Applications of the Chicago Mercantile Exchange for Designation as a Contract Market in E-Mini Nasdaq 100 Futures and Options

COMMODITY FUTURES TRADING COMMISSION

Applications of the Chicago Mercantile Exchange for Designation

as a Contract Market in E-Mini Nasdaq 100 Futures and Options

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of availability of terms and conditions of proposed

commodity futures and options contract.

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SUMMARY: The Chicago Mercantile Exchange (CME or Exchange) has applied

for designation as a contract market in E-Mini Nasdaq 100 futures and

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 March 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 [email protected].

Reference should be made to the CME E-Mini Nasdaq 100 futures and

option 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 (202) 418-

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

[email protected].

SUPPLEMENTARY INFORMATION: There are no substantive issues raised by

the applications. In this regard, the proposed contracts are

substantially identical (except for the contract size and the minimum

price fluctuation) to previously approved contracts based on the Nasdaq

100 index. In approving the existing Nasdaq 100 index contracts, the

Commission determined that those contracts 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 CME 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

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 material submitted by the CME, should send such 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 February 25, 1999.

John R. Mielke,

Acting Director.

[FR Doc. 99-5366 Filed 3-3-99; 8:45 am]

BILLING CODE 6351-01-M