Federal Register / Vol. 80, No. 19 / Thursday, January 29, 2015 / Notices 4951 

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

2 15 U.S.C. 78a. 

3 17 CFR 240.19b–4. 

Submitting Comments’’ in the 

SUPPLEMENTARY INFORMATION section of 

this document. 

FOR FURTHER INFORMATION CONTACT: 

David Stroup, Office of Nuclear 

Regulatory Research, U.S. Nuclear 

Regulatory Commission, Washington, 

DC 20555–0001, telephone: 301–251– 

7609, email: David.Stroup@nrc.gov. 

SUPPLEMENTARY INFORMATION: 

I. Obtaining Information and 

Submitting Comments 

A. Obtaining Information 

Please refer to Docket ID NRC–2014– 

0206 when contacting the NRC about 

the availability of information regarding 

this document. You may obtain 

publicly-available information related to 

this action by the following methods: 

• Federal eRulemaking Web site: Go 

to http://www.regulations.gov and 

search for Docket ID NRC–2014–0206. 

• NRC’s Agencywide Documents 

Access and Management System 

(ADAMS): You may obtain publiclyavailable documents online in the 

ADAMS Public Documents collection at 

http://www.nrc.gov/reading-rm/

adams.html. To begin the search, select 

‘‘ADAMS Public Documents’’ and then 

select ‘‘Begin Web-based ADAMS 

Search.’’ For problems with ADAMS, 

please contact the NRC’s Public 

Document Room (PDR) reference staff at 

1–800–397–4209, 301–415–4737, or by 

email to pdr.resource@nrc.gov. The 

ADAMS accession number for each 

document referenced (if it is available in 

ADAMS) is provided the first time that 

a document is referenced. Draft 

NUREG–1824 (EPRI 3002002182), 

‘‘Verification and Validation of Selected 

Fire Models for Nuclear Power Plant 

Applications, Supplement 1’’ is 

available in ADAMS under Accession 

No. ML14338A237. 

• NRC’s PDR: You may examine and 

purchase copies of public documents at 

the NRC’s PDR, Room O1–F21, One 

White Flint North, 11555 Rockville 

Pike, Rockville, Maryland 20852. 

B. Submitting Comments 

Please include Docket ID NRC–2014– 

0206 in the subject line of your 

comment submission, in order to ensure 

that the NRC is able to make your 

comment submission available to the 

public in this docket. 

The NRC cautions you not to include 

identifying or contact information that 

you do not want to be publicly 

disclosed in your comment submission. 

The NRC posts all comment 

submissions at http://

www.regulations.gov as well as entering 

the comment submissions into ADAMS. 

The NRC does not routinely edit 

comment submissions to remove 

identifying or contact information. 

If you are requesting or aggregating 

comments from other persons for 

submission to the NRC, then you should 

inform those persons not to include 

identifying or contact information that 

they do not want to be publicly 

disclosed in their comment submission. 

Your request should state that the NRC 

does not routinely edit comment 

submissions to remove such information 

before making the comment 

submissions available to the public or 

entering the comment submissions into 

ADAMS. 

II. Further Information 

In 2007, the NRC’s Office of Nuclear 

Regulatory Research and the Electric 

Power Research Institute (EPRI) under a 

joint Memorandum of Understanding, 

together with the National Institute of 

Standards and Technology, conducted a 

research project to verify and validate 

five fire models that have been used for 

nuclear power plant applications. The 

results of that effort were documented 

in a seven-volume report, NUREG–1824 

(EPRI 1011999), Verification & 

Validation of Selected Fire Models for 

Nuclear Power Plant Applications. 

Technical review of fire models is 

necessary to ensure that analysts can 

judge the adequacy of the scientific and 

technical basis for the models, select 

models appropriate for a desired use, 

and understand the levels of confidence 

that can be placed in the results 

predicted by the models. The work was 

performed using state of the art fire 

dynamics calculation methods/models 

and the most applicable fire test data. 

The NUREG–1824 (EPRI 3002002182), 

Verification & Validation of Selected 

Fire Models for Nuclear Power Plant 

Applications, Supplement 1, expands 

on the previous verification and 

validation effort and evaluates the latest 

versions of the five fire models 

including additional test data for 

validation of the models. As with the 

previous effort, the results are reported 

in the form of ranges of accuracies for 

the fire model predictions and, the 

project was performed in accordance 

with the guidelines that the American 

Society for Testing and Materials 

(ASTM) set forth in ASTM E 1355–12, 

Standard Guide for Evaluating the 

Predictive Capability of Deterministic 

Fire Models (2012). 

