Document ID: SEC-2010-0790-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: NYSE Arca, Inc.
Posted Date: 2010-05-28T04:00Z

[Federal Register: May 28, 2010 (Volume 75, Number 103)]
[Notices]               
[Page 30095]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr28my10-146]                         

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-62157; File No. SR-NYSEArca-2010-28]

 
Self-Regulatory Organizations; NYSE Arca, Inc.; Order Approving 
Proposed Rule Amending Its Schedule of Fees

May 24, 2010.
    On April 12, 2010, NYSE Arca, Inc. (``NYSE Arca'') filed with the 
Securities and Exchange Commission (``Commission''), pursuant to 
Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\ 
and Rule 19b-4 thereunder,\2\ a proposed rule change to extend a pilot 
program capping transaction fees for strategy executions. Under this 
pilot program, strategy executions are capped at $750 per transaction, 
and $25,000 per month per initiating firm. This proposed rule change 
retroactively extended the duration of this pilot program from March 1, 
2010 through April 1, 2010. The proposed rule change was published for 
comment in the Federal Register on April 19, 2010.\3\ The Commission 
received no comments regarding the proposal.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 61895 (April 13, 
2010), 75 FR 20417.
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    The Commission has carefully reviewed the proposed rule change and 
finds that the proposed rule change is consistent with the requirements 
of the Act and the rules and regulations thereunder applicable to a 
national securities exchange \4\ and, in particular, Section 6(b)(5) of 
the Act,\5\ which requires that an exchange have rules designed to 
prevent fraudulent and manipulative acts and practices, promote just 
and equitable principles of trade, foster cooperation and coordination 
with persons engaged in facilitating transactions in securities, and 
remove impediments to and perfect the mechanism of a free and open 
market and a national market system. Specifically, the proposed rule 
change allows the pilot program to continue without interruption from 
March 1, 2010 through April 1, 2010.
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    \4\ In approving this proposed rule change, the Commission has 
considered the proposed rule's impact on efficiency, competition, 
and capital formation. See 15 U.S.C. 78c(f).
    \5\ 15 U.S.C. 78f(b)(5).
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    It is therefore ordered, pursuant to Section 19(b)(2) of the Act, 
that the proposed rule change (SR-NYSEArca-2010-28) be, and it hereby 
is, approved.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(12).
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Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-12874 Filed 5-27-10; 8:45 am]
BILLING CODE 8010-01-P