Pursuant to SR-PHLX-2015-80, the Exchange is permitted to operate FBMS 1 through March 2016. After March 31, 2016, FBMS 1 will be discontinued and FBMS 2 will be the sole Floor Broker Management System available on the Exchange. In the event of a malfunction in FBMS 2, Floor Brokers are advised to follow the steps outlined below.

Beginning Friday, April 1, 2016, pursuant to SR-PHLX-2013-09, and Rule 1000(f), all Exchange options transactions shall be executed:

(i) automatically by the Exchange Trading System pursuant to Rule 1080 and other applicable options rules;

(ii) by and among members in the Exchange's options trading crowd none of whom is a Floor Broker; or

(iii) through the Options Floor Broker Management System for trades involving at least one Floor Broker. Although Floor Brokers may represent orders in the trading crowd, Floor Brokers are not permitted to execute orders in the Exchange's options trading crowd, except as follows:

(A) The Exchange may determine to permit executions otherwise than in accordance with subparagraphs (i) - (iii) above respecting an option or all options in the event of a problem with Exchange systems.

(B) In addition, Floor Brokers can execute orders in the options trading crowd pursuant to Rule 1059, Accommodation Transactions (cabinet trades), and Rule 1079, FLEX Equity, Index and Currency Options.

(C) Multi-leg orders with more than 15 legs can be executed in the trading crowd

In the event of a malfunction of an FBMS 2 tablet the Floor Broker is advised to proceed as follows.

1. Utilize the FBMS 2 desktop application located in the trading crowd.
2. If both the desktop and tablet malfunction, the Floor Broker shall use paper tickets pursuant to Exchange Rule 1063(e).
3. When the tablet is no longer malfunctioning the Floor Broker shall resume the use the FBMS 2 tablet.

Pursuant to Exchange Rule 1063(e), in the event of a malfunction in the Options Floor Broker Management System, Floor Brokers shall record the required information on trade tickets, and shall not represent an order for execution which has not been time stamped with the time of entry on the trading floor. Such trade tickets shall be time stamped upon the execution of such an order. Floor Brokers or their employees shall enter the required information that is recorded on such trade tickets into the Exchange's electronic system for inclusion in the electronic audit trail.

Floor Brokers are reminded that FBMS 2 is available to them via individually assigned tablets, as well as through desktop computers located in each of the three trading crowd areas. Floor Brokers are advised to utilize the desktop computer FBMS 2 application if they experience a wireless network issue. In the event of a system malfunction Floor Brokers should advise Exchange Operations personnel of the malfunction. Upon resolution of a malfunction, the Floor Broker will be required to use FBMS 2.

Please contact U.S. Market Operations at +1 215 496 1571 with any questions.