Notice2021-20083
Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 13.8 To Introduce a Product To Be Known as “Cboe Premium Exchange Tools” and To Amend Its Fee Schedule To Establish a Fee for a User Login That Elects To Subscribe to the Cboe Premium Exchange Tools
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
September 17, 2021
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 86 Issue 178 (Friday, September 17, 2021)</title>
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[Federal Register Volume 86, Number 178 (Friday, September 17, 2021)]
[Notices]
[Pages 51944-51947]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-20083]
[[Page 51944]]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-92965; File No. SR-CboeEDGA-2021-017]
Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice
of Filing and Immediate Effectiveness of a Proposed Rule Change To
Amend Rule 13.8 To Introduce a Product To Be Known as ``Cboe Premium
Exchange Tools'' and To Amend Its Fee Schedule To Establish a Fee for a
User Login That Elects To Subscribe to the Cboe Premium Exchange Tools
September 13, 2021.
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 August 31, 2021, Cboe EDGA Exchange, Inc. (the ``Exchange'' or
``EDGA'') filed with the Securities and Exchange Commission (the
``Commission'') the proposed rule change as described in Items I and II
below, which Items have been prepared by the Exchange. The Exchange
filed the proposal as a ``non-controversial'' proposed rule change
pursuant to Section 19(b)(3)(A)(iii) of the Act \3\ and Rule 19b-
4(f)(6) thereunder.\4\ 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.
\3\ 15 U.S.C. 78s(b)(3)(A)(iii).
\4\ 17 CFR 240.19b-4(f)(6).
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
Cboe EDGA Exchange, Inc. (the ``Exchange'' or ``EDGA'') proposes to
amend Rule 13.8 to introduce a new product to be known as ``Cboe
Premium Exchange Tools'' and to amend its Fee Schedule to establish a
fee for a user login that elects to subscribe to the Cboe Premium
Exchange Tools. The text of the proposed rule change is provided in
Exhibit 5.
The text of the proposed rule change is also available on the
Exchange's website (<a href="http://markets.cboe.com/us/equities/regulation/rule_filings/edga/">http://markets.cboe.com/us/equities/regulation/rule_filings/edga/</a>), at the Exchange's Office of the Secretary, and at
the Commission's Public Reference Room.
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 Exchange 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 these 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 aspects of such
statements.
A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
1. Purpose
The Exchange proposes to adopt Rule 13.8(g) to introduce a new
product to be known as Cboe Premium Exchange Tools, as further
described below, and to amend its Fee Schedule to adopt a monthly fee
assessed to users that elect to subscribe to such Cboe Premium Exchange
Tools, effective August 31, 2021.
Cboe Premium Exchange Tools
Currently, Members,\5\ Sponsored Participants,\6\ and service
bureaus are leveraging certain value-added tools (i.e., Cboe Premium
Exchange Tools) on the Exchange to obtain certain information free of
charge. Particularly, Cboe Premium Exchange Tools offers an easily
accessible internet-based tool that allows users access to certain
execution information for their firm through a single interface. Now,
the Exchange proposes to adopt Rule 13.8(g) to describe the Cboe
Premium Exchange Tools in its Rules. Specifically, proposed Rule
13.8(g) provides that the Cboe Premium Exchange Tools is a web-based
tool designed to give a subscribing user the ability to track latency
statics of the user's logical order entry ports or execution
information of the Member or a Sponsored Participant of the Member. The
proposed rule also provides that a user may obtain historical reports
of such execution information, as further described below.\7\ Cboe
Premium Exchange Tools is currently comprised of the following three
reports: (i) Trade data report,\8\ (ii) latency statistics report,\9\
and (iii) volume history report.\10\
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\5\ See Exchange Rule 1.5(n).
\6\ See Exchange Rule 1.5(z).
\7\ All information available to Members as described herein is
historical information.
\8\ Trade Data Reports may be obtained by a Member, or if
authorized to do so a Sponsored Participant.
