Federal Register / Vol. 80, No. 74 / Friday, April 17, 2015 / Notices 21283 

19 15 U.S.C. 78s(b)(3)(A). 

20 17 CFR 240.19b–4(f)(6). 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. 

21 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. 

the efficiency of opening rotations with 

procedures to accommodate a process 

for addressing opening quotes, 

acceptable opening ranges, and market 

order imbalance conditions that may 

occur on the openings, as well as 

address NBBO condition scenarios 

where the Exchange’s opening trade 

might occur at an improved price rather 

than routing to an away market. The 

proposed rule change will increase 

competition on C2 by providing an 

opportunity for market participants to 

benefit from additional exposure of 

orders and participation in auctions at 

the open. Furthermore, the Exchange 

believes that exposing orders on the 

open helps facilitate transactions in 

securities and is consistent with the 

goals of a free and open market and 

national market system. 

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. The 

Exchange does not believe that the 

proposed rule change will impose any 

burden on intramarket competition that 

is not necessary or appropriate in 

furtherance of the purposes of the Act 

because the proposed change will be 

equally applied and will equally affect 

all market participants’ orders that 

qualify for the HAL function. Moreover, 

the Exchange believes that the proposed 

rule change will increase competition 

amongst exchanges and market 

participants. The proposed will expose 

allow orders to be exposed to 

meaningful price improvement 

mechanisms at the opening of trading. 

The HAL on the opening procedure will 

allow C2 TPHs to compete with quotes 

on other exchanges and step up to the 

best national prices offered before 

orders are linked away. This price 

improvement process will not only 

ensure that orders on C2 are afforded 

the best prices available, but also afford 

additional opportunities to C2 TPH to 

compete with quotes on away exchanges 

at the opening of trading. The Exchange 

believes that price improvement 

mechanisms increase competition in the 

marketplace and increase opportunities 

for orders to receive best execution at 

the Exchange. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

The Exchange neither solicited nor 

received written comments on the 

proposed rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Because the foregoing 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 for 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 19 and Rule 19b–4(f)(6)(iii) 

thereunder.20

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. If the 

Commission takes such action, the 

Commission will institute proceedings 

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– 

C2–2015–006 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–C2–2015–006. 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–C2– 

2015–006 and should be submitted on 

or before May 8, 2015. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.21

Brent J. Fields, 

Secretary. 

[FR Doc. 2015–08795 Filed 4–16–15; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–74715; File No. SR– 

NYSEArca–2015–24] 

Self-Regulatory Organizations; NYSE 

Arca, Inc.; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change Amending the NYSE Arca 

Equities Schedule of Fees and 

Charges for Exchange Services To 

Provide a Second Way To Qualify for 

the Cross-Asset Tier Credit of $0.0030 

Per Share for Orders That Provide 

Liquidity to the Exchange 

April 13, 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 March 

31, 2015, NYSE Arca, Inc. (the 


tkelley on DSK3SPTVN1PROD with NOTICES
21284 Federal Register / Vol. 80, No. 74 / Friday, April 17, 2015 / Notices 

4The Exchange proposes to use the same 

definition US CADV for purposes of the proposed 

alternative to qualifying for the Cross-Asset Tier. 

Specifically, US CADV would mean the United 

States Consolidated Average Daily Volume for 

transactions reported to the Consolidated Tape, 

excluding odd lots through January 31, 2014 (except 

for purposes of Lead Market Maker pricing), and 

excludes volume on days when the market closes 

early and on the date of the annual reconstitution 

of the Russell Investments Indexes. Transactions 

that are not reported to the Consolidated Tape are 

not included in US CADV. See Fee Schedule, 

footnote 4. 

5Retail Orders are defined in the Fee Schedule as 

orders designated as retail orders and that meet the 

requirements of Rule 7.44(a)(3), but that are not 

executed in the Retail Liquidity Program. The Retail 

Liquidity Program is a pilot program designed to 

attract additional retail order flow to the Exchange 

for NYSE Arca-listed securities and securities 

traded pursuant to unlisted trading privileges while 

also providing the potential for price improvement 

to such order flow. See Rule 7.44. See Securities 

Exchange Act Release No. 71176 (December 23, 

2013), 78 FR 79524 (December 30, 2013) (SR– 

NYSEArca-2013-107). 

