On August 14th, the SEC instituted disapproval proceedings regarding The NASDAQ Stock Market's proposal to offer Benchmark Orders that would seek to achieve the performance of a specified benchmark (Volume Weighted Average Price, Time Weighted Average Price, or Percent of Volume) over a specified period of time for a specified security. The entering party would specify the benchmark, period of time, and security, as well as the other order information common to all order types, such as buy/sell side, shares and price. Comments should be submitted within 45 days after publication in the Federal Register, which is expected during the week of August 20. Rebuttal comments should be submitted 60 days after publication. SEC Release No. 34-67655.