Federal Register / Vol. 80, No. 31 / Tuesday, February 17, 2015 / Notices 8375 

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

2 17 CFR 240.19b–4. 

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

4 17 CFR 240.19b–4(f)(2). 

5The term ‘‘Member’’ is defined as ‘‘any 

registered broker or dealer, or any person associated 

with a registered broker or dealer, that has been 

admitted to membership in the Exchange. A 

Member will have the status of a ‘‘member’’ of the 

Exchange as that term is defined in Section 3(a)(3) 

of the Act.’’ See Exchange Rule 1.5(n). 

and will be open to the public. The 

meeting will be webcast on the 

Commission’s Web site at www.sec.gov. 

Persons needing special 

accommodations to take part because of 

a disability should notify the contact 

person listed below. The public is 

invited to submit written statements to 

the Committee. The agenda for the 

meeting includes matters relating to 

rules and regulations affecting small and 

emerging companies under the federal 

securities laws. 

DATES: The public meeting will be held 

on Wednesday, March 4, 2015. Written 

statements should be received on or 

before March 2, 2015. 

ADDRESSES: The meeting will be held at 

the Commission’s headquarters, 100 F 

Street NE., Washington, DC. Written 

statements may be submitted by any of 

the following methods: 

Electronic Statements 

• Use the Commission’s Internet 

submission form (http://www.sec.gov/

spotlight/acsec-spotlight.shtml ); or 

• Send an email message to rulecomments@sec.gov. Please include File 

Number 265–27 on the subject line; or 

Paper Statements 

• Send paper statements in triplicate 

to Brent J. Fields, Federal Advisory 

Committee Management Officer, 

Securities and Exchange Commission, 

100 F Street NE., Washington, DC 

20549–1090. 

All submissions should refer to File No. 

265–27. This file number should be 

included on the subject line if email is 

used. To help us process and review 

your statement more efficiently, please 

use only one method. The Commission 

will post all statements on the Advisory 

Committee’s Web site (http://

www.sec.gov/spotlight/acsecspotlight.shtml). 

Statements also will be available for 

Web site viewing and printing in the 

Commission’s Public Reference Room, 

100 F Street NE., Room 1580, 

Washington, DC 20549, on official 

business days between the hours of 

10:00 a.m. and 3:00 p.m. All statements 

received will be posted without change; 

we do not edit personal identifying 

information from submissions. You 

should submit only information that 

you wish to make available publicly. 

FOR FURTHER INFORMATION CONTACT: Julie 

Z. Davis, Senior Special Counsel, at 

(202) 551–3460, Office of Small 

Business Policy, Division of Corporation 

Finance, Securities and Exchange 

Commission, 100 F Street NE., 

Washington, DC 20549–3628. 

SUPPLEMENTARY INFORMATION: In 

accordance with Section 10(a) of the 

Federal Advisory Committee Act, 5 

U.S.C.-App. 1, and the regulations 

thereunder, Keith Higgins, Designated 

Federal Officer of the Committee, has 

ordered publication of this notice. 

Dated: February 11, 2015. 

Brent J. Fields, 

Committee Management Officer. 

[FR Doc. 2015–03221 Filed 2–13–15; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meeting. 

Notice is hereby given, pursuant to 

the provisions of the Government in the 

Sunshine Act, Public Law 94–409, that 

the Securities and Exchange 

Commission will hold a proxy voting 

roundtable on February 19, 2015 from 

9:30 a.m. to 1:00 p.m. 

The roundtable will focus on 

universal proxy ballots and retail 

participation in the proxy process. 

Roundtable panelists will be invited to 

discuss the state of contested director 

elections and whether changes should 

be made to the federal proxy rules to 

facilitate the use of universal proxy 

ballots by management and proxy 

contestants. Roundtable panelists also 

will be asked to discuss strategies for 

increasing retail shareholder 

participation in the proxy process, 

including how technology might affect 

retail participation. 

The roundtable discussion will be 

held at SEC headquarters at 100 F Street 

NE., in Washington, DC. The roundtable 

will be webcast on the Commission’s 

Web site at www.sec.gov and will be 

archived for later viewing. Seating for 

the public will be available. 

FOR FURTHER INFORMATION, PLEASE

CONTACT: The Office of the Secretary at 

(202) 551–5400. 

Dated: February 11, 2015. 

Brent J. Fields, 

Secretary. 

[FR Doc. 2015–03250 Filed 2–12–15; 11:15 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–74236; File No. SR–EDGX– 

2015–07] 

Self-Regulatory Organizations; EDGX 

Exchange, Inc.; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change Related to Fees for Use 

of the Exchange 

February 10, 2015. 

