[Federal Register Volume 80, Number 50 (Monday, March 16, 2015)]
[Notices]
[Pages 13647-13650]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-05858]



[[Page 13647]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-74462; File No. SR-EDGA-2015-13]


Self-Regulatory Organizations; EDGA Exchange, Inc.; Notice of 
Filing and Immediate Effectiveness of a Proposed Rule Change Related to 
Fees for Use of EDGA Exchange, Inc.

March 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 February 26, 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.
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    \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).
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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: (i) Decrease the rebate from $0.00150 
per share to $0.00040 per share for orders that yield fee code A, which 
routes to the Nasdaq Stock Market LLC (``Nasdaq'') and adds liquidity; 
(ii) add new fee code RN, which routes to Nasdaq using the ROOC routing 
strategy and adds liquidity; (iii) add a bullet to the General Notes 
section regarding the rates that would apply when the New York Stock 
Exchange, Inc. (``NYSE'') or NYSE MKT LLC (``NYSE MKT'') declare an 
emergency condition under their Rule 49; (iv) add a new pricing tier 
called the MidPoint Discretionary Order Add Volume Tier; and (v) amend 
footnote 13 regarding how a Member's volume attributed to fee code 5 
will be allocated.
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    \5\ The 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).
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    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.

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) Decrease the rebate from $0.00150 per 
share to $0.00040 per share for orders that yield fee code A, which 
routes to Nasdaq and adds liquidity; (ii) add new fee code RN, which 
routes to Nasdaq using the ROOC routing strategy and adds liquidity; 
(iii) add a bullet to the General Notes section regarding the rates 
that would apply when the NYSE or NYSE MKT declare an emergency 
condition under their Rule 49; (iv) add a new pricing tier called the 
MidPoint Discretionary Order Add Volume Tier; and (v) amend footnote 13 
regarding how a Member's volume attributed to fee code 5 will be 
allocated.
Fee Code A
    In securities priced at or above $1.00, the Exchange currently 
provides a rebate of $0.00150 per share for Members' orders that yield 
fee code A, which routes to Nasdaq and adds liquidity. The Exchange 
proposes to amend its Fee Schedule to decrease this rebate to $0.00040 
per share for Members' orders that yield fee code A. The proposed 
change represents a pass through of the rate that BATS Trading, Inc. 
(``BATS Trading''), the Exchange's affiliated routing broker-dealer, is 
rebated for routing orders in certain symbols to Nasdaq when it does 
not qualify for a volume tiered rebate. When BATS Trading routes to 
Nasdaq, it is rebated a standard rate of $0.00040 per share for orders 
in select symbols (``Nasdaq's Select Symbol Program'').\6\ BATS Trading 
will pass through this rate on Nasdaq to the Exchange and the Exchange, 
in turn, will pass through this rate to its Members. The Exchange notes 
that the proposed change is in response to Nasdaq's January 2015 fee 
change where Nasdaq decreased the rebate it provides its customers, 
such as BATS Trading, from a rebate of $0.00150 per share to a rebate 
of $0.00040 per share for orders in symbols included in Nasdaq's Select 
Symbol Program.\7\
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    \6\ The Exchange notes that to the extent BATS Trading does or 
does not achieve any volume tiered discount on Nasdaq or routes an 
order to Nasdaq in a symbol that is not included in Nasdaq's Select 
Symbol Program to receive a rebate of $0.00040 per share, its rate 
for Flag A will not change. The Exchange further notes that, due to 
billing system limitations that do not allow for separate rates by 
tape, it will pass through the lesser rebate of $0.00040 per share 
for all Tapes A, B & C securities.
    \7\ See Securities Exchange Act Release No. 73967 (December 30, 
2014), 80 FR 594 (January 6, 2015) (SR-Nasdaq-2014-128).
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Fee Code RN
    The Exchange proposes to adopt new fee code RN, which would be 
applied to orders routed to Nasdaq using the ROOC routing strategy that 
add liquidity. Orders that yield fee code RN will receive a rebate of 
$0.00150 per share. The ROOC Routing strategy routes orders to 
participate in the opening, re-opening (following a halt, suspension, 
or pause), or closing process of a primary listing market (BATS, NYSE, 
Nasdaq, NYSE MKT, or NYSE Arca) if received before the opening/re-
opening/closing time of such market. If shares remain unexecuted after 
attempting to execute in the opening, re-opening, or closing process, 
they are either posted to the EDGA Book, executed, or routed to 
destinations on the System routing table. Proposed fee code RN 
represents a pass through of the rate that BATS Trading, the Exchange's 
affiliated routing broker-dealer, is rebated for routing orders to 
Nasdaq in Tape C securities not included in Nasdaq's Select Symbol 
Program when it does not qualify for a volume tiered rebate. When BATS 
Trading routes to Nasdaq using the ROOC routing strategy, it is rebated 
a standard rate of $0.00150 per share for Tape C securities that are 
not included in Nasdaq's Select Symbol Program.\8\

