Document ID: SEC-2010-0147-0001
Agency: sec
Document Type: Notice
Title: BATS Y-Exchange, Inc.; Notice of Filing of Application for Registration as a National Securities Exchange Under Section 6 of the Securities Exchange Act of 1934
Posted Date: 2010-01-28T05:00Z

[Federal Register: January 28, 2010 (Volume 75, Number 18)]
[Notices]               
[Page 4595-4596]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr28ja10-103]                         

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-61400; File No. 10-198]

 
BATS Y-Exchange, Inc.; Notice of Filing of Application for 
Registration as a National Securities Exchange Under Section 6 of the 
Securities Exchange Act of 1934

January 22, 2010.
    On October 20, 2009, BATS Y-Exchange, Inc. (``BATS Y Exchange'') 
submitted to the Securities and Exchange Commission (``Commission'') a 
Form 1 application under the Securities Exchange Act of 1934 
(``Exchange Act''), seeking registration as a national securities 
exchange under Section 6 of the Exchange Act. The Commission is 
publishing this notice to solicit comments on BATS Y Exchange's Form 1. 
The Commission will take these comments into consideration in making 
its determination about whether to grant BATS Y Exchange's request to 
be registered as a national securities exchange. The Commission shall 
grant such registration if it finds that the requirements of the 
Exchange Act and the rules and regulations thereunder with respect to 
BATS Y Exchange are satisfied.\1\
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    \1\ 15 U.S.C. 78s(a).
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    BATS Y Exchange's Form 1 provides detailed information on how it 
proposes to satisfy the requirements of the Exchange Act. BATS Y 
Exchange is wholly-owned by BATS Global Markets, Inc., which also owns 
BATS Exchange,

[[Page 4596]]

Inc. (``BATS X''). BATS Y Exchange would operate as a self-regulatory 
organization, separate from BATS X, under its own exchange license. In 
general, BATS Y Exchange will operate a fully automated electronic book 
for orders to buy or sell securities with a continuous, automated 
matching function. Liquidity will be derived from orders to buy and 
sell submitted to BATS Y Exchange electronically by BATS Y Exchange 
members from remote locations as well as from quotes submitted by BATS 
Y Exchange members that chose to register with BATS Y Exchange as a 
market maker. BATS Y Exchange will not have a trading floor.
    BATS Y Exchange's Form 1 is available at the Commission's Public 
Reference Room and http://www.sec.gov. Interested persons are invited 
to submit written data, views, and arguments concerning BATS Y 
Exchange's Form 1, including whether BATS Y Exchange's application is 
consistent with the Exchange 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 10-198 on the subject line.

Paper Comments

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

All submissions should refer to File Number 10-198. 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 BATS Y Exchange's Form 1 filed with the 
Commission, and all written communications relating to the application 
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 inspection and copying 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. 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 10-198 and should be submitted 
on or before March 15, 2010.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\2\
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    \2\ 17 CFR 200.30-3(a)(71)(i).
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Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-1767 Filed 1-27-10; 8:45 am]
BILLING CODE 8011-01-P