Notice2024-00385
Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule
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
January 11, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
<html>
<head>
<title>Federal Register, Volume 89 Issue 8 (Thursday, January 11, 2024)</title>
</head>
<body><pre>
[Federal Register Volume 89, Number 8 (Thursday, January 11, 2024)]
[Notices]
[Pages 1966-1970]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-00385]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-99280; File No. SR-CboeEDGX-2024-002]
Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice
of Filing and Immediate Effectiveness of a Proposed Rule Change To
Amend Its Fee Schedule
January 5, 2024.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that
on January 2, 2024, Cboe EDGX Exchange, Inc. (``Exchange'' or ``EDGX'')
filed with the Securities and Exchange Commission (``Commission'') the
proposed rule change as described in Items I, II, and III below, which
Items have been prepared by the Exchange. The Commission is publishing
this notice to solicit comments on the proposed rule change from
interested persons.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
Cboe EDGX Exchange, Inc. (the ``Exchange'' or ``EDGX'') proposes to
amend its Fee Schedule. 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/options/regulation/rule_filings/edgx/">http://markets.cboe.com/us/options/regulation/rule_filings/edgx/</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
[[Page 1967]]
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 amend its Fee Schedule applicable to its
equities trading platform (``EDGX Equities'') as follows: (1) by
modifying the standard rate associated with certain fee codes; (2) by
discontinuing Remove Volume Tier 1; and (3) by modifying Remove Volume
Tier 3. The Exchange proposes to implement these changes effective
January 2, 2024.
The Exchange first notes that it operates in a highly competitive
market in which market participants can readily direct order flow to
competing venues if they deem fee levels at a particular venue to be
excessive or incentives to be insufficient. More specifically, the
Exchange is only one of 16 registered equities exchanges, as well as a
number of alternative trading systems and other off-exchange venues
that do not have similar self-regulatory responsibilities under the
Securities Exchange Act of 1934 (the ``Act''), to which market
participants may direct their order flow. Based on publicly available
information,\3\ no single registered equities exchange has more than
13% of the market share. Thus, in such a low-concentrated and highly
competitive market, no single equities exchange possesses significant
pricing power in the execution of order flow. The Exchange in
particular operates a ``Maker-Taker'' model whereby it pays rebates to
members that add liquidity and assesses fees to those that remove
liquidity. The Exchange's Fee Schedule sets forth the standard rebates
and rates applied per share for orders that provide and remove
liquidity, respectively. Currently, for orders in securities priced at
or above $1.00, the Exchange provides a standard rebate of $0.00160 per
share for orders that add liquidity and assesses a fee of $0.0030 per
share for orders that remove liquidity.\4\ For orders in securities
priced below $1.00, the Exchange provides a standard rebate of $0.00009
per share for orders that add liquidity and assesses a fee of 0.30% of
the total dollar value for orders that remove liquidity.\5\
Additionally, in response to the competitive environment, the Exchange
also offers tiered pricing which provides Members opportunities to
qualify for higher rebates or reduced fees where certain volume
criteria and thresholds are met. Tiered pricing provides an incremental
incentive for Members to strive for higher tier levels, which provides
increasingly higher benefits or discounts for satisfying increasingly
more stringent criteria.
---------------------------------------------------------------------------
\3\ See Cboe Global Markets, U.S. Equities Market Volume
Summary, Month-to-Date (December 20, 2023), available at <a href="https://www.cboe.com/us/equities/market_statistics/">https://www.cboe.com/us/equities/market_statistics/</a>.
\4\ See EDGX Equities Fee Schedule, Standard Rates.
\5\ Id.
---------------------------------------------------------------------------
Standard Rates
Currently, the Exchange offers standard rates to add liquidity for
orders appended with fee codes 3,\6\ 4,\7\ B,\8\ V,\9\ and Y.\10\ The
Exchange now proposes to revise the standard rebate associated with
securities priced below $1.00 from $0.00009 per share to $0.00003 per
share for orders appended with fee codes 3, 4, B, V, or Y. The purpose
of reducing the standard rebate associated with securities priced below
$1.00 is for business and competitive reasons, as the Exchange believes
that reducing such rebate as proposed would decrease the Exchange's
expenditures with respect to transaction pricing in a manner that is
still consistent with the Exchange's overall pricing philosophy of
encouraging added liquidity. The Exchange notes that despite the
decrease in the standard rebate associated with securities priced below
$1.00, the standard rebate remains competitive and continues to be more
favorable for Members than the standard rate provided by competing
exchanges.\11\
---------------------------------------------------------------------------
\6\ Fee code 3 is appended to orders adding liquidity to EDGX in
the pre and post market in Tapes A or C securities.
