[Federal Register Volume 68, Number 122 (Wednesday, June 25, 2003)]
[Notices]
[Page 37889]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-16008]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-48060; File No. SR-NYSE-2003-11]


Self-Regulatory Organizations; the New York Stock Exchange, Inc.; 
Order Granting Approval to Proposed Rule Change Relating to the NYSE 
Broker Volume Web Service

June 19, 2003.
    On April 22, 2003, the New York Stock Exchange, Inc. (``NYSE'' 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 to establish fees to make NYSE Broker Volume 
information available via a new web-based service (``NYSE Broker Volume 
Web Service''). The proposal was published for comment in the Federal 
Register on May 14, 2003.\3\ The Commission received no comments on the 
proposal.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 47813 (May 8, 2003), 
68 FR 25923.
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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 sections 6(b)(4) and (5) of the 
Act.\6\ Section 6(b)(4) \7\ requires the rules of an exchange to 
provide for the equitable allocation of reasonable dues, fees and other 
charges among members and issuers and other persons using any facility 
or system that the exchange operates or controls. Section 6(b)(5) \8\ 
requires that the rules of a national securities exchange be designed 
to foster cooperation and coordination with persons engaged in 
facilitating transactions in securities, and are not designed to permit 
unfair discrimination between customers, issuers, brokers or dealers. 
The Commission finds that the proposal is consistent with these 
Sections of the Act.
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    \4\ In approving this proposed rule change, the Commission 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. 78f(b)(4) and (5).
    \7\ 15 U.S.C. 78f(b)(4).
    \8\ 15 U.S.C. 78f(b)(5).
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    It is therefore ordered, pursuant to section 19(b)(2) of the 
Act,\9\ that the proposed rule change (SR-NYSE-2003-11) be, and it 
hereby is, approved.
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    \9\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Market Regulation, 
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pursuant to delegated authority.\10\

Margaret H. McFarland,
Deputy Secretary.
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    \10\ 17 CFR 200.30-3(a)(12).
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[FR Doc. 03-16008 Filed 6-24-03; 8:45 am]
BILLING CODE 8010-01-P