Document ID: SEC-2010-0211-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: NYSE Amex LLC
Posted Date: 2010-02-09T05:00Z

[Federal Register: February 9, 2010 (Volume 75, Number 26)]
[Notices]               
[Page 6424-6426]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr09fe10-109]                         

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-61471; File No. SR-NYSEAmex-2010-06]

 
Self-Regulatory Organizations; NYSE Amex LLC; Notice of Filing 
and Immediate Effectiveness of Proposed Rule Change Adding 75 Options 
Classes to the Penny Pilot Program

February 2, 2010.
    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 February 1, 2010, NYSE Amex LLC (the ``NYSE Amex'' or the 
``Exchange'') 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 self-regulatory 
organization. The Commission is publishing this notice to solicit 
comments on the proposed rule change from interested persons.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange proposes to identify the next 75 options classes to be 
added to the Penny Pilot Program for Options (``Penny Pilot'' or 
``Pilot'') on November 2, 2009 [sic].\3\ There are no changes to the 
Rule text. A copy of this filing is available on the Exchange's Web 
site at http://www.nyse.com, at the Exchange's principal office, at the 
Commission's Public Reference Room and on the Commission's Web site at 
http://www.sec.gov.
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    \3\ The Commission notes that the form 19b-4 correctly notes 
that the 75 new classes were added to the Penny Pilot on February 1, 
2010.

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[[Page 6425]]

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 self-regulatory organization 
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 those 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
    NYSE Amex proposes to identify the next 75 options classes to be 
added to the Penny Pilot effective February 1, 2010. The Exchange 
recently filed to extend and expand the Pilot through December 31, 
2010.\4\ In that filing, the Exchange had proposed expanding the Pilot 
on a quarterly basis to add the next 75 most actively traded multiply 
listed options classes based on national average daily volume for the 
six-months prior to selection, closing under $200 per share on the 
Expiration Friday prior to expansion, except that the month immediately 
preceding their addition to the Penny Pilot will not be used for the 
purpose of the six month analysis.\5\
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    \4\ See Exchange Act Release No. 61106 (December 3, 2009) 74 FR 
65193 (December 9, 2009).
    \5\ Index products would be included in the expansion if the 
underlying index level was under 200.

