98-5595. Coffee, Sugar & Cocoa Exchange, Inc. Amendment to a Petition for Exemption From the Dual Trading Prohibition in Affected Contract Markets

[Federal Register Volume 63, Number 42 (Wednesday, March 4, 1998)]
[Notices]
[Pages 10596-10597]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-5595]


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COMMODITY FUTURES TRADING COMMISSION


Coffee, Sugar & Cocoa Exchange, Inc. Amendment to a Petition for 
Exemption From the Dual Trading Prohibition in Affected Contract 
Markets

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of amendment to a petition for exemption from the 
prohibition on dual trading in an affected contract market.

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SUMMARY: Coffee, Sugar & Cocoa Exchange, Inc. (``CSCE'' or 
``Exchange'') has submitted to the Commodity Futures Trading Commission 
(``Commission'') an additional update of its October 19, 1993 petition 
for exemption from the prohibition against dual trading in two contract 
markets. The amendment requests an exemption for a newly affected 
contract market. Copies of the entire file, including any future 
submissions, will be available to the public upon request, except to 
the extent the Exchange has requested confidential treatment.

ADDRESSES: Copies of the file are available from the Office of the 
Secretariat, Commodity Futures Trading Commission, Three Lafayette 
Centre, 1155 21st Street, NW, Washington, DC 20581. Reference should be 
made to the CSCE dual trading exemption petition file.

FOR FURTHER INFORMATION CONTACT: Duane C. Andresen, Special Counsel, or 
Adam E. Wernow, Staff Attorney, Division of Trading and Markets, 
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st 
Street, NW, Washington, DC 20581; telephone: [phone].

SUPPLEMENTARY INFORMATION: Pursuant to Sections 4j(a)(1) and (3) of the 
Commodity Exchange Act (``Act'') and Commission Regulation 155.5 
thereunder, a board of trade may submit a petition to the Commission to 
exempt any of its affected contract markets (markets with an average 
daily trading volume equal to or in excess of 8,000 contracts for four 
consecutive quarters) from the prohibition against dual trading. 
Regulation 155.5(d)(6) authorizes the Director of the Division of 
Trading and Markets, or a designee of the Director, to publish notice 
of each exemption petition deemed complete under Regulation 155.5(d) 
and to make the petition available to the public as required by Section 
4j(a)(5) of the Act.
    CSCE originally submitted a petition for a dual trading exemption 
on October 19, 1993, for its Sugar #11 and Coffee ``C'' futures 
contracts. On March 21, 1997, CSCE submitted an amended petition that 
updated the Exchange's original petition and requested a dual trading 
exemption for four additional affected contract markets: Cocoa futures 
and option contracts on the Sugar #11, Coffee ``C,'' and Cocoa futures. 
On July 8, 1997, the Commission issued an Opinion and Order granting a 
dual trading exemption to CSCE for its Sugar #11 futures contract, the 
only affected contract market as of that date. This Opinion and Order 
provided that if other CSCE contracts became affected contract markets 
after the date of the Order, the Commission may expand the Order in 
response to an updated petition that includes those contracts. Pursuant 
to that provision, CSCE submitted an amendment dated February 3, 1998, 
requesting an exemption from the dual trading prohibition for the Cocoa 
futures contract market.
    Copies of the file containing all these materials and any future 
submissions, except to the extent the Exchange has requested 
confidential treatment in accordance with 17 CFR 145.9, are available 
for inspection at the Commission's Office of the Secretariat, Three 
Lafayette Centre, 1155 21st Street, NW, Washington, DC 20581, and may 
be obtained by mail at that address or by telephone at [phone].
    Petition materials subject to CSCE's request for confidential 
treatment may be available upon request pursuant to the Freedom of 
Information Act (``FOIA'') (5 U.S.C. Sec. 552) and the Commission's 
regulations thereunder (17 CFR Part 145), 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 FOIA, 
Privacy and Sunshine Act Compliance Staff of the Office of the 
Secretariat at the above address in accordance with 17 CFR 145.7 and 
145.8.
    CSCE timely submitted its amended petition before February 5, 1998, 
the effective date of the dual trading prohibition in the newly 
affected contract market. Therefore, application of the prohibition in 
the contract market

[[Page 10597]]

covered by the petition amendment has been suspended in accordance with 
Commission Regulation 155.5(d)(5) and will remain suspended until the 
petition is acted upon.

    Issued in Washington, DC, on February 26, 1998.
Alan L. Seifert,
Deputy Director, Division of Trading and Markets.
[FR Doc. 98-5595 Filed 3-3-98; 8:45 am]
BILLING CODE 6351-01-P