Notice2025-00896
Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of Withdrawal of a Proposed Rule Change, as Modified by Amendment No. 1, to Amend Exchange Rule 11.25(e) To Allow Users To Utilize the Exchange's Match Trade Prevention Functionality When Entering Periodic Auction Orders Onto the Exchange for Execution
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 16, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 10 (Thursday, January 16, 2025)</title>
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[Federal Register Volume 90, Number 10 (Thursday, January 16, 2025)]
[Notices]
[Page 4825]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-00896]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-102156; File No. SR-CboeBYX-2024-009]
Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of
Withdrawal of a Proposed Rule Change, as Modified by Amendment No. 1,
to Amend Exchange Rule 11.25(e) To Allow Users To Utilize the
Exchange's Match Trade Prevention Functionality When Entering Periodic
Auction Orders Onto the Exchange for Execution
January 10, 2025.
On June 6, 2024, Cboe BYX 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 Exchange
Rule 11.25(e) to allow Users to utilize the Exchange's Match Trade
Prevention functionality when entering Periodic Auction Orders onto the
Exchange for execution. The proposed rule change was published for
comment in the Federal Register on June 21, 2024.\3\ On August 5, 2024,
the Commission extended the time period within which to approve,
disapprove the proposed rule change, or institute proceedings to
determine whether to approve or disapprove the proposed rule change to
September 19, 2024.\4\ On September 18, 2024, the Exchange filed
Amendment No. 1 to the proposed rule change.\5\ On September 19, 2024,
the Commission issued notice of the proposed rule change, as modified
by Amendment No. 1, and simultaneously instituted proceedings under
Section 19(b)(2)(B) of the Act \6\ to determine whether to approve or
disapprove the proposed rule change, as modified by Amendment No. 1.\7\
On December 16, 2024, pursuant to Section 19(b)(2) of the Exchange
Act,\8\ the Commission designated a longer period within which to issue
an order approving or disapproving the proposed rule change, as
modified by Amendment No. 1.\9\ On January 8, 2025, the Exchange
withdrew the proposed rule change (SR-CboeBYX-2024-009).
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\1\ 15 U.S.C.78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 100337 (June 14,
2024), 89 FR 52148 (``Notice'').
\4\ See Securities Exchange Act Release No. 100649, 89 FR 65420
(August 9, 2024). The Commission has received no comment letters on
the proposed rule change.
\5\ Amendment No. 1 modifies the proposed rule change by: (1)
amending rule text relating to Exchange Match Trade Prevention
functionality when entering Periodic Auction Orders onto the
Exchange for execution; and (2) adding new rule text describing how
the Exchange will handle Periodic Auction Orders entered as a
Minimum Quantity Order with a Match Trade Prevention modifier.
\6\ 15 U.S.C. 78s(b)(2)(B).
\7\ See Securities Exchange Act Release No. 101105, 89 FR 78418
(September 25, 2024).
\8\ 15 U.S.C. 78s(b)(2).
\9\ See Securities Exchange Act Release No. 104276, 89 FR 104276
(December 20, 2024). The Commission designated February 16, 2025, as
the date by which the Commission shall approve or disapprove the
proposed rule change.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\10\
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\10\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-00896 Filed 1-15-25; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on January 16, 2025.
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