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[Federal Register Volume 90, Number 10 (Thursday, January 16, 2025)]
[Notices]
[Page 4825]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-00896]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-102156; File No. SR-CboeBYX-2024-009]

Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of 
Withdrawal of a Proposed Rule Change, as Modified by Amendment No. 1, 
to Amend Exchange Rule 11.25(e) To Allow Users To Utilize the 
Exchange's Match Trade Prevention Functionality When Entering Periodic 
Auction Orders Onto the Exchange for Execution

January 10, 2025.
    On June 6, 2024, Cboe BYX Exchange, Inc. (``Exchange'') filed with 
the Securities and Exchange Commission (``Commission''), pursuant to 
Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\ 
and Rule 19b-4 thereunder,\2\ a proposed rule change to amend Exchange 
Rule 11.25(e) to allow Users to utilize the Exchange's Match Trade 
Prevention functionality when entering Periodic Auction Orders onto the 
Exchange for execution. The proposed rule change was published for 
comment in the Federal Register on June 21, 2024.\3\ On August 5, 2024, 
the Commission extended the time period within which to approve, 
disapprove the proposed rule change, or institute proceedings to 
determine whether to approve or disapprove the proposed rule change to 
September 19, 2024.\4\ On September 18, 2024, the Exchange filed 
Amendment No. 1 to the proposed rule change.\5\ On September 19, 2024, 
the Commission issued notice of the proposed rule change, as modified 
by Amendment No. 1, and simultaneously instituted proceedings under 
Section 19(b)(2)(B) of the Act \6\ to determine whether to approve or 
disapprove the proposed rule change, as modified by Amendment No. 1.\7\ 
On December 16, 2024, pursuant to Section 19(b)(2) of the Exchange 
Act,\8\ the Commission designated a longer period within which to issue 
an order approving or disapproving the proposed rule change, as 
modified by Amendment No. 1.\9\ On January 8, 2025, the Exchange 
withdrew the proposed rule change (SR-CboeBYX-2024-009).
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    \1\ 15 U.S.C.78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 100337 (June 14, 
2024), 89 FR 52148 (``Notice'').
    \4\ See Securities Exchange Act Release No. 100649, 89 FR 65420 
(August 9, 2024). The Commission has received no comment letters on 
the proposed rule change.
    \5\ Amendment No. 1 modifies the proposed rule change by: (1) 
amending rule text relating to Exchange Match Trade Prevention 
functionality when entering Periodic Auction Orders onto the 
Exchange for execution; and (2) adding new rule text describing how 
the Exchange will handle Periodic Auction Orders entered as a 
Minimum Quantity Order with a Match Trade Prevention modifier.
    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ See Securities Exchange Act Release No. 101105, 89 FR 78418 
(September 25, 2024).
    \8\ 15 U.S.C. 78s(b)(2).
    \9\ See Securities Exchange Act Release No. 104276, 89 FR 104276 
(December 20, 2024). The Commission designated February 16, 2025, as 
the date by which the Commission shall approve or disapprove the 
proposed rule change.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\10\
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    \10\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-00896 Filed 1-15-25; 8:45 am]
BILLING CODE 8011-01-P
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