6 15 U.S.C. 78f(b). 7 15 U.S.C. 78f(b)(4) and (5). 

‘‘Exchange’’ or ‘‘NYSE Arca’’) filed with 

the Securities and Exchange 

Commission (the ‘‘Commission’’) the 

proposed rule change as described in 

Items I, II, and III below, which Items 

have been prepared by the selfregulatory 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 amend the 

NYSE Arca Equities Schedule of Fees 

and Charges for Exchange Services (the 

‘‘Fee Schedule’’) to provide a second 

way to qualify for the Cross-Asset Tier 

credit of $0.0030 per share for orders 

that provide liquidity to the Exchange. 

The Exchange proposes to implement 

the fee change effective April 1, 2015. 

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. 

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 amend the 

Fee Schedule to provide a second way 

to qualify for the Cross-Asset Tier credit 

of $0.0030 per share for orders that 

provide liquidity to the Exchange. The 

Exchange proposes to implement the fee 

change effective April 1, 2015. 

Currently, ETP Holders, including 

Market Makers, qualify for the CrossAsset Tier credit of $0.0030 per share 

for orders that provide liquidity to the 

Exchange if they (1) provide liquidity of 

0.40% or more of United States 

consolidated average daily volume (‘‘US 

CADV’’) 4 per month and (2) are 

affiliated with an NYSE Arca Options 

Trading Permit (‘‘OTP’’) Holder or OTP 

Firm that provides an average daily 

volume (‘‘ADV’’) of electronic posted 

Customer executions in Penny Pilot 

issues on NYSE Arca Options 

(excluding mini options) of at least 

0.95% of total Customer equity and 

Exchange-Traded Fund (‘‘ETF’’) option 

ADV, as reported by the Options 

Clearing Corporation (‘‘OCC’’). For all 

other fees and credits, Tiered or Basic 

Rates apply based on a firm’s qualifying 

levels. 

The Exchange proposes to permit ETP 

Holders, including Market Makers, to 

alternatively qualify for the Cross-Asset 

Tier credit if they (1) provide liquidity 

of 0.30% or more of the US CADV per 

month, (2) are affiliated with an OTP 

Holder or OTP Firm that provides an 

ADV of electronic posted Customer 

executions in all issues on NYSE Arca 

Options (similarly excluding mini 

options) of at least 0.80% of total 

Customer equity and ETF option ADV 

as reported by OCC, and (3) executes an 

ADV of Retail Orders 5 that provide 

liquidity during the month that is 0.10% 

or more of the US CADV. The Exchange 

believes that the proposal would create 

an added incentive for ETP Holders to 

bring additional retail order flow to a 

public market. 

The proposed changes are not 

otherwise intended to address any other 

problem, and the Exchange is not aware 

of any significant problem that the 

affected market participants would have 

in complying with the proposed 

changes. 

2. Statutory Basis 

The Exchange believes that the 

proposed rule change is consistent with 

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

furthers the objectives of Sections 

6(b)(4) and 6(b)(5) of the Act,7 in 

particular, because it provides for the 

equitable allocation of reasonable dues, 

fees, and other charges among its 

members, issuers and other persons 

using its facilities and does not unfairly 

discriminate between customers, 

issuers, brokers or dealers. 