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

Securities Exchange Act of 1934 (the 

‘‘Act’’),1 and Rule 19b–4 thereunder,2

notice is hereby given that on January 

30, 2015, EDGX Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘EDGX’’) filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Items I, II and III 

below, which Items have been prepared 

by the Exchange. The Exchange has 

designated the proposed rule change as 

one establishing or changing a member 

due, fee, or other charge imposed by the 

Exchange under Section 19(b)(3)(A)(ii) 

of the Act 3 and Rule 19b–4(f)(2) 

thereunder,4 which renders the 

proposed rule change effective upon 

filing with the Commission. 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 filed a proposal to 

amend its fees and rebates applicable to 

Members 5 of the Exchange pursuant to 

EDGX Rule 15.1(a) and (c) (‘‘Fee 

Schedule’’) to: (i) Amend the definitions 

of ADV and TCV to remove a provision 

to exclude shares on each day from 

January 12, 2015 up to and including 

January 16, 2015; (ii) update the 

description of fee code D to include 

routing using the RDOT routing strategy; 

(iii) delete fee codes M and U, which 

route to LavaFlow; and (iv) make a 

number of non-substantive and 

organizational amendments. 

The text of the proposed rule change 

is available at the Exchange’s Web site 

at www.batstrading.com, at the 

principal office of the Exchange, and at 

the Commission’s Public Reference 

Room. 


tkelley on DSK3SPTVN1PROD with NOTICES
8376 Federal Register / Vol. 80, No. 31 / Tuesday, February 17, 2015 / Notices 

6See Securities Exchange Act Release No. 71449 

(January 30, 2014), 79 FR 6961 (February 5, 2014) 

(SR–EDGX–2013–43; SR–EDGA–2013–34). 

7As provided in the Fee Schedule, ‘‘ADV’’ is 

currently defined as ‘‘average daily volume 

calculated as the number of shares added to, 

removed from, or routed by, the Exchange, or any 

combination or subset thereof, per day. ADV is 

calculated on a monthly basis.’’ 

8As provided in the Fee Schedule, ‘‘TCV’’ is 

currently defined as ‘‘total consolidated volume 

calculated as the volume reported by all exchanges 

and trade reporting facilities to a consolidated 

transaction reporting plan for the month for which 

the fees apply.’’ 9See Securities Exchange Act Release Nos. 74025 

(January 9, 2015), 80 FR 2154 (January 15, 2015) 

(SR–EDGA–2014–36); and 74021 [sic] (January 9, 

2015), 80 FR 2142 (January 15, 2015) (SR–EDGX– 

2014–37). 

10The term ‘‘System’’ is defined as ‘‘the 

electronic communications and trading facility 

designated by the Board through which securities 

orders of Users are consolidated for ranking, 

execution and, when applicable, routing away.’’ 

11The term ‘‘System routing table’’ refers to ‘‘the 

proprietary process for determining the specific 

trading venues to which the System routes orders 

and the order in which it routes them.’’ See 

Exchange Rule 11.11(g). 

12See Exchange Rule 11.11(g)(5). 

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 parts of such 

statements. 

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: (i) Amend 

the definitions of ADV and TCV to 

remove a provision to exclude shares on 

each day from January 12, 2015 up to 

and including January 16, 2015; (ii) 

update the description of fee code D to 

include routing using the RDOT routing 

strategy; (iii) delete fee codes M and U, 

which route to LavaFlow; and (iv) make 

a number of non-substantive and 

organizational amendments. 

ADV and TCV Definitions 

Earlier this year, the Exchange and its 

affiliate, EDGX Exchange, Inc. (‘‘EDGX’’) 

received approval to effect a merger (the 

‘‘Merger’’) of the Exchange’s parent 

company, Direct Edge Holdings LLC, 

with BATS Global Markets, Inc., the 

parent of BATS (together with BATS, 

EDGA and EDGX, the ‘‘BGM Affiliated 

Exchanges’’).6 In the context of the 

Merger, the BGM Affiliated Exchanges 

worked to migrate EDGX and EDGA 

onto the BATS technology platform, and 

align certain system functionality, 

retaining only intended differences 

between the BGM Affiliated Exchanges. 

The migration of EDGX and EDGA onto 

the BATS technology platform occurred 

during the week of January 12, 2015. 

