7386 Federal Register / Vol. 81, No. 28 / Thursday, February 11, 2016 / Notices 

56See supra, notes 20 and 21 and accompanying 

text. 57See supra, note 22 and accompanying text. 58See supra, note 6. 

59 15 U.S.C. 78s(b)(2). 

60See id. 

61 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). 

4 17 CFR 240.19b–4(f)(6)(iii). 

interference from the cable power 

connections, interfering with the 

delivery of the GPS data.56 The 

Exchange also represents that 

connectivity to the NTP time feed is not 

proposed to be offered over the IP 

network due to lack of demand.57 For 

these reasons, the Commission believes 

that providing connectivity to the GPS 

Time Source for dedicated cabinets but 

not partial cabinets, and to the NTP time 

feed through the LCN but not the IP 

network, is not designed to permit 

unfair discrimination between 

customers, issuers, brokers, or dealers. 

The Commission also finds the 

Exchange’s proposal to offer Partial 

Cabinet Solution bundles consistent 

with Section 6(b)(5) of the Act. As 

noted, all Users seeking to purchase a 

Partial Cabinet Solution bundle would 

be subject to the same conditions. The 

Commission believes that the proposed 

Partial Cabinet Solution bundles are 

reasonably designed to make it more 

cost effective for Users with minimal 

power or cabinet space demands to take 

advantage of the option for co-location 

services, and therefore that they are 

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, and are not designed to 

permit unfair discrimination between 

customers, issuers, brokers, or dealers. 

For the foregoing reasons, the 

Commission also finds that, the 

proposed rule change, as modified by 

Amendment No. 2, is consistent with 

the Act. 

V. Solicitation of Comments on 

Amendment No. 2 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether this filing, as 

modified by Amendment No. 2, 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 No. SR– 

NYSEMKT–2015–89 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 No. 

SR–NYSEMKT–2015–89. 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 such 

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 No. SR–NYSEMKT– 

2015–89, and should be submitted on or 

before March 3, 2016. 

VI. Accelerated Approval of Proposed 

Rule Change, as Modified by 

Amendment No. 2 

The Commission finds good cause, 

pursuant to Section 19(b)(2) of the Act, 

to approve the proposed rule change, as 

modified by Amendment No. 2, prior to 

the 30th day after the date of 

publication of Amendment No. 2 in the 

Federal Register. As discussed above, 

Amendment No. 2 updates dates in the 

original proposed rule change and adds 

clarity on the differences between the 

three time feeds in terms of their 

precision.58 The Commission believes 

that these revisions provide clarity on 

when partial cabinet bundle discounts 

will apply along with additional 

information on the differences between 

the various time feeds. Furthermore, the 

Commission believes it is appropriate to 

have these changes incorporated into 

the rules of the Exchange concurrently 

with those changes discussed in the 

original filing. 

Accordingly, the Commission finds 

good cause for approving the proposed 

rule change, as modified by Amendment 

No. 2, on an accelerated basis, pursuant 

to Section 19(b)(2) of the Act.59

VII. Conclusion 

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Act,60 that the 

proposed rule change, as modified by 

Amendment No.2, (SR–NYSEMKT– 

2015–89) be, and hereby is, approved on 

an accelerated basis. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.61

Brent J. Fields, 

Secretary. 

[FR Doc. 2016–02735 Filed 2–10–16; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–77069; File No. SR–BATS– 

2016–07] 

Self-Regulatory Organizations; BATS 

Exchange, Inc.; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Amend Chapter XXI of 

BZX Options To Further Align the 

Rules With Those of EDGX Options 

February 5, 2016. 

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

Securities Exchange Act of 1934 (the 

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

notice is hereby given that on January 

27, 2016, BATS Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘BATS’’) 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. 

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Federal Register / Vol. 81, No. 28 / Thursday, February 11, 2016 / Notices 7387 

5See Securities Exchange Act Release No. 75650 

(August 7, 2015), 80 FR 48600 (August 13, 2015) 

(SR–EDGX–2015–18). 

6See Securities Exchange Act Release No. 74738 

(April 16, 2015), 80 FR 22600 (April 22, 2015) (SR– 

BATS–2015–09). 

7Exchange Rule 16.1(59) defines ‘‘System’’ as 

‘‘the automated trading system used by BATS 

Options for the trading of options contracts.’’ 