The Exchange believes that the 

proposal to amend the Cross-Asset Tier 

is reasonable because it provides ETP 

Holders affiliated with an NYSE Arca 

Options OTP Holder or OTP Firm with 

an additional way to qualify for the 

$0.0030 rebate. The Exchange believes 

that the proposal to utilize a lower 

requirement of an ETP Holder or Market 

Maker providing liquidity of 0.30% or 

more of US CADV, rather than 0.40% or 

more of US CADV, is reasonable 

because to qualify for the alternative an 

ETP Holder or Market Maker would also 

be required to trade Retail Orders on the 

Exchange of 0.10% or more of the US 

CADV. In addition, the Exchange 

believes that the proposed alternative’s 

requirement that an ETP Holder’s and 

Market Maker’s affiliated OTP Holder or 

OTP Firm provide an ADV of electronic 

posted Customer executions in all issues 

on NYSE Arca Options (excluding mini 

options) of at least 0.80% of total 

Customer equity and ETF option ADV 

as reported by OCC, rather than 

electronic posted Customer executions 

in Penny Pilot issues (excluding mini 

options) of at least 0.95% of total 

Customer equity and ETF option ADV, 

is reasonable because the proposed 

alternative to qualifying for the CrossAsset Tier credit also requires a Retail 

Order requirement of 0.10%. 

The Exchange believes that the 

proposal is equitable and not unfairly 

discriminatory because all ETP Holders 

would be subject to the same fee 

structure and be offered the same 

alternative to qualifying for the CrossAsset Tier credit. Moreover, the CrossAsset Tier is available for all ETP 

Holders to satisfy, except for those ETP 

Holders that are not affiliated with an 

NYSE Arca Options OTP Holder or OTP 

Firm. ETP Holders that are not affiliated 

with an NYSE Arca Options OTP Holder 

or OTP Firm are eligible for a $0.0030 

credit by other means than the CrossAsset Tier credit. Specifically, ETP 

Holders can qualify for a $0.0030 credit 

under Tier 1 (Tape A and C) or under 

the Basic Rates for Retail Orders that 

provide liquidity to the Book (Tape A, 

B and C). 

Further, the Exchange believes that 

the proposal is reasonable and would 

create an added incentive for ETP 

Holders to execute Retail Orders on the 


tkelley on DSK3SPTVN1PROD with NOTICES
Federal Register / Vol. 80, No. 74 / Friday, April 17, 2015 / Notices 21285 

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

9 15 U.S.C. 78s(b)(3)(A). 

10 17 CFR 240.19b–4(f)(2). 11 15 U.S.C. 78s(b)(2)(B). 

Exchange. The Exchange believes that 

the proposed change is equitable and 

not unfairly discriminatory because 

maintaining or increasing the 

proportion of Retail Orders in exchangelisted securities that are executed on a 

registered national securities exchange 

(rather than relying on certain available 

off-exchange execution methods) would 

contribute to investors’ confidence in 

the fairness of their transactions and 

would benefit all investors by 

deepening the Exchange’s liquidity 

pool, supporting the quality of price 

discovery, promoting market 

transparency and improving investor 

protection. 

The Exchange believes that it is 

subject to significant competitive forces, 

as described below in the Exchange’s 

statement regarding the burden on 

competition. 

For the foregoing reasons, the 

Exchange believes that the proposal is 

consistent with the Act. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

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

the Act,8 the Exchange believes that the 

proposed rule change would not impose 

any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. Instead, the 

Exchange believes that the proposal to 

add an additional way to qualify for the 

Cross-Asset Tier would encourage the 

submission of additional liquidity to a 

public exchange, thereby promoting 

price discovery and transparency and 

enhancing order execution 

opportunities for ETP Holders. The 

Exchange believes that this could 

promote competition between the 

Exchange and other execution venues, 

including those that currently offer 

similar order types and comparable 

transaction pricing, by encouraging 

additional orders to be sent to the 

Exchange for execution. 

