43800 Federal Register / Vol. 82, No. 180 / Tuesday, September 19, 2017 / Notices 

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

2 17 CFR 240.19b–4. 

• enhance the quality, utility, and 

clarity of the information to be 

collected; and 

• minimize the burden of the 

collection of information on those who 

are to respond, including through the 

use of appropriate automated, 

electronic, mechanical, or other 

technological collection techniques or 

other forms of information technology, 

e.g., permitting electronic submission of 

responses. 

Issued in Washington, DC. 

Daniel Liebman, 

Acting Assistant General Counsel for 

Regulatory Affairs, Pension Benefit Guaranty 

Corporation. 

[FR Doc. 2017–19884 Filed 9–18–17; 8:45 am] 

BILLING CODE 7709–02–P 

POSTAL SERVICE 

Product Change—Priority Mail Express 

and Priority Mail Negotiated Service 

Agreement 

AGENCY: Postal ServiceTM. 

ACTION: Notice. 

SUMMARY: The Postal Service gives 

notice of filing a request with the Postal 

Regulatory Commission to add a 

domestic shipping services contract to 

the list of Negotiated Service 

Agreements in the Mail Classification 

Schedule’s Competitive Products List. 

DATES: Date of notice required under 39 

U.S.C. 3642(d)(1): September 19, 2017. 

FOR FURTHER INFORMATION CONTACT: 

Elizabeth A. Reed, 202–268–3179. 

SUPPLEMENTARY INFORMATION: The 

United States Postal Service® hereby 

gives notice that, pursuant to 39 U.S.C. 

3642 and 3632(b)(3), on September 13, 

2017, it filed with the Postal Regulatory 

Commission a Request of the United 

States Postal Service to Add Priority 

Mail Express & Priority Mail Contract 51 

to Competitive Product List. Documents 

are available at www.prc.gov, Docket 

Nos. MC2017–202, CP2017–305. 

Elizabeth A. Reed, 

Attorney, Corporate and Postal Business Law. 

[FR Doc. 2017–19851 Filed 9–18–17; 8:45 am] 

BILLING CODE 7710–12–P 

POSTAL SERVICE 

Product Change—Priority Mail 

Negotiated Service Agreement 

AGENCY: Postal ServiceTM. 

ACTION: Notice. 

SUMMARY: The Postal Service gives 

notice of filing a request with the Postal 

Regulatory Commission to add a 

domestic shipping services contract to 

the list of Negotiated Service 

Agreements in the Mail Classification 

Schedule’s Competitive Products List. 

DATES: Date of notice required under 39 

U.S.C. 3642(d)(1): September 19, 2017. 

FOR FURTHER INFORMATION CONTACT: 

Elizabeth A. Reed, 202–268–3179. 

SUPPLEMENTARY INFORMATION: The 

United States Postal Service® hereby 

gives notice that, pursuant to 39 U.S.C. 

3642 and 3632(b)(3), on September 13, 

2017, it filed with the Postal Regulatory 

Commission a Request of the United 

States Postal Service to Add Priority 

Mail Contract 357 to Competitive 

Product List. Documents are available at 

www.prc.gov, Docket Nos. MC2017–200, 

CP2017–303. 

Elizabeth A. Reed, 

Attorney, Corporate and Postal Business Law. 

[FR Doc. 2017–19849 Filed 9–18–17; 8:45 am] 

BILLING CODE 7710–12–P 

POSTAL SERVICE 

Product Change—Priority Mail and 

First-Class Package Service 

Negotiated Service Agreement 

AGENCY: Postal ServiceTM. 

ACTION: Notice. 

SUMMARY: The Postal Service gives 

notice of filing a request with the Postal 

Regulatory Commission to add a 

domestic shipping services contract to 

the list of Negotiated Service 

Agreements in the Mail Classification 

Schedule’s Competitive Products List. 

DATES: Date of notice required under 39 

U.S.C. 3642(d)(1): September 19, 2017. 

FOR FURTHER INFORMATION CONTACT: 

Elizabeth A. Reed, 202–268–3179. 