\9\ Latency Statistics Reports may be obtained by a Member,
Sponsored Participant or service bureaus as it relates to their
respective logical order entry ports.
\10\ Volume History Reports may be obtained by a Member.
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Trade Data Report
The trade data report offers the ability for a user to view and/or
export its Member's and, if applicable, a Sponsored Participant of the
Member, granular execution detail.\11\ Specifically, the report
currently includes the following information: Date, time, Member
identifier, clearing member identifier, session, order identification,
symbol, side (i.e., buy, sell, sell short), price, quantity, capacity
(e.g., agent, principal), liquidity indicator (i.e., adder or remover
of liquidity), order type,\12\ indicator as to whether order set or
joined the national best bid or offer (``NBBO''),\13\ and associated
fee code(s). The information is provided in order to aid Members in
conducting their own reconciliations and assist in report generation,
and, unlike the Volume History Report, is available on an execution-by-
execution basis.
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\11\ Sponsored Participants may also subscribe to the Trade Data
Report, provided that its Sponsoring Member provides the Exchange
authorization to do so. Trade Data Reports provided to Sponsored
Participants only include execution detail related to the Sponsored
Participant.
\12\ See Exchange Rule 11.8.
\13\ Hidden orders that neither set or join the NBBO are
identified as such within the report.
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Latency Statistics Report
The latency statistics report offers functionality to view latency
statistics relating to logical order entry ports, including a Member's
orders, acknowledgements, and cancels, including roundtrip data from
into the edge network device and back, which accounts for latency
within the Exchange order gateways and matching engines. Specifically,
the latency statistics report includes the following information: (i)
The roundtrip time between the order entering the Exchange's network
and the time the order acknowledgement leaves the Exchange's network,
(ii) the roundtrip time between an order cancellation request and the
time the order cancellation request acknowledgement leaves the
Exchange's network, (iii) the roundtrip time between an order entering
the Exchange's network and the time that the order appears on the
Multicast PITCH feed, (iv) the roundtrip time for a Transmission
Control
[[Page 51945]]
Protocol (``TCP'') \14\ message sent by the Exchange to be acknowledged
by the Member, and (v) averages a Member can expect for items (i)
through (iii) across their own ports and across the entire system
(i.e., across all Members). A Member, service bureau, or Sponsored
Participant may view the latency statistics for orders that they send
to the Exchange through their own respective logical order entry ports.
The information included in the latency statistics report is designed
to give users insight into the performance characteristics of their
logical order entry ports.
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\14\ TCP is a communications standard that enables application
programs and computing devises to exchange messages over a network.
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Volume History Report
The volume history report provides users the functionality to view
the Member's, high level volume history on the Exchange, as well as
more granular added, removed, and routed orders at a per Tape and MPID
level or a per security level for the purpose of tracking and measuring
outcomes.\15\ The tools offer functionality to allow a user to view
aggregated volume history reports on behalf of the Member or a
Sponsored Participant of the Member for the purpose of firm or client-
level reporting, administration, and risk management.
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\15\ Information included in the Volume History Report includes
all activity, including that executed on behalf of Sponsored
Participants. Execution volume made on behalf of a Sponsored
Participant is not delineated within the Volume History Report.
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Cboe Premium Exchange Tools Fee
The Exchange also proposes to adopt a fee applicable to users that
subscribe to the proposed Cboe Premium Exchange Tools. Specifically, as
proposed, the Exchange would assess a monthly fee of $40 for each user
login that subscribes to any of the reports and services that comprise
the Cboe Premium Exchange Tools. As discussed above, Premium Exchange
Tools provides users with an easily accessible tool that allows them to
access certain execution and latency information from a single
interface and provides such information in a convenient, user-friendly
format. Further, a number of enhancements have recently been made to
the various reports and services included in the Cboe Premium Exchange
Tools. For example, the trade data report has recently been enhanced to
provide timestamps with microsecond granularity for added detail on a
per trade basis. Therefore, the Exchange believes the assessment of
such a fee aligns with the additional value and benefits provided to
users that choose to subscribe to the Cboe Premium Exchange Tools. The
Exchange also believes that the proposal is appropriate to balance the
Exchange resource requirements in creating, managing, and supporting
the services and reports provided by the Cboe Premium Exchange Tools.
