[Federal Register Volume 62, Number 34 (Thursday, February 20, 1997)]
[Notices]
[Page 7755]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-4164]


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COMMODITY FUTURES TRADING COMMISSION

Chicago Mercantile Exchange 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 Mercantile Exchange (``CME'' or ``Exchange'') has 
submitted an update of its October 22, 1993 petition for exemption from 
the prohibition against dual trading in eight contract markets. The 
Exchange had re-submitted a corrected petition on December 2, 1993. 
Upon CME'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 CME dual 
trading exemption petition file.

FOR FURTHER INFORMATION CONTACT:
Shauna Turnbull, Special Counsel, or Evan Davis, 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.
    CME originally submitted a petition for dual trading exemption on 
October 22, 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.
    Pursuant to a request from the Commission, CME submitted a dual 
trading exemption petition update dated January 21, 1997 for its 
contract markets in Deutsche Mark, Eurodollar, Japanese Yen, Live 
Cattle, Standard & Poor's 500, and Swiss Franc futures contracts, and 
options on Eurodollar and Standard & Poor's 500 futures contracts. Upon 
CME'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 20581, and may be obtained by mail at that 
address or by telephone at (202) 418-5100.
    Petition materials subject to CME'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 CME 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. 97-4164 Filed 2-19-97; 8:45 am]
BILLING CODE 6351-01-M