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1
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SEC COMMISSION OPINION
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EXTRACTED KEY WORDS
PLAN COMMISSION REVIEW NATIONAL MARKET SYSTEM DIAMONDS SECURITIES DISCRETION STOCK EXCHANGE CONSOLIDATED TAPE ASSOCIATION TRANSACTIONS REVENUE TRANSACTION INFORMATION CTA PLAN SALE APPEALS AMERICAN STOCK EXCHANGE COMMISSION DECLINES REVENUE-SHARING PROVISIONS CALCULATION DERIVATIVE PRODUCT UNLISTED TRADING PRIVILEGES DOW JONES AMENDMENTS TRADE DIAMONDS PARTICIPANT CONNECTION CSE AUTHORITY WASHINGTON |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
SECURITIES EXCHANGE ACT OF 1934
Rel. No. 42312 / January 4, 2000
Admin. Proc. File No. 3-9756
In the Matter of the Application of
THE AMERICAN STOCK EXCHANGE, INC.
OPINION OF THE COMMISSION
CONSOLIDATED TAPE ASSOCIATION -- REVIEW OF NATIONAL MARKET SYSTEM PLAN
ACTION PURSUANT TO RULE 11Aa3-2(e) UNDER THE SECURITIES EXCHANGE ACT
Jurisdiction to Review Action of Plan
Consolidated Tape Association voted to exclude from the calculation of
petitioner's annual share, under the revenue-sharing provisions of the
Association's national market system plan, revenue generated from the
sale of transaction information in a derivative product known as
Diamonds. Held, the Commission declines to exercise its discretion to
review this action under Rule 11Aa3-2(e) of the Securities Exchange
Act of 1934, and application for review is dismissed.
APPEARANCES
Stuart I. Friedman, Friedman, Wittenstein & Hochman, for the American
Stock Exchange, Inc.
Thomas E. Haley, for the Consolidated Tape Association.
George W. Mann, Jr., for the Boston Stock Exchange, Inc.
Michael P. Roundtree, for the Pacific Exchange, Inc.
Appeal filed September 11, 1998
Last brief received June 7, 1999
I.
The American Stock Exchange, Inc. ("Amex") seeks review pursuant to
Rule 11Aa3-2(e) under the Securities Exchange Act of 1934 of action
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