Self-Regulatory Organizations; Proposed Rule Changes: NYSE Amex LLC
Federal Register: February 9, 2010 (Volume 75, Number 26)
Notices
Page 6424-6426
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
DOCID:fr09fe10-109
SECURITIES AND EXCHANGE COMMISSION
Release No. 34-61471; File No. SR-NYSEAmex-2010-06
Self-Regulatory Organizations; NYSE Amex LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Adding 75 Options
Classes to the Penny Pilot Program
February 2, 2010.
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 February 1, 2010, NYSE Amex LLC (the ``NYSE Amex'' or the
``Exchange'') filed with the Securities and Exchange Commission (the
``Commission'') the proposed rule change as described in Items I, II, and III below, which Items have been prepared by the self-regulatory organization. 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.
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Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change
The Exchange proposes to identify the next 75 options classes to be added to the Penny Pilot Program for Options (``Penny Pilot'' or
``Pilot'') on November 2, 2009 [sic].\3\ There are no changes to the
Rule text. A copy of this filing is available on the Exchange's Web site at http://www.nyse.com, at the Exchange's principal office, at the
Commission's Public Reference Room and on the Commission's Web site at http://www.sec.gov.
\3\ The Commission notes that the form 19b-4 correctly notes that the 75 new classes were added to the Penny Pilot on February 1, 2010.
Page 6425
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Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
In its filing with the Commission, the self-regulatory organization 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 those 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 parts of such statements.
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Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change 1. Purpose
NYSE Amex proposes to identify the next 75 options classes to be added to the Penny Pilot effective February 1, 2010. The Exchange recently filed to extend and expand the Pilot through December 31, 2010.\4\ In that filing, the Exchange had proposed expanding the Pilot on a quarterly basis to add the next 75 most actively traded multiply listed options classes based on national average daily volume for the six-months prior to selection, closing under $200 per share on the
Expiration Friday prior to expansion, except that the month immediately preceding their addition to the Penny Pilot will not be used for the purpose of the six month analysis.\5\
\4\ See Exchange Act Release No. 61106 (December 3, 2009) 74 FR 65193 (December 9, 2009).
\5\ Index products would be included in the expansion if the underlying index level was under 200.
Nat'l ranking
Symbol
Company name
Nat'l ranking
Symbol
Company name
131........................... ABT
Abbott
192.............. LEAP
Leap Wireless
Laboratories.
International
Inc. 169........................... AEM
Agnico-Eagle Mines 205.............. LLY
Eli Lilly & Co.
Ltd. 151........................... AET
Aetna Inc.
162.............. LO
Lorillard Inc. 156........................... AFL
Aflac Inc.
152.............. LOW
Lowe's Co.s Inc. 181........................... AKAM
Akamai
176.............. M
Macy's Inc.
Technologies Inc. 178........................... AMAT
Applied Materials 155.............. MCO
Moody's Corp.
Inc. 117........................... AMR
AMR Corp.
217.............. MET
MetLife Inc. 166........................... ANF
Abercrombie &
187.............. MMM
3M Co.
Fitch Co. 172........................... APC
Anadarko Petroleum 140.............. MU
Micron Technology
Corp.
Inc. 209........................... ATVI
Activision
177.............. NUE
Nucor Corp.
Blizzard Inc. 145........................... BBD
Banco Bradesco SA. 157.............. OXY
Occidental
Petroleum Corp. 190........................... BCRX
BioCryst
158.............. PARD
Poniard
Pharmaceuticals
Pharmaceuticals
Inc.
Inc. 218........................... BK
Bank of New York 150.............. PEP
PepsiCo. Inc./NC.
Mellon Corp./The. 194........................... BRCM
Broadcom Corp.
141.............. PM
Philip Morris
International
Inc. 184........................... BTU
Peabody Energy
185.............. PNC
PNC Financial
Corp.
Services Group
Inc. 144........................... BX
Blackstone Group 216.............. QID
ProShares
LP.
UltraShort QQQ. 200........................... CAL
Continental
149.............. SHLD
Sears Holdings
Airlines Inc.
Corp. 211........................... CF
CF Industries
175.............. SLM
SLM Corp.
Holdings Inc. 142........................... CMCSA
Comcast Corp.
