participants and 

continue the reduction of the premium 

cost of buying protection. The Exchange 

believes that IWM Tuesday and 

Thursday expirations will allow market 

participants to purchase IWM options 

based on their timing as needed and 

allow them to tailor their investment 

and hedging needs more effectively. 

2. Statutory Basis 

The Exchange believes that its 

proposal is consistent with Section 6(b) 

of the Act,19 in general, and furthers the 

objectives of Section 6(b)(5) of the Act,20

in particular, in that it is designed to 

promote just and equitable principles of 

trade, to remove impediments to and 

perfect the mechanism of a free and 

open market and a national market 

system, and, in general to protect 

investors and the public interest. 

The Exchange believes that IWM 

Tuesday and Thursday Short Term 

Daily Expirations will allow market 

participants to purchase IWM options 

based on their timing as needed and 

allow them to tailor their investment 

and hedging needs more effectively. 

Further, the proposal to permit Tuesday 

and Thursday Short Term Daily 

Expirations for options on IWM listed 

pursuant to the Short Term Option 

Series Program, subject to the proposed 

limitation of two nearest expirations, 

would protect investors and the public 

interest by providing the investing 

public and other market participants 

more flexibility to closely tailor their 

investment and hedging decisions in 

IWM options, thus allowing them to 

better manage their risk exposure. 

In particular, the Exchange believes 

the Short Term Option Series Program 

has been successful to date and that 

Tuesday and Thursday IWM Short Term 

Daily Expirations should simply expand 

the ability of investors to hedge risk 

against market movements stemming 

from economic releases or market events 

that occur throughout the month in the 

same way that the Short Term Option 

Series Program has expanded the 

landscape of hedging. Similarly, the 

Exchange believes Tuesday and 

Thursday IWM Short Term Daily 

Expirations should create greater trading 

and hedging opportunities and provide 

customers the flexibility to tailor their 

investment objectives more effectively. 

ISE currently lists SPY and QQQ 

Tuesday and Thursday Short Term 

Daily Expirations.21

With this proposal, Tuesday and 

Thursday IWM Expirations would be 

treated similar to existing Tuesday and 

Thursday SPY and QQQ Expirations 

and would expire in the same week that 

standard monthly options expire on 


ddrumheller on DSK120RN23PROD with NOTICES1EN01MR24.030</GPH>

Total Volume - 2023 
Federal Register / Vol. 89, No. 42 / Friday, March 1, 2024 / Notices 15239 

22See ISE Supplementary Material .03(b) at 

Options 4, Section 5. 

23See ISE Supplementary Material .03 at Options 

4, Section 5 

24See ISE Supplementary Material .03 at Options 

4, Section 5. 

25 17 CFR 200.30–3(a)(12). 

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

2 15 U.S.C. 78a. 

3 17 CFR 240.19b–4. 

Fridays.22 Further, today, Tuesday and 

Thursday Short Term Option Daily 

Expirations do not expire on a business 

day in which monthly options series or 

Quarterly Options Series expire.23

Today, all Short Term Option Daily 

Expirations expire at the close of 

business on each of the next two 

Mondays, Tuesdays, Wednesdays, and 

Thursdays, respectively, that are 

business days and are not business days 

in which monthly options series or 

Quarterly Options Series expire. There 

are no material differences in the 

treatment of Tuesday and Thursday SPY 

and QQQ Short Term Daily Expirations 

as compared to the proposed Tuesday 

and Thursday IWM Short Term Daily 

Expirations. 

Finally, the Exchange represents that 

it has an adequate surveillance program 

in place to detect manipulative trading 

in the proposed Tuesday and Thursday 

IWM Short Term Daily Expirations, in 

the same way that it monitors trading in 

the current Short Term Option Series 

and trading in Tuesday and Thursday 

SPY and QQQ Expirations. The 

Exchange also represents that it has the 

necessary systems capacity to support 

the new options series. Finally, the 

Exchange does not believe that any 

market disruptions will be encountered 

with the introduction of Tuesday and 

Thursday IWM Short Term Daily 

Expirations. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change will impose 

any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. 

Similar to SPY and QQQ Tuesday and 

Thursday Expirations, the introduction 

of IWM Tuesday and Thursday Short 

Term Daily Expirations does not impose 

an undue burden on competition. The 

Exchange believes that it will, among 

other things, expand hedging tools 

available to market participants and 

continue the reduction of the premium 

cost of buying protection. The Exchange 

believes that IWM Tuesday and 

Thursday Short Term Daily Expirations 

will allow market participants to 

purchase IWM options based on their 

timing as needed and allow them to 

tailor their investment and hedging 

needs more effectively. The Exchange 

notes that Cboe began listing Tuesday 

and Thursday expirations in RUTW and 

MRUT on January 8, 2024. 

The Exchange does not believe the 

proposal will impose any burden on 

inter-market competition, as nothing 

prevents other options exchanges from 

proposing similar rules to list and trade 

Short-Term Option Series with Tuesday 

and Thursday Short Term Daily 

Expirations. The Exchange notes that 

having Tuesday and Thursday IWM 

expirations is not a novel proposal, as 

SPY and QQQ Tuesday and Thursday 

Expirations are currently listed on ISE.24

Further, the Exchange does not 

believe the proposal will impose any 

burden on intra-market competition, as 

all market participants will be treated in 

the same manner under this proposal. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments were either 

solicited or received. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Within 45 days of the date of 

publication of this notice in the Federal 

Register or within such longer period (i) 

as the Commission may designate up to 

90 days of such date if it finds such 

longer period to be appropriate and 

publishes its reasons for so finding or 

(ii) as to which the Exchange consents, 

the Commission shall: (a) by order 

approve or disapprove such proposed 

rule change, or (b) institute proceedings 

to determine whether the proposed rule 

change should be 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 (https://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include file number SR– 

ISE–2024–06 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549–1090. 

All submissions should refer to file 

number SR–ISE–2024–06. 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 (https://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 

a.m. and 3 p.m. Copies of the filing also 

will be available for inspection and 

copying at the principal office of the 

Exchange. Do not include personal 

identifiable information in submissions; 

you should submit only information 

that you wish to make available 

publicly. We may redact in part or 

withhold entirely from publication 

submitted material that is obscene or 

subject to copyright protection. All 

submissions should refer to file number 

SR–ISE–2024–06 and should be 

submitted on or before March 22, 2024. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.25

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–04298 Filed 2–29–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–99606; File No. SR– 

NYSEARCA–2024–16] 

Self-Regulatory Organizations; NYSE 

Arca, Inc.; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Amend NYSE Arca 

Rule 1.1 

February 26, 2024. 

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

Securities Exchange Act of 1934 

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

notice is hereby given that on February 

14, 2024, NYSE Arca, Inc. (‘‘NYSE 


ddrumheller on DSK120RN23PROD with NOTICES1