SUPPLEMENTARY INFORMATION: The 

United States Postal Service® hereby 

gives notice that, pursuant to 39 U.S.C. 

3642 and 3632(b)(3), on September 13, 

2017, it filed with the Postal Regulatory 

Commission a Request of the United 

States Postal Service to Add Priority 

Mail & First-Class Package Service 

Contract 57 to Competitive Product List. 

Documents are available at 

www.prc.gov, Docket Nos. MC2017–201, 

CP2017–304. 

Elizabeth A. Reed, 

Attorney, Corporate and Postal Business Law. 

[FR Doc. 2017–19850 Filed 9–18–17; 8:45 am] 

BILLING CODE 7710–12–P 

POSTAL SERVICE 

Product Change—Priority Mail 

Negotiated Service Agreement 

AGENCY: Postal ServiceTM. 

ACTION: Notice. 

SUMMARY: The Postal Service gives 

notice of filing a request with the Postal 

Regulatory Commission to add a 

domestic shipping services contract to 

the list of Negotiated Service 

Agreements in the Mail Classification 

Schedule’s Competitive Products List. 

DATES: Date of notice required under 39 

U.S.C. 3642(d)(1): September 19, 2017. 

FOR FURTHER INFORMATION CONTACT: 

Elizabeth A. Reed, 202–268–3179. 

SUPPLEMENTARY INFORMATION: The 

United States Postal Service® hereby 

gives notice that, pursuant to 39 U.S.C. 

3642 and 3632(b)(3), on September 13, 

2017, it filed with the Postal Regulatory 

Commission a Request of the United 

States Postal Service to Add Priority 

Mail Contract 356 to Competitive 

Product List. Documents are available at 

www.prc.gov, Docket Nos. MC2017–199, 

CP2017–302. 

Elizabeth A. Reed, 

Attorney, Corporate and Postal Business Law. 

[FR Doc. 2017–19848 Filed 9–18–17; 8:45 am] 

BILLING CODE 7710–12–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–81605; File No. SR–ISE– 

2017–81] 

Self-Regulatory Organizations; Nasdaq 

ISE, LLC; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Amend Its Schedule of 

Fees To Increase the Priority Customer 

Taker Fee for Regular Orders in SPY 

September 13, 2017. 

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 

September 1, 2017, Nasdaq ISE, LLC 

(‘‘ISE’’ or ‘‘Exchange’’) 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 Commission is 

publishing this notice to solicit 

comments on the proposed rule change 

from interested persons. 


asabaliauskas on DSKBBXCHB2PROD with NOTICES
Federal Register / Vol. 82, No. 180 / Tuesday, September 19, 2017 / Notices 43801 

3A ‘‘Priority Customer’’ is a person or entity that 

is not a broker/dealer in securities, and does not 

place more than 390 orders in listed options per day 

on average during a calendar month for its own 

beneficial account(s), as defined in Nasdaq ISE Rule 

100(a)(37A). 

4 ‘‘Select Symbols’’ are options overlying all 

symbols listed on the Nasdaq ISE that are in the 

Penny Pilot Program. 

5The term ‘‘Market Makers’’ refers to 

‘‘Competitive Market Makers’’ and ‘‘Primary Market 

Makers’’ collectively. See ISE Rule 100(a)(25). 

6A ‘‘Non-Nasdaq ISE Market Maker’’ is a market 

maker as defined in Section 3(a)(38) of the 

Securities Exchange Act of 1934, as amended, 

registered in the same options class on another 

options exchange. 

7A ‘‘Firm Proprietary’’ order is an order 

submitted by a member for its own proprietary 

account. 

8A ‘‘Broker-Dealer’’ order is an order submitted 

by a member for a broker-dealer account that is not 

its own proprietary account. 

9A ‘‘Professional Customer’’ is a person or entity 

that is not a broker/dealer and is not a Priority 

Customer. 

10 15 U.S.C. 78f. 

11 15 U.S.C. 78f(b)(4). 

12See MIAX Pearl Fee Schedule, Section 1(a) at: 

https://www.miaxoptions.com/sites/default/files/ 

fee_schedule-files/MIAX_PEARL_Fee_Schedule_

06302017.pdf. 

