[Federal Register Volume 79, Number 145 (Tuesday, July 29, 2014)]
[Notices]
[Page 44070]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-17774]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-72661; File No. 10-214]
Automated Matching Systems Exchange, LLC; Notice of Filing of
Application for Limited Volume Exemption From Registration as a
National Securities Exchange Under Section 5 of the Securities Exchange
Act of 1934
July 23, 2014.
On July 7, 2014, Automated Matching Systems Exchange, LLC
(``AMSE'') submitted to the Securities and Exchange Commission
(``Commission'') an application seeking a limited volume exemption
under Section 5 of the Securities Exchange Act (``Exchange Act'') from
registration as a national securities exchange under Section 6 of the
Exchange Act. Although Section 5 of the Exchange Act does not require
publication of such a request for exemption, the Commission has
determined, in its discretion, to publish this notice in order to
solicit the views of interested persons on AMSE's exemption
application.\1\
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\1\ Section 5 of the Exchange Act authorizes the Commission to
grant an exemption from registration if, ``in the opinion of the
Commission, by reason of the limited volume of transactions effected
on [the] exchange, it is not practicable and not necessary or
appropriate in the public interest for the protection of investors
to require such registration.'' 15 U.S.C. 78e.
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AMSE proposes to conduct business in reliance upon an exemption
from registration as a national securities exchange due to the limited
volume of transactions proposed to be effected on AMSE. In general,
AMSE seeks to operate as a centralized marketplace for alternative
trading systems. AMSE proposes to operate solely on an ``off-order-
book'' trading basis. Each member of AMSE would maintain its own
automated matching system or electronic order book and would report its
transactions to AMSE at such intervals as required by AMSE. Trades
would occur when an order to buy and an order to sell match on the
member's electronic order book. Each member of AMSE would adopt rules
governing the execution and priority of orders. AMSE does not intend to
have a physical exchange trading floor, centralized order book, or
specialists or market makers with affirmative and negative market
making obligations.
AMSE's exemption application is available at the Commission's
Public Reference Room and www.sec.gov. Interested persons are invited
to submit written data, views, and arguments concerning AMSE's
exemption application, including whether AMSE's exemption application
is consistent with the Exchange Act and whether AMSE qualifies as an
``exchange'' under the Exchange 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/other.shtml); or
Send an email to [email protected]. Please include
File Number 10-214 on the subject line.
Paper Comments
Send paper comments in triplicate to Secretary, Securities
and Exchange Commission, Station Place, 100 F Street NE., Washington,
DC 20549-1090.
All submissions should refer to File Number 10-214. This file number
should be included on the subject line if email 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/other.shtml).
Copies of the submission, all subsequent amendments, all written
statements with respect to AMSE's exemption application filed with the
Commission, and all written communications relating to the application
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 10:00 a.m. and
3:00 p.m. 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 Number 10-214
and should be submitted on or before September 12, 2014.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\2\
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\2\ 17 CFR 200.30-3(a)(71)(i).
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Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-17774 Filed 7-28-14; 8:45 am]
BILLING CODE 8011-01-P