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19122 Federal Register / Vol. 73, No. 68 / Tuesday, April 8, 2008 / Notices
Electronic Comments SECURITIES AND EXCHANGE the most significant parts of such
COMMISSION statements.
• Use the Commission’s Internet
comment form (http://www.sec.gov/ [Release No. 34–57602; File No. SR–CBOE– A. Self-Regulatory Organization’s
rules/sro.shtml); or 2008–35] Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
• Send an e-mail to rule- Self-Regulatory Organizations; Change
comments@sec.gov. Please include File Chicago Board Options Exchange,
No. SR–Amex–2008–27 on the subject Incorporated; Notice of Filing and 1. Purpose
line. Immediate Effectiveness of Proposed CBOE Rule 8.3A, Maximum Number
Rule Change To Increase the Class of Market Participants Quoting
Paper Comments Quoting Limit in One Option Class Electronically per Product, establishes
• Send paper comments in triplicate class quoting limits (‘‘CQLs’’) for each
April 2, 2008. class traded on the Hybrid Trading
to Nancy M. Morris, Secretary, Pursuant to Section 19(b)(1) of the
Securities and Exchange Commission, System or Hybrid 2.0 Platform.5 A CQL
Securities Exchange Act of 1934 (‘‘Act’’ is the maximum number of quoters that
Station Place, 100 F Street, NE., or ‘‘Exchange Act’’),1 and Rule 19b–4 may quote electronically in a given
Washington, DC 20549–1090. thereunder,2 notice is hereby given that product and Rule 8.3A, Interpretation
All submissions should refer to File on March 28, 2008, the Chicago Board .01(a) provides that the current levels
Number SR–Amex–2008–27. This file Options Exchange, Incorporated are generally established at 50.
number should be included on the (‘‘CBOE’’ or ‘‘Exchange’’) filed with the In addition, Rule 8.3A, Interpretation
subject line if e-mail is used. To help the Securities and Exchange Commission .01(b) provides a procedure by which
Commission process and review your (‘‘Commission’’ or ‘‘SEC’’) the proposed the President of the Exchange may
comments more efficiently, please use rule change as described in Items I, II, increase the CQL for an existing or new
only one method. The Commission will and III below, which Items have been product. In this regard, the President of
post all comments on the Commission’s prepared by the CBOE. The Exchange the Exchange may increase the CQL in
has designated this proposal as one exceptional circumstances, which are
Internet Web site (http://www.sec.gov/
constituting a stated policy, practice, or defined in the rule as ‘‘substantial
rules/sro.shtml). Copies of the
interpretation with respect to the trading volume, whether actual or
submission, all subsequent meaning, administration, or
amendments, all written statements expected.’’ 6 The effect of an increase in
enforcement of an existing rule under the CQL is procompetitive in that it
with respect to the proposed rule Section 19(b)(3)(A)(i) of the Act,3 and increases the number of market
change that are filed with the Rule 19b–4(f)(1) thereunder,4 which participants that may quote
Commission, and all written renders the proposal effective upon electronically in a product. The purpose
communications relating to the filing with the Commission. The of this filing is to increase the CQL in
proposed rule change between the Commission is publishing this notice to the option class Visa, Inc. (V) from its
Commission and any person, other than solicit comments on the proposed rule current limit of 60 to 70.7
those that may be withheld from the change from interested persons. CBOE anticipates that there will be
public in accordance with the substantial trading volume in this class.
I. Self-Regulatory Organization’s
provisions of 5 U.S.C. 552, will be In addition, increasing the CQL to 70
Statement of the Terms of Substance of
available for inspection and copying in will accommodate Market-Makers that
the Proposed Rule Change
the Commission’s Public Reference are currently on the wait-list to be
Room, 100 F Street, NE, Washington, DC The Exchange proposes to increase appointed to the option class. Increasing
20549, on official business days the class quoting limit in one option the CQL in this option will enable the
between the hours of 10 a.m. and 3 p.m. class. The text of the proposed rule Exchange to enhance the liquidity
Copies of such filing also will be change is available on CBOE’s Web site offered, thereby offering deeper and
available for inspection and copying at (http://www.cboe.org/legal), at the more liquid markets. Lastly, CBOE
the principal office of the Exchange. All CBOE’s Office of the Secretary, and at represents that it has the systems
the Commission’s Public Reference capacity to support this increase in the
comments received will be posted
Room. CQL.
without change; the Commission does
not edit personal identifying II. Self-Regulatory Organization’s 2. Statutory Basis
information from submissions. You Statement of the Purpose of, and
Accordingly, CBOE believes the
should submit only information that Statutory Basis for, the Proposed Rule
proposed rule change is consistent with
you wish to make available publicly. All Change
the Act and the rules and regulations
submissions should refer to File In its filing with the Commission, the under the Act applicable to a national
Number SR–Amex–2008–27 and should Exchange included statements securities exchange and, in particular,
be submitted on or before April 29, concerning the purpose of and basis for the requirements of Section 6(b) of the
2008. the proposed rule change and discussed Act.8 Specifically, the Exchange
For the Commission, by the Division of any comments it received on the believes the proposed rule change is
Trading and Markets, pursuant to delegated proposed rule change. The text of these
authority.17 statements may be examined at the 5 See Rule 8.3A.01.
places specified in Item IV below. The 6 ‘‘Any actions taken by the President of the
Florence E. Harmon, Exchange pursuant to this paragraph will be
Exchange has prepared summaries, set
Deputy Secretary. submitted to the SEC in a rule filing pursuant to
pwalker on PROD1PC71 with NOTICES
forth in Sections A, B, and C below, of Section 19(b)(3)(A) of the Exchange Act.’’ Rule
[FR Doc. E8–7311 Filed 4–7–08; 8:45 am]
8.3A.01(b).
BILLING CODE 8011–01–P 1 15 U.S.C. 78s(b)(1). 7 CBOE recently increased the CQL in V from 50
2 17 CFR 240.19b–4. to 60. See Securities Exchange Act Release No.
3 15 U.S.C. 78s(b)(3)(A)(i). 57582 (March 31, 2008) (SR–CBOE–2008–34).
17 17 CFR 200.30–3(a)(12). 4 17 CFR 240.19b–4(f)(1). 8 15 U.S.C. 78(f)(b).
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