COMMODITY FUTURES TRADING COMMISSION

17 CFR Part 30

Concept Release Concerning Placement of Foreign Board of Trade Computer Terminals in the United States

AGENCY: Commodity Futures Trading Commission.

ACTION: Extension of comment period.

SUPPLEMENTARY INFORMATION: The Commodity Futures Trading Commission (Commission) published a concept release concerning the placement of foreign board of trade computer terminals in the United States on July 24, 1998 (63 FR 39779). Comments on the concept release were originally due on September 22, 1998. By letter dated September 16, 1998, Mr. Leo Melamed, Chairman Emeritus and Senior Policy Advisor of the Chicago Mercantile Exchange and Chairman of the Global Markets Advisory Committee Subgroup on Cross-Border Regulation of Electronic Trading, requested that the Commission extend the comment period for an additional two weeks. In addition, by letter dated September 17, 1998, Mr. Christopher K. Bowen, Senior Vice President and General Counsel, on behalf of the New York Mercantile Exchange ("NYMEX"), requested that the Commission extend the comment period on the concept release for an additional fifteen days. The Commission has determined to grant Mr. Melamed’s and NYMEX’s requests and the extended deadline for comments on the concept release is October 7, 1998.

Any person interested in submitting comments on the concept release should submit them by the specified date to Jean A. Webb, Secretary, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21^st Street, N.W., Washington D.C. 20581. In addition, comments may be sent by facsimile transmission to facsimile number (202) 418-5521, or by electronic mail to [email protected].

DATES: Comments must be received on or before October 7, 1998.

FOR FURTHER INFORMATION: David M. Battan, Chief Counsel, Division of Trading and Markets, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21^st Street, N.W., Washington D.C. 20581. Telephone (202) 418-5450.

Issued in Washington, D.C. on by the Commodity Futures Trading Commission.