1636 Federal Register / Vol. 83, No. 9 / Friday, January 12, 2018 / Notices 

Week of January 22, 2018—Tentative 

Tuesday, January 23, 2018 

9:00 a.m. Hearing on Construction 

Permit for Northwest Medical 

Isotopes Production Facility: 

Section 189a of the Atomic Energy 

Act Proceeding (Public Meeting); 

(Contact: Michael Balazik: 301– 

415–2856) 

This meeting will be webcast live at 

the Web address—http://www.nrc.gov/. 

Thursday, January 25, 2018 

10:00 a.m. Strategic Programmatic 

Overview of the New Reactors 

Business Line (Public Meeting); 

(Contact: Donna Williams: 301– 

415–1322). 

This meeting will be webcast live at 

the Web address—http://www.nrc.gov/. 

Week of January 29, 2018—Tentative 

There are no meetings scheduled for 

the week of January 29, 2018. 

Week of February 5, 2018—Tentative 

Thursday, February 8, 2018 

9:00 a.m. Discussion of Potential 

Changes to the 10 CFR 2.206 

Enforcement Petition Process 

(Public Meeting); (Contact: Doug 

Broaddus: 301–415–8124). 

This meeting will be webcast live at 

the Web address—http://www.nrc.gov/. 

Week of February 12, 2018—Tentative 

There are no meetings scheduled for 

the week of February 12, 2018. 

Week of February 19, 2018—Tentative 

There are no meetings scheduled for 

the week of February 19, 2018. 

* * * * * 

The schedule for Commission 

meetings is subject to change on short 

notice. For more information or to verify 

the status of meetings, contact Denise 

McGovern at 301–415–0681 or via email 

at Denise.McGovern@nrc.gov. 

* * * * * 

The NRC Commission Meeting 

Schedule can be found on the internet 

at: http://www.nrc.gov/public-involve/ 

public-meetings/schedule.html. 

* * * * * 

The NRC provides reasonable 

accommodation to individuals with 

disabilities where appropriate. If you 

need a reasonable accommodation to 

participate in these public meetings, or 

need this meeting notice or the 

transcript or other information from the 

public meetings in another format (e.g., 

braille, large print), please notify 

Kimberly Meyer-Chambers, NRC 

Disability Program Manager, at 301– 

287–0739, by videophone at 240–428– 

3217, or by email at Kimberly.MeyerChambers@nrc.gov. Determinations on 

requests for reasonable accommodation 

will be made on a case-by-case basis. 

* * * * * 

Members of the public may request to 

receive this information electronically. 

If you would like to be added to the 

distribution, please contact the Nuclear 

Regulatory Commission, Office of the 

Secretary, Washington, DC 20555 (301– 

415–1969), or email Patricia.Jimenez@

nrc.gov or Jennifer.BorgesRoman@

nrc.gov. 

Dated: January 10, 2018. 

Denise L. McGovern, 

Policy Coordinator, Office of the Secretary. 

[FR Doc. 2018–00629 Filed 1–10–18; 4:15 pm] 

BILLING CODE 7590–01–P 

NUCLEAR REGULATORY 

COMMISSION 

Advisory Committee on Reactor 

Safeguards (ACRS); Meeting of the 

ACRS Subcommittee on APR1400; 

Notice of Meeting 

The ACRS Subcommittee on APR1400 

will hold meetings on January 24–25, 

2018, at 11545 Rockville Pike, Room T– 

2B1, Rockville, Maryland 20852. 

The meetings will be open to public 

attendance with the exception of 

portions that may be closed to protect 

information that is proprietary pursuant 

to 5 U.S.C. 552b(c)(4). The agenda for 

the subject meetings shall be as follows: 

Wednesday, January 24, 2018, 1:00 p.m. 

until 5:00 p.m. and Thursday, January 

25, 2018 8:30 a.m. until 12:00 p.m. 

The Subcommittee will review 

APR1400 design control document 

Chapter 4 (Reactor), Chapter 14.1 

(Specific Information to be Addressed 

for the Initial Plant Test Program) & 14.2 

(Initial Plant Test Program), Chapter 16 

(Technical Specifications), and Chapter 

18 (Human Factors Engineering). The 

Subcommittee will hear presentations 

by and hold discussions with the NRC 

staff and other interested persons 

regarding this matter. The 

Subcommittee will gather information, 

analyze relevant issues and facts, and 

formulate proposed positions and 

actions, as appropriate, for deliberation 

by the Full Committee. 