\7\ Fee code 4 is appended to orders adding liquidity to EDGX in
the pre and post market in Tape B securities.
\8\ Fee code B is appended to orders adding liquidity to EDGX in
Tape B securities.
\9\ Fee code V is appended to orders adding liquidity to EDGX in
Tape A securities.
\10\ Fee code Y is appended to orders adding liquidity to EDGX
in Tape C securities.
\11\ See, e.g., NYSE Arca Fee Equities Fees and Charges;
Standard Rates, available at <a href="https://www.nyse.com/publicdocs/nyse/markets/nyse-arca/NYSE_Arca_Marketplace_Fees.pdf">https://www.nyse.com/publicdocs/nyse/markets/nyse-arca/NYSE_Arca_Marketplace_Fees.pdf</a>; see also Nasdaq
Price List; Add and Remove Rates; Rebates and Fees, Shares Executed
Below $1.00, available at <a href="https://www.nasdaqtrader.com/Trader.aspx?id=PriceListTrading2">https://www.nasdaqtrader.com/Trader.aspx?id=PriceListTrading2</a>. NYSE Arca provides a rebate to add
liquidity equal to 0.0% of Dollar Value for securities priced below
$1.00 and Nasdaq provides rebates of $0.00 to add liquidity in
securities priced below $1.00.
---------------------------------------------------------------------------
Remove Volume Tiers
Under footnote 1 of the Fee Schedule, the Exchange currently offers
various Add/Remove Volume Tiers. In particular, the Exchange offers
three Remove Volume Tiers that each assess a reduced fee for Members'
qualifying orders yielding fee codes BB,\12\ N,\13\ and W \14\ where a
Member reaches certain add volume-based criteria. The Exchange now
proposes to discontinue Remove Volume Tier 1 as the Exchange no longer
wishes to, nor is required to, maintain such tier. More specifically,
the proposed change removes this tier as the Exchange would rather
redirect future resources and funding into other programs and tiers
intended to incentivize increased order flow. In conjunction with
discontinuing Remove Volume Tier 1, the Exchange proposes to renumber
Remove Volume Tiers 2 and 3 as Remove Volume Tiers 1 and 2,
respectively, following the deletion of current Remove Volume Tier 1.
---------------------------------------------------------------------------
\12\ Fee code BB is appended to orders that remove liquidity
from EDGX in Tape B securities.
\13\ Fee code N is appended to orders that remove liquidity from
EDGX in Tape C securities.
\14\ Fee code W is appended to orders that remove liquidity from
EDGX in Tape A securities.
---------------------------------------------------------------------------
In addition to the proposed deletion of Remove Tier 1, the Exchange
proposes to amend the criteria of proposed Remove Volume Tier 2
(current Remove Volume Tier 3). Currently, the criteria for proposed
Remove Volume Tier 2 is as follows:
<bullet> Proposed Remove Volume Tier 2 (current Remove Volume Tier
3) provides a reduced fee of $0.00275 per share for securities priced
at or above $1.00 to qualifying orders (i.e., orders yielding fee codes
BB, N, or W) and a reduced fee of 0.28% of total dollar value for
securities priced below $1.00 where: (1) Member has an ADAV \15\
>=0.30% of the TCV; \16\ and (2) Member has a total remove ADV \17\
>=0.40% of the TCV; or Member has a total remove ADV >=40,000,000; and
(3) Member adds Retail Pre Market Order ADV (i.e., yielding fee code
ZO) >=3,000,000.
---------------------------------------------------------------------------
\15\ ADAV means average daily added volume calculated as the
number of shares added per day, calculated on a monthly basis.
\16\ TCV means total consolidated volume calculated as the
volume reported by all exchanges and trade reporting facilities to a
consolidated transaction reporting plan for the month for which the
fees apply.
\17\ ADV means average daily volume calculated as the number of
shares added to, removed from, or routed by, the Exchange, or any
combination or subset thereof, per day. ADV is calculated on a
monthly basis.
