44008 Federal Register / Vol. 82, No. 181 / Wednesday, September 20, 2017 / Notices 

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

2 17 CFR 240.19b–4. 

3The discount will be on transaction fees only. 

Other fees, such as the Index License Surcharge, 

will not be discounted. 

4See CBOE’s Fees Schedule, Customer Large 

Trade Discount program. 

5The Exchange notes that the trading sessions has 

separate order books and require separate logins for 

access, and as there is no ‘‘rolling’’ of orders by the 

Exchange between the two sessions, in order to be 

eligible to qualify for the VIX Large Trade Discount, 

the competitive product list, or the 

modification of an existing product 

currently appearing on the market 

dominant or the competitive product 

list. 

Section II identifies the docket 

number(s) associated with each Postal 

Service request, the title of each Postal 

Service request, the request’s acceptance 

date, and the authority cited by the 

Postal Service for each request. For each 

request, the Commission appoints an 

officer of the Commission to represent 

the interests of the general public in the 

proceeding, pursuant to 39 U.S.C. 505 

(Public Representative). Section II also 

establishes comment deadline(s) 

pertaining to each request. 

The public portions of the Postal 

Service’s request(s) can be accessed via 

the Commission’s Web site (http://

www.prc.gov). Non-public portions of 

the Postal Service’s request(s), if any, 

can be accessed through compliance 

with the requirements of 39 CFR 

3007.40. 

The Commission invites comments on 

whether the Postal Service’s request(s) 

in the captioned docket(s) are consistent 

with the policies of title 39. For 

request(s) that the Postal Service states 

concern market dominant product(s), 

applicable statutory and regulatory 

requirements include 39 U.S.C. 3622, 39 

U.S.C. 3642, 39 CFR part 3010, and 39 

CFR part 3020, subpart B. For request(s) 

that the Postal Service states concern 

competitive product(s), applicable 

statutory and regulatory requirements 

include 39 U.S.C. 3632, 39 U.S.C. 3633, 

39 U.S.C. 3642, 39 CFR part 3015, and 

39 CFR part 3020, subpart B. Comment 

deadline(s) for each request appear in 

section II. 

II. Docketed Proceeding(s) 

1. Docket No(s).: CP2017–307; Filing 

Title: Notice of United States Postal 

Service of Filing a Functionally 

Equivalent Global Expedited Package 

Services 8 Negotiated Service 

Agreement and Application for NonPublic Treatment of Materials Filed 

Under Seal; Filing Acceptance Date: 

September 14, 2017; Filing Authority: 39 

CFR 3015.5; Public Representative: 

Timothy J. Schwuchow; Comments Due: 

September 22, 2017. 

2. Docket No(s).: CP2017–308; Filing 

Title: Notice of United States Postal 

Service of Filing a Functionally 

Equivalent Global Expedited Package 

Services 8 Negotiated Service 

Agreement and Application for NonPublic Treatment of Materials Filed 

Under Seal; Filing Acceptance Date: 

September 14, 2017; Filing Authority: 39 

CFR 3015.5; Public Representative: 

Timothy J. Schwuchow; Comments Due: 

September 22, 2017. 

3. Docket No(s).: CP2017–309; Filing 

Title: Notice of United States Postal 

Service of Filing a Functionally 

Equivalent Global Expedited Package 

Services 3 Negotiated Service 

Agreement and Application for NonPublic Treatment of Materials Filed 

Under Seal; Filing Acceptance Date: 

September 14, 2017; Filing Authority: 39 

CFR 3015.5; Public Representative: 

Jennaca D. Upperman; Comments Due: 

September 22, 2017. 

This notice will be published in the 

Federal Register. 

Stacy L. Ruble, 

Secretary. 

[FR Doc. 2017–20027 Filed 9–19–17; 8:45 am] 

BILLING CODE 7710–FW–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–81614; File No. SR–CBOE– 

2017–060] 

Self-Regulatory Organizations; 

Chicago Board Options Exchange, 

Incorporated; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Amend the Fees 

Schedule 

September 14, 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 1, 2017, Chicago Board 

Options Exchange, Incorporated (the 

‘‘Exchange’’ or ‘‘CBOE’’) 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 

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 

Fees Schedule. Specifically, the 

Exchange proposes to adopt a discount 

in the form of a cap on transaction fees 

for Market-Maker, Broker-Dealer, NonTrading Permit Holder Market-Maker, 

Professional/Voluntary Professional and 

Joint Back-Office executions in VIX. 

