[Federal Register Volume 64, Number 104 (Tuesday, June 1, 1999)]
[Notices]
[Page 29367]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-13710]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-41439; File No. 10-127]
International Securities Exchange LLC; Notice of Filing of
Application for Registration as a National Securities Exchange Under
Section 6 of the Securities Exchange Act of 1934
May 24, 1999.
The International Securities Exchange LLC (``ISE'') has submitted a
Form 1 application under the Securities Exchange Act of 1934
(``Exchange Act''), seeking registration as a national securities
exchange under Section 6 of the Exchange Act.\1\ A copy of the ISE'S
Form 1, including all exhibits, is available in the Commission's Public
Reference Room, File No. 10-127, and on the Commission's website at
http://www.sec.gov/rules/othrindx.htm. The Commission is publishing
notice of ISE's filing to afford interested persons an opportunity to
submit written comments. The Commission will take these comments into
consideration in making its determination about whether to grant ISE's
request to be registered as an exchange. The Commission shall grant
such registration if it finds that the requirements of the Exchange Act
and the rules and regulations thereunder are satisfied.\2\
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\1\ See Letter to Michael Walinskas, Deputy Associate Director,
Division of Market Regulation, Commission, from David Krell,
President and CEO, ISE, dated February 1, 1999 (``ISE Form 1'').
\2\ Section 19(a)(1) of the exchange Act, 15 U.S.C. 78s(a)(1).
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ISE's Form 1 provides detailed information about ISE and how it
proposes to satisfy the requirement of the Exchange Act. In general,
ISE would become an exchange that operates an automated trading system
for standardized equity options. It would be an agency-auction market
similar to the exchange markets currently in operation, although the
auction would occur electronically, and not on a floor. ISE plans to
become a member-owner of, and clear it transactions through, The
Options Clearing Corporation (``OCC''). As a member-owner of OCC, the
options contracts traded on the ISE would be fully fungible with the
options of the same companies traded on the other options exchanges.
ISE also plans to join the Options Price Reporting Authority Plan,
which governs the dissemination of options quotes and last-sale
transaction prices.
Interested persons should submit three copies of their written
data, views and opinions to Jonathan G. Katz, Secretary, Securities and
Exchange and Commission, 450 Fifth Street, N.W., Washington, D.C.
20549-0609. Comments may also be submitted electronically at the
following e-mail address: rule-comments@sec.gov. Comments must be
received on or before July 16, 1999. All comment letters should refer
to File No. 10-127; this file number should be included on the subject
line if comments are submitted using e-mail. All submissions will be
available for public inspection and copying at the Commission's Public
Reference Room, Room 1024, 450 Fifth Street, N.W., Washington, D.C.
20549. Electronically submitted comment letters will be posted on the
Commission's Internet website (http://www.sec.gov).
For questions regarding this release, contact: Michael Walinskas,
Deputy Associate Director, at (202) 942-0187, Sheila Slevin, Assistant
Director, at (202) 942-0796, Christine Richardson, Attorney, at (202)
942-0748, or Joseph Morra, Attorney, at (202) 942-0781; Division of
Market Regulation, Securities and Exchange Commission, 450 Fifth
Street, N.W., Washington, D.C. 20549-1001.
By the Commission.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 99-13710 Filed 5-28-99; 8:45 am]
BILLING CODE 8010-01-M