Members of the public desiring to 

provide oral statements and/or written 

comments should notify the Designated 

Federal Official (DFO), Christopher 

Brown (Telephone 301–415–7111 or 

Email: Christopher.Brown@nrc.gov) five 

days prior to the meeting, if possible, so 

that appropriate arrangements can be 

made. Thirty-five hard copies of each 

presentation or handout should be 

provided to the DFO thirty minutes 

before the meeting. In addition, one 

electronic copy of each presentation 

should be emailed to the DFO one day 

before the meeting. If an electronic copy 

cannot be provided within this 

timeframe, presenters should provide 

the DFO with a CD containing each 

presentation at least thirty minutes 

before the meeting. Electronic 

recordings will be permitted only 

during those portions of the meeting 

that are open to the public. Detailed 

procedures for the conduct of and 

participation in ACRS meetings were 

published in the Federal Register on 

October 4, 2017 (82 FR 46312). 

Detailed meeting agendas and meeting 

transcripts are available on the NRC 

website at http://www.nrc.gov/readingrm/doc-collections/acrs. Information 

regarding topics to be discussed, 

changes to the agenda, whether the 

meeting has been canceled or 

rescheduled, and the time allotted to 

present oral statements can be obtained 

from the website cited above or by 

contacting the identified DFO. 

Moreover, in view of the possibility that 

the schedule for ACRS meetings may be 

adjusted by the Chairman as necessary 

to facilitate the conduct of the meeting, 

persons planning to attend should check 

with these references if such 

rescheduling would result in a major 

inconvenience. 

If attending this meeting, please enter 

through the One White Flint North 

building, 11555 Rockville Pike, 

Rockville, Maryland 20852. After 

registering with Security, please contact 

Ms. Kendra Freeland (Telephone 301– 

415–6207) to be escorted to the meeting 

room. 

Dated: January 8, 2018. 

Mark L. Banks, 

Chief, Technical Support Branch, Advisory 

Committee on Reactor Safeguards. 

[FR Doc. 2018–00424 Filed 1–11–18; 8:45 am] 

BILLING CODE 7590–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–82458; File No. SR–ISE– 

2017–111] 

Self-Regulatory Organizations; Nasdaq 

ISE, LLC; Notice of Filing of Proposed 

Rule Change To Establish a 

Nonstandard Expirations Pilot 

Program 

January 8, 2018. 

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

Securities Exchange Act of 1934 


sradovich on DSK3GMQ082PROD with NOTICES
Federal Register / Vol. 83, No. 9 / Friday, January 12, 2018 / Notices 1637 

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

2 17 CFR 240.19b–4. 

3See Rule 2006(a)(13) which sets forth the 

reporting requirements for certain market indexes 

that do not have position limits, including NDX. 

The Exchange is adding Nonstandard Expirations to 

Rule 2004(d) to reflect the aggregation requirement. 

The Exchange notes that the proposed aggregation 

is consistent with the aggregation requirements for 

other types of option series (e.g. quarterly expiring 

options) that are listed on the Exchange and which 

do not expires on the customary ‘‘third Friday’’. 

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

notice is hereby given that on December 

21, 2017, Nasdaq ISE, LLC (‘‘ISE’’ or 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission (‘‘SEC’’ or 

‘‘Commission’’) the proposed rule 

change as described in Items I, II, and 

III, below, which Items have been 

prepared by the Exchange. The 

Commission is publishing this notice to 

solicit comments on the proposed rule 

change from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange proposes to establish a 

Nonstandard Expirations Pilot Program 

on a pilot basis, for an initial period of 

twelve months from the date of approval 

of this proposed rule change. 

The text of the proposed rule change 

is available on the Exchange’s website at 

http://ise.cchwallstreet.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 aspects 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 purpose of this rule filing is to 

add new Supplementary Material .07 to 

ISE Rule 2009, Terms of Index Options 

Contracts, to permit the listing and 

trading, on a pilot basis, of p.m.-settled 

options on broad-based indexes with 

nonstandard expiration dates for an 

initial period of twelve months (the 

‘‘Nonstandard Expirations Pilot 

Program’’ or ‘‘Pilot Program’’) from the 

date of approval of this proposed rule 

change. The Pilot Program would permit 

both weekly expirations (‘‘Weekly 

Expirations’’) and end of month 

(‘‘EOM’’) expirations as explained 

below. Contract terms for the Weekly 

Expirations and EOM expirations will 

be similar to those of the a.m. settled 

broad-based index options, except that 

the exercise settlement value will be 

based on the index value derived from 

the closing prices of component stocks. 

