Federal Register / Vol. 82, No. 212 / Friday, November 3, 2017 / Notices 51317 

45See id. at 5–6. 

46 15 U.S.C. 78s(b)(2) 

47 15 U.S.C. 78s(b)(2). 

48 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3The Exchange initially filed the proposed rule 

changes on October 16, 2017 (SR–C2–2017–027). 

On October 19, 2017 the Exchange withdrew SR– 

C2–2017–027 and then subsequently submitted this 

filing (SR–C2–2017–028). 

No. 1 eliminated the concept of 

‘‘refreshing’’ a Snapshot and instead 

clarified the specific circumstances in 

which a Floor Broker will be permitted 

to take a new Snapshot and the 

conditions that must be satisfied to do 

so (e.g., re-announcing the order to the 

trading crowd and provisionally reexecuting the order). The Exchange 

states that the changes in Amendment 

No. 1 simplify the proposal and will 

make it easier for the Exchange to 

administer and surveil the use of the 

Snapshot functionality.45 In addition, 

the Commission notes that the changes 

may create additional opportunities for 

orders to interact in the trading crowd 

in those occasional instances when a 

provisional execution pursuant to Phlx 

Rule 1000(f)(iii)(E) does not result in a 

validated execution in the Trading 

System. Accordingly, the Commission 

finds good cause, pursuant to Section 

19(b)(2) of the Act,46 to approve the 

proposed rule change, as modified by 

Amendment No. 1, on an accelerated 

basis. 

VI. Conclusion 

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Act,47 that the 

proposed rule change (SR–Phlx–2017– 

34), as modified by Amendment No. 1, 

be, and it hereby is, approved on an 

accelerated basis. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.48

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–23926 Filed 11–2–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–81979; File No. SR–C2– 

2017–028] 

Self-Regulatory Organizations; C2 

Options Exchange, Incorporated; 

Notice of Filing and Immediate 

Effectiveness of a Proposed Rule 

Change Relating To Reflect in the 

Exchange’s Governing Documents, 

Rulebook and Fees Schedules, a NonSubstantive Corporate Branding 

Change, Including Changes to the 

Company’s Name, the Intermediate’s 

Name, and the Exchange’s Name 

October 30, 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 October 

19, 2017, C2 Options Exchange, 

Incorporated (the ‘‘Exchange’’ or ‘‘C2’’) 

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 filed a proposed rule 

change with respect to amendments of 

the Second Amended and Restated 

Certificate of Incorporation (the 

‘‘Company’s Certificate’’) and Third 

Amended and Restated Bylaws (the 

‘‘Company’s Bylaws’’) of its parent 

corporation, CBOE Holdings, Inc. 

(‘‘CBOE Holdings’’ or the ‘‘Company’’) 

to change the name of the Company to 

Cboe Global Markets, Inc. The Exchange 

also proposes to amend its Fourth 

Amended and Restated Certificate of 

Incorporation (the ‘‘Exchange 

Certificate’’), Eighth Amended and 

Restated Bylaws of C2 Options 

Exchange, Incorporated (the ‘‘Exchange 

Bylaws’’), rulebook and fees schedules 

(collectively ‘‘operative documents’’) in 

connection with the name change of its 

parent Company and the Exchange. 

The text of the proposed rule change 

is also available on the Exchange’s Web 

site (http://www.c2exchange.com/Legal/ 

), 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 

Background 

The purpose of this filing is to reflect 

in the Exchange’s governing documents 

(and the governing documents of its 

parent company, CBOE Holdings) and 

the Exchange’s rulebook and fees 

schedules, a non-substantive corporate 

branding change, including changes to 

the Company’s name and the 

Exchange’s name.3 Particularly, 

references to Company’s and Exchange’s 

names will be deleted and revised to 

state the new names, as described more 

fully below. No other substantive 

changes are being proposed in this 

filing. The Exchange represents that 

these changes are concerned solely with 

the administration of the Exchange and 

do not affect the meaning, 

administration, or enforcement of any 

rules of the Exchange or the rights, 

obligations, or privileges of Exchange 

members or their associated persons is 

[sic] any way. Accordingly, this filing is 

being submitted under Rule 19b–4(f)(3). 

