[Federal Register Volume 64, Number 104 (Tuesday, June 1, 1999)]
[Notices]
[Page 29367]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-13710]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-41439; File No. 10-127]


International Securities Exchange LLC; Notice of Filing of 
Application for Registration as a National Securities Exchange Under 
Section 6 of the Securities Exchange Act of 1934

May 24, 1999.
    The International Securities Exchange LLC (``ISE'') has submitted a 
Form 1 application under the Securities Exchange Act of 1934 
(``Exchange Act''), seeking registration as a national securities 
exchange under Section 6 of the Exchange Act.\1\ A copy of the ISE'S 
Form 1, including all exhibits, is available in the Commission's Public 
Reference Room, File No. 10-127, and on the Commission's website at 
http://www.sec.gov/rules/othrindx.htm. The Commission is publishing 
notice of ISE's filing to afford interested persons an opportunity to 
submit written comments. The Commission will take these comments into 
consideration in making its determination about whether to grant ISE's 
request to be registered as an exchange. The Commission shall grant 
such registration if it finds that the requirements of the Exchange Act 
and the rules and regulations thereunder are satisfied.\2\
---------------------------------------------------------------------------

    \1\ See Letter to Michael Walinskas, Deputy Associate Director, 
Division of Market Regulation, Commission, from David Krell, 
President and CEO, ISE, dated February 1, 1999 (``ISE Form 1'').
    \2\ Section 19(a)(1) of the exchange Act, 15 U.S.C. 78s(a)(1).
---------------------------------------------------------------------------

    ISE's Form 1 provides detailed information about ISE and how it 
proposes to satisfy the requirement of the Exchange Act. In general, 
ISE would become an exchange that operates an automated trading system 
for standardized equity options. It would be an agency-auction market 
similar to the exchange markets currently in operation, although the 
auction would occur electronically, and not on a floor. ISE plans to 
become a member-owner of, and clear it transactions through, The 
Options Clearing Corporation (``OCC''). As a member-owner of OCC, the 
options contracts traded on the ISE would be fully fungible with the 
options of the same companies traded on the other options exchanges. 
ISE also plans to join the Options Price Reporting Authority Plan, 
which governs the dissemination of options quotes and last-sale 
transaction prices.
    Interested persons should submit three copies of their written 
data, views and opinions to Jonathan G. Katz, Secretary, Securities and 
Exchange and Commission, 450 Fifth Street, N.W., Washington, D.C. 
20549-0609. Comments may also be submitted electronically at the 
following e-mail address: [email protected]. Comments must be 
received on or before July 16, 1999. All comment letters should refer 
to File No. 10-127; this file number should be included on the subject 
line if comments are submitted using e-mail. All submissions will be 
available for public inspection and copying at the Commission's Public 
Reference Room, Room 1024, 450 Fifth Street, N.W., Washington, D.C. 
20549. Electronically submitted comment letters will be posted on the 
Commission's Internet website (http://www.sec.gov).
    For questions regarding this release, contact: Michael Walinskas, 
Deputy Associate Director, at (202) 942-0187, Sheila Slevin, Assistant 
Director, at (202) 942-0796, Christine Richardson, Attorney, at (202) 
942-0748, or Joseph Morra, Attorney, at (202) 942-0781; Division of 
Market Regulation, Securities and Exchange Commission, 450 Fifth 
Street, N.W., Washington, D.C. 20549-1001.

    By the Commission.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 99-13710 Filed 5-28-99; 8:45 am]
BILLING CODE 8010-01-M