---------------------------------------------------------------------------
Now, the Exchange proposes to amend the second prong of criteria in
proposed Remove Volume Tier 2 by removing the total remove ADV share
requirement. The proposed criteria is as follows:
<bullet> Proposed Remove Volume Tier 2 provides a reduced fee of
$0.00275 per
[[Page 1968]]
share for securities priced at or above $1.00 to qualifying orders
(i.e., orders yielding fee codes BB, N, or W) and a reduced fee of
0.28% of total dollar value for securities priced below $1.00 where:
(1) Member has an ADAV >=0.30% of the TCV; and (2) Member has a total
remove ADV >=040% of the TCV; and (3) Member adds Retail Pre Market
Order ADV (i.e., yielding fee code ZO) >=3,000,000.
The proposed amendment to proposed Remove Volume Tier 2 is intended
to slightly increase the difficulty of achieving an existing
opportunity to earn an enhanced rebate by providing a single
alternative for Members to increase their order flow to the Exchange.
Submitting increased order flow to the Exchange will further contribute
to a deeper, more liquid market and provide even more execution
opportunities for active market participants. Incentivizing an increase
in liquidity adding volume, through enhanced rebate opportunities,
encourages liquidity adding Members on the Exchange to contribute to a
deeper, more liquid market, and liquidity executing Members on the
Exchange to increase transactions and take execution opportunities
provided by such increased liquidity, together providing for overall
enhanced price discovery and price improvement opportunities on the
Exchange. As such, increased overall order flow benefits all Members by
contributing towards a robust and well-balanced market ecosystem.
2. Statutory Basis
The Exchange believes the proposed rule change is consistent with
the Act and the rules and regulations thereunder applicable to the
Exchange and, in particular, the requirements of Section 6(b) of the
Act.\18\ Specifically, the Exchange 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 as well as Section 6(b)(4) \21\
as it is designed to provide for the equitable allocation of reasonable
dues, fees and other charges among its Members and other persons using
its facilities.
---------------------------------------------------------------------------
\18\ 15 U.S.C. 78f(b).
\19\ 15 U.S.C. 78f(b)(5).
\20\ Id.
\21\ 15 U.S.C. 78f(b)(4).
---------------------------------------------------------------------------
As described above, the Exchange operates in a highly competitive
market in which market participants can readily direct order flow to
competing venues if they deem fee levels at a particular venue to be
excessive or incentives to be insufficient. The Exchange believes that
its proposal to: (1) modify the standard rebates associated with
securities priced below $1.00 and (2) modify proposed Retail Volume
Tier 2 reflects a competitive pricing structure designed to incentivize
market participants to direct their order flow to the Exchange, which
the Exchange believes would enhance market quality to the benefit of
all Members.
Specifically, the Exchange's proposed criteria for proposed Remove
Volume Tier 2 is not a significant departure from existing criteria,
continues to be reasonably correlated to the enhanced rebate offered by
the Exchange and other competing exchanges,\22\ and will continue to
incentivize Members to submit order flow to the Exchange. Additionally,
the Exchange notes that relative volume-based incentives and discounts
have been widely adopted by exchanges,\23\ including the Exchange,\24\
and are reasonable, equitable and non-discriminatory because they are
open to all Members on an equal basis and provide additional benefits
or discounts that are reasonably related to (i) the value to an
exchange's market quality and (ii) associated higher levels of market
activity, such as higher levels of liquidity provision and/or growth
patterns. Competing equity exchanges offer similar tiered pricing
structures, including schedules of rebates and fees that apply based
upon members achieving certain volume and/or growth thresholds, as well
as assess similar fees or rebates for similar types of orders, to that
of the Exchange.
---------------------------------------------------------------------------
\22\ See, e.g., MIAX Pearl Equities Exchange Fee Schedule,
Remove Volume Tier, available at <a href="https://www.miaxglobal.com/sites/default/files/fee_schedule-files/MIAX_Pearl_Equities_Fee_Schedule_12012023.pdf">https://www.miaxglobal.com/sites/default/files/fee_schedule-files/MIAX_Pearl_Equities_Fee_Schedule_12012023.pdf</a>; and MEMX Equities Fee
Schedule, Liquidity Removal Tier, available at <a href="https://info.memxtrading.com/equities-trading-resources/us-equities-fee-schedule/">https://info.memxtrading.com/equities-trading-resources/us-equities-fee-schedule/</a>.
\23\ See, e.g., BZX Equities Fee Schedule, Footnote 1, Add/
Remove Volume Tiers.
\24\ See, e.g., EDGX Equities Fee Schedule, Footnote 1, Add/
Remove Volume Tiers.
