Applications of the Cantor Financial Futures Exchange, Inc. for Designation as a Contract Market in Flexible Coupon U.S. Treasury Bond and 10-Year, 5-Year and 2-Year U.S. Treasury Note Futures

COMMODITY FUTURES TRADING COMMISSION

Applications of the Cantor Financial Futures Exchange, Inc. for

Designation as a Contract Market in Flexible Coupon U.S. Treasury Bond

and 10-Year, 5-Year and 2-Year U.S. Treasury Note Futures

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of availability of proposed terms and conditions for

applications for contract market designation.

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SUMMARY: The Cantor Financial Futures Exchange, Inc. (CFFE or Exchange)

has applied for designation as a contract market in flexible coupon

U.S. Treasury bond and flexible coupon 10-year, 5-year and 2-year U.S.

Treasury note futures. The proposals were submitted under the

Commission's 45-day Fast Track procedures. 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 February 9, 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 CFFE flexible coupon U.S. Treasury bond

and 10-year, 5-year and 2-year U.S. treasury note futures contracts.

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, DC 20581, telephone

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

[email protected].

SUPPLEMENTARY INFORMATION: The proposed designation applications were

submitted pursuant to the Commission's Fast Track procedures for

streamlining the review of futures contract rule amendments and new

contract approvals (62 FR 10434). Under those procedures, the

proposals, absent any contrary action by the Commission, may be deemed

approved at the close of business on March 1, 1999, 45 days after

receipt of the proposals. In view of the limited review period provided

under the Fast Track procedures, the Commission has determined to

publish for public comment notice of the availability of the terms and

conditions for 15 days, rather than 30 days as provided for proposals

submitted under the regular review procedures.

Copies of the proposed 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 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 222.cftc.gov under ``What's New &

Pending''.

Other materials submitted by the CFFE in support of the proposals

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 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 proposals, or with respect to other materials

submitted by the CFFE, should send other comments to Jean A. Webb,

Secretary, Commodity Futures Trading Commission, Three Lafayette

Centre, 1155 21st Street NW, Washington, DC 20581 by the specified

date.

Issued in Washington, DC, on January 19, 1999.

John R. Mielke,

Acting Director.

[FR Doc. 99-1582 Filed 1-22-99; 8:45 am]

BILLING CODE 6351-01-M