Currently, the Exchange determines 

the tiered pricing that it will provide to 

Members according to the Exchange’s 

tiered pricing structure, which is based 

on the calculation of ADV 7 and/or 

average daily TCV.8 The Exchange 

currently excludes from its calculation 

of ADV and TCV those shares traded on 

each day from January 12, 2015 up to 

and including January 16, 2015 in order 

to avoid penalizing Members that, 

because of the technology migration that 

occurred during the week of January 12, 

2015, did not participate on the 

Exchange during that week to the extent 

that they might have otherwise 

participated.9 As described above, such 

exclusion only applied to tier 

calculations in January, meaning that 

the language has no effect moving 

forward. As such, the Exchange 

proposes to remove the provisions from 

the definitions of ADV and TCV that 

exclude trading activity that occurred 

on each day from January 12, 2015 up 

to and including January 16, 2015 as the 

exclusion period has passed and these 

provisions are no longer necessary. 

Fee Code D 

Currently, fee code D is appended to 

orders routed to the NYSE. Orders 

yielding fee code D are charged a fee of 

$0.0027 per share in securities priced at 

or above $1 and 0.30% of the dollar 

value of the trade in securities priced 

below $1. The Exchange proposes to 

amend the description of fee code D to 

include routing using the RDOT routing 

strategy, in addition to orders routed to 

the NYSE. RDOT is a routing option 

under which an order checks the 

System 10 for available shares and then 

is sent to destinations on the System 

routing table,11 which may include nonexchange destinations. If shares remain 

unexecuted after routing, they are sent 

to the New York Stock Exchange, Inc. 

(‘‘NYSE’’) and can be re-routed by the 

NYSE. Any remainder will be posted to 

the NYSE, unless otherwise instructed 

by the User.12 Historically, fee code D is 

appended by the System to orders 

routed using the RDOT routing strategy 

that are executed on a destination on the 

System routing table prior to reaching 

the NYSE as well as to those RDOT 

orders that remove liquidity from the 

NYSE. Therefore, the Exchange 

proposes to update the description of 

fee code D to make clear that it also 

includes orders routed using the RDOT 

routing strategy. The Exchange notes 

that fee code F is and will remain 

appended to orders routed using the 

RDOT routing strategy that add liquidity 

to NYSE. 

Fee Codes M and U 

The Exchange proposes to amend its 

Fee Schedule to delete fee code M, 

which routes to LavaFlow and adds 

liquidity, as well as fee code U, which 

routes to LavaFlow. These changes are 

being proposed in response to 

LavaFlow’s announcement that it will 

cease market operations and its last day 

of trading will be Friday, January 30, 

2015. For orders yielding fee code M, 

the Exchange currently provides a 

rebate of $0.0024 per share in securities 

priced at or above $1.00 and no rebate 

in securities priced below $1.00. For 

orders yielding fee code U, the 

Exchange currently charges a fee of 

$0.0028 per share in securities priced at 

or above $1.00 and no fee in securities 

priced below $1.00. The rates for orders 

that yield fee codes M or U represent a 

pass through of the rate that BATS 

Trading, the Exchange’s affiliated 

routing broker-dealer, is subject to for 

routing orders to LavaFlow. As of 

February 2, 2015, the Exchange, via 

BATS Trading, will no longer be able to 

route orders to LavaFlow because it 

ceased operations, and, therefore, 

proposes to delete fee codes M and U. 

Non-Substantive and Organizational 

Changes to Fee Code and Associated 

Fees 

The Exchange also proposes to make 

two non-substantive and organizational 

changes to its Fee Schedule to provide 

greater clarity to Members on how the 

Exchange assesses fees and calculates 

rebates. The Exchange proposes to 

reorder the fee codes under the section 

entitled, Fee Codes and Associated Fees, 

as well as indicate the amount of the 

fees and rebates as five decimal points, 

rather than four decimal points, by 

adding a zero to the end of each fee and 

rebate, to reflect the order pricing format 

on the Exchange’s Web site. The 

Exchange notes that none of these 

changes amend any fee or rebate, nor do 

they alter the manner in which it 

assesses fees or calculates rebates. 


tkelley on DSK3SPTVN1PROD with NOTICES
Federal Register / Vol. 80, No. 31 / Tuesday, February 17, 2015 / Notices 8377 

13 15 U.S.C. 78f. 

14 15 U.S.C. 78f(b)(4). 

Implementation Date 

The Exchange proposes to implement 

these amendments to its Fee Schedule 

on February 2, 2015. 