Weekly Expirations 

The Exchange proposes to add new 

Supplementary Material .07(a), Weekly 

Expirations, to Rule 2009. Under the 

proposed new rule the Exchange would 

be permitted to open for trading Weekly 

Expirations on any broad-based index 

eligible for standard options trading to 

expire on any Monday, Wednesday, or 

Friday (other than the third Friday-ofthe-month or days that coincide with an 

EOM expiration). 

The maximum number of expirations 

that could be listed for each Weekly 

Expiration (i.e., a Monday expiration, 

Wednesday expiration, or Friday 

expiration, as applicable) in a given 

class would be the same as the 

maximum number of expirations 

permitted for standard options on the 

same broad-based index. Weekly 

Expirations would not need to be for 

consecutive Monday, Wednesday, or 

Friday expirations as applicable. 

However, the expiration date of a nonconsecutive expiration would not be 

permitted beyond what would be 

considered the last expiration date if the 

maximum number of expirations were 

listed consecutively. 

Weekly Expirations that are first listed 

in a given class could expire up to four 

weeks from the actual listing date. If the 

last trading day of a month were a 

Monday, Wednesday, or Friday and the 

Exchange were to list EOMs and Weekly 

Expirations as applicable in a given 

class, the Exchange would list an EOM 

instead of a Weekly Expiration in the 

given class. Other expirations in the 

same class would not be counted as part 

of the maximum number of Weekly 

Expirations for a broad-based index 

class. If the Exchange were not open for 

business on a respective Monday, the 

normally Monday expiring Weekly 

Expirations would expire on the 

following business day. If the Exchange 

were not open for business on a 

respective Wednesday or Friday, the 

normally Wednesday or Friday expiring 

Weekly Expirations would expire on the 

previous business day. 

End of Month (‘‘EOM’’) Expirations 

Pursuant to proposed ISE Rule 2009 

Supplementary Material .07(b), End of 

Month (‘‘EOM’’) Expirations, the 

Exchange could open for trading EOMs 

on any broad-based index eligible for 

standard options trading to expire on 

last trading day of the month. EOMs 

would be subject to all provisions of 

Rule 2009 and treated the same as 

options on the same underlying index 

that expire on the third Friday of the 

expiration month. However, the EOMs 

would be P.M.-settled and new series in 

EOMs could be added up to and 

including on the expiration date for an 

expiring EOM. 

The maximum number of expirations 

that could be listed for EOMs in a given 

class would be the same as the 

maximum number of expirations 

permitted for standard options on the 

same broad-based index. EOM 

expirations would not need to be for 

consecutive end of month expirations. 

However, the expiration date of a nonconsecutive expiration may not be 

beyond what would be considered the 

last expiration date if the maximum 

number of expirations were listed 

consecutively. EOMs that are first listed 

in a given class could expire up to four 

weeks from the actual listing date. Other 

expirations would not be counted as 

part of the maximum numbers of EOM 

expirations for a broad-based index 

class. 

Contract Terms Trading Rules 

Weekly Expirations and EOMs would 

be subject to the same rules that 

currently govern the trading of standard 

monthly broad-based index options, 

including sales practice rules, margin 

requirements, and floor trading 

procedures. Contract terms for Weekly 

Expirations and EOMs would be the 

same as those for standard monthly 

broad-based index options. Since 

Weekly Expirations and EOMs will be a 

new type of series, and not a new class, 

the Exchange proposes that Weekly 

Expirations and EOMs shall be 

aggregated for any applicable reporting 

and other requirements.3 Pursuant to 

proposed new Supplementary Material 

.07(d) of Rule 2009, transactions in 

Weekly Expirations and EOMs could be 

effected on the Exchange between the 

hours of 9:30 a.m. (Eastern Time) and 

4:15 p.m. (Eastern Time). 

The Exchange has analyzed its 

capacity and represents that it believes 

the Exchange and the Options Price 

Reporting Authority (‘‘OPRA’’) have the 

necessary systems capacity to handle 

any additional traffic associated with 

the listing of the maximum number 


sradovich on DSK3GMQ082PROD with NOTICES
1638 Federal Register / Vol. 83, No. 9 / Friday, January 12, 2018 / Notices 

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

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

nonstandard expirations permitted 

under the Pilot. 

Pilot Program 

As stated above, this proposal is to 

establish a Nonstandard Expirations 

Pilot Program for broad-based index 

options on a pilot basis, for an initial 

period of twelve months from the date 

of approval of this proposed rule 

change. If the Exchange were to propose 

an extension of the Pilot or should the 

Exchange propose to make the Pilot 

permanent, the Exchange would submit 

a filing proposing such amendments to 

the Pilot. 

