[Federal Register Volume 75, Number 27 (Wednesday, February 10, 2010)]
[Notices]
[Pages 6756-6758]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-2953]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-61482; File No. SR-NYSEArca-2010-06]


Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing 
and Immediate Effectiveness of Proposed Rule Change Adding 75 Options 
Classes to the Penny Pilot Program

February 3, 2010.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 
(the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given 
that on January 28, 2010, NYSE Arca, Inc. (``NYSE Arca'' or the 
``Exchange'') filed with the Securities and Exchange Commission (the 
``Commission'') the proposed rule change as described in Items I, II, 
and III below, which Items have been prepared by the self-regulatory 
organization. The Commission is publishing this notice to solicit 
comments on the proposed rule change from interested persons.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange proposes to designate 75 options classes to be added 
to the Penny Pilot Program for Options (``Penny Pilot'' or ``Pilot'') 
on February 1, 2010. There are no changes to the rule text. A copy of 
this filing is available on the Exchange's Web site at http://www.nyse.com, at the Exchange's principal office, at the Commission's 
Public Reference Room and on the Commission's Web site at http://www.sec.gov.

II. Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

    In its filing with the Commission, the self-regulatory organization 
included statements concerning the purpose of, and basis for, the 
proposed rule change and discussed any comments it received on the 
proposed rule change. The text of those statements may be examined at 
the places specified in Item IV below. The Exchange has prepared 
summaries,

[[Page 6757]]

set forth in Sections A, B, and C below, of the most significant parts 
of such statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

1. Purpose
    NYSE Arca proposes to identify the next 75 options classes to be 
added to the Penny Pilot effective February 1, 2010. The Exchange 
recently received approval to extend and expand the Pilot through 
December 31, 2010.\3\ In that filing, the Exchange had proposed 
expanding the Pilot on a quarterly basis to add the next 75 most 
actively traded multiply listed options classes based on national 
average daily volume for the six months prior to selection, closing 
under $200 per share on the Expiration Friday prior to expansion, 
except that the month immediately preceding their addition to the Penny 
Pilot will not be used for the purpose of the six month analysis.\4\
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    \3\ See Exchange Act Release No. 60711 (September 23, 2009), 74 
FR 49419 (September 28, 2009) (order approving SR-NYSEArca-2009-44).
    \4\ Index products would be included in the expansion if the 
underlying index level was under 200.
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    NYSE Arca proposes adding the following 75 options classes to the 
Penny Pilot on February 1, 2010, based on national average daily volume 
from July 1, 2009 through December 31, 2009:

----------------------------------------------------------------------------------------------------------------
   Nat'l ranking          Symbol         Company name        Nat'l ranking         Symbol         Company name
----------------------------------------------------------------------------------------------------------------
131                  ABT              Abbott              192...............  LEAP             Leap Wireless
                                       Laboratories.                                            International
                                                                                                Inc.
169                  AEM              Agnico-Eagle Mines  205...............  LLY              Eli Lilly & Co.
                                       Ltd.
151                  AET              Aetna Inc.........  162...............  LO               Lorillard Inc.
156                  AFL              Aflac Inc.........  152...............  LOW              Lowe's Cos Inc.
181                  AKAM             Akamai              176...............  M                Macy's Inc.
                                       Technologies Inc.
178                  AMAT             Applied Materials   155...............  MCO              Moody's Corp.
                                       Inc.
117                  AMR              AMR Corp..........  217...............  MET              MetLife Inc.
166                  ANF              Abercrombie &       187...............  MMM              3M Co.
                                       Fitch Co.
172                  APC              Anadarko Petroleum  140...............  MU               Micron Technology
                                       Corp.                                                    Inc.
209                  ATVI             Activision          177...............  NUE              Nucor Corp.
                                       Blizzard Inc.
145                  BBD              Banco Bradesco SA.  157...............  OXY              Occidental
                                                                                                Petroleum Corp.
190                  BCRX             BioCryst            158...............  PARD             Poniard
                                       Pharmaceuticals                                          Pharmaceuticals
                                       Inc.                                                     Inc.
218                  BK               Bank of New York    150...............  PEP              PepsiCo Inc/NC.
                                       Mellon Corp/The.
194                  BRCM             Broadcom Corp.....  141...............  PM               Philip Morris
                                                                                                International
                                                                                                Inc.
184                  BTU              Peabody Energy      185...............  PNC              PNC Financial
                                       Corp.                                                    Services Group
                                                                                                Inc.
144                  BX               Blackstone Group    216...............  QID              ProShares
                                       LP.                                                      UltraShort QQQ.
200                  CAL              Continental         149...............  SHLD             Sears Holdings
                                       Airlines Inc.                                            Corp.
211                  CF               CF Industries       175...............  SLM              SLM Corp.
                                       Holdings Inc.
142                  CMCSA            Comcast Corp......  212...............  SLW              Silver Wheaton
                                                                                                Corp.
203                  CSX              CSX Corp..........  215...............  SQNM             Sequenom Inc.
143                  CVS              CVS Caremark Corp.  153...............  STEC             STEC Inc.
174                  CX               Cemex SAB de CV...  219...............  STX              Seagate
                                                                                                Technology.
183                  DD               EI du Pont de       202...............  SU               Suncor Energy
                                       Nemours & Co.                                            Inc.
146                  ERTS             Electronic Arts     207...............  TCK              Teck Resources
                                       Inc.                                                     Ltd.
121                  EWJ              iShares MSCI Japan  196...............  TEVA             Teva
                                       Index Fund.                                              Pharmaceutical
                                                                                                Industries Ltd.
186                  FDX              FedEx Corp........  135...............  TLT              iShares Barclays
                                                                                                20+ Year
                                                                                                Treasury Bond
                                                                                                Fund.
118                  FNM              Federal National    214...............  TZA              Direxion Daily
                                       Mortgage                                                 Small Cap Bear
                                       Association.                                             3X Shares.
182                  FRE              Federal Home Loan   168...............  UAUA             UAL Corp.
                                       Mortgage Corp.
179                  GILD             Gilead Sciences     154...............  URE              ProShares Ultra
                                       Inc.                                                     Real Estate.
198                  GLW              Corning Inc.......  180...............  UTX              United
                                                                                                Technologies
                                                                                                Corp.
170                  HBC              HSBC Holdings PLC.  204...............  WFR              MEMC Electronic
                                                                                                Materials Inc.
197                  HES              Hess Corp.........  115...............  WFT              Weatherford
                                                                                                International
                                                                                                Ltd.
161                  HL               Hecla Mining Co...  165...............  WLP              WellPoint Inc.
193                  HOG              Harley-Davidson     191...............  XLB              Materials Select
                                       Inc.                                                     Sector SPDR
                                                                                                Fund.
206                  HON              Honeywell           173...............  XRX              Xerox Corp.
                                       International Inc.
210                  JOYG             Joy Global Inc....  148...............  XTO              XTO Energy Inc.
213                  JWN              Nordstrom Inc.....  130...............  YRCW             YRC Worldwide
                                                                                                Inc.
137                  KFT              Kraft Foods Inc...  ..................  ...............  .................
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2. Statutory Basis
    The Exchange believes the proposed rule change is consistent with 
and furthers the objectives of Section 6(b)(5) of the Act, in that it 
is designed to promote just and equitable principles of trade, remove 
impediments to and perfect the mechanisms of a free and open market and 
a national market system and, in general, to protect investors and the 
public interest, by identifying the options classes to be added to the 
Pilot in a manner consistent with prior approvals and filings.

B. Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange does not believe that the proposed rule change will 
impose any burden on competition that is not

[[Page 6758]]

necessary or appropriate in furtherance of the purposes of the Act.

C. Self-Regulatory Organization's Statement on Comments on the Proposed 
Rule Change Received From Members, Participants or Others

    No written comments were solicited or received with respect to the 
proposed rule change.

III. Date of Effectiveness of the Proposed Rule Change and Timing for 
Commission Action

    The proposed rule change is effective upon filing pursuant to 
Section 19(b)(3)(A)(i) of the Exchange Act \5\ and Rule 19b-4(f)(1) 
thereunder,\6\ in that it constitutes a stated policy, practice, or 
interpretation with respect to the meaning, administration, or 
enforcement of an existing rule of the Exchange. At any time within 60 
days of the filing of the proposed rule change, the Commission may 
summarily abrogate the rule change if it appears to the Commission that 
the action is necessary or appropriate in the public interest, for the 
protection of investors, or would otherwise further the purposes of the 
Act.
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    \5\ 15 U.S.C. 78s(b)(3)(A)(i).
    \6\ 17 CFR 240.19b-4(f)(1).
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IV. Solicitation of Comments

    Interested persons are invited to submit written data, views, and 
arguments concerning the foregoing, including whether the proposed rule 
change is consistent with the Act. Comments may be submitted by any of 
the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an e-mail to [email protected]. Please include 
File Number SR-NYSEArca-2010-06 on the subject line.

Paper Comments

     Send paper comments in triplicate to Elizabeth M. Murphy, 
Secretary, Securities and Exchange Commission, 100 F Street, NE., 
Washington, DC 20549-1090.

All submissions should refer to File Number SR-NYSEArca-2010-06. This 
file number should be included on the subject line if e-mail is used. 
To help the Commission process and review your comments more 
efficiently, please use only one method. The Commission will post all 
comments on the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, 
all written statements with respect to the proposed rule change that 
are filed with the Commission, and all written communications relating 
to the proposed rule change 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 Web viewing 
and printing in the Commission's Public Reference Room, 100 F Street, 
NE., Washington, DC 20549, on official business days between the hours 
of 10 a.m. and 3 p.m. Copies of such filing also will be available for 
inspection and copying at NYSE Arca's principal office and on its Web 
site at http://www.nyse.com. All comments received will be posted 
without change; the Commission does not edit personal identifying 
information from submissions. You should submit only information that 
you wish to make available publicly. All submissions should refer to 
File No. SR-NYSEArca-2010-06 and should be submitted on or before March 
3, 2010.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(12).
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Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-2953 Filed 2-9-10; 8:45 am]
BILLING CODE 8011-01-P