CBOE FUTURES EXCHANGE

February 15, 2006

Via Electronic Mail

Ms. Jean A. Webb

Secretary

Commodity Futures Trading Commission
Three Lafayette Centre

1155 21st Street, N.W.

Washington, D.C. 20581

Re: CBOE F
Subnussion }

Dear Ms. Webb:

Pursuant to Section Se(c)(1) of the Commodity Exchange Act, as amended ("Act"), and
§40.6(a) of the regulations promulgated by the Commodity Futures Trading Commission
("Commission") under the Act, CBOE Futures Exchange, LLC ("CFE" or "Exchange") hereby
submits a rule change to amend C! ules 1202(i), 1402(i), 1702(i), and 2102(i) to provide that
the Exchange will halt trading in CFE's Volatility Index, CBOE China Index, CBOE DJIA
Volatility Index, and CBOE PowerPacks Index futures contracts. respectively. whenever a
market-wide trading halt commonly known as a circuit breaker is in effect on the New York
Stock Exchange in response to extraordinary market conditions ("Amendment"). CFE notes that
this same provision is currently in effect for CFE’s Russell 1000 Index, Mini-Russell 1000 Index,
and Mini-Russell 2000 Index futures contracts ("Russell Contracts"). In addition, CFE is revising
the section title of CFE Rules 1202(i), 1402(i), 1702(i), and 2102(i) to be "Price Limits and
Circuit Breaker Halts". CFE will also change the title of the equivalent sections in the Russell
Contracts product specifications.

The Amendment will become effective on February 17, 2006.

CFE is not aware of any substantive opposing views to the Amendment. CFE hereby
certifies that the Amendment complies with the Act and the regulations thereunder.

The Amendment, marked to show additions in underlined text, consists of the following:

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Rule 1202. CBOE Volatility Index Futures Contract Specifications

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(i) Price Limits and Circuit Breaker Halts. Pursuant to Rule 413, VIX futures contracts are
not subject to price limits.

400 South LaSalle Street Chicago, IMlinois 60605-1023 www.cboe.com/cfe



Ms. Jean A. Webb
Page 2 of 3

Trading in VIX futures contracts shall be halted whenever a market-wide trading halt
commonly known as a circuit breaker is in effect on the New York Stock Exchange in response to
extraordinary market conditions.

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Rule 1402. CBOE China Index Futures Contract Specifications

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(i) Price Limits and Circuit Breaker Halts, Pursuant to Rule 413, CBOE China Index
futures contracts are not subject to price limits.

Trading in CBOE China Index futures contracts shall be halted whenever a market-wide
trading halt commonly known as a circuit breaker is in effect on the New York Stock Exchange
in response to extraordinary market conditions.

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Rule 1702. CBOE DJIA Volatility Index Futures Contract Specifications

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@ Price Limits and Circuit Breaker Halts. Pursuant to Rule 413, VXD futures contracts are
not subject to price limits.

Trading in VXD futures contracts shal] be halted whenever a market-wide trading halt
commonly known as a circuit breaker is in effect on the New York Stock Exchange in response to

extraordinary market conditions.

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Rule 2102. CBOE PowerPacks Index Futures Contract Specifications

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(i) Price Limits and Circuit Breaker Halts. Pursuant to Rule 413, PowerPacks Index Futures
are not subject to price limits.

Trading in PowerPacks Index Futures shall be halted whenever a market-wide trading
halt commonly known as _a circuit breaker is in effect on the New York Stock Exchange in
response to extraordinary market conditions.

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Ms. Jean A. Webb
Page 3 of 3

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Questions regarding this submission may be directed to David Doherty at (312) 786-
7466. Please reference our submission number CFE-2006-02 in any related correspondence.

CBOE Futures Exchange, LLC

By: Kdinonrd >) a3

Edward J. Joyce
President

ce: Thomas Leahy
Mark Baumgardner (OCC)