[Federal Register Volume 61, Number 193 (Thursday, October 3, 1996)]
[Notices]
[Page 51689]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-25516]


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COMMODITY FUTURES TRADING COMMISSION

Sunshine Act Meeting

    This is to give notice that the Chairperson of the Commodity 
Futures Trading Commission will conduct a roundtable discussion on 
Wednesday, October 16, 1996, from 1:00 to 6:00 p.m. in the auditorium 
of the Chicago-Kent College of Law, 565 West Adams Street, Chicago, 
Illinois 60661-3691. The agenda will consist of:

Exchange Order and Trade Automation Roundtable

I. Welcome and Opening Remarks by Roundtable Moderator, CFTC 
Chairperson Brooksley Born. 1:00-1:15 p.m.
    Explanation of Roundtable Format and Introduction of Discussants. 
Discussants will include a wide variety of individuals with vast 
experience related to financial markets.
    Brief Statements from Discussants on What They Think Most Pressing 
Technology Concern For the Industry Is.
II. Panel One: Exchange Technology Panel. 1:15-2:00 p.m.
    1. Introduction of Panel One Speakers.
    2. Topics for Discussion:
    a. Description of Order Routing and Order Delivery Systems 
Currently in use and Planned by Exchanges.
    b. Recent and Planned Actions to Facilitate use of Proprietary 
Order-Routing and Order-Entry Systems at the Exchanges.
    c. What is Working and What is Not?
    d. Practicability of Accelerating Improvements to Order-Routing 
Process.
    e. Practicability of Further Automation of Order-Routing Process.
    3. Discussant Group Questions for Panel One. 2:00 - 2:45 p.m.
III. Panel Two: User Representatives. 2:45-3:30 p.m.
    1. Introduction of Panel Two Speakers.
    2. Topics for Discussion:
    a. Use of Order Routing and Trade-Transmittal Technologies.
    --What Users Like/Dislike About Systems.
    --What Future Development Users Want.
    --What Exchange Initiatives are Necessary to Further Such 
Developments.
    b. Advantages/Disadvantages of Proprietary as Opposed to Exchange 
Systems.
    c. Biggest Concerns About Use of Systems.
    3. Discussant Group Questions for Panel Two. 3:30-4:15 p.m.
IV. Coffee Break 4:15-4:30 p.m.
V. Panel Three: Clearing Representatives. 4:30-5:00 p.m.
    1. Introduction of Panel Group Three Speakers.
    2. Topics for Discussion:
    a. Advantages of Automated Order Routing/Order Management Systems 
From a Clearing Perspective.
    --Real-Time Clearing.
    --Risk Assessment.
    --Reduction in Number of Outtrades.
    b. Issues Related to Integrating Proprietary Software With Exchange 
Systems.
    3. Discussant Group Questions for Panel Three. 5:00-5:30 p.m.
VI. Concluding Remarks. 5:30-5:45 p.m.
    1. Concluding Remarks From Discussants.
    2. Concluding Remarks From Chairperson Born and Commissioners.
    The purpose of the roundtable is to serve as a forum to advance 
public dialog on exchange automation issues and to identify the 
obstacles and benefits that market users believe are of primary 
importance to that debate.
    The roundtable is open to the public. Chairperson Born is 
authorized to conduct the roundtable in a fashion that will, in her 
judgment, facilitate the orderly conduct of business.

    Issued in Washington, DC on September 30, 1996.
Andrea M. Corcoran,
Director, Division of Trading & Markets.
[FR Doc. 96-25516 Filed 10-1-96; 12:35 pm]
BILLING CODE 6351-01-M