Christian Louboutin Statutory Basis

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(3) an assessment of the impact of the STO Program on the capacity of the Exchange, OPRA, and market Chri stian Louboutin Claudia Ankle-Strap Sandals pink vendors (to the extent data from market data vendors is available); (4) any capacity problems or other problems that arose during the operation of the STO Program and how the Exchange addressed such problems; (5) any complaints that the Exchange received during the operation of the STO Program and how the Exchange addressed them; and (6) any additional information that Chr istian Louboutin Claudia Ankle-Strap Sandals TAUPE assist in assessing the operation of the STO Program. END FOOTNOTE

2. Statutory Basis

Approval of the rule change proposed in this submission is consistent with Section 6(b) of the Act /17/ in general, and furthers the objectives of Section 6(b)(5) of the Act /18/ in particular in that it is designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, to foster Christian Louboutin colorful flower sandals and coordination with persons engaged in facilitating transactions in securities, and to remove impediments to and perfect the mechanisms of a free and open market and a national market system, by establishing a Short Term Option Program that will provide investors with a flexible and valuable tool to manage risk exposure, minimize capital outlays, and be more Christian Louboutin Cork Platform Pump Red to the timing of events affecting the securities that underlie option contracts.

FOOTNOTE 17 15 U.S.C. 78f(b). END FOOTNOTE

FOOTNOTE 18 15 U.S.C. 78f(b)(5).

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