13 15 U.S.C. 78f(b)(8). 

14 15 U.S.C. 78s(b)(3)(A)(ii). 

15 17 CFR 240.19b–4(f)(2). 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange proposes to amend its 

Schedule of Fees to increase the Priority 

Customer taker fee for regular orders in 

SPY, as discussed further below. 

The text of the proposed rule change 

is available on the Exchange’s Web site 

at www.ise.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 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 the proposed rule 

change is to amend the Schedule of Fees 

to increase the Priority Customer 3 taker 

fee for regular orders in SPY, which is 

the most actively traded name on the 

Exchange. 

Currently, the Exchange charges a 

taker fee for regular orders in Select 

Symbols 4 that is $0.44 per contract for 

Market Maker 5 orders, $0.45 per 

contract for Non-Nasdaq ISE Market 

Maker,6 Firm Proprietary,7 BrokerDealer,8 and Professional Customer 9

orders, and $0.44 per contract for 

Priority Customer orders. In addition, 

the Exchange charges a reduced Priority 

Customer taker fee that is $0.30 per 

contract for regular orders in SPY, and 

$0.35 per contract for regular orders in 

QQQ, IWM and VXX. 

The Exchange now proposes to 

increase the Priority Customer taker fee 

for regular orders in SPY from $0.30 per 

contract to $0.34 per contract. This taker 

fee will remain unchanged for Select 

Symbols other than SPY. 

2. Statutory Basis 

The Exchange believes that the 

proposed rule change is consistent with 

the provisions of Section 6 of the Act,10

in general, and Section 6(b)(4) of the 

Act,11 in particular, in that it is designed 

to provide for the equitable allocation of 

reasonable dues, fees, and other charges 

among its members and other persons 

using its facilities. 

The Exchange believes that it is 

reasonable and equitable to increase the 

Priority Customer taker fee for regular 

orders in SPY because the proposed fee 

remains lower than both the Priority 

Customer taker fees that the Exchange 

currently charges for other Select 

Symbols, including QQQ, IWM and 

VXX, and the fees charged to other 

market participants that remove 

liquidity on the Exchange. As such, the 

Exchange believes that the proposed 

pricing for SPY, which is the most 

actively traded name on ISE, will 

continue to attract Priority Customer 

order flow in SPY to the benefit of all 

members that trade on the Exchange. 

The Exchange further notes that the 

proposed Priority Customer taker fee for 

SPY is still lower than the rate charged 

by one of the Exchange’s competitors.12

In addition, the Exchange believes 

that it is equitable and not unfairly 

discriminatory to only offer the 

proposed taker fee to Priority Customer 

orders. A Priority Customer is by 

definition not a broker or dealer in 

securities, and does not place more than 

390 orders in listed options per day on 

average during a calendar month for its 

own beneficial account(s). This 

limitation does not apply to participants 

on the Exchange whose behavior is 

substantially similar to that of market 

professionals, including Professional 

Customers, who will generally submit a 

higher number of orders than Priority 

Customers. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

In accordance with Section 6(b)(8) of 

the Act,13 the Exchange does not believe 

that the proposed rule change will 

impose any burden on intermarket or 

intramarket competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. The 

Exchange believes that the proposed fee 

remains competitive with those on other 

options markets, and will continue to 

attract order flow to the Exchange. The 

Exchange operates in a highly 

competitive market in which market 

participants can readily direct their 

order flow to competing venues. In such 

an environment, the Exchange must 

continually review, and consider 

adjusting, its fees and rebates to remain 

competitive with other exchanges. For 

the reasons described above, the 

Exchange believes that the proposed fee 

changes reflect this competitive 

environment. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments were either 

solicited or received. 

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)(ii) of the Act,14 and Rule 

19b–4(f)(2) 15 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: (i) 

Necessary or appropriate in the public 

interest; (ii) for the protection of 

investors; or (iii) 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 


asabaliauskas on DSKBBXCHB2PROD with NOTICES
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