2. Statutory Basis 

The Exchange believes that the 

proposed rule change is consistent with 

the objectives of Section 6 of the Act,13

in general, and furthers the objectives of 

Section 6(b)(4),14 in particular, as it is 

designed to provide for the equitable 

allocation of reasonable dues, fees and 

other charges among its Members and 

other persons using its facilities. The 

Exchange also notes that it operates in 

a highly-competitive market in which 

market participants can readily direct 

order flow to competing venues if they 

deem fee levels at a particular venue to 

be excessive. The proposed rule change 

reflects a competitive pricing structure 

designed to incent market participants 

to direct their order flow to the 

Exchange. The Exchange believes that 

the proposed rates are equitable and 

non-discriminatory in that they apply 

uniformly to all Members. The 

Exchange believes the fees and credits 

remain competitive with those charged 

by other venues and therefore continue 

to be reasonable and equitably allocated 

to Members. 

ADV and TCV Definitions 

The Exchange believes that its 

proposed amendments to the definitions 

of ADV and TCV to remove a provision 

to exclude shares during the week the 

Exchange is migrated onto BATS 

technology is reasonable because, as 

explained above, it is no longer 

necessary as the exclusion period has 

passed. The Exchange is not proposing 

to amend the thresholds a Member must 

achieve to become eligible for, or the 

dollar value associated with, the tiered 

rebates or fees. The initial proposal to 

exclude these trading days from the 

calculation of ADV and TCV was 

designed to provide Members additional 

time to monitor the migration of the 

Exchange onto BATS technology. In 

addition, the Exchange believes that the 

proposed changes to its Fee Schedule 

are equitably allocated among Exchange 

constituents and not unfairly 

discriminatory as the methodology for 

calculating ADV and TCV will apply 

equally to all Members. 

Fee Code D 

The Exchange believes that its 

proposal to update fee code D to also 

include order routed using the RDOT 

routing strategy represents an equitable 

allocation of reasonable dues, fees, and 

other charges among Members and other 

persons using its facilities. Historically, 

fee code D has been appended by the 

System to orders routed using the RDOT 

routing strategy that are executed on a 

destination on the System routing table 

prior to reaching the NYSE as well as to 

orders that that remove liquidity from 

NYSE. Therefore, the Exchange believes 

that updating fee code to specifically 

state that fee code D is appended to 

orders using the RDOT routing strategy 

would benefit Members by providing 

clear guidance in its Fee Schedule 

regarding which orders fee code D 

would be appended to. In addition, the 

Exchange believes that the proposed 

change to its Fee Schedule is equitably 

allocated among Exchange constituents 

and not unfairly discriminatory as the 

application of fee code D will apply 

equally to all Members who use the 

RDOT routing strategy. 

Fee Codes M and U 

The Exchange believes that its 

proposal to delete fee codes M and U in 

its Fee Schedule represents an equitable 

allocation of reasonable dues, fees, and 

other charges among Members and other 

persons using its facilities. The 

proposed change is in response to 

LavaFlow’s announcement that it will 

cease market operations and its last day 

of trading will Friday, January 30, 2015. 

As of February 2, 2015, the Exchange, 

via BATS Trading, will no longer be 

able to route orders to LavaFlow and, 

therefore, proposes to remove fee codes 

M and U. The Exchange believes that 

the proposed amendments are intended 

to make the Fee Schedule clearer and 

less confusing for investors and 

eliminate potential investor confusion, 

thereby removing impediments to and 

perfecting the mechanism of a free and 

open market and a national market 

system, and, in general, protecting 

investors and the public interest. 

Non-Substantive and Organizational 

Changes to Fee Code and Associated 

Fees 

The Exchange believes that the nonsubstantive clarifying changes to its Fee 

Schedule are reasonable because they 

are designed to provide greater 

transparency to Members with regard to 

how the Exchange assesses fees and 

calculates rebates. The Exchange notes 

that none of the proposed nonsubstantive clarifying changes are 

designed to amend any fee, nor alter the 

manner in which it assesses fees or 

calculates rebates. These nonsubstantive and organizational changes 

to the Fee Schedule as intended to make 

the Fee Schedule clearer and less 

confusing for investors and eliminate 

potential investor confusion, thereby 

removing impediments to and 

perfecting the mechanism of a free and 

open market and a national market 

system, and, in general, protecting 

investors and the public interest. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange believes its proposed 

amendments to its Fee Schedule would 

not impose any burden on competition 

that is not necessary or appropriate in 

furtherance of the purposes of the Act. 

The Exchange does not believe that the 

proposed change represents a significant 

departure from previous pricing offered 

by the Exchange or pricing offered by 

the Exchange’s competitors. 

Additionally, Members may opt to 

disfavor the Exchange’s pricing if they 

believe that alternatives offer them 

better value. Accordingly, the Exchange 

does not believe that the proposed 

change will impair the ability of 

Members or competing venues to 

maintain their competitive standing in 

the financial markets. 

