99-1582. Applications of the Cantor Financial Futures Exchange, Inc. for Designation as a Contract Market in Flexible Coupon U.S. Treasury Bond and 10-Year, 5-Year and 2-Year U.S. Treasury Note Futures

[Federal Register Volume 64, Number 15 (Monday, January 25, 1999)]
[Notices]
[Page 3685]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-1582]


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COMMODITY FUTURES TRADING COMMISSION


Applications of the Cantor Financial Futures Exchange, Inc. for 
Designation as a Contract Market in Flexible Coupon U.S. Treasury Bond 
and 10-Year, 5-Year and 2-Year U.S. Treasury Note Futures

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of availability of proposed terms and conditions for 
applications for contract market designation.

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SUMMARY: The Cantor Financial Futures Exchange, Inc. (CFFE or Exchange) 
has applied for designation as a contract market in flexible coupon 
U.S. Treasury bond and flexible coupon 10-year, 5-year and 2-year U.S. 
Treasury note futures. The proposals were submitted under the 
Commission's 45-day Fast Track procedures. The Acting Director of the 
Division of Economic Analysis (Division) of the Commission, acting 
pursuant to the authority delegated by Commission Regulation 140.96, 
has determined that publication of the proposals for comment is in the 
public interest, will assist the Commission in considering the views of 
interested persons, and is consistent with the purpose of the Commodity 
Exchange Act.

DATES: Comments must be received on or before February 9, 1999.

ADDRESSES: Interested persons should submit their views and comments to 
Jean A. Webb, Secretary, Commodity Futures Trading Commission, Three 
Lafayette Centre, 1155 21st Street, NW Washington, DC 20581. In 
addition, comments may be sent by facsimile transmission to facsimile 
number [phone], or by electronic mail to secretary @cftc.gov. 
Reference should be made to the CFFE flexible coupon U.S. Treasury bond 
and 10-year, 5-year and 2-year U.S. treasury note futures contracts.

FOR FURTHER INFORMATION CONTACT: Please contact Thomas Leahy of the 
Division of Economic Analysis, Commodity Futures Trading Commission, 
Three Lafayette Centre, 21st Street NW, Washington, DC 20581, telephone 
[phone]. Facsimile number: [phone]. Electronic mail: 
[e-mail].

SUPPLEMENTARY INFORMATION: The proposed designation applications were 
submitted pursuant to the Commission's Fast Track procedures for 
streamlining the review of futures contract rule amendments and new 
contract approvals (62 FR 10434). Under those procedures, the 
proposals, absent any contrary action by the Commission, may be deemed 
approved at the close of business on March 1, 1999, 45 days after 
receipt of the proposals. In view of the limited review period provided 
under the Fast Track procedures, the Commission has determined to 
publish for public comment notice of the availability of the terms and 
conditions for 15 days, rather than 30 days as provided for proposals 
submitted under the regular review procedures.
    Copies of the proposed terms and conditions will be available for 
inspection at the Office of the Secretariat, Commodity Futures Trading 
Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC 
20581. Copies can be obtained through the Office of the Secretariat by 
mail at the above address, by phone at [phone], or via the 
internet on the CFTC website at 222.cftc.gov under ``What's New & 
Pending''.
    Other materials submitted by the CFFE in support of the proposals 
may be available upon request pursuant to the Freedom of Information 
Act (5 U.S.C. 552) and the Commission's regulations thereunder (17 CFR 
part 145 (1997)), except to the extent they are entitled to 
confidential treatment as set forth in 17 CFR 145.5 and 145.9. Requests 
for copies of such materials should be made to the FOI, Privacy and 
Sunshine Act Compliance Staff of the Office of Secretariat at the 
Commission's headquarters in accordance with 17 CFR 145.7 and 145.8.
    Any person interested in submitting written data, views, or 
arguments on the proposals, or with respect to other materials 
submitted by the CFFE, should send other comments to Jean A. Webb, 
Secretary, Commodity Futures Trading Commission, Three Lafayette 
Centre, 1155 21st Street NW, Washington, DC 20581 by the specified 
date.

    Issued in Washington, DC, on January 19, 1999.
John R. Mielke,
Acting Director.
[FR Doc. 99-1582 Filed 1-22-99; 8:45 am]
BILLING CODE 6351-01-M