In lieu of providing a copy of the 

marked name changes, the Exchange 

represents that it will make the 

necessary non-substantive revisions 

described below to the Exchange’s 

corporate governance documents, 

rulebook, and fees schedules, and post 

updated versions of each on the 

Exchange’s Web site pursuant to Rule 

19b–4(m)(2). 

The Company’s Name Change 

In connection with the corporate 

name change of its parent company, the 

Exchange is proposing to amend the 

Company’s Certificate and Bylaws. 

Specifically, the Company is changing 

its name from ‘‘CBOE Holdings, Inc.’’ to 

‘‘Cboe Global Markets, Inc.’’ 

(a) Company’s Certificate 

The Exchange proposes to (i) delete 

the following language from Paragraph 

(1) of the introductory paragraph: ‘‘The 

name of the Corporation is CBOE 

Holdings, Inc.’’ and (ii) amend Article 

First of the Company’s Certificate to 

reflect the new name, ‘‘Cboe Global 

Markets, Inc.’’. The Exchange also 

proposes to add clarifying language and 

cite to the applicable provisions of the 

General Corporation Law of the State of 


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51318 Federal Register / Vol. 82, No. 212 / Friday, November 3, 2017 / Notices 

4See Section 242(b) of the General Corporation 

Law of the State of Delaware. 

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

6 15 U.S.C. 78f(b)(5). 

Delaware in connection with the 

proposed name change. The Exchange 

notes that it is not amending the 

Company’s name in the title or signature 

line as the name changes will not be 

effective until the Company, as 

currently named, files the proposed 

changes in Delaware. Thereafter, the 

Exchange will amend the Certificate to 

reflect the new name in the title and 

signature line. The Exchange also notes 

that although the name of ‘‘Chicago 

Board Options Exchange, Incorporated’’ 

is changing to ‘‘Cboe Exchange Inc.’’, it 

is not amending the name of Chicago 

Board Options Exchange, Incorporated 

(‘‘CBOE’’) referenced in Article 

Fifth(a)(iii) at this time. Particularly, the 

Exchange notes that unlike the 

exception applicable to proposed 

changes to the Company’s name,4 a vote 

of stockholders is required to adopt an 

amendment to the reference of CBOE’s 

name. As such, the Exchange will 

submit a rule filing to amend the 

Certificate to reflect the new CBOE 

name at such time it is ready to obtain 

stockholder approval. 

(b) Company’s Bylaws 

With respect to the Company’s 

Bylaws, references to ‘‘CBOE Holdings, 

Inc.’’ will be deleted and revised to state 

‘‘Cboe Global Markets, Inc.’’ The 

Exchange also proposes to eliminate the 

reference to ‘‘Chicago Board Options 

Exchange, Incorporated’’ in Article 10, 

Section 10.2. Particularly, Section 10.2 

provides that ‘‘for so long as the 

Corporation shall control, directly or 

indirectly, any national securities 

exchange, including, but not limited to 

Chicago Board Options Exchange, 

Incorporated (a ‘‘Regulated Securities 

Exchange Subsidiary’’), before any 

amendment, alteration or repeal of any 

provision of the Bylaws shall be 

effective, such amendment, alteration or 

repeal shall be submitted to the board of 

directors of each Regulated Securities 

Exchange Subsidiary, and if such 

amendment, alteration or repeal must be 

filed with or filed with and approved by 

the Securities and Exchange 

Commission, then such amendment, 

alteration or repeal shall not become 

effective until filed with or filed with 

and approved by the Securities and 

Exchange Commission, as the case may 

be.’’ As the Company currently controls 

a number of Regulated Securities 

Exchange Subsidiaries, it does not 

believe it is necessary to explicitly 

reference only Chicago Board Option 

Exchange, Incorporated and therefore 

proposes to delete the following 

language: ‘‘Including, but not limited to 

Chicago Board Options Exchange, 

Incorporated’’. 