Dated at Rockville, Maryland, this 15th day 

of January, 2015. 

For the Nuclear Regulatory Commission. 

Mark H. Salley, 

Chief, Fire Research Branch Division of Risk 

Analysis, Office of Nuclear Regulatory 

Research. 

[FR Doc. 2015–01708 Filed 1–28–15; 8:45 am] 

BILLING CODE 7590–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–74128; File No. SR–NYSE– 

2015–03] 

Self-Regulatory Organizations; New 

York Stock Exchange LLC; Notice of 

Filing and Immediate Effectiveness of 

Proposed Rule Change Establishing 

the NYSE Integrated Feed Data Feed 

January 23, 2015. 

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

Securities Exchange Act of 1934 (the 

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

notice is hereby given that on January 

21, 2015, New York Stock Exchange 

LLC (‘‘NYSE’’ or the ‘‘Exchange’’) filed 

with the Securities and Exchange 

Commission (the ‘‘Commission’’) the 

proposed rule change as described in 

Items I and II below, which Items have 

been prepared by the self-regulatory 

organization. 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 establish 

the NYSE Integrated Feed (‘‘NYSE 

Integrated Feed’’) data feed. The text of 

the proposed rule change is available on 

the Exchange’s Web site at 

www.nyse.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 

self-regulatory organization 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 those 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 parts of such 

statements. 

mstockstill on DSK4VPTVN1PROD with NOTICES

4952 Federal Register / Vol. 80, No. 19 / Thursday, January 29, 2015 / Notices 

4See Securities Exchange Act Release Nos. 44962 

(Oct. 15, 2001), 66 FR 554562 (Oct. 29, 2001) (SR– 

NYSE–2001–42); 54594 (Oct. 6, 2006), 71 FR 61819 

(Oct. 19, 2006) (SR–NYSE–2006–81); 56384 (Aug. 

30, 2007), 72 FR 53271 (SR–NYSE–2007–80). 

5See Securities Exchange Act Release Nos. 59290 

(Jan. 23, 2009), 74 FR 5707 (Jan. 30, 2009) (SR– 

NYSE–2009–05); 59606 (Mar. 19, 2009), 74 FR 

13293 (Mar. 26, 2009) (SR–NYSE–2009–04). 

6See Securities Exchange Act Release Nos. 59543 

(March 9, 2009), 74 FR 11159 (March 16, 2009) (SR– 

NYSE–2008–132); 60153 (June 19, 2009), 74 FR 

30656 (June 26, 2009) (SR–NYSE–2009–49). 

7Neither this filing nor the later filing 

establishing fees for the NYSE Integrated Feed will 

have any effect on the filings for NYSE Openbook, 

NYSE Trades, or NYSE Order Imbalances. 

8 15 U.S.C. 78f(b). 

9 15 U.S.C. 78f(b)(5). 

10See Securities Exchange Act Release No. 51808 

(June 9, 2005), 70 FR 37496 (June 29, 2005) 

(‘‘Regulation NMS Adopting Release’’). 

11 15 U.S.C. 78f(b)(8). 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and the 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The Exchange proposes to establish 

the NYSE Integrated Feed. The NYSE 

Integrated Feed would provide real-time 

market data in a unified view of events, 

in sequence, as they appear on the 

NYSE matching engines. The NYSE 

Integrated Feed would include depth of 

book order data, last sale data, and 

opening and closing imbalance data. 

