[Federal Register Volume 70, Number 143 (Wednesday, July 27, 2005)]
[Notices]
[Page 43470]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E5-3984]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-52061; File No. SR-Amex-2005-55]


Self-Regulatory Organizations; American Stock Exchange LLC; Order 
Granting Approval to Proposed Rule Change Relating to the Continuation 
of a Quote Assist Feature in Options on a Pilot Basis

July 19, 2005.
    On May 19, 2005, the American Stock Exchange LLC (``Amex'' 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 extend its pilot program implementing a quote-
assist feature retroactively from April 30, 2005 to May 18, 2005. The 
proposed rule change was published for comment in the Federal Register 
on June 16, 2005.\3\ The Commission received no comments on the 
proposal. This order approves the proposed rule change.
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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. 51815 (June 9, 
2005), 70 FR 35142 (June 16, 2005) (SR-Amex-2005-55).
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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. Specifically, the Commission finds the 
proposal to be consistent with Section 6(b)(5) of the Act,\6\ in that 
is designed to prevent fraudulent and manipulative acts and practices, 
to promote just and equitable principles of trade, and, in general, to 
protect investors and the public interest. The quote assist feature 
provides a mechanism to ensure that eligible customer limit orders are 
displayed within the appropriate time frame. Additionally, by extending 
the pilot program retroactively from April 30, 2005 to May 18, 2005, 
the Exchange rules will accurately reflect the fact that the pilot 
program was in place during this time.
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    \4\ In approving this proposed rule change, as amended, the 
Commission has considered the proposed rule's impact on efficiency, 
competition, and capital formation. See 15 U.S.C. 78c(f).
    \5\ 15 U.S.C. 78f.
    \6\ 15 U.S.C. 78f(b)(5).
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    It is therefore ordered, pursuant to Section 19(b)(2) of the 
Act,\7\ that the proposed rule change (SR-Amex-2005-55), 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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Jill M. Peterson,
Assistant Secretary.
[FR Doc. E5-3984 Filed 7-26-05; 8:45 am]
BILLING CODE 8010-01-P