Federal Register / Vol. 79, No. 224 / Thursday, November 20, 2014 / Notices 69159 

8 15 U.S.C. 78s(b)(3)(A). 

9 17 CFR 240.19b–4(f)(4)(ii). 

10 Id. 11 17 CFR 200.30–3(a)(12). 1 15 U.S.C. 78s(b)(7). 

standards or requirements for 

participation in or use of the Clearing 

House. Accordingly, the changes should 

not, in the Clearing House’s view, affect 

the availability of clearing, access to 

clearing services or the costs of clearing 

for clearing members or other market 

participants. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants or Others 

Written comments relating to the 

proposed changes to the rules have not 

been solicited or received. ICE Clear 

Europe will notify the Commission of 

any written comments received by ICE 

Clear Europe. 

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) 8 of the Act and Rule 19b– 

4(f)(4)(ii) 9 thereunder because it effects 

a change in an existing service of a 

registered clearing agency that primarily 

affects the operations of the clearing 

agency with respect to products that are 

not securities, including futures that are 

not security futures, swaps that are not 

security-based swaps or mixed swaps, 

and forwards that are not security 

forwards, and does not significantly 

affect any securities clearing operations 

of the clearing agency or any rights or 

obligations of the clearing agency with 

respect to securities clearing or persons 

using such securities clearing service, 

within the meaning of Rule 19b– 

4(f)(4)(ii).10 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. 

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– 

ICEEU–2014–19 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–ICEEU–2014–19. 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 

filings will also be available for 

inspection and copying at the principal 

office of ICE Clear Europe and on ICE 

Clear Europe’s Web site at https://

www.theice.com/clear-europe/

regulation#rule-filings. 

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–ICEEU–2014–19 and 

should be submitted on or before 

December 11, 2014. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.11

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2014–27453 Filed 11–19–14; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–73599; File No. SR–OC– 

2014–05] 

Self-Regulatory Organizations; 

OneChicago, LLC; Notice of Filing of 

Proposed Rule Change To Expand the 

Trading Hours for Bilateral Block 

Trades and Bilateral EFP Trades 

November 14, 2014. 

Pursuant to Section 19(b)(7) of the 

Securities Exchange Act of 1934 (the 

‘‘Act’’),1 notice is hereby given that on 

October 23, 2014, OneChicago, LLC 

(‘‘OneChicago,’’ ‘‘OCX,’’ or the 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission (‘‘SEC’’ or 

‘‘Commission’’) the proposed rule 

change described in Items I, II, and III 

below, which Items have been prepared 

by the self-regulatory organization. The 

Commission is publishing this notice to 

solicit comments on the proposed rule 

change from interested persons. 

OneChicago has also filed this rule 

change with the Commodity Futures 

Trading Commission (‘‘CFTC’’). 

OneChicago filed a written certification 

with the CFTC under Section 5c(c) of 

the Commodity Exchange Act (‘‘CEA’’) 

on October 23, 2014. 

I. Self-Regulatory Organization’s 

Description of the Proposed Rule 

Change 

OCX is proposing to expand its 

Trading Hours for bilateral block trades 

and bilateral Exchange of Future for 

Physical (‘‘EFP’’) trades. Currently, 

bilateral block trades and bilateral EFP 

trades are permitted to be reported to 

the Exchange beginning at 8:00 a.m. 

Central Time (‘‘CT’’) until 4:00 p.m. CT. 

Under the proposed change, market 

participants will be permitted to report 

these bilateral trades beginning at 7:00 

a.m. CT. The closing time for reporting 

bilateral block trades and bilateral EFP 

trades will remain unchanged at 4:00 

p.m. CT. 

The text of the proposed rule change 

is attached as Exhibit 4 to the filing 

submitted by the Exchange but is not 

attached to the published notice of the 

filing. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, 

OneChicago included statements 

concerning the purpose of and basis for 

the proposed rule change and discussed 

any comments it received on the 


rmajette on DSK2VPTVN1PROD with NOTICES
69160 Federal Register / Vol. 79, No. 224 / Thursday, November 20, 2014 / Notices 

2 15 U.S.C. 78f(b). 

3 15 U.S.C. 78(f)(b)(5). 4 15 U.S.C. 78s(b)(1). 

5 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

proposed rule change. The text of these 

statements may be examined at the 

places specified in Item IV below. The 

self-regulatory organization 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 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The purpose of OneChicago’s filing is 

to update its Trading Hours by 

expanding the reporting time for 

bilateral block and bilateral EFP trades. 

Currently, bilateral trades may be 

reported to OneChicago beginning at 

8:00 a.m. CT and concluding at 4:00 

p.m. CT. This reporting period opens 

thirty minutes earlier—and closes one 

hour later—than the standard market 

hours, which are 8:30 a.m.–3:00 p.m. CT 

(3:15 p.m. for futures overlaying ETFs). 

By expanding the bilateral trade 

reporting hours, OneChicago will allow 

market participants to utilize liquidity 

in the pre-market period when hedging 

their bilateral block trades, and also to 

generally increase the hours for 

reporting a bilateral EFP. Since the 

Exchange Rules require the reporting of 

bilateral trades within a certain 

timeframe, market participants cannot 

execute the underlying security portion 

of their block and EFP trades before 

permissible reporting hours. With the 

proposed change, market participants 

will be able to execute and timely report 

bilateral trades that involved underlying 

security executions that occurred as 

early as 7:00 a.m. CT. 

2. Statutory Basis 

OneChicago believes that the 

proposed rule change is consistent with 

Section 6(b) of the Act,2 in general, and 

furthers the objectives of Section 6(b)(5) 

of the Act,3 in particular, in that it is 

designed to foster cooperation and 

coordination with persons engaged in 

facilitating transactions in securities, 

and remove impediments to and perfect 

the mechanism of a free and open 

market and national market system. 

OneChicago believes that expanding the 

bilateral trade reporting hours removes 

an impediment to trading that 

OneChicago market participants 

currently experience. By restricting 

bilateral trade reporting to an 8:00 a.m. 

CT opening time, market participants 

are currently unable to report bilateral 

trades executed before that time. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

OneChicago does not believe that the 

proposed rule change will impose any 

impact, or impose any burden, on 

competition not necessary or 

appropriate in furtherance of the 

purposes of the Act. The rule change 

simply expands the trading hours for 

bilateral trades and does not impose any 

new burdens on any market 

participants. The Exchange believes that 

the proposed rule change is equitable 

and not unfairly discriminatory because 

all of the amended rules apply equally 

to all market participants. 

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 rule change will become 

operative on November 10, 2014. 

At any time within 60 days of the date 

of effectiveness of the proposed rule 

change, the Commission, after 

consultation with the CFTC, may 

summarily abrogate the proposed rule 

change and require that the proposed 

rule change be refiled in accordance 

with the provisions of Section 19(b)(1) 

of the Act.4

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– 

OC–2014–05 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–OC–2014–05. 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 

offices 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–OC– 

2014–05, and should be submitted on or 

before December 11, 2014. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.5

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2014–27448 Filed 11–19–14; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–73595; File No. SR–BYX– 

2014–030] 

Self-Regulatory Organizations; BATS 

Y-Exchange, Inc.; Notice of Filing of a 

Proposed Rule Change, and 

Amendment No. 1 Thereto, To 

Establish a New Market Data Product 

Called the BATS One Feed 

November 14, 2014. 

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 October 

30, 2014, BATS Y-Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘BYX’’) filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) the proposed rule 


rmajette on DSK2VPTVN1PROD with NOTICES