Further, any positions established 

under the Pilot would not be impacted 

by the expiration of the Pilot. For 

example, if the Exchange lists a Weekly 

Expiration or EOM that expires after the 

Pilot expires (and is not extended) then 

those positions would continue to exist. 

However, any further trading in those 

series would be restricted to 

transactions where at least one side of 

the trade is a closing transaction. 

As part of the Pilot, the Exchange will 

submit a Pilot report to the Commission 

at least two months prior to the 

expiration date of the Pilot (the ‘‘annual 

report’’). The annual report will contain 

an analysis of volume, open interest and 

trading patterns. In addition, for series 

that exceed certain minimum open 

interest parameters, the annual report 

will provide analysis of index price 

volatility and, if needed, share trading 

activity. The annual report will be 

provided to the Commission on a 

confidential basis. 

Analysis of Volume and Open Interest 

For all Weekly Expirations and EOM 

series, the annual report will contain the 

following volume and open interest data 

for each broad-based index overlying 

Weekly Expiration and EOM options: 

(1) Monthly volume aggregated for all 

Weekly Expiration and EOM series, 

(2) Volume in Weekly Expiration and 

EOM series aggregated by expiration 

date, 

(3) Month-end open interest 

aggregated for all Weekly Expiration and 

EOM series, 

(4) Month-end open interest for EOM 

series aggregated by expiration date and 

open interest for Weekly Expiration 

series aggregated by expiration date, 

(5) Ratio of monthly aggregate volume 

in Weekly Expiration and EOM series to 

total monthly class volume, and 

(6) Ratio of month-end open interest 

in EOM series to total month-end class 

open interest and ratio of open interest 

in each Weekly Expiration series to total 

class open interest. 

In addition, the annual report will 

contain the information noted above for 

standard Expiration Friday, AM-settled 

series, if applicable, for the period 

covered in the pilot report as well as for 

the six-month period prior to the 

initiation of the pilot. 

Upon request by the SEC, the 

Exchange will provide a data file 

containing: (1) Weekly Expiration and 

EOM option volume data aggregated by 

series, and (2) Weekly Expiration open 

interest for each expiring series and 

EOM month-end open interest for 

expiring series. 

Monthly Analysis of Weekly Expiration 

and EOM Trading Patterns 

In the annual report, the Exchange 

also proposes to identify Weekly 

Expiration and EOM trading patterns by 

undertaking a time series analysis of 

open interest in Weekly Expiration and 

EOM series aggregated by expiration 

date compared to open interest in nearterm standard Expiration Friday A.M.- 

settled series in order to determine 

whether users are shifting positions 

from standard series to Weekly 

Expiration and EOM series. In addition, 

to the extent that data on other weekly 

or monthly P.M. settled products from 

other exchanges is publicly available, 

the report will also compare open 

interest with these options in order to 

determine whether users are shifting 

positions from other weekly or monthly 

P.M. settled products to the Weekly 

Expiration and EOM series. Declining 

open interest in standard series or the 

weekly or monthly P.M.-settled 

products of other exchanges 

accompanied by rising open interest in 

Weekly Expiration and EOM series 

would suggest that users are shifting 

positions. 

Provisional Analysis of Index Price 

Volatility and Share Trading Activity 

For each Weekly Expiration and EOM 

expiration that has open interest that 

exceeds certain minimum thresholds, 

the annual report will contain the 

following analysis related to index price 

changes and, if needed, underlying 

share trading volume at the close on 

expiration dates: 

(1) A comparison of index price 

changes at the close of trading on a 

given expiration date with comparable 

price changes from a control sample. 

The data will include a calculation of 

percentage price changes for various 

time intervals and compare that 

information to the respective control 

sample. Raw percentage price change 

data as well as percentage price change 

data normalized for prevailing market 

volatility, as measured by an 

appropriate index agreed by the 

Commission and the Exchange, will be 

provided; and 

(2) if needed, a calculation of share 

volume for a sample set of the 

component securities representing an 

upper limit on share trading that could 

be attributable to expiring in-the-money 

Weekly Expiration and EOM 

expirations. The data, if needed, will 

include a comparison of the calculated 

share volume for securities in the 

sample set to the average daily trading 

volumes of those securities over a 

sample period. 

The minimum open interest 

parameters, control sample, time 

intervals, method for selecting the 

component securities, and sample 

periods will be determined by the 

Exchange and the Commission. 

2. Statutory Basis 

The Exchange believes that its 

proposal is consistent with Section 6(b) 

of the Act,4 in general, and furthers the 

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

in particular, in that it is designed to 

promote just and equitable principles of 

trade, to remove impediments to and 

perfect the mechanism of a free and 

open market and a national market 

system, and, in general to protect 

investors and the public interest, by 

expanding the ability of investors to 

hedge risks against market movements 

stemming from economic releases or 

market events that occur during the 

month and at the end of the month. 

