[Federal Register: March 4, 1998 (Volume 63, Number 42)]

[Notices]

[Page 10596-10597]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr04mr98-49]



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COMMODITY FUTURES TRADING COMMISSION





Coffee, Sugar & Cocoa Exchange, Inc. Amendment to a Petition for

Exemption From the Dual Trading Prohibition in Affected Contract

Markets



AGENCY: Commodity Futures Trading Commission.



ACTION: Notice of amendment to a petition for exemption from the

prohibition on dual trading in an affected contract market.



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SUMMARY: Coffee, Sugar & Cocoa Exchange, Inc. ("CSCE" or

"Exchange") has submitted to the Commodity Futures Trading Commission

("Commission") an additional update of its October 19, 1993 petition

for exemption from the prohibition against dual trading in two contract

markets. The amendment requests an exemption for a newly affected

contract market. Copies of the entire file, including any future

submissions, will be available to the public upon request, except to

the extent the Exchange has requested confidential treatment.



ADDRESSES: Copies of the file are available from the Office of the

Secretariat, Commodity Futures Trading Commission, Three Lafayette

Centre, 1155 21st Street, NW, Washington, DC 20581. Reference should be

made to the CSCE dual trading exemption petition file.



FOR FURTHER INFORMATION CONTACT: Duane C. Andresen, Special Counsel, or

Adam E. Wernow, Staff Attorney, Division of Trading and Markets,

Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st

Street, NW, Washington, DC 20581; telephone: (202) 418-5490.



SUPPLEMENTARY INFORMATION: Pursuant to Sections 4j(a)(1) and (3) of the

Commodity Exchange Act ("Act") and Commission Regulation 155.5

thereunder, a board of trade may submit a petition to the Commission to

exempt any of its affected contract markets (markets with an average

daily trading volume equal to or in excess of 8,000 contracts for four

consecutive quarters) from the prohibition against dual trading.

Regulation 155.5(d)(6) authorizes the Director of the Division of

Trading and Markets, or a designee of the Director, to publish notice

of each exemption petition deemed complete under Regulation 155.5(d)

and to make the petition available to the public as required by Section

4j(a)(5) of the Act.

    CSCE originally submitted a petition for a dual trading exemption

on October 19, 1993, for its Sugar #11 and Coffee "C" futures

contracts. On March 21, 1997, CSCE submitted an amended petition that

updated the Exchange's original petition and requested a dual trading

exemption for four additional affected contract markets: Cocoa futures

and option contracts on the Sugar #11, Coffee "C," and Cocoa futures.

On July 8, 1997, the Commission issued an Opinion and Order granting a

dual trading exemption to CSCE for its Sugar #11 futures contract, the

only affected contract market as of that date. This Opinion and Order

provided that if other CSCE contracts became affected contract markets

after the date of the Order, the Commission may expand the Order in

response to an updated petition that includes those contracts. Pursuant

to that provision, CSCE submitted an amendment dated February 3, 1998,

requesting an exemption from the dual trading prohibition for the Cocoa

futures contract market.

    Copies of the file containing all these materials and any future

submissions, except to the extent the Exchange has requested

confidential treatment in accordance with 17 CFR 145.9, are available

for inspection at the Commission's Office of the Secretariat, Three

Lafayette Centre, 1155 21st Street, NW, Washington, DC 20581, and may

be obtained by mail at that address or by telephone at (202) 418-5100.

    Petition materials subject to CSCE's request for confidential

treatment may be available upon request pursuant to the Freedom of

Information Act ("FOIA") (5 U.S.C. Sec. 552) and the Commission's

regulations thereunder (17 CFR Part 145), 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 FOIA,

Privacy and Sunshine Act Compliance Staff of the Office of the

Secretariat at the above address in accordance with 17 CFR 145.7 and

145.8.

    CSCE timely submitted its amended petition before February 5, 1998,

the effective date of the dual trading prohibition in the newly

affected contract market. Therefore, application of the prohibition in

the contract market



[[Page 10597]]



covered by the petition amendment has been suspended in accordance with

Commission Regulation 155.5(d)(5) and will remain suspended until the

petition is acted upon.



    Issued in Washington, DC, on February 26, 1998.

Alan L. Seifert,

Deputy Director, Division of Trading and Markets.

[FR Doc. 98-5595 Filed 3-3-98; 8:45 am]

BILLING CODE 6351-01-P






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