[Federal Register Volume 68, Number 64 (Thursday, April 3, 2003)]
[Notices]
[Pages 16319-16320]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-8038]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-47578; File No. 4-208]


Intermarket Trading System; Notice of Filing of the Twentieth 
Amendment to the ITS Plan Relating to the Recognition of the Use by the 
Chicago Board Options Exchange, Inc. of the Regional Computer Interface 
and the Description of Commitment Acceptance Applicable to Specialists 
of the Boston Stock Exchange, Inc.

March 26, 2003.
    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 March 14, 2003, the Intermarket Trading System Operating 
Committee (``ITSOC'') submitted to the Securities and Exchange 
Commission (``Commission'') a proposed amendment (``Twentieth 
Amendment'') to the restated ITS Plan.\3\ The purpose of the proposed 
plan amendment is to recognize the use by the Chicago Board Options 
Exchange, Inc. (``CBOE'') of the Regional Computer Interface (``RCI''); 
and to revise the description of commitment acceptance applicable to 
specialists of the Boston Stock Exchange, Inc. (``BSE''). 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 BSE, the 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 CBOE's 
use of the RCI; and revise the description of commitment acceptance 
applicable to BSE specialists. Specifically, the ITSOC proposes to 
amend Section 1(34A) of the ITS Plan to include the CBOE as an RCI 
participant. In addition, the ITSOC proposes to amend Section 
6(a)(ii)(B) (``Description Applicable to the BSE'') to provide an 
example of an ITS transaction represented by one or more BSE Registered 
specialists.

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

[[Page 16320]]

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 April 24, 2003.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\4\
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    \4\ 17 CFR 200.30-3(a)(29).
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Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 03-8038 Filed 4-2-03; 8:45 am]
BILLING CODE 8010-01-P