[Federal Register: February 20, 1997 (Volume 62, Number 34)]
[Notices]
[Page 7754-7755]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
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COMMODITY FUTURES TRADING COMMISSION
Chicago Board of Trade Update of Petition for Exemption From the
Dual Trading Prohibition in Affected Contract Markets
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice of update of petition for exemption from the prohibition
on dual trading in affected contract markets.
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SUMMARY: Chicago Board of Trade (``CBT'' or ``Exchange'') has submitted
an update of its October 25, 1993 petition for exemption from the
prohibition against dual trading in thirteen contract markets. The
Exchange had re-submitted a corrected petition on December 2, 1993 and
also submitted March 25, 1994, May 13, 1994 and August 2, 1994
supplements to add three more affected markets. Upon CBT's request, the
Commission informed the Exchange that it could submit updated audit
trail data by March 31, 1997. 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, 1155 21st Street,
NW, Washington, DC 20581. Reference should be made to the CBT dual
trading exemption petition file.
FOR FURTHER INFORMATION CONTACT:
Rachel Berdansky, Staff Attorney, or Andrew Baer, Staff Attorney,
Division of Trading and Markets, Commodity Futures Trading Commission,
1155 21st Street, NW, Washington, DC 20581; telephone: (202) 418-5490.
SUPPLEMENTARY INFORMATION: Pursuant to Section 4j(a)(3) of the
Commodity Exchange Act and Regulation 155.5 thereunder, a board of
trade may submit a petition to the Commodity Futures Trading Commission
(``Commission'') to exempt any of its affected contract markets
(markets with an average daily volume of over 8,000 contracts traded
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 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.
CBT originally submitted a petition for dual trading exemption on
October 25, 1993. After the Commission requested additional
information, the Exchange submitted a corrected petition on December 2,
1993. That petition was made available to the public by a notice of
availability published in the Federal Register on December 22, 1993.
Thereafter, the Exchange submitted March 25, 1994 and May 13, 1994
supplements plus an August 2, 1994 report.
Pursuant to a request from the Commission, CBT submitted a dual
trading exemption petition update dated January 17, 1997 for its
contract markets in wheat, corn, soybeans, soybean meal, soybean oil,
U.S. Treasury Bonds, 10-Year Treasury Notes, and 5-Year Treasury Notes
futures contracts and its options on soybeans, corn, U.S. Treasury Bond
futures, 5-Year Treasury Notes and 10-Year Treasury Notes futures
contracts. Upon CBT's request, the Commission informed the Exchange
that it could submit updated audit trail data by March 31, 1997.
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, 1155 21st
Street, NW, Washington, DC
[[Page 7755]]
20581, and may be obtained by mail at that address or by telephone at
(202) 418-5100.
Petition materials subject to CBT's request for confidential
treatment may be available upon request pursuant to the Freedom of
Information Act (5 U.S.C. 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 FOI, 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.
The CBT timely submitted its original petition before October 26,
1993, the effective date of the dual trading prohibition. Therefore,
application of the prohibition against the contract markets covered by
the petition 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 12, 1997.
Jean A. Webb,
Secretary.
[FR Doc. 97-4165 Filed 2-19-97; 8:45 am]
BILLING CODE 6351-01-M
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