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[Federal Register: April 10, 1998 (Volume 63, Number 69)]
[Notices]
[Page 17823]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr10ap98-46]

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COMMODITY FUTURES TRADING COMMISSION


Application of Cantor Financial Futures Exchange, Inc., as a
Contract Market in US Treasury Bond, Ten-Year Note, Five-Year Note, and
Two-Year Note Futures Contracts

AGENCY: Commodity Futures Trading Commission.

ACTION: Extension of comment period on notice of application of Cantor
Financial Futures Exchange, Inc., for initial designation as a contract
market.

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DATES: Comments must be received on or before April 27, 1998.

FOR FURTHER INFORMATION CONTACT: With respect to questions about the
terms and conditions of the proposed futures contracts, please contact
Thomas M. Leahy of the Division of Economic Analysis, Commodity Futures
Trading Commission, at Three Lafayette Centre, 21st Street NW,
Washington, DC 20581; Telephone: (202) 418-5278; Facsimile number:
(202) 418-5527; or Electronic mail: [email protected]. With respect to
questions about the trading rules and rules of government, please
contact Adam E. Wernow, Division of Trading and Markets, at the same
address; Telephone: (202) 418-5042; Facsimile number: (202) 418-5536;
or Electronic mail: [email protected].

SUPPLEMENTARY INFORMATION: Cantor Financial Futures Exchange, Inc.
("CFFE") has applied for designation as a contract market for the
computer-based trading of US Treasury bond, ten-year note, five-year
note, and two-year note futures contracts. CFFE has not previously been
approved by the Commission as a contract market in any commodity, thus,
in addition to the terms and conditions of the proposed futures and
options contracts, CFFE has also submitted proposed trading rules,
rules of government, and other materials to meet the requirements for a
board of trade seeking initial designation as a contract market. Notice
of CFFE's application was initially published under delegated authority
for public comment on February 3, 1998 (63 FR 5505), for a 60-day
comment period ending April 6, 1998. Acting pursuant to the authority
delegated by Commission Regulation 140.96, the Division of Trading and
Markets and the Division of Economic Analysis ("Division") have
determined to extend until April 27, 1998 the deadline for comments on
the notice of application of CFFE to be designated as first-time
contract market. The Divisions believe that extension of the deadline
for comment is in the public interest, will assist the Commission in
considering the views of interested persons, and is consistent with the
purposes of the Commodity Exchange Act. The Divisions seek comment
regarding all aspects of CFFE's application and addressing any issues
commenters believe the Commission should consider. Any request for a
further extension of the public comment period will be looked upon with
disfavor.
    Any person interested in submitting written data, views, or
arguments on the proposal to designate CFFE should submit their views
and comments by the specified date to Jean A. Webb, Secretary,
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st
Street, NW, Washington, DC 20581. In addition, comments may be sent by
facsimile transmission to facsimile number (202) 418-5521, or by
electronic mail to [email protected]. Reference should be made to the
CFFE application for designation as a computer-based contract market
for US Treasury bond, ten-year note, five-year note, and two-year note
futures contracts. Copies of the proposed terms and conditions,
Exchange rules, compliance procedures, clearing and settlement
description, and other related materials are available for inspection
at the Office of the Secretariat at the above address. Copies also may
be obtained through the Office of the Secretariat at the above address
or by telephoning (202) 418-5100. Some materials may be subject to
confidential treatment pursuant to 17 CFR 145.5 or 145.9. Requests or
copies of such materials should be made to the FOI, Privacy and
Sunshine Act Compliance Staff of the Office of the Secretariat at the
Commission headquarters in accordance with 17 CFR 145.7 and 145.8.

    Issued in Washington, D.C., on April 6, 1998.
Steven Manaster,
Director, Division of Economic Analysis.
[FR Doc. 98-9480 Filed 4-9-98; 8:45 am]
BILLING CODE 6351-01-M
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