[[Page 13648]]

BATS Trading will pass through this rate on Nasdaq to the Exchange and 
the Exchange, in turn, will pass through this rate to its Members. The 
Exchange notes that fee code A above will be applied to all orders 
routed to Nasdaq not utilizing the ROOC routing strategy that add 
liquidity.
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    \8\ The Exchange notes that to the extent BATS Trading does or 
does not achieve any volume tiered discount on Nasdaq or routes an 
order to Nasdaq in a symbol that is included in Nasdaq's Select 
Symbol Program to receive a rebate of $0.00040 per share, its rate 
for Flag RN will not change. The Exchange further notes that, due to 
billing system limitations that do not allow for separate rates by 
tape, it will pass through the rebate of $0.000150 per share for all 
Tapes A, B & C securities that yield fee code RN.
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NYSE and NYSE MKT Rule 49
    The Exchange proposes to add a bullet under the General Notes 
section of the Fee Schedule to describe the rates that would apply 
where the NYSE or NYSE MKT declare an emergency condition under their 
Rule 49. Under NYSE and NYSE MKT Rule 49, the NYSE or NYSE MKT may 
invoke their emergency powers during an emergency condition and 
designate NYSE Arca, Inc. (``NYSE Arca'') as their backup facility to 
receive and process bids and offers and to execute orders on behalf of 
the NYSE or NYSE MKT. In such case, the Exchange will route any order 
that was intended to be routed to the NYSE or NYSE MKT to NYSE Arca and 
the Exchange's System will identify such trades as being executed on 
NYSE Arca, not the NYSE or NYSE MKT. Because the executions occurred on 
NYSE Arca, NYSE Arca will charge BATS Trading their applicable fee or 
rebate, and BATS Trading will pass through that fee or rebate to the 
Exchange who would, in turn, pass that rate along to its Members. 
Therefore, the Exchange proposes to add a bullet to its Fee Schedule 
stating that fee codes applicable to orders routed to NYSE Arca will be 
applied to orders routed to the NYSE or NYSE MKT where, pursuant to 
NYSE and NYSE MKT Rule 49, the NYSE or NYSE MKT have designated NYSE 
Arca as their backup facility to receive and process bids and offers 
and to execute orders on behalf of the NYSE or NYSE MKT.
MidPoint Discretionary Order Add Volume Tier
    The Exchange proposes to add a new tier to footnote 4 entitled the 
MidPoint Discretionary Order Add Volume Tier. Under the tier, a Member 
would qualify for a reduced fee of $0.0003 per share where that Member: 
(i) Adds an ADV of at least 0.25% of the TCV including non-displayed 
orders that add liquidity; and (ii) adds or removes an ADV of at least 
1,500,000 shares yielding fee codes DM or DT. Fee code DM is applied to 
Non-Displayed orders that add liquidity using MidPoint Discretionary 
orders \9\ and fee code DT is applied to Non-Displayed orders that 
remove liquidity using MidPoint Discretionary Orders. Orders that yield 
fee code DM or fee code DT are charged a fee of $0.00050 per share. The 
addition of the MidPoint Discretionary Order Add Volume Tier is 
intended to incentive Members to submit an increased number of MidPoint 
Discretionary orders to the Exchange, thereby increasing the liquidity 
on the Exchange at the midpoint of the National Best Bid or Offer 
(``NBBO'').
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    \9\ See Exchange Rule 11.8(e) for a description of MidPoint 
Discretionary orders.
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Footnote 13
