Document ID: SEC-2006-1051-0001
Agency: sec
Document Type: Notice
Title: Self-regulatory organizations; proposed rule changes: International Securities Exchange, Inc.
Posted Date: 2006-08-15T04:00Z

[Federal Register: August 15, 2006 (Volume 71, Number 157)]
[Notices]               
[Page 46946-46947]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr15au06-70]                         

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-54296; File No. SR-ISE-2006-30]

 
Self-Regulatory Organizations; International Securities Exchange, 
Inc.; Order Approving a Proposed Rule Change, and Amendment No. 1 
Thereto, Increasing the Linkage Inbound Principal Order Fee

August 9, 2006.
    On June 5, 2006, the International Securities Exchange, Inc. 
(``ISE'' or ``Exchange'') 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 amend its Schedule of Fees in 
the manner described below. On June 29,

[[Page 46947]]

2006, the Exchange filed Amendment No. 1 to the proposed rule 
change.\3\ The proposed rule change, as modified by Amendment No. 1, 
was published for comment in the Federal Register on July 10, 2006.\4\ 
The Commission received no comments on the proposal. This order 
approves the proposed rule change, as amended.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Amendment No. 1 is described in Securities Exchange Act 
Release No. 54074 (June 30, 2006), 71 FR 38917 (July 10, 2006).
    \4\ See id.
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    The Exchange proposes to amend its Schedule of Fees to increase the 
Linkage Inbound Principal Order fee from $.15 per contract to $.24 per 
contract. This proposed rule change will remain in effect as part of an 
existing pilot program, which is scheduled to expire on July 31, 
2007.\5\
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    \5\ See Securities Exchange Act Release No. 54204 (July 25, 
2006), 71 FR 43548 (August 1, 2006) (SR-ISE-2006-38) (extending the 
expiration date of the pilot program from July 31, 2006 to July 31, 
2007).
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    The Commission has reviewed carefully the proposed rule change as 
amended and finds that it is consistent with the requirements of the 
Act and the rules and regulations thereunder applicable to a national 
securities exchange.\6\ In particular, the Commission finds that the 
proposed rule change is consistent with Section 6(b)(4) of the Act,\7\ 
which requires that an exchange have an equitable allocation of 
reasonable dues, fees and other charges among its members and other 
persons using its facilities. The Commission notes that the proposed 
fee is similar to the one established by the Philadelphia Stock 
Exchange, Inc. earlier this year.\8\
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    \6\ In approving this proposed rule change, the Commission notes 
that it has considered the proposed rule's impact on efficiency, 
competition and capital formation. See 15 U.S.C. 78c(f).
    \7\ 15 U.S.C. 78f(b)(4).
    \8\ See Securities Exchange Act Release No. 53650 (April 13, 
2006), 71 FR 20430 (April 20, 2006) (SR-Phlx-2006-22) (increasing 
the fee for inbound P Orders sent via the Linkage from $.15 per 
option contract to $.25 per option contract).
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    It is therefore ordered, pursuant to section 19(b)(2) of the 
Act,\9\ that the proposed rule change (SR-ISE-2006-30) as amended be, 
and hereby is approved.
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    \9\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\10\
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    \10\ 17 CFR 200.30-3(a)(12).

Nancy M. Morris,
Secretary.
[FR Doc. E6-13334 Filed 8-14-06; 8:45 am]

BILLING CODE 8010-01-P