8The Exchange notes that it adopted rules 

describing the Parallel T routing strategy along with 

several other routing strategies based the routing 

rules for BZX Equities. However, the Exchange 

never implemented or offered the Parallel T routing 

strategy for BZX Options. See Securities Exchange 

Act Release No. 63090 (October 13, 2010), 75 FR 

64387 (October 19, 2010) (Notice of Filing and 

Immediate Effectiveness of Proposed Rule Change 

Continued 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange filed a proposal for the 

BATS Options Market (‘‘BATS Options’’ 

or ‘‘BZX Options’’) to amend various 

rules contained in Chapter XXI in order 

to further improve such rules and to 

align such rules with the rules 

applicable to the Exchange’s affiliated 

options platform operated by EDGX 

Exchange, Inc. (‘‘EDGX Options’’). 

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 

various BZX Options Rules contained in 

Chapter XXI in order to further improve 

such rules and to align such rules with 

the rules applicable to EDGX Options, 

the Exchange’s affiliated options 

platform. EDGX Options recently 

launched after receiving approval in 

August of 2015.5 In connection with the 

creation of EDGX Options as well as in 

connection with rule clarifications filed 

by the Exchange with respect to the 

Exchange’s equity securities trading 

platform (‘‘BZX Equities’’),6 the 

Exchange has identified various BZX 

Options rules that could be improved or 

clarified. In addition, to the extent 

possible, the Exchange wishes to 

maintain identical rules with its 

affiliated trading platforms in order to 

avoid potential confusion by 

participants on the Exchange and such 

affiliated trading platforms. Each of the 

changes proposed below is consistent 

with these objectives and is intended to 

clarify and to include additional 

specificity regarding the current 

functionality of the Exchange’s System,7

including the descriptions of BZX 

Options order types and order 

instructions, as further described below. 

None of the changes proposed below 

represents a proposed change to the 

operation of BZX Options. 

Proposed Changes to Terminology 

The Exchange proposes the following 

terminology changes that are applicable 

to one or more rules within Chapter XXI 

applicable to BZX Options: 

• The Exchange proposes to re-name 

‘‘BATS Only Orders’’, which are not 

routable away from the Exchange, as 

‘‘Book Only Orders.’’ 

• The Exchange proposes to re-name 

‘‘BATS Post Only Orders’’, which do not 

remove liquidity from the Exchange, as 

‘‘Post Only Orders.’’ 

• The Exchange proposes to refer to 

other ‘‘options exchanges’’ rather than 

other ‘‘trading centers.’’ 

• The Exchange proposes to refer to 

‘‘contracts’’ rather than ‘‘shares.’’ 

Proposed Changes to Order Type 

Modifiers and Routing Instructions 

Rule 21.1 sets forth numerous 

definitions applicable to the operation 

of the BZX Options System, primarily 

the order types and order type modifiers 

accepted by BZX Options. Rule 21.9 

describes the process for routing orders 

away from BZX Options. The Exchange 

proposes the following changes to Rules 

21.1 and 21.9: 

• Attributable and Non-Attributable 

Orders. The Exchange proposes to state 

in Rule 21.1(a)(3) that the Exchange’s 

data feed can be used to display orders 

with or without attribution. The 

Exchange also proposes to state in Rule 

21.1(c) that the default treatment on 

BZX Options is that an order is a NonAttributable Order unless the User 

directs otherwise. This is the opposite of 

EDGX Options and represents an 

example of a difference between the 

rules of BZX Options and EDGX 

Options that the Exchange currently 

intends to maintain. Finally, the 

Exchange proposes to make minor 

formatting and structural changes to 

conform to EDGX Options Rule 21.1(c). 

These changes will conform BZX 

Options Rules 21.1(a)(3) and 21.1(c) to 

EDGX Options Rules 21.1(a)(3) and 

21.1(c). 

• Price Improving Orders. The 

Exchange proposes to remove 

duplicative language from the definition 

of Price Improving Orders in Rule 

21.1(d)(6). First, because all orders are 

displayed on BZX Options, the 

Exchange proposes to remove reference 

to orders ‘‘that are available for 

display.’’ Second, because the displayprice sliding process described in Rule 

21.1(h) describes the process by which 

orders are displayed at the applicable 

minimum price variation and the 

description of Price Improving Orders 

cross-references Rule 21.1(h), the 

Exchange proposes to remove language 

stating that Price Improving orders are 

‘‘rounded to the minimum price 

variation.’’ These changes will conform 

BZX Options Rule 21.1(d)(6) to EDGX 

Options Rule 21.1(d)(6). 

