43802 Federal Register / Vol. 82, No. 180 / Tuesday, September 19, 2017 / Notices 

16 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). 

5The term ‘‘User’’ is defined as ‘‘any Member or 

Sponsored Participant who is authorized to obtain 

access to the System pursuant to Rule 11.3.’’ See 

Exchange Rule 1.5(ee). 

6See Exchange Rule 11.11(g)(8). 

7The term ‘‘EDGX Book’’ is defined as ‘‘the 

System’s electronic file of orders.’’ See Exchange 

Rule 1.5(d). 

8The term ‘‘System routing table’’ refers to the 

proprietary process for determining the specific 

options exchanges to which the System routes 

orders and the order in which it routes them. See 

Exchange Rule 11.11(g). 

9See IEX Trading Alert #2017–05, Listing 

Specifications, Testing Opportunities, and 

Timelines, available at https://iextrading.com/ 

trading/alerts/2017/015/. See also Securities 

Exchange Act Release No. 81316 (August 4, 2017), 

82 FR 37474 (August 10, 2017) (SR–IEX–2017–10) 

(Order approving proposed rule change related in 

auctions in IEX-listed securities, dissemination of 

auction-related data, and provisions governing 

trading halts and pauses). 

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– 

ISE–2017–81 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–2017–81. 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–ISE– 

2017–81 and should be submitted on or 

before October 10, 2017. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.16

Robert W. Errett, 

Deputy Secretary. 

[FR Doc. 2017–19845 Filed 9–18–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–81596; File No. SR– 

BatsEDGX–2017–37] 

Self-Regulatory Organizations; Bats 

EDGX Exchange, Inc.; Notice of Filing 

and Immediate Effectiveness of a 

Proposed Rule Change To Amend Rule 

11.11, Routing to Away Trade Centers, 

To Account for IEX as a Primary 

Listing Market and To Amend Certain 

Rules To Reflect the Name Change of 

NYSE MKT to NYSE American 

September 13, 2017. 

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 

September 6, 2017, Bats EDGX 

Exchange, Inc. (the ‘‘Exchange’’ or 

‘‘EDGX’’) 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 ‘‘non-controversial’’ 

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 Substance of 

the Proposed Rule Change 

The Exchange filed a proposal to 

amend paragraphs (g)(8) and (g)(14) of 

Rule 11.11, Routing to Away Trade 

Centers, to expand the ability of Users 5

to designate their orders for 

participation in the opening, re-opening 

(following a halt, suspension, or pause), 

or closing process of a primary listing 

market other than the Exchange (NYSE, 

Nasdaq, NYSE MKT, or NYSE Arca) to 

include the Investors Exchange LLC 

(‘‘IEX’’). The Exchange also proposes to 

amend paragraphs (g)(8) and (g)(14) of 

Rule 11.11 as well as Rules 11.7(c)(1) 

and 13.4(a) to reflect the name change 

of NYSE MKT to NYSE American. 

The text of the proposed rule change 

is available at the Exchange’s Web site 

at www.bats.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 

Exchange Rule 11.11(g)(8) describes 

the ROOC routing option, under which 

Users may designate their orders for 

participation in the opening or closing 

process, in addition to the re-opening 

(following a halt, suspension, or pause), 

of a primary listing market other than 

the Exchange, if received before the 

opening/re-opening/closing time of such 

market.6 Under Exchange Rule 

11.11(g)(8), Users may also elect that 

their orders be routed to participate in 

the primary market’s re-opening 

process, and not its opening or closing 

processes. Any remaining shares are 

either posted to the EDGX Book,7

executed, or routed to destinations on 

the System routing table.8

IEX announced that it intends to 

become a primary listing exchange and 

support IEX-listed companies beginning 

in October 2017.9 At that time, the 

Exchange will enable Users to elect that 

their orders in IEX-listed securities be 

routed to IEX to participate in IEX’s 

opening, re-opening (following a halt, 

suspension, or pause), or closing 


asabaliauskas on DSKBBXCHB2PROD with NOTICES
Federal Register / Vol. 82, No. 180 / Tuesday, September 19, 2017 / Notices 43803 

10See Securities Exchange Act Release No. 80283 

(March 21, 2017), 82 FR 15244 (March 27, 2017) 

(SR–NYSEMKT–2017–14). 