---------------------------------------------------------------------------
In particular, the Exchange believes its proposal to modify
proposed Retail Volume Tier 2 is reasonable because the revised tier
will be available to all Members and provide all Members with an
opportunity to receive an enhanced rebate. The Exchange further
believes the proposed modification to proposed Remove Volume Tier 2
will provide a reasonable means to encourage liquidity adding displayed
orders in Members' order flow to the Exchange and to incentivize
Members to continue to provide liquidity adding volume to the Exchange
by offering them an opportunity to receive an enhanced rebate on
qualifying orders. While the proposed criteria in proposed Remove
Volume Tier 2 is slightly more difficult than the current criteria
found in that tier, the proposed criteria is not a significant
departure from existing criteria, is reasonably correlated to the
enhanced rebate offered by the Exchange, and will continue to
incentivize Members to submit order flow to the Exchange. An overall
increase in activity would deepen the Exchange's liquidity pool, offers
additional cost savings, support the quality of price discovery,
promote market transparency and improve market quality, for all
investors.
Further, the Exchange believes that its proposal to modify the
standard rebate associated with securities priced below $1.00 is
reasonable, equitable, and consistent with the Act because such change
is designed to decrease the Exchange's expenditures with respect to
transaction pricing in order to offset some of the costs associated
with the Exchange's current pricing structure, which provides various
rebates for liquidity-adding orders, and the Exchange's operations
generally, in a manner that is consistent with the Exchange's overall
pricing philosophy of encouraging added liquidity. The proposed
decreased standard rebate of $0.00003 per share is reasonable and
appropriate because it remains competitive with the standard rebate
offered by other exchanges.\25\ The Exchange further believes that the
proposed decrease to the standard rebate associated with securities
priced below $1.00 is not unfairly discriminatory because it applies to
all Members equally, in that all Members will received the lower
standard rebate upon submitting orders appended with fee codes B, V, Y,
3, or 4.
---------------------------------------------------------------------------
\25\ Supra note 11.
---------------------------------------------------------------------------
The Exchange believes that its proposal to eliminate current Remove
[[Page 1969]]
Volume Tier 1 is reasonable because the Exchange is not required to
maintain this tier nor is it required to provide Members an opportunity
to receive enhanced rebates. The Exchange believes its proposal to
eliminate this tier is also equitable and not unfairly discriminatory
because it applies to all Members (i.e., the tier will not be available
for any Member). The Exchange also notes that the proposed rule change
to remove this tier merely results in Members not receiving an enhanced
rebate, which, as noted above, the Exchange is not required to offer or
maintain. Furthermore, the proposed rule change to eliminate current
Remove Volume Tier 1 enables the Exchange to redirect resources and
funding into other programs and tiers intended to incentivize increased
order flow.
The Exchange believes that the proposed changes to its standard
rebate associated with securities priced below $1.00 and Remove Volume
Tiers are reasonable as they do not represent a significant departure
from the criteria or rebates currently offered in the Fee Schedule. The
Exchange also believes that the proposal represents an equitable
allocation of fees and rebates and is not unfairly discriminatory
because all Members will be eligible for the proposed standard rebate
and revised tier and have the opportunity to meet the revised tier's
criteria and receive the corresponding enhanced rebate if such criteria
is met. Without having a view of activity on other markets and off-
exchange venues, the Exchange has no way of knowing whether this
proposed rule change would definitely result in any Members qualifying
the new proposed tiers. While the Exchange has no way of predicting
with certainty how the proposed changes will impact Member activity,
based on the prior months volume, the Exchange anticipates that at
least one Member will be able to satisfy proposed Remove Volume Tier 2.
The Exchange also notes that proposed changes will not adversely impact
any Member's ability to qualify for enhanced rebates offered under
other tiers. Should a Member not meet the proposed new criteria, the
Member will merely not receive that corresponding enhanced rebate.
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. Rather, as discussed above,
the Exchange believes that the proposed changes would encourage the
submission of additional order flow to a public exchange, thereby
promoting market depth, execution incentives and enhanced execution
opportunities, as well as price discovery and transparency for all
Members. As a result, the Exchange believes that the proposed changes
further the Commission's goal in adopting Regulation NMS of fostering
competition among orders, which promotes ``more efficient pricing of
individual stocks for all types of orders, large and small.''