The text of the proposed rule change 

is also available on the Exchange’s Web 

site (http://www.cboe.com/AboutCBOE/ 

CBOELegalRegulatoryHome.aspx), at 

the Exchange’s Office of the Secretary, 

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 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The Exchange proposes to amend its 

Fees Schedule. Specifically, the 

Exchange proposes to adopt a discount 

in the form of a cap on transaction fees 

for Market-Maker, Broker-Dealer, NonTrading Permit Holder Market-Maker, 

Professional/Voluntary Professional and 

Joint Back-Office (i.e., ‘‘M’’, ‘‘B’’, ‘‘N’’, 

‘‘W’’ and ‘‘J’’ origin codes) executions in 

VIX (the ‘‘VIX Large Trade Discount’’). 

Particularly, regular transaction fees 

will only be charged for up to 250,000 

VIX options contracts per order for 

Market-Makers, Broker-Dealers, NonTrading Permit Holder Market-Makers, 

Professional/Voluntary Professionals 

and Joint Back-Offices.3 The Exchange 

notes that the proposed VIX Large Trade 

Discount is similar to the Customer 

Large Trade Discount (‘‘CLTD’’) program 

which places a cap on the quantity of 

Customer contracts (i.e., ‘‘C’’ origin 

code) that are assessed transaction fees 

in certain options classes, including 

VIX.4 Like the CLTD program, the Large 

Trade Discount will apply both in the 

Regular Trading Hours (‘‘RTH’’) Session 

and the Extended Trading Hours 

(‘‘ETH’’) Session, but for an order to be 

eligible to qualify for the discount, the 

order in its entirety must be executed in 

either RTH or ETH, but not both).5 Also 


sradovich on DSKBBY8HB2PROD with NOTICES
Federal Register / Vol. 82, No. 181 / Wednesday, September 20, 2017 / Notices 44009 

an order must be executed in its entirety in either 

RTH or ETH, but not partly in both. 

6 15 U.S.C. 78f(b). 

7 15 U.S.C. 78f(b)(5). 8 15 U.S.C. 78f(b)(4). 

9 15 U.S.C. 78s(b)(3)(A). 

10 17 CFR 240.19b–4(f). 

like the CLTD program, qualification of 

an order for the fee cap is based on the 

trade date and order ID on each order. 

For complex orders, the total contracts 

of an order (all legs by underlying 

symbol) are counted for purposes of 

calculating the fee cap. To qualify for 

the discount, the entire order quantity 

must be tied to a single order ID (unless 

the order is a complex order with a 

number of legs that exceeds system 

limitations) either within the CBOE 

Command system or PULSe or in the 

front end system used to enter and/or 

transmit the order (provided the 

Exchange is granted access to effectively 

audit such front end system) (the order 

must be entered in its entirety on one 

system so that the Exchange can clearly 

identify the total size of the order). For 

an order entered via PULSe or another 

front end system, or a complex order 

with multiple order IDs, a request must 

be submitted to the Exchange within 3 

business days of the transactions and 

must identify all necessary information, 

including the order ID and related trade 

details. Lastly, as noted above, only 

regular transaction fees are capped. To 

avoid potential confusion, however the 

Exchange proposes to make clear that 

floor brokerage fees are not subject to 

the cap on fees. 

The Exchange proposes to adopt the 

VIX Large Trade Discount in order to 

incentivize the sending of large VIX 

orders. The greater liquidity and trading 

volume that the proposed cap 

encourages would benefit all market 

participants trading VIX options. 

2. Statutory Basis 

The Exchange believes the proposed 

rule change is consistent with the 

Securities Exchange Act of 1934 (the 

‘‘Act’’) and the rules and regulations 

thereunder applicable to the Exchange 

and, in particular, the requirements of 

Section 6(b) of the Act.6 Specifically, 

the Exchange believes the proposed rule 

change is consistent with the Section 

6(b)(5) 7 requirements that the rules of 

an exchange be designed to prevent 

fraudulent and manipulative acts and 

practices, to promote just and equitable 

principles of trade, to foster cooperation 

and coordination with persons engaged 

in regulating, clearing, settling, 

processing information with respect to, 

and 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. The 

Exchange also believes the proposed 

rule change is consistent with Section 

6(b)(4) of the Act,8 which provides that 

Exchange rules may provide for the 

equitable allocation of reasonable dues, 

fees, and other charges among its 

Trading Permit Holders. 

