Notice2023-21619
Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing of Proposed Rule Change To Amend Equity 4, Rules 3301A and 3301B To Establish New “Contra Midpoint Only” and “Contra Midpoint Only With Post-Only” Order Types and To Make Other Corresponding Changes to the Rulebook
Primary source
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Published
October 2, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 189 (Monday, October 2, 2023)</title>
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[Federal Register Volume 88, Number 189 (Monday, October 2, 2023)]
[Notices]
[Page 67846]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-21619]
[[Page 67846]]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-98528; File No. SR-PHLX-2023-40]
Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing
of Proposed Rule Change To Amend Equity 4, Rules 3301A and 3301B To
Establish New ``Contra Midpoint Only'' and ``Contra Midpoint Only With
Post-Only'' Order Types and To Make Other Corresponding Changes to the
Rulebook
September 26, 2023.
On August 28, 2023, Nasdaq PHLX LLC (``Phlx'' 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 Equity 4, Rules 3301A and 3301B \3\ to establish new ``Contra
Midpoint Only'' and ``Contra Midpoint Only with Post-Only'' Order
Types, and to make other corresponding changes to the Rulebook. The
proposed rule change was published for comment in the Federal Register
on September 8, 2023.\4\ The Commission received no comments on the
proposed rule change.
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ References herein to Phlx Rules in the 3000 Series shall
mean Rules in Phlx Equity 4.
\4\ See Securities Exchange Act Release No. 98280 (September 1,
2023), 88 FR 62129.
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Section 19(b)(2) of the Act \5\ provides that within 45 days of the
publication of notice of the filing of a proposed rule change, or
within such longer period up to 90 days (i) as the Commission may
designate if it finds such longer period to be appropriate and
publishes its reasons for so finding or (ii) as to which the self-
regulatory organization consents, the Commission shall either approve
the proposed rule change, disapprove the proposed rule change, or
institute proceedings to determine whether the proposed rule change
should be disapproved. The 45th day after publication of the notice for
this proposed rule change is October 23, 2023. The Commission is
extending this 45-day time period.
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\5\ 15 U.S.C. 78s(b)(2).
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The Commission finds that it is appropriate to designate a longer
period within which to take action on the proposed rule change so that
it has sufficient time to consider the proposed rule change.
Accordingly, pursuant to Section 19(b)(2) of the Act,\6\ the Commission
designates December 7, 2023, as the date by which the Commission shall
either approve or disapprove, or institute proceedings to determine
whether to disapprove, the proposed rule change (File No. SR-PHLX-2023-
40).
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\6\ Id.
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)(31).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-21619 Filed 9-29-23; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on October 2, 2023.
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