Proposed Rule Change to Establish BATS Exchange

SIFMA provided comments and a petition for disapproval to the Securities and Exchange Commission (SEC) on a proposed rule change to establish a new market data product called BATS Exchange, Inc. SIFMA believes the BATS Exchange’s actions are inconsistent with the decisions of the U.S. Court of Appeals for the District of Columbia Circuit in NetCoalition v. SEC. SIFMA respectfully petitions the SEC to disapprove the proposed rule change.

Related Material 

Notice of Filing of Proposed Rule Change to Establish a New Market Data Product Called the BATS One Feed, Release No. 34–72688; File No. SR–BATS-2014-028; 79 Fed. Reg. 44941 (July 28, 2014).

SEC Rulemaking List and Details on the BATS Exchange