The Cboe Premium Exchange Tools fee will be assessed to a user for
the entire month regardless of when the user receives access to the
Premium Exchange Tools. If a user obtains or cancels a subscription to
the Cboe Premium Exchange Tools on or after the first business day of
the month, the user will be required to pay the entire Cboe Premium
Exchange Tools fee for that month.
The Exchange anticipates a number of users will subscribe to the
Cboe Premium Exchange Tools. It is a completely voluntary product, in
that the Exchange is not required by any rule or regulation to make the
reports or services available and that potential subscribers may
purchase it only if they voluntarily choose to do so. Further, the
Exchange notes that other exchanges offer similar products.\16\
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\16\ See the ``TradeInfo Fees'' offered on the Nasdaq Stock
Exchange (``Nasdaq''), Nasdaq BX, Inc. (``Nasdaq BX''), and the
Nasdaq PHLX LLC (``Phlx''), each of which assess a fee of $95 per
user per month.
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2. Statutory Basis
The Exchange believes the proposed rule change is consistent with
the Securities Exchange Act of 1934 (the ``Act'') and the rules and
regulations thereunder applicable to the Exchange and, in particular,
the requirements of Section 6(b) of the Act.\17\ Specifically, the
Exchange believes the proposed rule change is consistent with Section
6(b)(4) of the Act,\18\ which requires that Exchange rules provide for
the equitable allocation of reasonable dues, fees, and other charges
among its Members and other persons using its facilities. The Exchange
also believes the proposed rule change is consistent with the Section
6(b)(5) \19\ requirements that the rules of an exchange be designed to
prevent fraudulent and manipulative acts and practices, to promote just
and equitable principles of trade, to foster cooperation and
coordination with persons engaged in regulating, clearing, settling,
processing information with respect to, and facilitating transactions
in securities, to remove impediments to and perfect the mechanism of a
free and open market and a national market system, and, in general, to
protect investors and the public interest. Additionally, the Exchange
believes the proposed rule change is consistent with the Section
6(b)(5) \20\ requirement that the rules of an exchange not be designed
to permit unfair discrimination between customers, issuers, brokers, or
dealers.
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\17\ 15 U.S.C. 78f(b).
\18\ 15 U.S.C. 78f(b)(4).
\19\ 15 U.S.C. 78f(b)(5).
\20\ Id.
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The Exchange believes the proposal to adopt 13.8(g) to provide for
the Cboe Premium Exchange Tools is reasonable for several reasons.
First, certain of the underlying information available via the Cboe
Premium Exchange Tools is otherwise generally available to users. While
the proposal provides a value-added service by setting forth such
information in a user-friendly format, the underlying data included in
the trade data report and volume history report contains general
Member-specific execution information to which a Member would have
access to without subscribing to Premium Exchange Tools, (e.g., via
their own order entry ports which include Member-provided order
instructions, exchange-sent acknowledgement messages, and drop copies).
Moreover, the data included in the trade data report and volume history
report is substantially similar to data offered in the Nasdaq TradeInfo
tool, which provides detailed data on the status of orders executions,
cancels and breaks, and generates reports for download, and allows the
member to cancel or correct open orders.\21\
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\21\ See Securities and Exchange Act No. 90772 (December 22,
2020) 85 FR 86632 (December 30, 2020) (SR-NASDAQ-2020-088) (Proposed
rule change describing the withdrawal of Nasdaq's QView product from
sale and that the information included therein will continue to be
available via TradeInfo).
