67 FR 52 pg. 12075 - Self-Regulatory Organizations; Philadelphia Stock Exchange, Inc.; Order Granting Approval to Proposed Rule Change Amending Phlx Rule 237, “The eVWAP Morning Session”
Type: NOTICEVolume: 67Number: 52Page: 12075
Docket number: [Release No. 34-45539; File No. SR-PHLX-2001-120]
FR document: [FR Doc. 02-6452 Filed 3-15-02; 8:45 am]
Agency: Securities and Exchange Commission
Official PDF Version: PDF Version
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-45539; File No. SR-PHLX-2001-120]
Self-Regulatory Organizations; Philadelphia Stock Exchange, Inc.; Order Granting Approval to Proposed Rule Change Amending Phlx Rule 237, "The eVWAP Morning Session"
March 12, 2002.
On December 26, 2001, the Philadelphia Stock Exchange, Inc. ("Phlx" or "Exchange") filed with the Securities and Exchange Commission ("Commission"), pursuant to section 19(b)(1) of the Securities Exchange Act of 1934 ("Act")1and Rule 19b-4 thereunder,2a proposed rule change to amend Phlx Rule 237, "The eVWAP Morning Session," to: (1) Allow Exchange-Traded Fund Shares to be executed on the eVWAP System; (2) codify order increment size requirements; and (3) make minor technical amendments to Phlx Rule 237. On January 25, 2002, the Phlx made minor, technical amendments to the proposal.
Footnotes:
1 15 U.S.C. 78s(b)(1)
2 17 CFR 240. 19b-4.
The proposed rule change, as amended, was published for comment in the Federal Register on February 1, 2002.3The Commission received no comments on the proposal.
Footnotes:
3 See Securities Exchange Act Release No. 45343 (January 28, 2002), 67 FR 5027.
The Commission finds that the proposed rule change, as amended, is consistent with the requirements of the Act and the rules and regulations thereunder applicable to a national securities exchange4and, in particular, the requirements of Section 6 of the Act5and the rules and regulations thereunder. The Commission finds specifically that the proposed rule change is consistent with section 6(b)(5) of the Act6because it will expand the number of securities eligible for eVWAP trading, as well as codify order and commitment size requirements.
Footnotes:
4 In approving this proposed rule change, the Commission has considered the proposed rule's impact on efficiency, competition, and capital formation. 15 U.S.C. 78c(f).
5 15 U.S.C. 78f.
6 15 U.S.C. 78f(b)(5).
It is therefore ordered, pursuant to section 19(b)(2) of the Act7, that the proposed rule change (SR-PHLX-2001-120), as amended, be, and it hereby is, approved.
Footnotes:
7 15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Market Regulation, pursuant to delegated authority.8
Footnotes:
8 17 CFR 200.30-3(a)(12).
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 02-6452 Filed 3-15-02; 8:45 am]
BILLING CODE 8010-01-P