ADV and TCV Definitions 

The proposal to remove a provision to 

exclude shares from January 12, 2015 up 

to and including January 16, 2015 from 

the ADV and TCV calculations would 

not affect intermarket nor intramarket 

competition because it is no longer 

necessary as the exclusion period has 

passed. 

Fee Code D 

The Exchange believes that its 

proposal to update fee code D to also 

include order routed using the RDOT 

routing strategy would not affect 

intermarket nor intramarket competition 

because this change is not designed to 

amend any fee or rebate or alter the 

manner in which the Exchange assesses 

fees for orders yielding fee code D 

amend the orders to which fee code D 

applies. It is simply proposed to update 

the description of fee code D to make 

clear that it also includes orders routed 

using the RDOT routing strategy, in 

addition to orders routed to the NYSE. 

Fee Codes M and U 

The Exchange believes that its 

proposal to delete fee codes M and U 

would not affect intermarket nor 

intramarket competition because this 

change is not designed to amend any fee 

or rebate or alter the manner in which 

the Exchange assesses fees or calculates 

rebates. It is simply proposed in 

response to LavaFlow’s announcement 

that it will cease market operations and 


tkelley on DSK3SPTVN1PROD with NOTICES
8378 Federal Register / Vol. 80, No. 31 / Tuesday, February 17, 2015 / Notices 

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

16 17 CFR 240.19b–4(f). 17 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

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

4 17 CFR 240.19b–4(f)(2). 

5The term ‘‘Member’’ is defined as ‘‘any 

registered broker or dealer, or any person associated 

with a registered broker or dealer, that has been 

admitted to membership in the Exchange. A 

Member will have the status of a ‘‘member’’ of the 

Exchange as that term is defined in Section 3(a)(3) 

of the Act.’’ See Exchange Rule 1.5(n). 

its last day of trading will be Friday, 

January 30, 2015. 

Non-Substantive and Organizational 

Changes to Fee Code and Associated 

Fees 

The Exchange believes that nonsubstantive and organizational changes 

to the Fee Schedule would not affect 

intermarket nor intramarket competition 

because none of these changes are 

designed to amend any fee or alter the 

manner in which the Exchange assesses 

fees or calculates rebates. These changes 

are intended to provide greater clarity to 

Members with regard to how the 

Exchange access fees and calculates 

rebate. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

The Exchange has not solicited, and 

does not intend to solicit, comments on 

this proposed rule change. The 

Exchange has not received any 

unsolicited written comments from 

Members or other interested parties. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The foregoing rule change has become 

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

of the Act 15 and paragraph (f) of Rule 

19b–4 thereunder.16 At any time within 

60 days of the filing of the 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. 

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– 

EDGX–2015–07 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–EDGX–2015–07. 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 Room, 100 F Street NE., 

Washington, DC 20549, on official 

business days between the hours of 

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

filing also will be available for 

inspection and copying at the principal 

office of the Exchange. 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–EDGX– 

2015–07, and should be submitted on or 

before March 10, 2015. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.17

Brent J. Fields, 

Secretary. 

[FR Doc. 2015–03076 Filed 2–13–15; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–74237; File No. SR–EDGA– 

2015–05] 

Self-Regulatory Organizations; EDGA 

Exchange, Inc.; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Amend the Fee 

Schedule To Increase the Fee for 

Orders Yielding Fee Code K 

February 10, 2015. 

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

Securities Exchange Act of 1934 (the 

‘‘Act’’),1 and Rule 19b–4 thereunder,2

notice is hereby given that on January 

28, 2015, EDGA Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘EDGA’’) filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Items I, II and III 

below, which Items have been prepared 

by the Exchange. The Exchange has 

designated the proposed rule change as 

one establishing or changing a member 

due, fee, or other charge imposed by the 

Exchange under Section 19(b)(3)(A)(ii) 

of the Act 3 and Rule 19b–4(f)(2) 

thereunder,4 which renders the 

proposed rule change effective upon 

filing with the Commission. 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 filed a proposal to 

amend its fees and rebates applicable to 

Members 5 of the Exchange pursuant to 

EDGA Rule 15.1(a) and (c) (‘‘Fee 

Schedule’’) to increase the fee for orders 

yielding fee code K, which routes to 

NASDAQ OMX PSX (‘‘PSX’’) using 

ROUC or ROUE routing strategy. 

The text of the proposed rule change 

is available at the Exchange’s Web site 

at www.batstrading.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 

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 parts of such 

statements. 


tkelley on DSK3SPTVN1PROD with NOTICES