[Federal Register Volume 67, Number 123 (Wednesday, June 26, 2002)]
[Notices]
[Page 43182]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-16065]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-46091; File No. 4-208]


Intermarket Trading System; Notice of Filing of the Nineteenth 
Amendment to the ITS Plan Relating to the Philadelphia Stock Exchange, 
Inc.'s Implementation of a Remote Specialist Program

June 19, 2002.
    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 May 3, 2002, the Intermarket Trading System Operating Committee 
(``ITSOC'') submitted to the Securities and Exchange Commission 
(``Commission'') a proposed amendment (``Nineteenth Amendment'') to the 
restated ITS Plan.\3\ The purpose of the proposed plan amendment is to 
recognize the Phlx's implementation of a remote specialist program. 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 Boston Stock Exchange, Inc. (``BSE''), the Chicago 
Board Options Exchange, Inc. (``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 Phlx's 
implementation of its remote specialist program.\4\ Specifically, the 
ITSOC proposes to amend Sections 1 (``Definitions''), 6(a)(i)(A) 
(``Receipt of Quotations''), 6(a)(ii) (``Description of ITS 
Transactions''), and 8(a) (``System Access'') of the ITS Plan to 
include references regarding the premises of Phlx Remote Specialists on 
which ITS stations are located, and define the terms ``Phlx Remote 
Specialist,`` \5\ ``Phlx Registered Specialist,`` \6\ and ``Phlx 
Designated Specialist.''\7\
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    \4\ See Securities Exchange Act Release No. 45184 (December 21, 
2001), 67 FR 622 (January 4, 2002) (order approving SR-Phlx-2001-
98).
    \5\ The term ``Phlx Remote Specialist'' is defined in the 
proposed amendment as a Phlx Registered Specialist who is authorized 
by Phlx Rule 461 to conduct his/her regular specialist trading 
activities at remote locations off the floor of the Phlx.
    \6\ The term ``Phlx Registered Specialist'' is defined in the 
proposed amendment as a Phlx member who has been appointed and 
registered pursuant to Phlx Rule 202 to act as a market maker in one 
or more System securities.
    \7\ The term ``Phlx Designated Specialist'' is defined in the 
proposed amendment as a Phlx Registered Specialist appointed by the 
Phlx to coordinate the handling of commitments to trade received by 
the Phlx.
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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 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 July 17, 2002.

    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)(29).
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Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 02-16065 Filed 6-25-02; 8:45 am]
BILLING CODE 8010-01-P