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[Federal Register: May 12, 2010 (Volume 75, Number 91)]
[Notices]               
[Page 26738-26739]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr12my10-36]                         

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COMMODITY FUTURES TRADING COMMISSION

 
Sunshine Act Meeting Notice

Agency Holding the Meeting: Commodity Futures Trading Commission.

Date and Time: May 19, 2010 at 9:30 a.m.

Place: Three Lafayette Centre, 1155 21st St., NW., Washington, DC, 
Lobby Level Hearing Room (Room 1000).

Status: Open.

Matters to be Considered: Agenda: (1) Consideration of the trading of 
futures and binary options based on motion picture box office receipts 
and to gather the views of interested parties; and (2) Reestablishment 
of the CFTC Technology Advisory Committee.

Contact Person: Sauntia Warfield, Assistant Secretary, 202-518-5084.

SUPPLEMENTARY INFORMATION: The Commission is undertaking a review of 
issues related to the trading of futures or options related to motion 
picture box office receipts. The Commission will have oral 
presentations by panels of invited witnesses representing Media 
Derivatives Exchange (MDEX), Cantor Exchange (Cantor), segments of the 
motion picture industry, and other interested parties.

[[Page 26739]]

    The hearing will generally focus on a number of issues, including: 
whether box office receipts contracts are readily susceptible to 
manipulation; whether the box office data used to settle the contracts 
are acceptable and reliable; whether the Media Derivatives Exchange, 
Inc. (``MDEX'') Takers opening weekend motion picture revenues collared 
futures and binary option contracts, and the Cantor Exchange 
(``Cantor'') The Expendables domestic box office receipt futures 
contract could be used for risk management purposes; whether safeguards 
adopted by MDEX and Cantor are appropriate; and whether those 
safeguards would have an adverse effect on entities that might 
otherwise be able to use the contracts for risk management.
    Written comments may be submitted until May 26, 2010. Written 
materials should be mailed to the Commodity Futures Trading Commission, 
Three Lafayette Centre, 1155 21st Street, NW., Washington, DC, 20581, 
attention Office of the Secretariat; transmitted by facsimile at 202-
418-5521; or transmitted electronically to 
[boxofficereceipts@cftc.gov]. Reference should be made to ``Box Office 
Receipts.'' All comments received and a copy of the transcript of the 
hearing will be entered into the Commission's public files in the 
matters related to MDEX's Takers opening weekend motion picture 
revenues collared futures and binary option contracts and Cantor's The 
Expendables domestic box office receipt futures contract.
    The Commission will also consider reestablishing its CFTC 
Technology Advisory Committee. The purpose of the CFTC Technology 
Advisory Committee would be to conduct public meetings, to submit 
reports and recommendations to the Commission, and to otherwise assist 
the Commission in identifying and understanding how new developments in 
technology are being applied and utilized in the industry, and their 
impact on the operation of the markets. The committee would allow the 
Commission to be an active participant in market innovation, explore 
the appropriate investment in technology, and advise the Commission on 
the need for strategies to implement rules and regulations to support 
the Commission's mission of ensuring the integrity of the markets.

    Issued in Washington, DC, on May 7, 2010.
David A. Stawick,
Secretary of the Commission.
[FR Doc. 2010-11395 Filed 5-10-10; 11:15 am]
BILLING CODE 6351-01-P
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