[Federal Register Volume 62, Number 113 (Thursday, June 12, 1997)]
[Notices]
[Pages 32082-32083]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-15425]


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COMMODITY FUTURES TRADING COMMISSION


Chicago Mercantile Exchange Proposed Futures and Option Contracts 
on the Mini Standard & Poor's 500 Stock Price Index

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of availability of the terms and conditions of proposed 
commodity futures and option contracts.

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SUMMARY: The Chicago Mercantile Exchange (CME or Exchange) has applied 
for designation as a contract market in futures and futures options on 
the Mini Standard & Poor's 500 Stock Price Index. The Acting Director 
of the Division of Economic Analysis (Division) of the Commission, 
acting pursuant to the authority delegated by Commission Regulation 
140.96, has determined that publication of the proposal 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.

DATES: Comments must be received on or before June 27, 1997.

ADDRESSES: Interested persons should submit their views and comments to 
Jean A. Webb, Secretary, Commodity Futures Trading Commission, Three 
Lafayette Centre, 1155 21st St., NW, Washington, DC 20581. In addition, 
comments may be sent by facsimile

[[Page 32083]]

transmission to (202) 418-5521 or by electronic mail to 
[email protected]. Reference should be made to the Chicago Mercantile 
Exchange Mini Standard & Poor's 500 Stock Price Index futures and 
option contracts.

FOR FURTHER INFORMATION CONTACT: Please contact Michael Penick of the 
Division of Economic Analysis, Commodity Futures Trading Commission, 
Three Lafayette Centre, 1155 21st St., NW, Washington, DC 20581, 
telephone 202-418-5275. Facsimile number (202) 418-5527. Electronic 
mail [email protected].

SUPPLEMENTARY INFORMATION: The CME has requested an abbreviated 15-day 
public comment period. In that regard, the CME noted that there are no 
substantive issues raised by these applications since futures and 
options with similar terms based on the S&P 500 are actively traded. 
The Division believes that for the above reasons, and in particular 
because the proposed contracts are identical to the actively traded S&P 
500 contract (except for the contract size and the minimum price 
fluctuation), a 15-day comment period is appropriate for these 
applications.
    Copies of the terms and conditions will be available for inspection 
at the Office of the Secretariat, Commodity Futures Trading Commission, 
Three Lafayette Centre, 1155 21st St., NW, Washington, D.C. 20581. 
Copies of the terms and conditions can be obtained through the Office 
of the Secretariat by mail at the above address, by phone at (202) 418-
5100, or via the internet on the CFTC website at www.cftc.gov under 
``What's Pending.'' .
    Other materials submitted by the CME in support of the application 
for contract market designation 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 (1987)), 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 the FOI, Privacy and Sunshine Act Compliance Staff of the Office of 
the Secretariat at the Commission's headquarters in accordance with 17 
CFR 145.7 and 145.8.
    Any person interested in submitting written data, views, or 
arguments on the proposed terms and conditions, or with respect to 
other materials submitted by the CME, should send such comments to Jean 
A. Webb, Secretary, Commodity Futures Trading Commission, Three 
Lafayette Centre, 1155 21st St., NW, Washington, DC 20581 by the 
specified date.

    Issued in Washington, DC, on June 6, 1997.
John R. Mielke,
Acting Director.
[FR Doc. 97-15425 Filed 6-11-97; 8:45 am]
BILLING CODE 6351-01-P