The NYSE Integrated Feed would also 

include security status updates (e.g., 

trade corrections and trading halts) and 

stock summary messages. The stock 

summary message updates every minute 

and includes NYSE’s opening price, 

high price, low price, closing price, and 

cumulative volume for the security. The 

NYSE Integrated Feed would include 

information currently available from 

three existing NYSE real-time market 

data feeds: NYSE OpenBook,4 which 

provides a compilation of all limit 

orders resident in the NYSE limit order 

book; NYSE Trades,5 which provides 

NYSE last sale information on a realtime basis; and NYSE Order 

Imbalances,6 which publishes order 

imbalance information prior to the 

opening and closing of trading.7

The Exchange proposes to offer the 

NYSE Integrated Feed through the 

Exchange’s Liquidity Center Network 

(‘‘LCN’’), a local area network in the 

Exchange’s Mahwah, New Jersey data 

center that is available to users of the 

Exchange’s co-location services. The 

Exchange also would offer the NYSE 

Integrated Feed through the Exchange’s 

Secure Financial Transaction 

Infrastructure (‘‘SFTI’’) network, 

through which all other users and 

member organizations access the 

Exchange’s trading and execution 

systems and other proprietary market 

data products. 

Offering an integrated product 

addresses requests received from 

vendors and subscribers that would like 

to receive the data described above in an 

integrated fashion. An integrated data 

feed would provide greater efficiencies 

and reduce errors for vendors and 

subscribers that currently choose to 

integrate the data after receiving it from 

the Exchange. The Exchange believes 

that providing vendors and subscribers 

with the option of a market data product 

that both integrates existing products 

and includes additional market data 

would allow vendors and subscribers to 

choose the best solution for their 

specific businesses. 

The Exchange will file a separate rule 

filing to establish the fees for the NYSE 

Integrated Feed and will announce the 

date that the NYSE Integrated Feed will 

be available through an NYSE Market 

Data Notice. 

2. Statutory Basis 

The Exchange believes that the 

proposed rule change is consistent with 

Section 6(b) 8 of the Act, in general, and 

furthers the objectives of Section 

6(b)(5) 9 of the Act, in particular, in that 

it is designed to prevent fraudulent and 

manipulative acts and practices, to 

promote just and equitable principles of 

trade, to foster cooperation and 

coordination with persons engaged in 

facilitating transactions in securities, 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, and it is not designed to 

permit unfair discrimination among 

customers, brokers, or dealers. This 

proposal is in keeping with those 

principles in that it promotes increased 

transparency through the dissemination 

of the NYSE Integrated Feed to those 

interested in receiving it. 

The Exchange also believes this 

proposal is consistent with Section 

6(b)(5) of the Act because it protects 

investors and the public interest and 

promotes just and equitable principles 

of trade by providing investors with 

new options for receiving market data as 

requested by market data vendors and 

purchasers. The proposed rule change 

would benefit investors by facilitating 

their prompt access to the real-time 

information contained in the NYSE 

Integrated Feed. 

In adopting Regulation NMS, the 

Commission granted self-regulatory 

organizations (‘‘SROs’’) and broker 

dealers increased authority and 

flexibility to offer new and unique 

market data to consumers of such data. 

It was believed that this authority would 

expand the amount of data available to 

users and consumers of such data and 

also spur innovation and competition 

for the provision of market data. The 

Exchange believes that the NYSE 

Integrated Feed is precisely the sort of 

market data product that the 

Commission envisioned when it 

adopted Regulation NMS. The 

Commission concluded that Regulation 

NMS would itself further the Act’s goals 

of facilitating efficiency and 

competition: 

Efficiency is promoted when brokerdealers who do not need the data beyond the 

prices, sizes, market center identifications of 

the NBBO and consolidated last sale 

information are not required to receive (and 

pay for) such data. The Commission also 

believes that efficiency is promoted when 

broker-dealers may choose to receive (and 

pay for) additional market data based on their 

own internal analysis of the need for such 

data.10

The Exchange further notes that the 

existence of alternatives to the 

Exchange’s product, including real-time 

consolidated data, free delayed 

consolidated data, and proprietary data 

from other sources, as well as the 

continued availability of the Exchange’s 

separate data feeds, ensures that the 

Exchange is not unreasonably 

discriminatory because vendors and 

subscribers can elect these alternatives 

as their individual business cases 

warrant. 

The NYSE Integrated Feed will help 

to protect a free and open market by 

providing additional data to the 

marketplace and by giving investors 

greater choices. In addition, the 

proposal would not permit unfair 

discrimination because the product will 

be available to all of the Exchange’s 

customers and broker-dealers through 

both the LCN and SFTI. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

In accordance with Section 6(b)(8) of 

the Act,11 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. 