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While certain underlying data included in the latency statistics
report such as latency averages across the System is not otherwise
available to Members, or where applicable, Sponsored Participants, or
service bureaus, the Exchange notes such users can obtain similar
information on their own latency statistics relating to their orders,
acknowledgements, TCP messages, and cancels, including roundtrip data
from out of their edge network device and back without subscribing to
Premium Exchange Tools. Particularly, users are able to calculate these
latencies on their own servers as the underlying transaction
information is timestamped, which would similarly account for the
latency throughout the Exchange side of the network (i.e., the Exchange
does not believe latency statistics calculated by users themselves
would be materially different from the Exchange's calculations). The
Exchange notes that
[[Page 51946]]
although latency information related to averages across the system
would not otherwise be available to Members, Sponsored Participants or
service bureaus absent subscribing to Premium Exchange Tools, providing
users such information is not novel as similar information was
historically made available in an offering by Nasdaq. Specifically,
prior to its decommission in December of 2020, Nasdaq provided summary
latency statistics via its QView tool which provided members that
subscribed to QView Latency Optics add-on service the ability to
monitor three types of latency for order messages and compare that
latency to the average on the Nasdaq System.\22\ The specific latency
statistics included: (i) The roundtrip time between order entry and
receipt of acknowledgement; (ii) roundtrip time between order entry and
the time that the order appears on the TotalView ITCH multicast feed;
and (iii) the roundtrip time between the entry of an order cancellation
request and the time that the message in reply is received by the
client device.\23\ Similarly as noted above, the Exchange's proposed
latency statistics report provides users averages across the entire
System for three types of latency: (i) The roundtrip time between the
order entering the Exchange's network and the time the order
acknowledgement leaves the Exchange's network, (ii) the roundtrip time
between an order cancellation request and the time the order
cancellation request acknowledgement leaves the Exchange's network,
(iii) the roundtrip time between an order entering the Exchange's
network and the time that the order appears on the Multicast PITCH
feed. Even after QView was decommissioned, the underlying data needed
to generate the latency statistics (other than for averages across the
Nasdaq system) for each member was and continues to be available via
the Nasdaq TradeInfo tool.\24\
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\22\ See Securities Exchange Act Release No. 68617 (January 10,
2013), 78 FR 3480 (January 16, 2013) (SR-Nasdaq-2013-005)
(introducing the Latency Optics add-on). See also Securities
Exchange Act Release No. 82003 (November 2, 2017), 82 FR 51894
(November 8, 2017) (SR-Nasdaq-2017-113) (proposed rule change that
also describes the Latency Optics add-on service, which provided,
among other things, subscribing members the ability to compare their
latency to the average of the Nasdaq system).
\23\ Id.
\24\ Nasdaq similarly noted that users of TradeInfo are able to
calculate latencies included in the Latency Optics add-on service as
the underlying transaction information is timestamped. See
Securities and Exchange Act No. 90772 (December 22, 2020) 85 FR
86632 (December 30, 2020) (SR-NASDAQ-2020-088).
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The Exchange believes that the proposed fee for the Cboe Premium
Exchange Tools is consistent with the Act in that it is reasonable,
equitable, and not unfairly discriminatory. In particular, the Exchange
believes that the proposed fee is reasonable because it is reasonably
aligned with the value and benefits provided to users that choose to
subscribe to the Cboe Premium Exchange Tools on the Exchange. As
discussed above, Premium Exchange Tools provides users with an easily
accessible tool that allows them to access certain execution and
latency information from a single interface and provides such
information in a convenient, user-friendly format. Also as described
above, information provided by Premium Exchange Tools relates to the
subscribing user's activity on the Exchange, and users may generally
access and aggregate this information by other means, including its own
internal systems, without a subscription to Premium Exchange Tools. As
such, the Exchange believes that if a user determines that the fee is
not cost-efficient for its needs, it may decline to subscribe to
Premium Exchange Tools and access such information from other sources.
