[Federal Register Volume 77, Number 163 (Wednesday, August 22, 2012)]
[Notices]
[Page 50740]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-20592]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-67676; File No. SR-EDGX-2012-25]


 Self-Regulatory Organizations; EDGX Exchange, Inc.; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change To Amend EDGX Rules To Add the Route Peg Order

August 16, 2012.
    On June 26, 2012, EDGX Exchange, Inc. (``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 amend Exchange 
Rule 11.5 to provide an additional order type, the Route Peg Order. In 
addition, the Exchange proposed to amend Exchange Rule 11.8 to describe 
the priority of the Route Peg Order relative to other orders on the 
EDGX Book. The proposed rule change was published for comment in the 
Federal Register on July 5, 2012.\3\ The Commission received no comment 
letters on 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. 67290 (June 28, 
2012), 77 FR 39768.
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    Section 19(b)(2) of the Act \4\ provides that within 45 days of the 
publication of notice of the filing of a proposed rule change, or 
within such longer period up to 90 days as the Commission may designate 
if it finds such longer period to be appropriate and publishes its 
reasons for so finding or as to which the self-regulatory organization 
consents, the Commission shall either approve the proposed rule change, 
disapprove the proposed rule change, or institute proceedings to 
determine whether the proposed rule change should be disapproved. The 
45th day for this filing is August 19, 2012. The Commission is 
extending this 45-day time period.
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    \4\ 15 U.S.C. 78s(b)(2).
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    The Commission finds it appropriate to designate a longer period 
within which to take action on the proposed rule change so that it has 
sufficient time to consider issues concerning the proposed rule change, 
which would offer a new order type, the Route Peg Order, on the 
Exchange.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates October 3, 2012 as the date by which the Commission 
should either approve or disapprove, or institute proceedings to 
determine whether to disapprove, the proposed rule change (File No. SR-
EDGX-2012-25).
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    \5\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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Elizabeth M. Murphy,
Secretary.
[FR Doc. 2012-20592 Filed 8-21-12; 8:45 am]
BILLING CODE 8011-01-P