    In December 2014, the Exchange added footnote 13 to state that a 
Member's monthly volume attributed to fee code 5 will be divided evenly 
between the added fee codes and removal fee codes when determining 
whether that Member satisfied a certain tier.\10\ At that time, the 
Exchange proposed to divide a Member's fee code 5 volume as such 
because the Exchange's systems could not delineate orders yielding fee 
code 5 that added from those that removed liquidity for purposes of 
determining whether a Member satisfied a certain tier.
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    \10\ See Securities Exchange Act Release No. 73781 (December 8, 
2014), 79 FR 73925 (December 12, 2014) (SR-EDGA-2014-31).
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    In January 2014, 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'').\11\ In the context of the 
Merger, the BGM Affiliated Exchanges migrated EDGX and EDGA onto the 
BATS technology platform, which was completed in January 2015. Under 
the BATS technology platform, the Exchange is now able to delineate 
orders yield fee code 5 that added from those that removed liquidity 
for purposes of determining whether a Member satisfies a certain tier. 
Therefore, the Exchange proposes to amend footnote 13 to state that a 
Member's monthly volume attributed to fee code 5 will be allocated 
accordingly between the added fee codes and removal fee codes when 
determining whether that Member satisfied a certain tier.
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    \11\ See Securities Exchange Act Release No. 71449 (January 30, 
2014), 79 FR 6961 (February 5, 2014) (SR-EDGX-2013-43; SR-EDGA-2013-
34).
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Implementation Date
    The Exchange proposes to implement these amendments to its Fee 
Schedule on March 2, 2015.
2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent 
with the objectives of Section 6 of the Act,\12\ in general, and 
furthers the objectives of Section 6(b)(4),\13\ 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.
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    \12\ 15 U.S.C. 78f.
    \13\ 15 U.S.C. 78f(b)(4).
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Fee Code A
    The Exchange believes that its proposal to decrease the pass 
through rebate for Members' orders that yield fee code A from $0.00150 
to $0.00040 per share represents an equitable allocation of reasonable 
dues, fees, and other charges among Members and other persons using its 
facilities. Prior to Nasdaq's Select Symbol Program, Nasdaq provided 
BATS Trading a rebate of $0.00150 per share for orders in yielding fee 
code A, which BATS Trading passed through to the Exchange and the 
Exchange passed through to its Members. In January 2015, Nasdaq 
decreased the standard rebate it provides its customers, such as BATS 
Trading, from a rebate of $0.00150 per share to a rebate of $0.00040 
per share for orders that are routed to Nasdaq in symbols included in 
its Select Symbol Program.\14\ Therefore, the Exchange believes that 
the proposed change in fee code A from a rebate of $0.00150 per share 
to a rebate of $0.00040 per share is equitable and reasonable because 
it accounts for the pricing changes on Nasdaq. In addition, the 
proposal allows the Exchange to continue to charge its Members a pass-
through rate for orders that are routed to Nasdaq. The Exchange further 
notes that, due to billing system limitations that do not allow for 
separate rates by security for those included in Nasdaq's Select Symbol

