The Security Traders Association (“STA”) welcomes the opportunity to comment on The Options Clearing Corporation (“OCC”) Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Reflect the Elimination of a Discount to OCC’s Clearing Fee Schedule, (“Filing”). The STA is an organization comprised of individuals who are involved in the trading of financial securities. Our members represent many of the business models in the financial services sector, including full and discount service broker dealers, agency only broker dealers, asset managers, exchanges and ATSs. Because of the diversity within our membership we are uniquely qualified to provide insight and comments on the Filing. The STA uses a Committee structure to vet issues amongst its various constituencies to create bottom-up consensus.

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