Further, the proposal to add another 

way to qualify for the Cross-Asset Tier 

credit of $0.0030 per share for orders 

that provide liquidity to the Exchange 

will not place an undue burden on 

competition because the Cross-Asset 

Tier would be available for all ETP 

Holders to satisfy, except for those ETP 

Holders that are not affiliated with an 

NYSE Arca Options OTP Holder or OTP 

Firm. ETP Holders that are not affiliated 

with an NYSE Arca Options OTP Holder 

or OTP Firm are eligible for a $0.0030 

credit by others means than the CrossAsset Tier credit. Specifically, ETP 

Holders can qualify for a $0.0030 credit 

under Tier 1 (Tape A and C) or under 

the Basic Rates for Retail Orders that 

provide liquidity to the Book (Tape A, 

B and C). ETP Holders would be subject 

to the same fee structure and be offered 

the same alternative to qualifying for the 

Cross-Asset Tier credit. Similarly, the 

proposal to utilize a lower requirement 

of at least 0.80% of total Customer 

equity and ETF option ADV as reported 

by OCC will not place an undue burden 

on competition because it is in line with 

the increased Retail Order requirement 

of 0.10%. 

Finally, the Exchange notes that it 

operates in a highly competitive market 

in which market participants can 

readily favor competing venues if they 

deem fee levels at a particular venue to 

be excessive or rebate opportunities 

available at other venues to be more 

favorable. In such an environment, the 

Exchange must continually adjust its 

fees and rebates to remain competitive 

with other exchanges and with 

alternative trading systems that have 

been exempted from compliance with 

the statutory standards applicable to 

exchanges. Because competitors are free 

to modify their own fees and credits in 

response, and because market 

participants may readily adjust their 

order routing practices, the Exchange 

believes that the degree to which fee 

changes in this market may impose any 

burden on competition is extremely 

limited. As a result of all of these 

considerations, the Exchange does not 

believe that the proposed changes will 

impair the ability of ETP Holders or 

competing order execution venues to 

maintain their competitive standing in 

the financial markets. 

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 foregoing rule change is effective 

upon filing pursuant to Section 

19(b)(3)(A) 9 of the Act and 

subparagraph (f)(2) of Rule 19b–4 10

thereunder, because it establishes a due, 

fee, or other charge imposed by the 

Exchange. 

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) 11 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– 

NYSEArca–2015–24 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–NYSEArca–2015–24. 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 will also 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 


tkelley on DSK3SPTVN1PROD with NOTICES
21286 Federal Register / Vol. 80, No. 74 / Friday, April 17, 2015 / Notices 

12 17 CFR 200.30–3(a)(12). 

1 17 CFR 200.30–3(a)(57). 

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

2 17 CFR 240.19b–4. 

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

4 17 CFR 240.19b–4(f)(6)(iii). 

5See Securities Exchange Act Release No. 73918 

(December 23, 2014), 79 FR 78920 (December 31, 

2014) (File Nos. SR–EDGX–2014–25; SR–EDGA– 

2014–25; SR–BATS–2014–055; SR–BYX–2014–030) 

(Notice of Amendments No. 2 and Order Granting 

Accelerated Approval to Proposed Rule Changes, as 

Modified by Amendments Nos. 1 and 2, to Establish 

a New Market Data Product called the BATS One 

Feed) (‘‘BATS One Approval Order’’). 

6EDGA’s affiliated exchanges are the BATS 

Exchange, Inc. (‘‘BZX’’), the BATS Y-Exchange, Inc. 

(‘‘BYX’’), and the EDGX Exchange, Inc. (‘‘EDGX’’, 

together with EDGA, BZX, and BYX, the ‘‘BATS 

Exchanges’’). On January 31, 2014, Direct Edge 

Holdings LLC (‘‘DE Holdings’’), the former parent 

company of the Exchange and EDGX, completed its 

business combination with BATS Global Markets, 

Inc., the parent company of BATS and BYX. See 

Securities Exchange Act Release No. 71449 (January 

30, 2014), 79 FR 6961 (February 5, 2014) (SR– 

EDGX–2013–43, SR–EDGA–2013–34). Upon 

completion of the business combination, DE 

Holdings and BATS Global Markets, Inc. each 

became intermediate holding companies, held 

under a single new holding company. The new 

holding company, formerly named ‘‘BATS Global 

Markets Holdings, Inc.,’’ changed its name to 

‘‘BATS Global Markets, Inc.’’ 

