Application of the NYFE for Designation as a Contract Market in Futures on the NYSE Small Composite Index

COMMODITY FUTURES TRADING COMMISSION

Application of the NYFE for Designation as a Contract Market in

Futures on the NYSE Small Composite Index

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of availability of terms and conditions of proposed

commodity futures contract.

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SUMMARY: The New York Futures Exchange (NYFE or Exchange) applied for

designation as a contract market in futures on the NYSE small composite

index.

DATES: Comments must be received on or before January 8, 1998.

ADDRESSES: Interested persons should submit their views and comments to

Jean A. Webb, Secretary, Commodity Futures Trading Commission, Three

Lafayette Centre, 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 NYFE small composite index contract.

[[Page 67631]]

FOR FURTHER INFORMATION CONTACT: Please contact Thomas Leahy of the

Division of Economic Analysis, Commodity Futures Trading Commission,

Three Lafayette Centre, 21st Street NW, Washington, 20581, telephone

(202) 418-5278. Facsimile number: (202) 418-5527. Electronic mail:

[email protected].

SUPPLEMENTARY INFORMATION: There are no substantive issues raised by

the application since futures contracts with similar terms based on the

composite index are actively traded. The Division believes that for

this reason, and in particular because the proposed contract is

identical to the actively traded composite index contract (except for

the contract size), a 15-day comment period is appropriate.

Copies of the terms and conditions will be available for inspection

at the Office of the Secretariat, Commodity Futures Trading Commission,

Three Lafayette Centre, 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 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

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 18, 1997.

John R. Mielke,

Acting Director.

[FR Doc. 97-33627 Filed 12-24-97; 8:45 am]

BILLING CODE 6351-01-P