[Federal Register Volume 89, Number 158 (Thursday, August 15, 2024)]
[Notices]
[Pages 66477-66478]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-18197]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-100690; File No. SR-CboeBYX-2024-004]


Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of 
Withdrawal of a Proposed Rule Change To Amend the Definition of Retail 
Order, and Codify Interpretations and Policies Regarding Permissible 
Uses of Algorithms by RMOs

August 9, 2024.
    On January 25, 2024, Cboe BYX 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 the definition of Retail Order,\3\ and codify interpretations and 
policies regarding permissible uses of algorithms by Retail Member 
Organizations.\4\ The proposed rule change was published for comment in 
the Federal Register on February 13, 2024.\5\ On March 21, 2024, 
pursuant to Section 19(b)(2) of the Act,\6\ the Commission designated a 
longer period within which to approve the proposed rule change, 
disapprove the proposed rule change, or institute proceedings to 
determine whether to disapprove the proposed rule change.\7\ On May 13, 
2024, the Commission instituted proceedings under Section 19(b)(2)(B) 
of the Act \8\ to determine whether to approve or disapprove the 
proposed rule change.\9\ On July 10, 2024, the Exchange submitted 
Amendment No. 1 to the proposed rule change, which replaced and 
superseded the proposed rule change as originally filed. On July 17, 
2024, the Exchange withdrew Amendment No. 1. On August 7, 2024, the 
Exchange withdrew the proposed rule change (SR-CboeBYX-2024-004).
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ The term ``Retail Order'' is defined in Exchange Rule 
11.24(a)(2).
    \4\ The term ``Retail Member Organization'' (or ``RMO'') is 
defined in Exchange Rule 11.24(a)(1) to mean a member of the 
Exchange (or a division thereof) that has been approved by the 
Exchange under Exchange Rule 11.24 to submit Retail Orders.
    \5\ See Securities Exchange Act Release No. 99489 (February 7, 
2024), 89 FR 10138 (``Notice''). The Commission has not received any 
comments on the proposed rule change.
    \6\ 15 U.S.C. 78s(b)(2).
    \7\ See Securities Exchange Act Release No. 99819, 89 FR 21294 
(March 27, 2024).
    \8\ 15 U.S.C. 78s(b)(2)(B).
    \9\ See Securities Exchange Act Release No. 100113 (May 13, 
2024), 89 FR 43488 (May 17, 2024).


[[Page 66478]]


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    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\10\
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    \10\ 17 CFR 200.30-3(a)(12).
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Vanessa A. Countryman,
Secretary.
[FR Doc. 2024-18197 Filed 8-14-24; 8:45 am]
BILLING CODE 8011-01-P