Indeed, the Cboe Premium Tools is a completely voluntary product, and
the Exchange is not required by any rule or regulation to offer the
reports or services provided under the Cboe Premium Exchange Tools.
Nonetheless, such tools may be beneficial to Members and non-Members as
they provide various value-added Exchange reports and services.
Providing the Cboe Premium Exchange Tools to users requires the
Exchange to allocate additional resources to create, manage, and
support the services and reports. Therefore, the Exchange believes that
it is reasonable to assess a modest fee to users that subscribe to the
Cboe Premium Exchange Tools.
The Exchange further believes the proposed fee is reasonable
because the amount assessed is less than the analogous fees charged by
Nasdaq, Nasdaq BX, and PHLX. The TradeInfo product offered by the
aforementioned exchanges provides users the status of orders,
executions, cancels and breaks, and provides the ability to cancel
orders. Further, to view a variety of trading data, users can generate
several different types of reports such as execution reports.\25\ As
described above, the Cboe Premium Exchange Tools will offer similar
data to that provided by Nasdaq, Nasdaq BX, and PHLX while, the
Exchange's proposed fee for the Cboe Premium Tools at $40 per month per
user, is lower than each of the Nasdaq, Nasdaq BX, and PHLX fees for
similar information which charge $95 per user.
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\25\ See <a href="https://www.nasdaqtrader.com/Trader.aspx?id=tradeinfo">https://www.nasdaqtrader.com/Trader.aspx?id=tradeinfo</a>.
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The Exchange believes that the proposed fee is equitable and not
unfairly discriminatory because it will apply to all Members and non-
Members that choose to subscribe to the Cboe Premium Exchange Tools
equally. As stated, the services and reports provided by the Cboe
Premium Exchange Tools are completely optional and not necessary for
trading. Rather, the Exchange voluntarily makes the Cboe Premium
Exchange Tools available and users may choose to subscribe (and pay
for) the Cboe Premium Exchange Tools based on their own individual
business needs. Potential subscribers may subscribe to Cboe Premium
Exchange Tools at any time if they believe it to be valuable or may
decline to purchase such services and reports.
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 because the proposed Cboe
Premium Exchange Tools will be available equally to all Members and
non-Members that choose to subscribe to such tools. As stated, the Cboe
Premium Exchange Tools are optional and Members and non-Members may
choose to subscribe to such tools, or not, based on their view of the
additional benefits and added value provided by utilizing the reports
or services offered by the Cboe Premium Exchange Tools.
Next, the Exchange believes the proposed rule change does not
impose any burden on intermarket competition that is not necessary or
appropriate in furtherance of the purposes of the Act. As previously
discussed, Nasdaq currently offers products that include similar
information to that proposed under the Cboe Premium Exchange Tools.
Moreover, the Commission has repeatedly expressed its preference for
competition over regulatory intervention in determining prices,
products, and services in the securities markets. Specifically, in
Regulation NMS, the Commission highlighted the importance of market
forces in determining prices and SRO revenues and, also, recognized
that current regulation of the market system ``has been remarkably
successful in promoting market competition in its broader forms that
are most important to investors and listed companies.'' The
[[Page 51947]]
fact that this market is competitive has also long been recognized by
the courts. In NetCoalition v. Securities and Exchange Commission, the
D.C. Circuit stated as follows: ``[n]o one disputes that competition
for order flow is `fierce.' . . . As the SEC explained, `[i]n the U.S.
national market system, buyers and sellers of securities, and the
broker-dealers that act as their order-routing agents, have a wide
range of choices of where to route orders for execution'; [and] `no
exchange can afford to take its market share percentages for granted'
because `no exchange possesses a monopoly, regulatory or otherwise, in
the execution of order flow from broker dealers'. . . .''. Accordingly,
the Exchange does not believe its proposal imposes 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
The Exchange neither solicited nor received comments on the
proposed rule change.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Because the foregoing proposed rule change does not: (i)
Significantly affect the protection of investors or the public
interest; (ii) impose any significant burden on competition; and (iii)
become operative for 30 days from the date on which it was filed, or
such shorter time as the Commission may designate, it has become
effective pursuant to Section 19(b)(3)(A) of the Act \26\ and Rule 19b-
4(f)(6) thereunder.\27\
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\26\ 15 U.S.C. 78s(b)(3)(A).
