CFTC News Release 4348-99

For Release: December 9, 1999

CFTC APPROVES MONTREAL EXCHANGE'S FUTURES CONTRACT BASED ON THE S&P/TSE 60 STOCK INDEX FOR OFFER AND SALE IN THE UNITED STATES

WASHINGTON -- The Commodity Futures Trading Commission's Office of General Counsel today issued a no-action letter permitting the Montreal Exchange's futures contract based on the S&P/TSE 60 Stock Index to be offered or sold in the United States.

The S&P/TSE 60 Stock Index is a market capitalization-weighted index and includes the stocks of 60 constituent companies traded on the Toronto Stock Exchange.

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