NYSE Arca, Inc. has proposed to amend its option trading rules to (i) extend the Penny Pilot in options classes in certain issues (Pilot Program) previously approved by the Securities and Exchange Commission through December 31, 2010; (ii) provide for additional classes to quote and trade all contracts in one-cent increments; and (iii) expand the number of issues included in the Pilot Program.  

NYSE Arca also proposes to (i) expand the number of issues included in the Pilot Program to add the top 300 most actively traded multiply listed option classes that are not yet included in the Pilot Program; (ii) phase in the additional classes to the Pilot Program over four successive quarters; (iii) designate two Pilot Program issues as eligible to quote and trade all options contracts in one-cent increments, regardless of premium value; and (iv) allow for any Pilot Program issues that have been delisted to be replaced on a semi-annual basis by the next most actively traded multiply listed options classes that are not yet included in the Pilot Program. NYSE Arca has agreed to submit semi-annual reports to the SEC that will include sample data and analysis of information collected from April 1 through September 30, and from October 1 through March 31, for each year, for the 10 most active and 20 least active options classes added to the Pilot Program.  

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