[Federal Register Volume 67, Number 13 (Friday, January 18, 2002)]
[Notices]
[Page 2712]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-1357]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-45271; File No. SR-CHX-2001-17]


Self-Regulatory Organizations; Order Approving Proposed Rule 
Change by The Chicago Stock Exchange, Incorporated Relating to 
Eligibility of Limit Orders for Trade Through Protection

January 11, 2002.
    On August 6, 2001, the Chicago Stock Exchange, Inc. (``CHX'' or 
``Exchange'') filed with the Securities and Exchange Commission 
(``Commission''), pursuant to section 19(b)(1) of the Securities 
Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ a 
proposed rule change that would amend CHX Article XX, Rule 37(b)(6) to 
require that a limit order be resident in the specialist's book for a 
time period of 0-15 seconds (as designated by the specialist) before it 
would be eligible for trade through protection.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
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    The proposed rule change was published for comment in the Federal 
Register on December 5, 2001.\3\ The Commission received no comments on 
the proposal.
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    \3\ See Securities Exchange Act Release No. 45115 (November 28, 
2001), 66 FR 63269 (December 5, 2001).
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    The Commission finds that the proposed rule change is consistent 
with the requirements of the Act and the rules and regulations 
thereunder applicable to a national securities exchange \4\ and, in 
particular, the requirements of section 6 of the Act \5\ and the rules 
and regulations thereunder. The Commission finds specifically that the 
proposed rule change is consistent with Section 6(b)(5) of the Act \6\ 
in that it designed to promote just and equitable principles of trade, 
to remove impediments to, and to perfect the mechanism of a free and 
open market and a national market system, and in general to protect 
investors and the public interest.
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    \4\ In approving this proposed rule change, the Commission notes 
that it 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. 78s(b)(2).
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    It is therefore ordered, pursuant to section 19(b)(2) of the 
Act,\7\ that the proposed rule change (File No. SR-CHX-2001-17) be, and 
it hereby is, approved.
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    \7\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\8\
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    \8\ 17 CFR 200.30-3(a)(12).
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Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 02-1357 Filed 1-17-02; 8:45 am]
BILLING CODE 8010-01-M