7The Exchange understands that each of the 

BATS Exchanges will separately file substantially 

similar proposed rule changes with the Commission 

to implement fees for the BATS One Feed. 

identifying information from 

submissions. You should submit only 

information that you wish to make 

available publicly. All submissions 

should refer to File Number SR– 

NYSEArca–2015–24 and should be 

submitted on or before May 8, 2015. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.12

Brent J. Fields, 

Secretary. 

[FR Doc. 2015–08792 Filed 4–16–15; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–74559A; File No. SR– 

NYSEArca–2014–100] 

Self-Regulatory Organizations; NYSE 

Arca, Inc.; Notice of Designation of a 

Longer Period for Commission Action 

on Proceedings To Determine Whether 

To Approve or Disapprove a Proposed 

Rule Change, as Modified by 

Amendment No. 1 Thereto, Relating To 

Listing and Trading of Shares of the 

SPDR SSgA Global Managed Volatility 

ETF Under NYSE Arca Equities Rule 

8.600; Correction 

April 13, 2015. 

AGENCY: Securities and Exchange 

Commission. 

ACTION: Notice; correction. 

SUMMARY: The Securities and Exchange 

Commission published a document in 

the Federal Register of March 26, 2015, 

concerning a Notice of Designation of a 

Longer Period for Commission Action 

on Proceedings to Determine Whether 

To Approve or Disapprove a Proposed 

Rule Change, as Modified by 

Amendment No. 1 Thereto, Relating To 

Listing and Trading of Shares of the 

SPDR SSgA Global Managed Volatility 

ETF Under NYSE Arca Equities Rule 

8.600 by NYSE Arca, Inc.; the document 

contained an incorrect date. 

FOR FURTHER INFORMATION CONTACT: 

Leigh Duffy, Division of Trading and 

Markets, Securities and Exchange 

Commission, 100 F Street NE., 

Washington, DC 20549, (202) 551–5928. 

Correction 

In the Federal Register of March 26, 

2015, in FR Doc. 2015–06892, on page 

16047, in the thirty-first line of the third 

column, correct the date May 7, 2015 to 

read May 22, 2015. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.1

Brent J. Fields, 

Secretary. 

[FR Doc. 2015–08791 Filed 4–16–15; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–74717; File No. SR–EDGA– 

2015–17] 

Self-Regulatory Organizations; EDGA 

Exchange, Inc.; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Amend the Content of 

the BATS One Feed Under Rule 13.8(b) 

To Include Consolidated Volume for All 

Listed Equity Securities 

April 13, 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 April 1, 

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 and II 

below, which Items have been prepared 

by the Exchange. The Exchange has 

designated this proposal as a ‘‘noncontroversial’’ proposed rule change 

pursuant to Section 19(b)(3)(A) of the 

Act 3 and Rule 19b–4(f)(6)(iii) 

thereunder,4 which renders it 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 the Substance 

of the Proposed Rule Change 

The Exchange amend [sic] the content 

of the BATS One Feed under Rule 

13.8(b) to include consolidated volume 

for all listed equity securities. 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 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The Exchange proposes to amend the 

content of the BATS One Feed under 

Rule 13.8(b) to include consolidated 

volume for all listed equity securities. 

The Commission recently approved a 

proposed rule change by the Exchange 

to establish a new market data product 

called the BATS One Feed.5 The BATS 

One Feed is a data feed that 

disseminates, on a real-time basis, the 

aggregate best bid and offer (‘‘BBO’’) of 

all displayed orders for securities traded 

on EDGA and its affiliated exchanges 6

and for which the BATS Exchanges 

reports quotes under the Consolidated 

Tape Association (‘‘CTA’’) Plan or the 

Nasdaq/UTP Plan.7

The last sale information 

disseminated as part of the BATS One 

Feed includes the price, size, time of 

execution, and individual BATS 

Exchange on which the trade was 

executed. The last sale information also 

includes the cumulative number of 

shares executed on all BATS Exchanges 


tkelley on DSK3SPTVN1PROD with NOTICES