98-9480. Application of Cantor Financial Futures Exchange, Inc., as a Contract Market in US Treasury Bond, Ten-Year Note, Five-Year Note, and Two-Year Note Futures Contracts

[Federal Register Volume 63, Number 69 (Friday, April 10, 1998)]
[Notices]
[Page 17823]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-9480]


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COMMODITY FUTURES TRADING COMMISSION


Application of Cantor Financial Futures Exchange, Inc., as a 
Contract Market in US Treasury Bond, Ten-Year Note, Five-Year Note, and 
Two-Year Note Futures Contracts

AGENCY: Commodity Futures Trading Commission.

ACTION: Extension of comment period on notice of application of Cantor 
Financial Futures Exchange, Inc., for initial designation as a contract 
market.

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DATES: Comments must be received on or before April 27, 1998.

FOR FURTHER INFORMATION CONTACT: With respect to questions about the 
terms and conditions of the proposed futures contracts, please contact 
Thomas M. Leahy of the Division of Economic Analysis, Commodity Futures 
Trading Commission, at Three Lafayette Centre, 21st Street NW, 
Washington, DC 20581; Telephone: [phone]; Facsimile number: 
[phone]; or Electronic mail: [e-mail]. With respect to 
questions about the trading rules and rules of government, please 
contact Adam E. Wernow, Division of Trading and Markets, at the same 
address; Telephone: [phone]; Facsimile number: [phone]; 
or Electronic mail: [e-mail].

SUPPLEMENTARY INFORMATION: Cantor Financial Futures Exchange, Inc. 
(``CFFE'') has applied for designation as a contract market for the 
computer-based trading of US Treasury bond, ten-year note, five-year 
note, and two-year note futures contracts. CFFE has not previously been 
approved by the Commission as a contract market in any commodity, thus, 
in addition to the terms and conditions of the proposed futures and 
options contracts, CFFE has also submitted proposed trading rules, 
rules of government, and other materials to meet the requirements for a 
board of trade seeking initial designation as a contract market. Notice 
of CFFE's application was initially published under delegated authority 
for public comment on February 3, 1998 (63 FR 5505), for a 60-day 
comment period ending April 6, 1998. Acting pursuant to the authority 
delegated by Commission Regulation 140.96, the Division of Trading and 
Markets and the Division of Economic Analysis (``Division'') have 
determined to extend until April 27, 1998 the deadline for comments on 
the notice of application of CFFE to be designated as first-time 
contract market. The Divisions believe that extension of the deadline 
for comment is in the public interest, will assist the Commission in 
considering the views of interested persons, and is consistent with the 
purposes of the Commodity Exchange Act. The Divisions seek comment 
regarding all aspects of CFFE's application and addressing any issues 
commenters believe the Commission should consider. Any request for a 
further extension of the public comment period will be looked upon with 
disfavor.
    Any person interested in submitting written data, views, or 
arguments on the proposal to designate CFFE should submit their views 
and comments by the specified date 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 [e-mail]. Reference should be made to the 
CFFE application for designation as a computer-based contract market 
for US Treasury bond, ten-year note, five-year note, and two-year note 
futures contracts. Copies of the proposed terms and conditions, 
Exchange rules, compliance procedures, clearing and settlement 
description, and other related materials are available for inspection 
at the Office of the Secretariat at the above address. Copies also may 
be obtained through the Office of the Secretariat at the above address 
or by telephoning [phone]. Some materials may be subject to 
confidential treatment pursuant to 17 CFR 145.5 or 145.9. Requests or 
copies of such materials should be made to the FOI, Privacy and 
Sunshine Act Compliance Staff of the Office of the Secretariat at the 
Commission headquarters in accordance with 17 CFR 145.7 and 145.8.

    Issued in Washington, D.C., on April 6, 1998.
Steven Manaster,
Director, Division of Economic Analysis.
[FR Doc. 98-9480 Filed 4-9-98; 8:45 am]
BILLING CODE 6351-01-M