The Exchange believes that adopting 

the VIX Large Trade Discount is 

reasonable because Market-Makers, 

Broker-Dealers, Non-Trading Permit 

Holder Market-Makers, Professional/ 

Voluntary Professionals and Joint BackOffices participants (i.e., non-Customer, 

non-Firm market participants) will 

receive a discount for very large trades 

that they would not otherwise receive, 

which promotes and encourages larger 

VIX executions on the Exchange. This 

change is equitable and not unfairly 

discriminatory because all nonCustomer, non-Firm market participants 

whose large trades qualify for the 

discount in VIX will receive it. The 

Exchange believes it’s equitable and not 

unfairly discriminatory to adopt a cap 

on transaction fees for VIX and not other 

products because the Exchange desires 

to encourage VIX trading, which, along 

with bringing greater VIX options 

trading opportunities to all market 

participants [sic]. The Exchange 

believes that it is not unfairly 

discriminatory to not apply the 

proposed cap to Customers, as 

Customers are eligible for a discount on 

VIX discount under the CLTD program. 

The Exchange believes that it is not 

unfairly discriminatory to not apply the 

proposed VIX Large Trade Discount 

program to Firms (i.e., Clearing Trading 

Holder Proprietary, ‘‘F’’ and ‘‘L’’ origin 

codes), as Firms are eligible for 

discounts on VIX under the CBOE 

Clearing Trading Permit Holder 

Proprietary Products Sliding Scales. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

CBOE 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 because, 

while the cap does not apply to 

Customers and Firms, other incentive 

programs already exist for those market 

participants with respect to VIX trading. 

Additionally, the proposed change is 

designed to encourage increased VIX 

options volume, which provides greater 

trading opportunities for all market 

participants. The Exchange believes that 

the proposed rule change will not cause 

an unnecessary burden on intermarket 

competition because VIX is only traded 

on CBOE. To the extent that the 

proposed changes make CBOE a more 

attractive marketplace for market 

participants at other exchanges, such 

market participants are welcome to 

become CBOE market participants. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

The Exchange neither solicited nor 

received comments on the proposed 

rule change. 

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) 

of the Act 9 and paragraph (f) of Rule 

19b–4 10 thereunder. 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 will institute proceedings 

to determine whether the proposed rule 

change 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– 

CBOE–2017–060 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–CBOE–2017–060. 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 


sradovich on DSKBBY8HB2PROD with NOTICES
44010 Federal Register / Vol. 82, No. 181 / Wednesday, September 20, 2017 / Notices 

11 17 CFR 200.30–3(a)(12). 

1Chicago Stock Exchange, Inc. filed its proposed 

rule change on June 5, 2017. 

2Financial Industry Regulatory Authority, Inc. 

filed its proposed rule change on June 19, 2017. 

3The Commission notes that Bats BYX Exchange, 

Inc. (‘‘Bats BYX’’), Bats BZX Exchange, Inc. (‘‘Bats 

BZX’’), Bats EDGA Exchange, Inc. (‘‘Bats EDGA’’), 

Bats EDGX Exchange, Inc. (‘‘Bats EDGX’’), BOX 

Options Exchange LLC (‘‘BOX’’), C2 Options 

Exchange, Inc., Chicago Board Options Exchange, 

Incorporated (‘‘CBOE’’), Investors Exchange LLC 

(‘‘IEX’’), Nasdaq ISE, LLC (‘‘ISE’’), Nasdaq MRX, 

LLC (‘‘MRX’’), Miami International Securities 

Exchange, LLC (‘‘MIAX’’), MIAX PEARL, LLC, The 

NASDAQ Stock Market LLC (‘‘Nasdaq’’), NASDAQ 

BX, Inc. (‘‘BX’’), Nasdaq GEMX, LLC (‘‘GEMX’’), 

NASDAQ PHLX LLC (‘‘Phlx’’), New York Stock 

Exchange LLC (‘‘NYSE’’), NYSE Arca, Inc. (‘‘NYSE 

Arca’’), NYSE MKT LLC (‘‘NYSE MKT’’) and NYSE 

National, Inc. are also deemed ‘‘Participants’’ for 

purposes of this Order as they, like CHX and 

FINRA, are also Participants of the National Market 

System Plan Governing the Consolidated Audit 

Trail (‘‘CAT NMS Plan’’ or ‘‘Plan’’). See infra note 

17. The Commission also notes that CHX refers to 

Participants of the Plan as ‘‘Plan Participants’’ in its 

proposal. 

