Notice2024-18078
Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Withdrawal of a Proposed Rule Change To Amend the Definition of Retail Order, and Codify Interpretations and Policies Regarding Permissible Uses of Algorithms by RMOs
Primary source
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Published
August 14, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 157 (Wednesday, August 14, 2024)</title>
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[Federal Register Volume 89, Number 157 (Wednesday, August 14, 2024)]
[Notices]
[Page 66162]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-18078]
[[Page 66162]]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-100680; File No. SR-CboeEDGX-2024-009]
Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice
of Withdrawal of a Proposed Rule Change To Amend the Definition of
Retail Order, and Codify Interpretations and Policies Regarding
Permissible Uses of Algorithms by RMOs
August 8, 2024.
On January 25, 2024, Cboe EDGX Exchange, Inc. (``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 the definition of Retail Order,\3\ and codify interpretations and
policies regarding permissible uses of algorithms by Retail Member
Organizations.\4\. The proposed rule change was published for comment
in the Federal Register on February 13, 2024.\5\ On March 20, 2024,
pursuant to Section 19(b)(2) of the Act,\6\ the Commission designated a
longer period within which to approve the proposed rule change,
disapprove the proposed rule change, or institute proceedings to
determine whether to disapprove the proposed rule change.\7\ On May 13,
2024, the Commission instituted proceedings under Section 19(b)(2)(B)
of the Act \8\ to determine whether to approve or disapprove the
proposed rule change.\9\ On July 10, 2024, the Exchange submitted
Amendment No. 1 to the proposed rule change, which replaced and
superseded the proposed rule change as originally filed. On July 17,
2024, the Exchange withdrew Amendment No. 1. On August 6, 2024, the
Commission designated a longer period within which to approve or
disapprove the proposed rule change.\10\ On August 7, 2024, the
Exchange withdrew the proposed rule change (SR-CboeEDGX-2024-009).
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ The term ``Retail Order'' is defined in Exchange Rule
11.21(a)(2).
\4\ The term ``Retail Member Organization'' (or ``RMO'') is
defined in Exchange Rule 11.21(a)(1) to mean a member of the
Exchange (or a division thereof) that has been approved by the
Exchange under Exchange Rule 11.21 to submit Retail Orders.
\5\ See Securities Exchange Act Release No. 99490 (February 7,
2024), 89 FR 10129 (``Notice''). The Commission has not received any
comments on the proposed rule change.
\6\ 15 U.S.C. 78s(b)(2).
\7\ See Securities Exchange Act Release No. 99811, 89 FR 21077
(March 26, 2024).
\8\ 15 U.S.C. 78s(b)(2)(B).
\9\ See Securities Exchange Act Release No. 100114 (May 13,
2024), 89 FR 43462 (May 17, 2024).
\10\ See Securities Exchange Act Release No. 100665 (designating
October 10, 2024 as the date by which the Commission shall either
approve or disapprove the proposed rule change).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\11\
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\11\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-18078 Filed 8-13-24; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on August 14, 2024.
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