Eliminating position and exercise limits in SPY options

In 2012, NYSE Amex Options was the first exchange to file for and receive approval to eliminate position and exercise limits for options overlying the SPDR S&P 500 ETF Trust (“SPY”).  The approval order can be found here.  (This elimination of position and exercise limits for SPY options was done on a pilot basis; the pilot was extended until December 15, 2014 as discussed in this filing.)  Subsequently, other exchanges and Self-Regulatory Organizations (“SROs”), the most recent of which is FINRA, have amended their rules governing position and exercise limits on SPY options.

Please see below for links to additional rule filings pertaining to the elimination of position limits in SPY Options:

BOX Options Exchange LLC - http://www.sec.gov/rules/sro/box/2013/34-70970.pdf

Chicago Board Options Exchange, Inc. - http://www.sec.gov/rules/sro/cboe/2013/34-70878.pdf

International Securities Exchange, LLC - http://www.sec.gov/rules/sro/ise/2013/34-70967.pdf

Miami International Securities Exchange, LLC - http://www.sec.gov/rules/sro/miax/2013/34-71014.pdf

NASDAQ OMX BX, Inc. - http://www.sec.gov/rules/sro/bx/2013/34-69179.pdf

NASDAQ OMX PHLX LLC - http://www.sec.gov/rules/sro/phlx/2013/34-70879.pdf

The NASDAQ Stock Market LLC - http://www.sec.gov/rules/sro/phlx/2013/34-70879.pdf

NYSE Arca, Inc. - http://www.sec.gov/rules/sro/nysearca/2013/34-70968.pdf

Financial Industry Regulatory Authority, Inc. - http://www.sec.gov/rules/sro/finra/2014/34-71231.pdf

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