Because other exchanges already offer 

similar products, the Exchange’s 

proposed NYSE Integrated Feed will 

enhance competition. The NYSE 

Integrated Feed will foster competition 

by providing an alternative to similar 

products offered by other exchanges, 

including the NYSE Arca Integrated 

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Federal Register / Vol. 80, No. 19 / Thursday, January 29, 2015 / Notices 4953 

12See NYSE Arca Integrated Feed, http://

www.nyxdata.com/page/1084 (last visited January 

5, 2015)(data feed that provides a unified view of 

events, in sequence as they appear on the NYSE 

Arca matching engine, including depth of book, 

trades, order imbalance data, and security status 

messages). 

13See Nasdaq TotalView–ITCH, http://

www.nasdaqtrader.com/Trader.aspx?id=Totalview2 

(last visited January 5, 2015)(displays the full order 

book depth for Nasdaq market participants and also 

disseminates the Net Order Imbalance Indicator 

(NOII) for the Nasdaq Opening and Closing Crosses 

and Nasdaq IPO/Halt Cross). 

14See BATS Multicast PITCH, http://

www.batstrading.com/market_data/products/ (last 

visited January 5, 2015)(real-time depth of book 

quotations and execution information). 

15See Regulation NMS Adopting Release, supra, 

at 37503. 

16 15 U.S.C. 78s(b)(3)(A)(iii). 

17 17 CFR 240.19b–4(f)(6). 

18The Exchange has satisfied this requirement. 19 15 U.S.C. 78s(b)(2)(B). 

20 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 73736 

(December 4, 2014), 79 FR 73354. 

4 15 U.S.C. 78s(b)(2). 

Feed,12 offered by the Exchange’s 

affiliate, NYSE Arca, Inc. (‘‘NYSE 

Arca’’), Nasdaq TotalView–Itch,13

offered by The Nasdaq Stock Market, 

Inc., and BATS Multicast Pitch,14

offered by BATS Global Markets. This 

proposed new data feed provides 

investors with new options for receiving 

market data, which was a primary goal 

of the market data amendments adopted 

by Regulation NMS.15

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 16 and Rule 

19b–4(f)(6) thereunder.17 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, 

provided that the self-regulatory 

organization has given 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,18 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. 

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) 19 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 (http://www.sec.gov/

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include File Number SR– 

NYSE–2015–03 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Brent J. Fields, Secretary, Securities 

and Exchange Commission, 100 F Street 

NE., Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–NYSE–2015–03. 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 Web site (http://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 Web site viewing and 

printing in the Commission’s Public 

Reference Section, 100 F Street NE., 

Washington, DC 20549–1090, on official 

business days between the hours of 

10:00 a.m. and 3:00 p.m. Copies of the 

filing will also be available for Web site 

viewing and printing at the NYSE’s 

principal office and on its Internet Web 

site at www.nyse.com. All comments 

received will be posted without change; 

the Commission does not edit personal 

identifying information from 

submissions. You should submit only 

information that you wish to make 

available publicly. All submissions 

should refer to File Number SR–NYSE– 

2015–03 and should be submitted on or 

before February 19, 2015. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.20

Brent J. Fields, 

Secretary. 

[FR Doc. 2015–01647 Filed 1–28–15; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–74126; File No. SR–ISE– 

2014–24] 

Self-Regulatory Organizations; 

International Securities Exchange, 

LLC; Notice of Designation of Longer 

Period for Commission Action on 

Proposed Rule Change To Modify the 

Opening Process 

January 23, 2015. 

On November 19, 2014, International 

Securities Exchange, LLC (‘‘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 modify the manner in which 

the Exchange’s trading system opens 

trading at the beginning of the day and 

after trading halts and to codify certain 

existing functionality within the trading 

system regarding opening and reopening 

of options classes traded on the 

Exchange. The proposed rule change 

was published for comment in the 

Federal Register on December 10, 

2014.3 The Commission has received no 

comment letters on the proposal. 

Section 19(b)(2) of the Act 4 provides 

that within 45 days of the publication of 

notice of the filing of a proposed rule 

change, or within such longer period up 

to 90 days as the Commission may 

designate if it finds such longer period 

to be appropriate and publishes its 

reasons for so finding or as to which the 

self-regulatory organization consents, 

the Commission shall either approve the 

mstockstill on DSK4VPTVN1PROD with NOTICES