Document ID: SEC-2010-0246-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: NYSE Arca, Inc.
Posted Date: 2010-02-10T05:00Z

[Federal Register: February 10, 2010 (Volume 75, Number 27)]
[Notices]               
[Page 6740-6741]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr10fe10-129]                         

[[Page 6740]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-61482; File No. SR-NYSEArca-2010-06]

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

February 3, 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 January 28, 2010, NYSE Arca, Inc. (``NYSE Arca'' 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 designate 75 options classes to be added 
to the Penny Pilot Program for Options (``Penny Pilot'' or ``Pilot'') 
on February 1, 2010. 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.

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 Arca proposes to identify the next 75 options classes to be 
added to the Penny Pilot effective February 1, 2010. The Exchange 
recently received approval to extend and expand the Pilot through 
December 31, 2010.\3\ 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.\4\
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    \3\ See Exchange Act Release No. 60711 (September 23, 2009), 74 
FR 49419 (September 28, 2009) (order approving SR-NYSEArca-2009-44).
    \4\ Index products would be included in the expansion if the 
underlying index level was under 200.
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    NYSE Arca proposes adding the following 75 options classes to the 
Penny Pilot on February 1, 2010, based on national average daily volume 
from July 1, 2009 through December 31, 2009:

--------------------------------------------------------------------------------------------------------------------------------------------------------
          Nat'l ranking                   Symbol                  Company name               Nat'l ranking            Symbol             Company name
--------------------------------------------------------------------------------------------------------------------------------------------------------
131..............................  ABT.................  Abbott Laboratories.            192.................  LEAP................  Leap Wireless
                                                                                                                                      International Inc.
169..............................  AEM.................  Agnico-Eagle Mines Ltd.         205.................  LLY.................  Eli Lilly & Co.
151..............................  AET.................  Aetna Inc.                      162.................  LO..................  Lorillard Inc.
156..............................  AFL.................  Aflac Inc.                      152.................  LOW.................  Lowe's Cos Inc.
181..............................  AKAM................  Akamai Technologies Inc.        176.................  M...................  Macy's Inc.
178..............................  AMAT................  Applied Materials Inc.          155.................  MCO.................  Moody's Corp.
117..............................  AMR.................  AMR Corp.                       217.................  MET.................  MetLife Inc.
166..............................  ANF.................  Abercrombie & Fitch Co.         187.................  MMM.................  3M Co.
172..............................  APC.................  Anadarko Petroleum Corp.        140.................  MU..................  Micron Technology
                                                                                                                                      Inc.
209..............................  ATVI................  Activision Blizzard Inc.        177.................  NUE.................  Nucor Corp.
145..............................  BBD.................  Banco Bradesco SA.              157.................  OXY.................  Occidental
                                                                                                                                      Petroleum Corp.
190..............................  BCRX................  BioCryst Pharmaceuticals Inc.   158.................  PARD................  Poniard
                                                                                                                                      Pharmaceuticals
                                                                                                                                      Inc.
218..............................  BK..................  Bank of New York Mellon Corp/   150.................  PEP.................  PepsiCo Inc/NC.
                                                          The.
194..............................  BRCM................  Broadcom Corp.                  141.................  PM..................  Philip Morris
                                                                                                                                      International Inc.
184..............................  BTU.................  Peabody Energy Corp.            185.................  PNC.................  PNC Financial
                                                                                                                                      Services Group
                                                                                                                                      Inc.
144..............................  BX..................  Blackstone Group LP.            216.................  QID.................  ProShares
                                                                                                                                      UltraShort QQQ.
200..............................  CAL.................  Continental Airlines Inc.       149.................  SHLD................  Sears Holdings
                                                                                                                                      Corp.
211..............................  CF..................  CF Industries Holdings Inc.     175.................  SLM.................  SLM Corp.
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 SAB de CV.                219.................  STX.................  Seagate Technology.
183..............................  DD..................  EI du Pont de Nemours & Co.     202.................  SU..................  Suncor Energy Inc.
146..............................  ERTS................  Electronic Arts Inc.            207.................  TCK.................  Teck Resources Ltd.
121..............................  EWJ.................  iShares MSCI Japan Index Fund.  196.................  TEVA................  Teva Pharmaceutical
                                                                                                                                      Industries Ltd.
186..............................  FDX.................  FedEx Corp.                     135.................  TLT.................  iShares Barclays
                                                                                                                                      20+ Year Treasury
                                                                                                                                      Bond Fund.
118..............................  FNM.................  Federal National Mortgage       214.................  TZA.................  Direxion Daily
                                                          Association.                                                                Small Cap Bear 3X
                                                                                                                                      Shares.
182..............................  FRE.................  Federal Home Loan Mortgage      168.................  UAUA................  UAL Corp.
                                                          Corp.
179..............................  GILD................  Gilead Sciences Inc.            154.................  URE.................  ProShares Ultra
                                                                                                                                      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.

[[Page 6741]]

161..............................  HL..................  Hecla Mining Co.                165.................  WLP.................  WellPoint Inc.
193..............................  HOG.................  Harley-Davidson Inc.            191.................  XLB.................  Materials Select
                                                                                                                                      Sector SPDR Fund.
206..............................  HON.................  Honeywell International Inc.    173.................  XRX.................  Xerox Corp.
210..............................  JOYG................  Joy Global Inc.                 148.................  XTO.................  XTO Energy Inc.
213..............................  JWN.................  Nordstrom Inc.                  130.................  YRCW................  YRC Worldwide Inc.
137..............................  KFT.................  Kraft Foods Inc.
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2. Statutory Basis
    The Exchange believes 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 to be added to the 
Pilot in a manner consistent with prior approvals and filings.

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 \5\ and Rule 19b-4(f)(1) 
thereunder,\6\ 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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    \5\ 15 U.S.C. 78s(b)(3)(A)(i).
    \6\ 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-NYSEArca-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-NYSEArca-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 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 Arca's principal office and on its Web 
site at http://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-NYSEArca-2010-06 and should be submitted on or before March 
3, 2010.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(12).
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Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-2944 Filed 2-9-10; 8:45 am]
BILLING CODE 8011-01-P