• Destination Specific Orders, 

Directed ISOs and Parallel T. Both 

Destination Specific Orders and 

Directed ISOs, described in Rule 

21.1(d)(7) and 21.1(d)(12), respectively, 

are routing instructions rather than 

order types or order type modifiers. 

Accordingly, to conform BZX Options 

Rules to the structure of Exchange Rules 

11.9 and 11.13, applicable to BZX 

Equities, as well as EDGX Options Rules 

21.1 and 21.9, the Exchange proposes to 

re-locate these rules in Rules 

21.9(a)(2)(C) and 21.9(a)(2)(D), 

applicable to routing away from BZX 

Options. The Exchange also proposes to 

re-number the remainder of Rule 21.1(d) 

and to modify cross-references 

contained in other portions of Chapter 

XXI in connection with this change. 

These changes will conform BZX 

Options Rule 21.1(d) to EDGX Options 

Rule 21.1(d). 

As noted above, the Exchange 

proposes to re-locate the descriptions of 

Destination Specific Orders and 

Directed ISOs to Rule 21.9, which 

governs routing from BZX Options. The 

Exchange also proposes stylistic 

changes to conform the descriptions of 

these routing strategies with other 

routing strategies described in Rule 

21.9(a)(2). Further, the Exchange 

proposes to eliminate reference to an 

obsolete routing option, Parallel T, 

which is set forth in Rule 21.9(a)(2)(D) 

and is not offered on BZX Options (or 

EDGX Options).8 Finally, the Exchange 

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7388 Federal Register / Vol. 81, No. 28 / Thursday, February 11, 2016 / Notices 

by BATS Exchange, Inc. To Amend BATS Rule 

21.9, Entitled ‘‘Order Routing’’). 

9 15 U.S.C. 78f(b). 

10 15 U.S.C. 78f(b)(5). 

proposes to eliminate current Rule 

21.9(a)(2)(E), which is simply a crossreference reflecting the fact that these 

routing strategies used to be contained 

within Rule 21.1; to move the Parallel 

D routing strategy to Rule 21.9(a)(2)(A), 

which is simply a paragraph that had 

been reserved for future use due to the 

prior elimination of a routing strategy; 

and to re-number all other routing 

strategies accordingly. These changes 

will conform BZX Options Rule 

21.9(a)(2) to EDGX Options Rule 

21.9(a)(2). 

• Routable Orders With Time in Force 

of Immediate-or-Cancel or Fill-or-Kill. 

The Exchange proposes to modify Rule 

21.1(f)(2) to update the description of 

the Time in Force (‘‘TIF’’) of Immediate 

Or Cancel (‘‘IOC’’) to make clear that 

orders with a TIF of IOC are routable 

even though such TIF indicates an 

instruction to execute an order 

immediately in whole or in part and/or 

cancel it back. Under current rules, the 

TIF of IOC indicates that an order is to 

be executed in whole or in part as soon 

as such order is received and the 

portion not executed is to be cancelled. 

The Exchange proposes to expand upon 

the description of IOC to specify that an 

order with such TIF may be routed away 

from the Exchange but that in no event 

will an order with such TIF be posted 

to the BATS Options Book. The 

Exchange notes that IOC orders routed 

away from the Exchange are in turn 

routed as IOC orders. The Exchange also 

notes that current Rule 21.9 already 

includes reference to routable IOCs, and 

the proposed modifications to the rule 

text are intended to add further 

specificity that IOCs are routable. 

In addition to the change described 

above, the Exchange proposes to make 

clear in Rule 21.1(f)(5) that an order 

with a TIF of FOK is not eligible for 

routing. Although orders with a TIF of 

FOK are generally treated the same as 

IOCs, the Exchange does not permit 

routing of orders with a FOK because 

the Exchange is unable to ensure the 

instruction of FOK (i.e., execution of an 

order in its entirety) through the routing 

process. 

Finally, in connection with these 

changes, the Exchange also proposes to 

modify current Rule 21.9(a)(1) to add 

the cancellation of an unfilled balance 

of an order as one possible outcome 

after an order has been routed away. 