212.............. SLW
Silver Wheaton
Corp. 203........................... CSX
CSX Corp.
215.............. SQNM
Sequenom Inc. 143........................... CVS
CVS Caremark Corp. 153.............. STEC
STEC Inc. 174........................... CX
Cemex SA.B de CV. 219.............. STX
Seagate
Technology. 183........................... DD
EI du Pont de
202.............. SU
Suncor Energy
Nemours & Co.
Inc. 146........................... ERTS
Electronic Arts
207.............. TCK
Teck Resources
Inc.
Ltd. 121........................... EWJ
iShares MSCI Japan 196.............. TEVA
Teva
Index Fund.
Pharmaceutical
Industries Ltd. 186........................... FDX
FedEx Corp.
135.............. TLT
iShares Barclays 20+ Year
Treasury Bond
Fund. 118........................... FNM
Federal National 214.............. TZA
Direxion Daily
Mortgage
Small Cap Bear
Association.
3X Shares. 182........................... FRE
Federal Home Loan 168.............. UAUA
UAL Corp.
Mortgage Corp. 179........................... GILD
Gilead Sciences
154.............. URE
ProShares Ultra
Inc.
Real Estate. 198........................... GLW
Corning Inc.
180.............. UTX
United
Technologies
Corp. 170........................... HBC
HSBC Holdings PLC. 204.............. WFR
MEMC Electronic
Materials Inc. 197........................... HES
Hess Corp.
115.............. WFT
Weatherford
International
Ltd. 161........................... HL
Hecla Mining Co. 165.............. WLP.
WellPoint Inc. 193........................... HOG
Harley-Davidson
191.............. XLB
Materials Select
Inc.
Sector SPDR
Fund. 206........................... HON
Honeywell
173.............. XRX
Xerox Corp.
International
Inc. 210........................... JOYG
Joy Global Inc.
148.............. XTO
XTO Energy Inc. 213........................... JWN
Nordstrom Inc.
130.............. YRCW
YRC Worldwide
Inc. 137........................... KFT
Kraft Foods Inc.
.......... .................
2. Statutory Basis
The Exchange believes that the proposed rule change is consistent with and furthers the objectives of Section 6(b)(5) of the Act, in that it is designed to promote just and equitable principles of trade, remove impediments to and perfect the mechanisms of a free and open market and a national market system and, in general, to protect investors and the public interest, by identifying the options classes added to the Pilot in a manner consistent with prior approvals and filings.
Page 6426
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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.
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Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants or Others
No written comments were solicited or received with respect to the proposed rule change.
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Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
The proposed rule change is effective upon filing pursuant to
Section 19(b)(3)(A)(i) of the Exchange Act \6\ and Rule 19b-4(f)(1) thereunder,\7\ in that it constitutes a stated policy, practice, or interpretation with respect to the meaning, administration, or enforcement of an existing rule of the Exchange. At any time within 60 days of the filing of the proposed rule change, the Commission may summarily abrogate the rule change if it appears to the Commission that the action is necessary or appropriate in the public interest, for the protection of investors, or would otherwise further the purposes of the
Act.
\6\ 15 U.S.C. 78s(b)(3)(A)(i).
\7\ 17 CFR 240.19b-4(f)(1).
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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
Use the Commission's Internet comment form (http:// www.sec.gov/rules/sro.shtml); or
Send an e-mail to rule-comments@sec.gov. Please include
File Number SR-NYSEAmex-2010-06 on the subject line.
Paper Comments
Send paper comments in triplicate to Elizabeth M. Murphy,
Secretary, Securities and Exchange Commission, 100 F Street, NE.,
Washington DC 20549-1090.
All submissions should refer to File Number SR-NYSEAmex-2010-06. This file number should be included on the subject line if e-mail 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 Web site (http://www.sec.gov/ rules/sro.shtml). 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 Web site 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 such filing also will be available for inspection and copying at NYSE Amex's principal office and on its Web site at www.nyse.com. All comments received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File No. SR-NYSEAmex-2010-06 and should be submitted on or before March 2, 2010.
For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\8\
\8\ 17 CFR 200.30-3(a)(12).
Florence E. Harmon,
Deputy Secretary.
FR Doc. 2010-2739 Filed 2-8-10; 8:45 am
BILLING CODE 8011-01-P