The Exchange’s Name Change 

For purposes of consistency, certain 

of the Parent’s subsidiaries have also 

undertaken to change their legal names. 

As a result, the Exchange also proposes 

to change its name from ‘‘C2 Options 

Exchange, Incorporated’’ to ‘‘Cboe C2 

Exchange, Inc.’’ throughout its rules, 

fees schedules and corporate 

documents. Additionally the Exchange 

notes that the Chicago Board Options 

Exchange, Incorporated is filing a 

similar rule filing to change its name to 

‘‘Cboe Exchange, Inc.’’ and change 

references to ‘‘CBOE’’ to ‘‘Cboe 

Options’’, with the exception that 

references to ‘‘CBOE Command’’, 

‘‘CBOE Application Server’’ and ‘‘CBOE 

Market Interface’’ will be deleted and 

revised to state ‘‘Cboe Command’’, 

‘‘Cboe Application Server’’, and ‘‘Cboe 

Market Interface’’, respectively. The 

Exchange therefore also proposes to 

replace any of these references 

throughout the C2 operative documents 

accordingly. Lastly, the Exchange is 

changing the name of ‘‘Market Data 

Express, LLC’’ to ‘‘Cboe Data Services, 

LLC’’ and consequently also changing 

references to ‘‘MDX’’ to ‘‘CDS’’. 

Therefore, the Exchange proposes to 

amend its: (i) Fourth Amended and 

Restated Certificate of Incorporation of 

C2 Options Exchange, Incorporated (ii) 

Eighth Amended and Restated Bylaws 

of C2 Options Exchange, Incorporated, 

(iii) Rulebook, (iv) Fees Schedule and 

(v) Market Data Express, LLC Fees 

Schedule (collectively, the ‘‘Operative 

Documents’’) to reflect the name 

changes. 

(a) Exchange’s Certificate 

The Exchange proposes to (i) delete 

the following language from the 

introductory paragraph: ‘‘The name of 

the Corporation is C2 Options Exchange, 

Incorporated’’ and (ii) amend Article 

First of the Exchange’s Certificate to 

reflect the new name, ‘‘Cboe C2 

Exchange, Inc.’’. The Exchange also 

proposes to change references to its 

parent company, ‘‘CBOE Holdings, Inc.’’ 

to ‘‘Cboe Global Markets, Inc.’’. The 

Exchange notes that it is not amending 

the Exchange’s name in the title, 

introductory paragraph or signature line 

as the name changes will not be 

effective until the Exchange, as 

currently named, files the proposed 

changes in Delaware. Thereafter, the 

Exchange will amend the Certificate to 

reflect the new name in the title, 

introductory paragraph and signature 

line. 

(b) Exchange’s Bylaws 

For the Exchange’s Bylaws, all 

references to ‘‘C2 Options Exchange, 

Incorporated’’ will be deleted and 

revised to state ‘‘Cboe C2 Exchange, 

Inc.’’. 

(c) Exchange’s Rulebook 

For the Rules of C2 Options Exchange, 

Incorporated, all references to ‘‘C2 

Options Exchange, Incorporated’’ will 

be deleted and revised to state ‘‘Cboe C2 

Exchange, Inc.’’ Additionally, all 

references to ‘‘Chicago Board Options 

Exchange, Incorporated’’ will be deleted 

and revised to state ‘‘Cboe Exchange, 

Inc.’’ and all references to ‘‘CBOE’’ will 

be deleted and revised to state ‘‘Cboe 

Options’’, with the exception that any 

references to ‘‘CBOE Command’’, 

‘‘CBOE Application Server’’ and ‘‘CBOE 

Market Interface’’ will change to ‘‘Cboe 

Command, ‘‘Cboe Application Server’’, 

and ‘‘Cboe Market Interface’’, 

respectively. 

(d) Exchange’s Fees Schedule 

For the C2 Options Exchange, 

Incorporated Fees Schedule, any 

reference to ‘‘C2 Options Exchange, 

Incorporated’’ will be deleted and 

revised to state ‘‘Cboe C2 Exchange, 

Inc.’’. Additionally, all references to 

‘‘CBOE’’ will be deleted and revised to 

state ‘‘Cboe Options’’. 

