Letters

SEC File No SR-PHLX-2013-05

Summary

SIFMA provides comments on the proposed rule change filed by PHLX with the SEC. PHLX has filed a proposed rule change to amend Rule 1092, Obvious and Catastrophic Errors. Specifically, PHLX proposes to amend Rule 1092(f)(ii) to permit the nullification of trades involving catastrophic errors in certain situations.

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