Release: #4078-97

For Release: November 12, 1997

CFTC'S FINANCIAL PRODUCTS ADVISORY COMMITTEE

TO MEET ON NOVEMBER 13, 1997

The Commodity Futures Trading Commission's Financial Products Advisory Committee (FPAC), chaired by CFTC Commissioner David D. Spears, will hold a public meeting on Thursday, November 13, 1997, from 1:00 to 4:00 p.m. The meeting of the CFTC's FPAC will be held at the Commission's Washington D.C. headquarters, at Three Lafayette Centre, 1155 21st Street N.W., in the Ground Level Hearing Room (Room 1000).

The Committee is interested in hearing from FPAC members on measures aimed at streamlining futures regulations. The agenda for the November 13, 1997, meeting includes a discussion of the following topics:

Futures-style margining of option premiums;

End-of-day order allocation for certain eligible participants;

Special execution procedures for futures and option orders for certain eligible participants; and

Investment of customer funds by firms and clearing organizations in marketable investments other than those already permitted by statute.

The FPAC was created by the CFTC for the purpose of advising the Commission on issues concerning financial products and markets regulated by the Commission. The membership of the FPAC consists of 27 individuals representing industry professionals, futures exchanges, academics and market users.

For further information about the FPAC meeting, contact Jennifer Roe at (202) 418-5040.

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