[Federal Register: April 3, 2003 (Volume 68, Number 64)]
[Notices]
[Page 16319-16320]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr03ap03-116]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-47578; File No. 4-208]
Intermarket Trading System; Notice of Filing of the Twentieth
Amendment to the ITS Plan Relating to the Recognition of the Use by the
Chicago Board Options Exchange, Inc. of the Regional Computer Interface
and the Description of Commitment Acceptance Applicable to Specialists
of the Boston Stock Exchange, Inc.
March 26, 2003.
Pursuant to section 11A of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 11A3a3-2 thereunder,\2\ notice is hereby given
that on March 14, 2003, the Intermarket Trading System Operating
Committee (``ITSOC'') submitted to the Securities and Exchange
Commission (``Commission'') a proposed amendment (``Twentieth
Amendment'') to the restated ITS Plan.\3\ The purpose of the proposed
plan amendment is to recognize the use by the Chicago Board Options
Exchange, Inc. (``CBOE'') of the Regional Computer Interface (``RCI'');
and to revise the description of commitment acceptance applicable to
specialists of the Boston Stock Exchange, Inc. (``BSE''). The
Commission is publishing this notice to solicit comment on the proposed
amendment from interested persons.
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\1\ 15 U.S.C. 78k-1.
\2\ 17 CFR 240.11Aa3-2.
\3\ The ITS is a National Market System (``NMS'') plan, which
was designed to facilitate intermarket trading in exchange-listed
equity securities based on current quotation information emanating
from the linked markets. See Securities Exchange Act Release No.
19456 (January 27, 1983), 48 FR 4938 (February 3, 1983).
The ITS Participants include the American Stock Exchange LLC
(Amex''), the BSE, the CBOE, the Chicago Stock Exchange, Inc.
(``CHX''), the Cincinnati Stock Exchange, Inc. (``CSE''), the
National Association of Securities Dealers, Inc. (``NASD''), the New
York Stock Exchange, Inc. (``NYSE''), the Pacific Exchange, Inc.
(``PCX''), and the Philadelphia Stock Exchange, Inc. (``Phlx'')
(``Participants'').
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I. Description of the Amendment
The ITSOC proposes to amend the ITS Plan to recognize the CBOE's
use of the RCI; and revise the description of commitment acceptance
applicable to BSE specialists. Specifically, the ITSOC proposes to
amend Section 1(34A) of the ITS Plan to include the CBOE as an RCI
participant. In addition, the ITSOC proposes to amend Section
6(a)(ii)(B) (``Description Applicable to the BSE'') to provide an
example of an ITS transaction represented by one or more BSE Registered
specialists.
II. Solicitation of Comments
Interested persons are invited to submit written data, views and
arguments concerning the foregoing, including whether the proposed Plan
amendment is consistent with the Act. Persons making written
submissions should file six copies thereof with the Secretary,
Securities and Exchange Commission, 450 Fifth Street, NW., Washington,
DC 20549-0609. Copies of the submission, all subsequent amendments, all
written statements with respect to the proposed Plan amendment that are
filed with the Commission, and all written communications relating to
the proposed Plan amendment 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
[[Page 16320]]
available for inspection and copying in the Commission's Public
Reference Room. Copies of such proposed Plan Amendment will also be
available for inspection and copying at the principal office of the
ITS. All submissions should refer to File No. 4-208 and should be
submitted by April 24, 2003.
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\4\
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\4\ 17 CFR 200.30-3(a)(29).
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Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 03-8038 Filed 4-2-03; 8:45 am]
BILLING CODE 8010-01-P