National Stock Exchange

The Exchange proposes to amend Rule 11.24(k) regarding routing of orders under the National Market System Plan established pursuant to Rule 608 of the Exchange Act, to address extraordinary market volatility,  also known as Limit Up/Limit Down. 

The Exchange proposes to amend its Fee Schedule to provide ETP Holders the choice between two pricing options which can be applied to their use of the Exchange’s Order Delivery Mode.

The Exchange is proposing to amend Exchange Rules 11.11, 11.14, and 11.15 to provide Users with the ability to instruct the Exchange not to execute a Zero Display Reserve Order during a locked market.

The Exchange proposes to amend its Rules to comply with the National Market System Plan, also known as Limit Up/Limit Down, established pursuant to Rule 608 of the Exchange Act, to address extraordinary market volatility.

The Exchange proposes to amend Section I of its Fee Schedule to charge ETP Holders $0.0020 per share when using a Midpoint-Seeker Order in the Exchange’s Auto-Ex Mode to remove liquidity in a security that is priced at or above
$1.00.

The Exchange is proposing to amend: (1) NSX Rule 11.3(c) to clarify how the NSX System may execute certain types
of undisplayed orders that are pegged to the midpoint between the Protected BBO in subpennies; and (2) NSX Rule 11.11(c), entitled “Orders and Modifiers” to adopt a new order type called a Midpoint-Seeker Order.

The Exchange proposes to extend the effectiveness of the Exchange’s current rule applicable to Clearly Erroneous Executions and to adopt new paragraph (j) to Rule 11.19 in connection with the upcoming operation of the Limit Up-Limit Down Plan.

The Exchange proposes to amend NSX Rule 11.20B, which provides for trading pauses in individual securities, to extend the effective date of the pilot from the scheduled expiration of February 4, 2013, until the earlier of the initial date of operations of the Regulation NMS Plan to Address Extraordinary Market Volatility or February 4, 2014.

The Exchange, Inc. proposes to delay the operative date of a rule change to Exchange Rule 11.20A, which provides for methodology for determining when to halt trading in all stocks due to extraordinary market volatility, from the date of February 4, 2013, until April 8, 2013.

February 1, 2013

The Exchange is proposing to amend its Fee and Rebate Schedule issued pursuant to Exchange Rule 16.1(a) to: (1) make a clarifying change to Section I; and (2) amend Section III to provide a rebate of $0.0013 per share to Equity Trading Permit Holders for Double Play Orders that are executed at or above $1.00 on an away Trading Center.

Order Granting Approval of Proposed Rule Change to Adopt a New Order Type Called the “Auto-Ex Only” Order and Add
New Definitions Regarding Automatic Execution Mode and Automatic Execution Orders. 

The Exchange is proposing to: define the term “Clearing Member” under Exchange Rule 1.5; and adopt Exchange Rule 16.4 to allow Equity Trading Permit Holders to pay their Exchange and vendor invoices for Exchange-related services through the Exchange’s integrated billing system.

Amendment No. 1

Approval Order

The SEC approved amendments to NSX Rule 15.5 to incorporate additional listing standard requirements applicable to issuers of equity securities listed on the Exchange as required by the provisions of Section 952 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.