Release:                         #4261-99
For Release:                 May 4, 1999

CFTC's Global Markets Advisory Committee
to Meet on May 12, 1999

The Commodity Futures Trading Commission's (CFTC) Global Markets Advisory Committee (GMAC), chaired by CFTC Commissioner Barbara P. Holum, will hold a public meeting on Wednesday, May 12, 1999, from 1:00 to 5:00 p.m. The meeting will be held at the Commission's Washington, D.C. headquarters, in the first floor hearing room (Room 1000), Three Lafayette Centre, 1155 21^st Street, N.W., Washington, D.C. 20581.

The following topics will be discussed at the GMAC meeting:

• Proposal to withdraw the Commission's proposed rules governing access to automated boards of trade, lift the moratorium on consideration of no-action requests for placement of foreign terminals in the United States, and review requests for no-action relief on a case by case basis;

• Futures Industry Association's proposed rules governing access to automated boards of trade;

• Proposals for regulatory parity for trading on domestic and foreign electronic terminals.

The GMAC was created by the CFTC for the purpose of advising the Commission on issues concerning the competitiveness of U.S. markets and U.S. firms engaged in global business. The membership of the GMAC consists of 30 individuals representing industry professionals, futures exchanges and market users.

For further information or to file a written statement with GMAC, please contact Ms. De'Ana Dow at (202) 418-5070.