[[Page 13649]]

Program, it will pass through the lesser rebate of $0.00040 per share 
for all Tapes A, B & C securities routed to Nasdaq. The Exchange notes 
that routing through BATS Trading is voluntary. Lastly, the Exchange 
also believes that the proposed amendment is non-discriminatory because 
it applies uniformly to all Members.
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    \14\ See supra note 6.
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Fee Code RN
    The Exchange believes its proposal to adopt new fee code RN, which 
would be applied to orders routed to Nasdaq using the ROOC routing 
strategy that add liquidity, represents an equitable allocation of 
reasonable dues, fees, and other charges among Members and other 
persons using its facilities because the Exchange does not levy 
additional fees or offer additional rebates for orders that it routes 
to Nasdaq through BATS Trading using the ROOC routing strategy. 
Proposed fee code RN represents a pass through of the rate that BATS 
Trading, the Exchange's affiliated routing broker-dealer, is rebated 
for routing orders to Nasdaq in securities not included in Nasdaq's 
Select Symbol Program when it does not qualify for a volume tiered 
rebate. When BATS Trading routes to Nasdaq using the ROOC routing 
strategy, it is rebated a standard rate of $0.00150 per share for Tape 
C securities that are not included in Nasdaq's Select Symbol 
Program.\15\ Therefore, the Exchange believes to provide proposed fee 
code RN a rebate of $0.00150 per share is equitable and reasonable 
because it accounts for pricing on Nasdaq and allows the Exchange to 
charge its Members a pass-through rate for orders that are routed to 
Nasdaq using the ROOC routing strategy. The Exchange further notes 
that, due to billing system limitations that do not allow for separate 
rates by security for those included in Nasdaq's Select Symbol Program, 
it will pass through the rebate of $0.00150 per share for all Tapes A, 
B & C securities routed to Nasdaq yielding fee code RN. The Exchange 
notes that routing through BATS Trading is voluntary. Lastly, the 
Exchange also believes that the proposed amendment is non-
discriminatory because it applies uniformly to all Members.
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    \15\ See supra note 8.
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NYSE and NYSE MKT Rule 49
    The Exchange believes that adding a bullet under the General Notes 
section of the Fee Schedule to describe the rates that would apply 
where the NYSE or NYSE MKT declare an emergency condition under their 
Rule 49 is reasonable because it is designed to provide greater 
transparency to Members by describing which rates would apply in such 
circumstances. In the case when NYSE or NYSE MKT invoke their Rule 49, 
the Exchange will route any order that was intended for the NYSE or 
NYSE MKT to NYSE Arca and the Exchange's System will identify such 
trades as being executed on NYSE Arca, not the NYSE or NYSE MKT. 
Because the executions occurred on NYSE Arca, NYSE Arca will charge 
their applicable fee or rebate. The proposed bullet is intended to make 
clear within the Fee Schedule which rate would apply where the NYSE or 
NYSE MKT invoke their emergency powers under their Rule 49, thereby 
eliminating potential investor confusion, 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. The Exchange notes that routing through BATS Trading is 
voluntary. Lastly, the Exchange also believes that the proposed 
amendment is non-discriminatory because it applies uniformly to all 
Members.
MidPoint Discretionary Order Add Volume Tier
    The Exchange believes the proposed MidPoint Discretionary Order Add 
Volume Tier represents an equitable allocation of reasonable dues, 
fees, and other charges among Members and other persons using its 
facilities because it is designed to incentivize Members to increase 
their use of MidPoint Discretionary orders on EDGA. MidPoint 
Discretionary orders provide liquidity at the midpoint of the NBBO. The 
Exchange believes that Members utilizing MidPoint Discretionary orders 
that provide liquidity at the midpoint of the NBBO may receive the 
benefit of price improvement, and providing a decreased fee for such 
orders that meet the tier's qualifications is a reasonable means by 
which to encourage the use of such orders. In addition, the Exchange 
believes that by encouraging the use of MidPoint Discretionary orders, 
Members seeking price improvement would be more motivated to direct 
their orders to EDGA because they would have a heightened expectation 
of the availability of liquidity at the midpoint of the NBBO. The 
Exchange also believes that the proposed addition of the MidPoint 
Discretionary Order Add Volume Tier is non-discriminatory because it 
will be available to all Members.
Footnote 13
    The Exchange believes proposed footnote 13 stating that a Member's 
monthly volume attributed to fee code 5 will be allocated accordingly 
between the added fee codes and removal fee codes when determining 
whether that Member satisfied a certain tier represents an equitable 
allocation of reasonable dues, fees, and other charges. Footnote 13 
initially divided a Member's fee code 5 volume as such because fee code 
5 includes both added and removed liquidity and the Exchange's systems 
could not delineate orders yielding fee code 5 that added from those 
that removed liquidity purposes of determining whether a Member 
satisfies a certain tier. Under the BATS technology platform, the 
Exchange is now able to delineate orders yield fee code 5 that added 
from those that removed liquidity for purposes of determining whether a 
Member satisfies a certain tier. Therefore, the Exchange believes 
amending footnote 13 to state that a Member's monthly volume attributed 
to fee code 5 will be allocated accordingly between the added fee codes 
and removal fee codes is reasonable because it would provide Members an 
accurate understanding of how their orders yielding fee code 5 would be 
allocated amongst added and removed volume for purposes of determining 
whether they satisfied a certain tier. Lastly, the Exchange also 
believes that the proposed amendment is non-discriminatory because it 
applies uniformly to all Members.