Accordingly, the Exchange believes that 

weekly expirations and EOMs should 

create greater trading and hedging 

opportunities and flexibility, and 

provide customers with the ability to 

more closely tailor their investment 

objectives. 

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 not 

necessary or appropriate in furtherance 

of the purposes of the Act. Specifically, 

the Exchange does not believe the 

proposal will impose any burden on 

intramarket competition as all market 

participants will be treated in the same 

manner with respect to Weekly 

Expirations and EOMs. Additionally, 

the Exchange does not believe the 

proposal will impose any burden on 

intermarket competition as market 

participants are welcome to become 

members and trade at ISE if they 

determine that this proposed rule 


sradovich on DSK3GMQ082PROD with NOTICES
Federal Register / Vol. 83, No. 9 / Friday, January 12, 2018 / Notices 1639 

6 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)(iii). 

4 17 CFR 240.19b–4(f)(6). 

change has made ISE more attractive or 

favorable. Finally, all options exchanges 

are free to compete by listing and 

trading their own broad-based index 

options with weekly or end of month 

expirations. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments were either 

solicited or received. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Within 45 days of the date of 

publication of this notice in the Federal 

Register or within such longer period (i) 

as the Commission may designate up to 

90 days of such date if it finds such 

longer period to be appropriate and 

publishes its reasons for so finding or 

(ii) as to which the Exchange consents, 

the Commission shall: (a) By order 

approve or disapprove such proposed 

rule change, or (b) institute proceedings 

to determine whether the proposed rule 

change should be disapproved. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. In 

particular, the Commission solicits 

comment on the following: 

• Will the pilot data contemplated in 

this notice allow the Commission to 

determine whether the weekly and 

monthly PM-settled options proposed in 

this filing have adverse effects on 

market volatility and the operation of 

fair and orderly markets in the 

underlying cash market? 

• Will the pilot data contemplated in 

this notice allow the Commission to 

determine whether the weekly and 

monthly PM-settled options proposed in 

this filing have adverse effects on 

liquidity, volume, open interest, trading 

patterns, and volatility in other option 

contracts with standard expirations? 

• Will the pilot data contemplated in 

this notice allow the Commission to 

determine whether the weekly and 

monthly PM-settled options proposed in 

this filing have adverse effects on index 

price volatility? 

• Will the weekly and monthly PMsettled options proposed in this filing 

affect the market for options contracts 

with nonstandard expirations offered by 

CBOE and Phlx? If so, how? In addition, 

how would this proposal affect the data 

and information related to nonstandard 

expirations that are provided by CBOE 

and Phlx? 

• What concerns do market 

participants have related to the 

proposed Nonstandard Expirations Pilot 

Program? If any, please be specific in 

describing your concerns. If any, will 

the pilot data contemplated in this 

notice allow the Commission to 

examine whether the concerns are 

valid? 

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– 

ISE–2017–111 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–ISE–2017–111. This file 

number should be included on the 

subject line if email is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

internet website (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 website viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street NE, 

Washington, DC 20549, on official 

business days between the hours of 

10:00 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. 

Persons submitting comments are 

cautioned that we do not redact or edit 

personal identifying information from 

comment submissions. You should 

submit only information that you wish 

to make available publicly. All 

submissions should refer to File 

Number SR–ISE–2017–111, and should 

be submitted on or before February 2, 

2018. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.6

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–00409 Filed 1–11–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–82459; File No. SR–CBOE– 

2017–084] 

Self-Regulatory Organizations; Cboe 

Exchange, Inc.; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Amend Rule 6.13, 

CBOE Hybrid System Automatic 

Execution Feature 

January 8, 2018. 

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

Securities Exchange Act of 1934 

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

notice is hereby given that on December 

27, 2017, Cboe Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘Cboe Options’’) 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 Exchange. 

The Exchange filed the proposal as a 

‘‘non-controversial’’ proposed rule 

change pursuant to Section 

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

19b–4(f)(6) thereunder.4 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 its 

rules related to stop orders. 

(Additions are in Italics; Deletions are 

[Bracketed]) 

* * * * * 

Cboe Exchange, Inc. 

Rules 

* * * * * 

Rule 6.13. [CBOE]Cboe Options Hybrid 

System Automatic Execution Feature 

(a) No change. 

(b) Automatic Execution: Orders 

eligible for automatic execution through 

the Cboe Options Hybrid System may be 

automatically executed in accordance 


sradovich on DSK3GMQ082PROD with NOTICES