The Exchange believes the proposed rule changes do not impose any
burden on intramarket competition that is not necessary or appropriate
in furtherance of the purposes of the Act. Particularly, the proposed
changes to the Exchange's standard rebate associated with securities
priced below $1.00 and the proposed changes to proposed Remove Volume
Tier 2 will apply to all Members equally in that all Members are
eligible for the standard rebate and the proposed revised tier, have a
reasonable opportunity to meet the proposed tier's criteria and will
receive the enhanced rebate on their qualifying orders if such criteria
is met. The Exchange does not believe the proposed changes burden
competition, but rather, enhances competition as it is intended to
increase the competitiveness of EDGX by amending an existing pricing
incentive and adopting pricing incentives in order to attract order
flow and incentivize participants to increase their participation on
the Exchange, providing for additional execution opportunities for
market participants and improved price transparency. Greater overall
order flow, trading opportunities, and pricing transparency benefits
all market participants on the Exchange by enhancing market quality and
continuing to encourage Members to send orders, thereby contributing
towards a robust and well-balanced market ecosystem.
The Exchange believes the proposed elimination of Remove Volume
Tier 1 does not impose any burden on intramarket competition that is
not necessary or appropriate in furtherance of the purposes of the Act.
Particularly, the proposed change to eliminate the Remove Volume Tier 1
will not impose any burden on intramarket competition because the
changes apply to all Members uniformly, as in, the tier will no longer
be available to any Member.
Next, the Exchange believes the proposed rule changes 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, the Exchange operates in a highly competitive market.
Members have numerous alternative venues that they may participate on
and direct their order flow, including other equities exchanges, off-
exchange venues, and alternative trading systems. Additionally, the
Exchange represents a small percentage of the overall market. Based on
publicly available information, no single equities exchange has more
than 13% of the market share.\26\ Therefore, no exchange possesses
significant pricing power in the execution of order flow. Indeed,
participants can readily choose to send their orders to other exchange
and off-exchange venues if they deem fee levels at those other venues
to be more favorable. 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.'' \27\ The 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'. . . .''.\28\ Accordingly, the Exchange does not believe its
proposed fee change imposes any burden on competition that is not
necessary or appropriate in furtherance of the purposes of the Act.
---------------------------------------------------------------------------
\26\ Supra note 3.
\27\ See Securities Exchange Act Release No. 51808 (June 9,
2005), 70 FR 37496, 37499 (June 29, 2005).
\28\ NetCoalition v. SEC, 615 F.3d 525, 539 (D.C. Cir. 2010)
(quoting Securities Exchange Act Release No. 59039 (December 2,
2008), 73 FR 74770, 74782-83 (December 9, 2008) (SR-NYSEArca-2006-
21)).
---------------------------------------------------------------------------
[[Page 1970]]
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
The foregoing rule change has become effective pursuant to Section
19(b)(3)(A) of the Act \29\ and paragraph (f) of Rule 19b-4 \30\
thereunder. 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 will institute proceedings to
determine whether the proposed rule change should be approved or
disapproved.
---------------------------------------------------------------------------
\29\ 15 U.S.C. 78s(b)(3)(A).
\30\ 17 CFR 240.19b-4(f).
---------------------------------------------------------------------------
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="https://www.sec.gov/rules/sro.shtml">https://www.sec.gov/rules/sro.shtml</a>); or
<bullet> Send an email to <a href="/cdn-cgi/l/email-protection#ccbeb9a0a9e1afa3a1a1a9a2b8bf8cbfa9afe2aba3ba"><span class="__cf_email__" data-cfemail="9be9eef7feb6f8f4f6f6fef5efe8dbe8fef8b5fcf4ed">[email protected]</span></a>. Please include
file number SR-CboeEDGX-2024-002 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 number SR-CboeEDGX-2024-002. 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="https://www.sec.gov/rules/sro.shtml">https://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
a.m. and 3 p.m. Copies of the filing also will be available for
inspection and copying at the principal office of the Exchange. Do not
include personal identifiable information in submissions; you should
submit only information that you wish to make available publicly. We
may redact in part or withhold entirely from publication submitted
material that is obscene or subject to copyright protection. All
submissions should refer to file number SR-CboeEDGX-2024-002 and should
be submitted on or before February 1, 2024.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\31\
---------------------------------------------------------------------------
\31\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Christina Z. Milnor,
Assistant Secretary.
[FR Doc. 2024-00385 Filed 1-10-24; 8:45 am]
BILLING CODE 8011-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on January 11, 2024.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.