Automated Matching Systems Exchange, LLC Files for Limited Volume Exemption from Registration as a National Securities Exchange
The SEC published a request from Automated Matching Systems Exchange, LLC ("AMSE") seeking a limited volume exemption from registering as a national securities exchange under Exchange Act Section 6. The SEC published the request in the Federal Register to solicit the views of any interested persons on AMSE's exemption request, even though publication of such a request is not required by the Exchange Act.
AMSE seeks to operate as a centralized market place for alternative trading systems ("ATS") without maintaining its own centralized order book. Instead, each of the ATS members would maintain their own electronic order book and report trades to AMSE at specified intervals.
Comments must be submitted by September 12, 2014.
See: 79 FR 44070.