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.
Fee Code A
    The Exchange believes that its proposal to pass through a rebate of 
$0.00040 per share for Members' orders

[[Page 13650]]

that yield fee code A would increase intermarket competition because it 
offers customers an alternative means to route to Nasdaq for a similar 
rate as entering orders in certain symbols on Nasdaq directly. The 
Exchange believes that its proposal would not burden intramarket 
competition because the proposed rate would apply uniformly to all 
Members.
Fee Code RN
    The Exchange believes that its proposal to add fee code RN for 
orders that route to Nasdaq using the ROOC routing strategy and pass 
through a rebate of $0.00150 per share to Members would increase 
intermarket competition because it offers customers an alternative 
means to route orders to Nasdaq to participate in their opening, re-
opening or closing process for a similar rate as entering orders in 
certain symbols on Nasdaq directly. The Exchange believes that its 
proposal would not burden intramarket competition because the proposed 
rate would apply uniformly to all Members.
NYSE and NYSE MKT Rule 49
    The Exchange believes that adding a bullet under the General Notes 
section of the Fee Schedule to describe which rates that would apply 
where the NYSE or NYSE MKT declare an emergency condition under their 
Rule 49 would not affect intermarket nor intramarket competition 
because none of these changes are designed to amend any rebate or alter 
the manner in which the Exchange calculates rebates. This change is not 
designed to have a competitive impact. Rather, it is intended to make 
clear to Members and investors within the Fee Schedule which rate would 
apply where the NYSE or NYSE MKT invoke their emergency powers under 
their Rule 49, thereby eliminating potential investor confusion.
MidPoint Discretionary Order Add Volume Tier
    The Exchange believes that its proposal to adopt a MidPoint 
Discretionary Order Add Volume Tier would increase intermarket 
competition because it would incentivize Members to send an increased 
amount MidPoint Discretionary orders to the Exchange in order to 
qualify for the tier's decreased fee. The Exchange believes that its 
proposal would neither increase nor decrease intramarket competition 
because the MidPoint Discretionary Order Add Volume Tier would apply 
uniformly to all Members and the ability of some Members to meet the 
tier would only benefit other Members by contributing to increased 
liquidity at the midpoint of the NBBO and better market quality at the 
Exchange.
Footnote 13
    The Exchange believes that amending footnote 13 to reflect current 
system functionality that orders yielding fee code 5 will be allocated 
accordingly amongst added fee codes and removal fee codes would 
increase intermarket competition because it would encourage Members to 
direct their orders to the Exchange because they would have certainty 
as to how their orders will be allocated when determining whether that 
Member qualified for a certain pricing tier. The Exchange believes that 
its proposal would neither increase nor decrease intramarket 
competition because the fee code 5 and footnote 13 would continue to 
apply uniformly to all Members.

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 \16\ and paragraph (f) of Rule 19b-4 
thereunder.\17\ 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.
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    \16\ 15 U.S.C. 78s(b)(3)(A).
    \17\ 17 CFR 240.19b-4(f).
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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

    <bullet> Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or
    <bullet> Send an email to <a href="/cdn-cgi/l/email-protection#6d1f180108400e0200000803191e2d1e080e430a021b"><span class="__cf_email__" data-cfemail="3745425b521a54585a5a525943447744525419505841">[email protected]</span></a>. Please include 
File Number SR-EDGA-2015-13 on the subject line.

Paper Comments

    <bullet> 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-EDGA-2015-13. 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-EDGA-2015-13, and should be 
submitted on or before April 6, 2015.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\18\
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    \18\ 17 CFR 200.30-3(a)(12).
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Brent J. Fields,
Secretary.
[FR Doc. 2015-05858 Filed 3-13-15; 8:45 am]
BILLING CODE 8011-01-P


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