----------------------------------------------------------------------------------------------------------------
         Nat'l ranking            Symbol       Company name       Nat'l ranking      Symbol       Company name
----------------------------------------------------------------------------------------------------------------
131...........................  ABT         Abbott              192..............  LEAP        Leap Wireless
                                             Laboratories.                                      International
                                                                                                Inc.
169...........................  AEM         Agnico-Eagle Mines  205..............  LLY         Eli Lilly & Co.
                                             Ltd.
151...........................  AET         Aetna Inc.          162..............  LO          Lorillard Inc.
156...........................  AFL         Aflac Inc.          152..............  LOW         Lowe's Co.s Inc.
181...........................  AKAM        Akamai              176..............  M           Macy's Inc.
                                             Technologies Inc.
178...........................  AMAT        Applied Materials   155..............  MCO         Moody's Corp.
                                             Inc.
117...........................  AMR         AMR Corp.           217..............  MET         MetLife Inc.
166...........................  ANF         Abercrombie &       187..............  MMM         3M Co.
                                             Fitch Co.
172...........................  APC         Anadarko Petroleum  140..............  MU          Micron Technology
                                             Corp.                                              Inc.
209...........................  ATVI        Activision          177..............  NUE         Nucor Corp.
                                             Blizzard Inc.
145...........................  BBD         Banco Bradesco SA.  157..............  OXY         Occidental
                                                                                                Petroleum Corp.
190...........................  BCRX        BioCryst            158..............  PARD        Poniard
                                             Pharmaceuticals                                    Pharmaceuticals
                                             Inc.                                               Inc.
218...........................  BK          Bank of New York    150..............  PEP         PepsiCo. Inc./NC.
                                             Mellon Corp./The.
194...........................  BRCM        Broadcom Corp.      141..............  PM          Philip Morris
                                                                                                International
                                                                                                Inc.
184...........................  BTU         Peabody Energy      185..............  PNC         PNC Financial
                                             Corp.                                              Services Group
                                                                                                Inc.
144...........................  BX          Blackstone Group    216..............  QID         ProShares
                                             LP.                                                UltraShort QQQ.
200...........................  CAL         Continental         149..............  SHLD        Sears Holdings
                                             Airlines Inc.                                      Corp.
211...........................  CF          CF Industries       175..............  SLM         SLM Corp.
                                             Holdings Inc.
142...........................  CMCSA       Comcast Corp.       212..............  SLW         Silver Wheaton
                                                                                                Corp.
203...........................  CSX         CSX Corp.           215..............  SQNM        Sequenom Inc.
143...........................  CVS         CVS Caremark Corp.  153..............  STEC        STEC Inc.
174...........................  CX          Cemex SA.B de CV.   219..............  STX         Seagate
                                                                                                Technology.
183...........................  DD          EI du Pont de       202..............  SU          Suncor Energy
                                             Nemours & Co.                                      Inc.
146...........................  ERTS        Electronic Arts     207..............  TCK         Teck Resources
                                             Inc.                                               Ltd.
121...........................  EWJ         iShares MSCI Japan  196..............  TEVA        Teva
                                             Index Fund.                                        Pharmaceutical
                                                                                                Industries Ltd.
186...........................  FDX         FedEx Corp.         135..............  TLT         iShares Barclays
                                                                                                20+ Year
                                                                                                Treasury Bond
                                                                                                Fund.
118...........................  FNM         Federal National    214..............  TZA         Direxion Daily
                                             Mortgage                                           Small Cap Bear
                                             Association.                                       3X Shares.
182...........................  FRE         Federal Home Loan   168..............  UAUA        UAL Corp.
                                             Mortgage Corp.
179...........................  GILD        Gilead Sciences     154..............  URE         ProShares Ultra
                                             Inc.                                               Real Estate.
198...........................  GLW         Corning Inc.        180..............  UTX         United
                                                                                                Technologies
                                                                                                Corp.
170...........................  HBC         HSBC Holdings PLC.  204..............  WFR         MEMC Electronic
                                                                                                Materials Inc.
197...........................  HES         Hess Corp.          115..............  WFT         Weatherford
                                                                                                International
                                                                                                Ltd.
161...........................  HL          Hecla Mining Co.    165..............  WLP.        WellPoint Inc.
193...........................  HOG         Harley-Davidson     191..............  XLB         Materials Select
                                             Inc.                                               Sector SPDR
                                                                                                Fund.
206...........................  HON         Honeywell           173..............  XRX         Xerox Corp.
                                             International
                                             Inc.
210...........................  JOYG        Joy Global Inc.     148..............  XTO         XTO Energy Inc.
213...........................  JWN         Nordstrom Inc.      130..............  YRCW        YRC Worldwide
                                                                                                Inc.
137...........................  KFT         Kraft Foods Inc.                       ..........  .................
----------------------------------------------------------------------------------------------------------------

2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent 
with and furthers the objectives of Section 6(b)(5) of the Act, in that 
it is designed to promote just and equitable principles of trade, 
remove impediments to and perfect the mechanisms of a free and open 
market and a national market system and, in general, to protect 
investors and the public interest, by identifying the options classes 
added to the Pilot in a manner consistent with prior approvals and 
filings.

[[Page 6426]]

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.

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 proposed rule change is effective upon filing pursuant to 
Section 19(b)(3)(A)(i) of the Exchange Act \6\ and Rule 19b-4(f)(1) 
thereunder,\7\ in that it constitutes a stated policy, practice, or 
interpretation with respect to the meaning, administration, or 
enforcement of an existing rule of the Exchange. At any time within 60 
days of the filing of the proposed rule change, the Commission may 
summarily abrogate the rule change if it appears to the Commission that 
the action is necessary or appropriate in the public interest, for the 
protection of investors, or would otherwise further the purposes of the 
Act.
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    \6\ 15 U.S.C. 78s(b)(3)(A)(i).
    \7\ 17 CFR 240.19b-4(f)(1).
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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 e-mail to rule-comments@sec.gov. Please include 
File Number SR-NYSEAmex-2010-06 on the subject line.

Paper Comments

     Send paper comments in triplicate to Elizabeth M. Murphy, 
Secretary, Securities and Exchange Commission, 100 F Street, NE., 
Washington DC 20549-1090.

All submissions should refer to File Number SR-NYSEAmex-2010-06. This 
file number should be included on the subject line if e-mail 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 a.m. and 3 p.m. Copies of such filing also will be 
available for inspection and copying at NYSE Amex's principal office 
and on its Web site at www.nyse.com. 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-NYSEAmex-2010-06 and should be submitted on 
or before March 2, 2010.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\8\
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    \8\ 17 CFR 200.30-3(a)(12).
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Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-2739 Filed 2-8-10; 8:45 am]
BILLING CODE 8011-01-P