\27\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii)
requires a self-regulatory organization to give the Commission
written notice of its intent to file the proposed rule change, along
with a brief description and text of the proposed rule change, at
least five business days prior to the date of filing of the proposed
rule change, or such shorter time as designated by the Commission.
The Commission has waived that requirement in this case.
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A proposed rule change filed under Rule 19b-4(f)(6) \28\ normally
does not become operative prior to 30 days after the date of the
filing. However, Rule 19b-4(f)(6)(iii) \29\ permits the Commission to
designate a shorter time if such action is consistent with the
protection of investors and the public interest. The Exchange has
proposed to implement this proposed rule change on August 31, 2021 and
has asked the Commission to waive the 30-day operative delay for this
filing. The Exchange states that the proposed data to be included in
the proposed Cboe Premium Exchange Tools is already generally available
to all users without a subscription to Cboe Premium Exchange Tools and/
or is substantially similar to information that was historically, or
currently is, included in similar products offered on Nasdaq.\30\ The
Commission believes waiver of the operative delay will allow a
description of Cboe Premium Exchange Tools product to be immediately
reflected in the Exchange's rules and is consistent with the protection
of investors and the public interest because the proposed rule change
does not raise any new or novel issues. Accordingly, the Commission
hereby waives the 30-day operative delay and designates the proposed
rule change as operative upon filing.\31\
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\28\ 17 CFR 240.19b-4(f)(6).
\29\ 17 CFR 240.19b-4(f)(6)(iii).
\30\ See supra notes 21-24.
\31\ For purposes only of waiving the 30-day operative delay,
the Commission has also considered the proposed rule's impact on
efficiency, competition, and capital formation. See 15 U.S.C.
78c(f).
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At any time within 60 days of the filing of the proposed rule
change, the Commission summarily may temporarily suspend such rule
change if it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act. If the Commission
takes such action, the Commission shall institute proceedings to
determine whether the proposed rule change should be approved or
disapproved.
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
<bullet> Use the Commission's internet comment form (<a href="http://www.sec.gov/rules/sro.shtml">http://www.sec.gov/rules/sro.shtml</a>); or
<bullet> Send an email to <a href="/cdn-cgi/l/email-protection#cbb9bea7aee6a8a4a6a6aea5bfb88bb8aea8e5aca4bd"><span class="__cf_email__" data-cfemail="7a080f161f57191517171f140e093a091f19541d150c">[email protected]</span></a>. Please include
File No. SR-CboeEDGA-2021-017 on the subject line.
Paper Comments
<bullet> Send paper comments in triplicate to Secretary, Securities
and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.
All submissions should refer to File No. SR-CboeEDGA-2021-017. This
file number should be included on the subject line if email 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 website (<a href="http://www.sec.gov/rules/sro.shtml">http://www.sec.gov/rules/sro.shtml</a>).
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 website 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 10:00 a.m. and
3:00 p.m. Copies of the filing also will be available for inspection
and copying at the principal office of the Exchange. All comments
received will be posted without change. Persons submitting comments are
cautioned that we do not redact or edit personal identifying
information from comment submissions. You should submit only
information that you wish to make available publicly. All submissions
should refer to File No. SR-CboeEDGA-2021-017, and should be submitted
on or before October 8, 2021.
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\32\ 17 CFR 200.30-3(a)(12).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\32\
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-20083 Filed 9-16-21; 8:45 am]
BILLING CODE 8011-01-P
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