11See Securities Exchange Act Release No. 77307 

(March 7, 2016), 81 FR 12996 (February 26, 2016) 

(SR–BATS–2016–25). 

12 15 U.S.C. 78f(b). 

13 15 U.S.C. 78f(b)(5). 

14See supra note 9. 

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

16 17 CFR 240.19b–4. 17 17 CFR 200.30–3(a)(12). 

process. Therefore, the Exchange 

proposes to amend paragraphs (g)(8) and 

(g)(14) of Rule 11.11 to include IEX as 

a primary listing market to which Users 

may designate their orders be routed. 

The Exchange also proposes nonsubstantive amendments to paragraphs 

(g)(8) and (g)(14) of Rule 11.11 as well 

as Rules 11.7(c)(1) and 13.4(a)to reflect 

the name change of NYSE MKT to NYSE 

American 10 as well as to reflect the 

name change of BATS Exchange, Inc. to 

Bats BZX Exchange, Inc. as proposed in 

a previous filing.11

2. Statutory Basis 

The Exchange believes that its 

proposal is consistent with Section 6(b) 

of the Act 12 in general, and furthers the 

objectives of Section 6(b)(5) of the Act 13

in particular, in that it is designed to 

promote just and equitable principles of 

trade, to foster cooperation and 

coordination with persons engaged in 

facilitating transactions in securities, 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. As discussed above, IEX 

announced that it intends to become a 

primary listing exchange and support 

IEX-listed companies beginning in 

October 2017.14 Certain Users whose 

orders in IEX-listed securities are resting 

on the EDGX Book may wish that their 

order only be routed to participate in 

IEX’s opening, closing, or re-opening 

process. The proposed rule changes 

promote just and equitable principles of 

trade because they would provide such 

Users with additional flexibility with 

regard to their orders in IEX-listed 

securities. 

The non-substantive amendments to 

paragraphs (g)(8) and (g)(14) of Rule 

11.11 as well as Rules 11.7(c)(1) and 

13.4(a) to reflect the name change of 

NYSE MKT to NYSE American and 

BATS Exchange, Inc. to Bats BZX 

Exchange, Inc. also removes 

impediments to and perfect the 

mechanism of a free and open market 

and a national market system because it 

updates the rule to reflect the name 

change and does not alter the way in 

which orders in NYSE American listed 

securities are handled and routed. 

(B) Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposal will impose any burden on 

competition not necessary or 

appropriate in furtherance of the 

purposes of the Act. The Exchange 

believes that its proposal would 

increase competition because it offers 

Users an alternative means to route 

orders to participate in IEX’s opening, 

closing, and re-opening following a halt, 

suspension, or pause as if they entered 

orders on that market directly. 

(C) Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants or Others 

The Exchange has 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: (A) Significantly affect 

the protection of investors or the public 

interest; (B) impose any significant 

burden on competition; and (C) by its 

terms, become operative for 30 days 

from the date on which it was filed or 

such shorter time as the Commission 

may designate it has become effective 

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

Act 15 and paragraph (f)(6) of Rule 19b– 

4 thereunder,16 the Exchange has 

designated this rule filing as noncontroversial. The Exchange has given 

the Commission written notice of its 

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. 

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: (1) Necessary or appropriate in 

the public interest; (2) for the protection 

of investors; or (3) 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 proposal 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– 

BatsEDGX–2017–37 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–BatsEDGX–2017–37. 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 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 

identifying information from 

submissions. You should submit only 

information that you wish to make 

available publicly. All submissions 

should refer to File No. SR–BatsEDGX– 

2017–37 and should be submitted on or 

before October 10, 2017. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.17

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–19805 Filed 9–18–17; 8:45 am] 

BILLING CODE 8011–01–P 


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