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

5 17 CFR 240.19b–4. 

6Bats BYX, Bats BZX, Bats EDGA, Bats EDGX, 

BOX, CBOE, IEX, ISE, MRX, MIAX, Nasdaq, BX, 

GEMX, Phlx, NYSE, NYSE Arca and NYSE MKT 

also submitted proposed rule changes to establish 

procedures for resolving potential disputes related 

to CAT Fees charged to Industry Members. See 

Securities Exchange Act Release Nos. 80780 (May 

26, 2017), 82 FR 25382 (June 1, 2017); 80781 (May 

26, 2017), 82 FR 25369 (June 1, 2017); 80782 (May 

26, 2017), 82 FR 25379 (June 1, 2017); 80837 (June 

1, 2017), 82 FR 26526 (June 7, 2017); 80836 (June 

1, 2017), 82 FR 26539 (June 7, 2017); 80834 (June 

1, 2017), 82 FR 26542 (June 7, 2017); 80835 (June 

1, 2017), 82 FR 26549 (June 7, 2017); 80833 (June 

1, 2017), 82 FR 26529 (June 7, 2017); 80831 (June 

1, 2017), 82 FR 26536 (June 7, 2017); 80832 (June 

1, 2017), 82 FR 26523 (June 7, 2017); 80936 (June 

15, 2017), 82 FR 28153 (June 20, 2017); 80952 (June 

16, 2017), 82 FR 28540 (June 22, 2017); 80967 (June 

19, 2017), 82 FR 28719 (June 23, 2017); 80968 (June 

19, 2017), 82 FR 28705 (June 23, 2017); 80970 (June 

19, 2017), 82 FR 28708 (June 23, 2017); 80971 (June 

19, 2017), 82 FR 28698 (June 23, 2017); and 80966 

(June 19, 2017), 82 FR 28702 (June 23, 2017). 

7See Securities Exchange Act Release No. 80916 

(June 13, 2017), 82 FR 27904 (‘‘Notice’’). 

8See Securities Exchange Act Release No. 81053 

(June 29, 2017), 82 FR 31366. 

9 15 U.S.C. 78s(b)(2). 

10See Securities Exchange Act Release No. 81163 

(July 18, 2017), 82 FR 34343 (July 24, 2017); 81275 

(August 1, 2017), 82 FR 36836 (August 7, 2017). See 

also Securities Exchange Act Release No. 81110 

(July 10, 2017), 82 FR 32598 (July 14, 2017); 81112 

(July 10, 2017), 82 FR 32592 (July 14, 2017); 81113 

(July 10, 2017), 82 FR 32596 (July 14, 2017); 81156 

(July 18, 2017), 82 FR 34337 (July 24, 2017); 81157 

(July 18, 2017), 82 FR 34338 (July 24, 2017); 81158 

(July 18, 2017), 82 FR 34339 (July 24, 2017); 81159 

(July 18, 2017), 82 FR 34338 (July 24, 2017); 81161 

(July 18, 2017), 82 FR 34337 (July 24, 2017); 81162 

(July 18, 2017), 82 FR 34336 (July 24, 2017); 81164 

(July 18, 2017), 82 FR 34346 (July 24, 2017); 81165 

(July 18, 2017), 82 FR 34345 (July 24, 2017); 81166 

(July 18, 2017), 82 FR 34345 (July 24, 2017); 81167 

(July 18, 2017), 82 FR 34337 (July 24, 2017); 81178 

(July 20, 2017), 82 FR 34715 (July 26, 2017); 81179 

(July 20, 2017), 82 FR 34716 (July 26, 2017); 81180 

(July 20, 2017), 82 FR 34728 (July 26, 2017); and 

81181 (July 20, 2017), 82 FR 34727 (July 26, 2017). 

11Amendment No. 1 is available on the 

Commission’s Web site for CHX at: https://

www.sec.gov/comments/sr-chx-2017-11/chx201711- 

2433023-161039.pdf. 12Amendment No. 2 replaced and superseded 

Amendment No. 1 in its entirety. Amendment No. 

