Skip to Content

Notice

Self-Regulatory Organizations; EDGX Exchange, Inc.; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change To Adopt a New Order Type Called the Mid-Point Discretionary Order

Document Details

Information about this document as published in the Federal Register.

Published Document

This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.

Start Preamble May 2, 2014.

On March 7, 2014, EDGX Exchange, Inc. (the “Exchange” or “EDGX”) 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 its rules to add a new order type called the Mid-Point Discretionary Order and to reflect the priority of Mid-Point Discretionary Orders. The proposed rule change was published for comment in the Federal Register on March 25, 2014.[3] The Commission received no comment letters.

Section 19(b)(2) of the Act [4] provides that within 45 days of the publication of notice of the filing of a proposed rule change, or within such longer period up to 90 days as the Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding or as to which the self-regulatory organization consents, the Commission shall either approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether these proposed rule changes should be disapproved. The 45th day for this filing is May 9, 2014.

The Commission is extending the 45-day time period for Commission action on the proposed rule change. The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider and take action on the Exchange's proposed rule change.

Accordingly, pursuant to Section 19(b)(2)(A)(ii)(I) of the Act [5] and for the reasons stated above, the Commission designates June 23, 2014, as the date by which the Commission should either approve or disapprove, or institute proceedings to determine whether to Start Printed Page 26474disapprove, the proposed rule change (File No. SR-EDGX-2014-05).

Start Signature

For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.6

Kevin M. O'Neill,

Deputy Secretary.

End Signature End Preamble

Footnotes

3.  See Securities Exchange Act Release No. 71747 (March 19, 2014), 79 FR 16401.

Back to Citation

5.  15 U.S.C. 78s(b)(2)(A)(ii)(I).

Back to Citation

[FR Doc. 2014-10540 Filed 5-7-14; 8:45 am]

BILLING CODE 8011-01-P