NASDAQ PHLX Give Up Rule (SR-PHLX-2018-72)
Published on:
December 17, 2018
Submitted to:
SIFMA
Submitted by:
SEC
File Number:
File No. SR-Phlx-2018-72
Committee:
SIFMA provides comments to the Securities and Exchange Commission (SEC) on on NASDAQ OMX PHLX LLC (Phlx) Rulemaking in response to the Notice of Filing of Proposed Rule Change to Establish Rules Governing the Give Up of a Clearing Member by a Member Organization on Exchange Transactions (Release No. 34-84624; File No. SR-Phlx-2018-72)
SIFMA supports the Phlx proposal because it would reduce a significant source of risk for clearing firms.