2 is available on the Commission’s Web site for 

FINRA at: https://www.sec.gov/comments/sr-finra2017-020/finra2017020-2442749-161061.pdf. 13The Amendments amended the original filings 

to make technical changes to the proposed rule 

changes. Specifically, each Participant amended the 

proposed rule text to remove references to proposed 

‘‘Consolidated Audit Trail Funding Fees,’’ as such 

fees are currently suspended, and replaced such 

term with the phrase ‘‘any fees contemplated by the 

CAT NMS Plan and imposed on Industry Members 

pursuant to [SRO] Rules.’’ See infra note 18. Each 

Participant also removed references to 

‘‘Consolidated Audit Trail Funding Fees’’ from 

paragraphs (a)(1), (b) and (c)(1) of the proposed rule 

text. The Amendments are not subject to notice and 

comment because they are technical amendments 

that do not materially alter the substance of the 

proposed rule changes or raise any novel regulatory 

issues. The Commission notes that on August 30, 

2017, the Commission approved the proposed rule 

changes filed by the other Participants to the CAT 

NMS Plan to establish procedures for resolving 

potential disputes related to CAT Fees charged to 

Industry Members, as modified by such 

amendments. See Securities Exchange Act Release 

No. 81500 (August 30, 2017), 82 FR 42143 

(September 6, 2017) (order approving proposed rule 

changes by Bats BYX, Bats BZX, Bats EDGA, Bats 

EDGX, BOX, CBOE, IEX, ISE, MRX, MIAX, Nasdaq, 

BX, GEMX, Phlx, NYSE, NYSE Arca and NYSE 

MKT to adopt a Consolidated Audit Trail Fee 

Dispute Resolution Process), at 42144 n.19. See also 

supra note 6. 

14The Commission notes that for purposes of this 

Order, unless otherwise specified, capitalized terms 

used in this Order are defined as set forth in the 

proposals, as modified by the Amendments, or in 

the CAT NMS Plan. See supra notes 11–12; see also 

infra note 17. 

15 15 U.S.C. 78k–1. 

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–CBOE– 

2017–060 and should be submitted on 

or before October 11, 2017. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.11

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–19966 Filed 9–19–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–81616; File Nos. SR–CHX– 

2017–11; SR–FINRA–2017–020] 

Self-Regulatory Organizations; 

Chicago Stock Exchange, Inc.; 

Financial Industry Regulatory 

Authority, Inc.; Order Approving 

Proposed Rule Changes, as Modified 

by Amendments, To Adopt a 

Consolidated Audit Trail Fee Dispute 

Resolution Process 

September 14, 2017. 

I. Introduction 

On June 5, 2017 1 and June 19, 2017,2

Chicago Stock Exchange, Inc. (‘‘CHX’’) 

and Financial Industry Regulatory 

Authority, Inc. (‘‘FINRA’’) (each, ‘‘SRO’’ 

or ‘‘Participant;’’ collectively, the 

‘‘Participants’’) 3 filed with the 

Securities and Exchange Commission 

(‘‘Commission’’), pursuant to Section 

19(b)(1) of the Securities Exchange Act 

of 1934 (‘‘Act’’) 4 and Rule 19b–4 

thereunder,5 proposed rule changes to 

establish the procedures for resolving 

potential disputes related to CAT Fees 

charged to Industry Members.6 The 

proposed rule change submitted by CHX 

was published for comment in the 

Federal Register on June 19, 2017.7 The 

proposed rule change submitted by 

FINRA was published for comment in 

the Federal Register on July 6, 2017.8

Pursuant to Section 19(b)(2) of the Act,9

the Commission designated a longer 

period within which to approve, 

disapprove, or institute proceedings to 

determine whether to approve or 

disapprove the proposed rule changes.10

The Commission received no comments 

in response to the proposed rule 

changes. On September 6, 2017, CHX 

filed Amendment No. 1 to its proposed 

rule change,11 and on September 13, 

2017, FINRA filed Amendment No. 2 to 

its proposed rule change.12 This order 

approves the proposed rule changes, as 

modified by the Amendments.13

II. Description of the Proposed Rule 

Changes, as Modified by the 

Amendments 14

The Participants filed with the 

Commission, pursuant to Section 11A of 

the Act 15 and Rule 608 of Regulation 


sradovich on DSKBBY8HB2PROD with NOTICES