Rule 21.9(a)(1) currently describes other 

variations of how the Exchange handles 

an order after it has been routed away, 

but does not specifically state that it 

may be cancelled after the routing 

process, which would be the case with 

an order submitted to the Exchange with 

a TIF of IOC. The Exchange also 

proposes to re-number the remainder of 

Rule 21.9(a)(1) accordingly and to 

eliminate current Rule 21.9(a)(1)(D), 

which is duplicative to Rule 

21.9(a)(1)(C). Finally, the Exchange 

proposes to number certain unnumbered text at the end of Rule 

21.9(a)(1) as Rule 21.9(a)(1)(E). These 

changes will conform BZX Options 

Rules 21.9(f) and 21.9(a)(1) to EDGX 

Options Rules 21.9(f) and 21.9(a)(1). 

Proposed Changes to Priority Rule and 

Related Routing Rule 

The Exchange proposes two changes 

applicable to the priority of orders on 

BZX Options. 

• First, the Exchange proposes to 

adopt new paragraph (d) to Rule 21.8, 

which recognizes existing match trade 

prevention rules that optionally prevent 

the execution of orders from the same 

User (i.e., based on the User’s ‘‘Unique 

Identifier’’, as set forth in Rule 21.1(g)) 

by stating that in such a case the System 

will not permit such orders to execute 

against one another regardless of 

priority ranking. Proposed BZX Options 

Rule 21.8(d) is based on and identical to 

EDGX Options Rule 21.8(k). 

• Second, the Exchange proposes to 

modify existing paragraph (b) of Rule 

21.9 to clarify the Exchange’s rule 

regarding the priority of routed orders. 

Paragraph (b) currently sets forth the 

proposition that a routed order does not 

retain priority on the Exchange while it 

is being routed to other markets. The 

Exchange believes that its proposed 

clarification to paragraph (b) is 

appropriate because it more clearly 

states that a routed order is not ranked 

and maintained in the BATS Options 

Book pursuant to Rule 21.8, and 

therefore is not available to execute 

against incoming orders. These changes 

will conform BZX Options Rule 21.8(b) 

to EDGX Options Rule 21.8(b). 

Proposed Changes to Other Rules 

Within Chapter XXI 

In addition to the changes proposed 

above, the Exchange proposes to make 

the following changes: 

• Rephrasing language within Rule 

21.2 to avoid use of the phrase ‘‘BATS 

Options options.’’ 

• Adding reference to the price adjust 

process, as defined in Rule 21.1(i), to 

Rule 21.6(f) and Rule 21.9(a)(1)(B) 

where there are currently already 

references to the display-price sliding 

process. 

• Adding the term intra-day to Rule 

21.10 when referring to anonymous 

transaction reports because participants 

do learn the identity of contra-parties in 

connection with the clearance and 

settlement of transactions. 

Adding a new paragraph (a) to Rule 

21.15 based on EDGX Options Rule 

21.15(a). The new paragraph simply 

reflects the regulations already 

applicable to the Exchange by stating 

that the Exchange will disseminate to 

quotation vendors the highest bid and 

the lowest offer, and the aggregate 

quotation size associated therewith that 

is available, in accordance with the 

requirements of Rule 602 of Regulation 

NMS under the Exchange Act. In 

accordance with this change, the 

Exchange proposes to re-name the rule 

as ‘‘Data Dissemination.’’ The Exchange 

also proposes to add a new paragraph 

title within the Rule, ‘‘Exchange Data 

Products’’, to describe the existing rule 

text, and to re-number the existing rule 

text of Rule 21.15. 

2. Statutory Basis 

The Exchange believes that its 

proposal is consistent with Section 6(b) 

of the Act 9 in general, and furthers the 

objectives of Section 6(b)(5) of the Act 10

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. 

The proposed rule changes are 

generally intended to better align certain 

Exchange rules with the rules of EDGX 

Options (as well as BZX Equities) in 

order to provide a consistent description 

of functionality across the Exchange and 

its affiliates. Consistent descriptions of 

functionality between the Exchange and 

EDGX Options will reduce complexity 

and help to avoid potential confusion by 

Users of the Exchange that are also 

participants on EDGX Options. The 

proposed rule changes do not propose to 

implement new or unique functionality 

that has not been previously filed with 

the Commission or is not available on 

BZX Options already. The Exchange 

notes that the proposed rule text is 

based on applicable EDGX Options 

Rules; the proposed language of the 

Exchange’s Rules differs only to extent 

necessary to conform to existing 

Exchange rule text. The Exchange 

believes the proposed changes will 

increase the understanding of the 

Exchange’s operations for all Members 

of the Exchange. Where possible, the 

Exchange has mirrored EDGX Options 

rules verbatim, because consistent rules 

will simplify the regulatory 

mstockstill on DSK4VPTVN1PROD with NOTICES

Federal Register / Vol. 81, No. 28 / Thursday, February 11, 2016 / Notices 7389 

11 15 U.S.C. 78s(b)(3)(A)(iii). 