(e) Market Data Express, LLC Fees 

Schedule 

For the Market Data Express, LLC 

Fees Schedule, all references to ‘‘Market 

Data Express, LLC’’ will be deleted and 

revised to state ‘‘Cboe Data Services, 

LLC’’ and references to ‘‘CBOE 

Streaming Markets’’ will be deleted in 

its entirety. Additionally references to 

‘‘MDX’’ will be deleted and revised to 

state ‘‘CDS’’. 

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.5 Specifically, 

the Exchange believes the proposed rule 

change is consistent with the Section 

6(b)(5) 6 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, 


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Federal Register / Vol. 82, No. 212 / Friday, November 3, 2017 / Notices 51319 

7 15 U.S.C. 78s(b)(3)(A). 

8 17 CFR 240.19b–4(f). 9 17 CFR 200.30–3(a)(12). 

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

2 15 U.S.C. 78a. 

3 17 CFR 240.19b–4. 

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

5 17 CRF 240.19b–4. 

6See Rule 11.190(c)(3). 

7See Rule 11.350(f). 

8See Rule 1.160(gg). 

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

10 17 CFR 240.19b–4. 

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. 

In particular, the proposed change is 

a non-substantive change and does not 

impact the governance, ownership or 

operations of the Exchange. The 

Exchange believes that by ensuring that 

its parent company’s governance 

documents and the Exchanges operative 

documents accurately reflect the new 

legal names, the proposed rule change 

would reduce potential investor or 

market participant confusion. 

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 

proposed rule change is not intended to 

address competitive issues but rather is 

concerned solely with updating the 

Company’s and Exchange’s governance 

and operative documents to reflect the 

abovementioned name change. 

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 7 and paragraph (f) of Rule 

19b–4 8 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– 

C2–2017–028 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–C2–2017–028. 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. 

Persons submitting comments are 

cautioned that we do not redact or edit 

personal identifying information from 

comment submissions. You should 

submit only information that you wish 

to make available publicly. All 

submissions should refer to File 

Number SR–C2–2017–028 and should 

be submitted on or before November 24, 

2017. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.9

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–23925 Filed 11–2–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–81982; File No. SR–IEX– 

2017–36] 

Self-Regulatory Organizations; 

Investors Exchange LLC; Notice of 

Filing and Immediate Effectiveness of 

Proposed Rule Change To Clarify the 

Eligibility of Market Orders and Limit 

Orders With a Time-In-Force of DAY for 

a Volatility Auction Occurring Outside 

of Regular Market Hours 

October 30, 2017. 

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

Securities Exchange Act of 1934 (the 

‘‘Act’’) 2 and Rule 19b–4 thereunder,3

notice is hereby given that on October 

19, 2017, the Investors Exchange LLC 

(‘‘IEX’’ or the ‘‘Exchange’’) filed with the 

Securities and Exchange Commission 

(the ‘‘Commission’’) the proposed rule 

change as described in Items I and II 

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. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

(a)[sic] Pursuant to the provisions of 

Section 19(b)(1) under the Securities 

Exchange Act of 1934 (‘‘Act’’),4 and 

Rule 19b–4 thereunder,5 Investors 

Exchange LLC (‘‘IEX’’ or ‘‘Exchange’’) is 

filing with the Commission a proposed 

rule change to clarify the eligibility of 

market orders and limit orders with a 

time-in-force of DAY 6 for a Volatility 

Auction 7 occurring outside of Regular 

Market Hours.8 The Exchange has 

designated this rule change as ‘‘noncontroversial’’ under Section 19(b)(3)(A) 

of the Act 9 and provided the 

Commission with the notice required by 

Rule 19b–4(f)(6) thereunder.10

The text of the proposed rule change 

is available at the Exchange’s Web site 

at www.iextrading.com, at the principal 

office of the Exchange, and at the 

Commission’s Public Reference Room. 


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