Applications of the New York Futures Exchange for Designation as a Contract Market in Russell 1,000 Large Index Futures and Russell 1,000 Index Futures Options

[Federal Register Volume 64, Number 1 (Monday, January 4, 1999)]
[Notices]
[Page 149]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-34731]


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COMMODITY FUTURES TRADING COMMISSION


Applications of the New York Futures Exchange for Designation as 
a Contract Market in Russell 1,000 Large Index Futures and Russell 
1,000 Index Futures Options

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 New York Futures Exchange (NYFE or Exchange) has applied 
for designation as a contract market in Russell 1,000 Large Index 
futures and Russell 1,000 Index options. 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 proposals for comment is in the 
public interest, will assist the Commission in considering the views of 
interested persons, and is consistent with the purpose of the Commodity 
Exchange Act.

DATES: Comments must be received on or before January 19, 1999.

ADDRESSES: Interested persons should submit their views and comments 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 secretary@cftc.gov. 
Reference should be made to the proposed NYFE Russell 1,000 Index 
contracts.

FOR FURTHER INFORMATION CONTACT:
Please contact Thomas Leahy of the Division of Economic Analysis, 
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st 
Street NW, Washington, DC 20581, telephone (202) 418-5278. Facsimile 
number: (202) 418-5527. Electronic mail: tleahy@cftc.gov.

SUPPLEMENTARY INFORMATION: There are no substantive issues raised by 
the applications, since contracts having similar terms have been 
approved based on the Russell indexes. In this regard, the proposed 
Russell 1,000 Index option contract is an option on the previously 
approved NYFE Russell 1,000 Index futures contract, and the proposed 
Large Russell 1,000 index futures contract is identical (except for the 
contract size) to that previously approved contract. In approving the 
existing NYFE Russell 1,000 futures index contract, the Commission 
determined that it satisfied the requirements of the Accord. 
Accordingly, the Division believes that an abbreviated 15-day comment 
period is appropriate for the subject 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 Street NW, Washington, DC 20581. 
Copies of the terms and conditions can be obtained through the Office 
of the Secretariat by mail at the above address or by phone at (202) 
418-5100.
    Other materials submitted by the NYFE in support of the 
applications 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 (1997)), 
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 NYFE, should send such comments to 
Jean A. Webb, Secretary, Commodity Futures Trading Commission, Three 
Lafayette Centre, 21st Street NW, Washington, DC 20581 by the specified 
date.

    Issued in Washington, DC, on December 28, 1998.
John Mielke,
Acting Director.
[FR Doc. 98-34731 Filed 12-31-98; 8:45 am]
BILLING CODE 6351-01-M