12 17 CFR 240.19b–4(f)(6). 

13 In addition, Rule 19b–4(f)(6)(iii) requires the 

Exchange to give the Commission written notice of 

the Exchange’s intent to file the proposed rule 

change, along with a brief description and text of 

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. 

14For purposes only of waiving the 30-day 

operative delay, the Commission has also 

considered the proposed rule’s impact on 

efficiency, competition, and capital formation. See 

15 U.S.C. 78c(f). 15 17 CFR 200.30–3(a)(12). 

requirements and increase the 

understanding of the Exchange’s 

operations for Members of the Exchange 

that are also participants on EDGX 

Options. As such, the proposed rule 

change would foster cooperation and 

coordination with persons engaged in 

facilitating transactions in securities and 

would remove impediments to and 

perfect the mechanism of a free and 

open market and a 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 notes that the proposal will 

provide consistent descriptions of 

functionality between the BZX Options 

and EDGX Options, thereby reducing 

complexity and providing 

improvements to rules to avoid 

potential confusion by Users of the 

Exchange that are also participants on 

EDGX Options. As noted elsewhere in 

the proposal, the Exchange is not 

proposing any substantive changes to 

the System. Thus, the Exchange does 

not believe the proposal creates any 

significant impact on competition. 

(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 written 

comments from members or other 

interested parties. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The Exchange has filed the proposed 

rule change pursuant to Section 

19(b)(3)(A)(iii) of the Act 11 and Rule 

19b–4(f)(6) thereunder.12 Because the 

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, the 

proposed rule change has become 

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

of the Act and Rule 19b–4(f)(6) 

thereunder.13

A proposed rule change filed under 

Rule 19b–4(f)(6) normally does not 

become operative for 30 days after the 

date of filing. However, Rule 19b– 

4(f)(6)(iii) permits the Commission to 

designate a shorter time if such action 

is consistent with the protection of 

investors and the public interest. The 

Exchange has asked the Commission to 

waive the 30-day operative delay so that 

the proposal may become operative 

immediately upon filing. The 

Commission believes that waiver of the 

30-day operative delay would provide 

immediate clarity to the Exchange’s 

rules described above. Because the 

proposal would provide consistent 

descriptions of the same functionality 

on BZX Options and EDGX Options, the 

Commission believes that the proposal 

could avoid potential confusion by 

users of the Exchange that are also 

participants on EDGX Options. Based on 

the foregoing, the Commission believes 

that waiving the 30-day operative delay 

is consistent with the protection of 

investors and the public interest.14 The 

Commission hereby grants the 

Exchange’s request and designates the 

proposal operative upon filing. 

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 shall institute proceedings 

to determine whether the proposed rule 

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– 

BATS–2016–07 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE., 

Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–BATS–2016–07. This file 

number should be included on the 

subject line if email is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

Internet Web site (http://www.sec.gov/

rules/sro.shtml). Copies of the 

submission, all subsequent 

amendments, all written statements 

with respect to the proposed rule 

change that are filed with the 

Commission, and all written 

communications relating to the 

proposed rule change between the 

Commission and any person, other than 

those that may be withheld from the 

public in accordance with the 

provisions of 5 U.S.C. 552, will be 

available for Web site viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street NE., 

Washington, DC 20549 on official 

business days between the hours of 

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

filing also will be available for 

inspection and copying at the principal 

office of the Exchange. All comments 

received will be posted without change; 

the Commission does not edit personal 

identifying information from 

submissions. You should submit only 

information that you wish to make 

available publicly. All submissions 

should refer to File Number SR–SR– 

BATS–2016–07 and should be 

submitted on or before March 3, 2016. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.15

Brent J. Fields, 

Secretary. 

[FR Doc. 2016–02733 Filed 2–10–16; 8:45 am] 

BILLING CODE 8011–01–P 

mstockstill on DSK4VPTVN1PROD with NOTICES