{"abstract":null,"action":"Order Entry Firms may not execute as principal against orders on the limit order book they represent as agent unless: (a) Agency orders are first exposed on the limit order book for at least one (1) second, (b) the Order Entry Firm has been bidding or offering on the Exchange for at least one (1) second prior to receiving an agency order that is executable against such order, or (c) the Order Entry Firm proceeds in accordance with the crossing rules contained in Rule 1064.","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2016/01/06/2015-33219.html","cfr_references":[],"citation":"81 FR 541","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":null,"disposition_notes":null,"docket_ids":["Release No. 34-76801","File No. SR-Phlx-2015-99"],"dockets":[],"document_number":"2015-33219","effective_on":null,"end_page":544,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2016/01/06/2015-33219.xml","html_url":"https://www.federalregister.gov/documents/2016/01/06/2015-33219/self-regulatory-organizations-nasdaq-omx-phlx-llc-notice-of-filing-and-immediate-effectiveness-of","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2015-33219?publication_date=2016-01-06","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2016-01-06/2015-33219/mods.xml","not_received_for_publication":null,"page_length":4,"page_views":{"count":39,"last_updated":"2026-07-28 06:15:03 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2016-01-06/pdf/2015-33219.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2015-33219.pdf?1452001547","publication_date":"2016-01-06","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2016/01/06/2015-33219.txt","regulation_id_number_info":{},"regulation_id_numbers":[],"regulations_dot_gov_info":{"checked_regulationsdotgov_at":"2016-01-28T05:01:40Z"},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":541,"subtype":null,"title":"Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Regarding Order Exposure","toc_doc":"NASDAQ OMX PHLX, LLC","toc_subject":"Self-Regulatory Organizations; Proposed Rule Changes:","topics":[],"type":"Notice","volume":81}