[Federal Register: January 13, 1998 (Volume 63, Number 8)]
[Notices]               
[Page 1959]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr13ja98-41]

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COMMODITY FUTURES TRADING COMMISSION

 
Application of FutureCom, LTD. as a Contract Market in Live 
Cattle Futures and Options

AGENCY: Commodity Futures Trading Commission.
ACTION: Extension of comment period on notice of application of 
FutureCom, LTD. for initial designation as a contract market for the 
automated trading over the internet of cash-settled live cattle futures 
and options contracts.

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SUPPLEMENTARY INFORMATION: FutureCom has applied for designation as a 
contract market for the automated internet-based trading of cash-
settled live cattle futures and options. FutureCom has not previously 
been approved by the Commission as a contract market in any commodity, 
thus, in addition to the terms and conditions of the proposed futures 
and options contracts, FutureCom has also submitted proposed trading 
rules, rules of government, and other materials to meet the 
requirements for a board of trade seeking initial designation as a 
contract market. Notice of FutureCom's application was initially 
published under delegated authority for public comment on January 31, 
1997 (62 FR 4730). The proposal was republished for comment under 
delegated authority on November 24, 1997 (62 FR 62566) for a 30-day 
comment period ending December 24, 1997. Acting pursuant to the 
authority delegated by Commission Regulation 140.96, the Division of 
Trading and Markets (''Division'') has determined to extend for 30 days 
the deadline for comments on the notice of application of FutureCom to 
be designated as a first-time contract market. The Division believes 
that extension of the deadline for comment is in the public interest, 
will assist the Commission in considering the views of interested 
persons, and is consistent with the purposes of the Commodity Exchange 
Act. The Division seeks comment regarding all aspects of FutureCom's 
application and addressing any issues commenters believe the Commission 
should consider.
    Any person interested in submitting written data, views, or 
arguments on the proposal to designate FutureCom should submit their 
views and comments by the specified date to Jean A. Webb, Secretary, 
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st 
Street, N.W., 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 
FutureCom application for designation as an automated contract market 
for live cattle futures and options. Copies of the proposed terms and 
conditions, Exchange rules, compliance procedures, clearing and 
settlement description, and other related materials are available for 
inspection at the Office of the Secretariat at the above address. 
Copies also may be obtained through the Office of the Secretariat at 
the above address or by telephoning (202) 418-5100. Some materials may 
be subject to confidential treatment pursuant to 17 CFR 145.5 or 145.9. 
Requests or copies of such materials should be made to the FOI, Privacy 
and Sunshine Act Compliance Staff of the Office of the Secretariat at 
the Commission headquarters in accordance with 17 CFR 145.7 and 145.8.
DATES: Comments must be received on or before January 26, 1998.
FOR FURTHER INFORMATION CONTACT: With respect to questions about the 
terms and conditions of the proposed futures and option contracts, 
please contact Fred Linse of the Division of Economic Analysis, 
Commodity Futures Trading Commission, at Three Lafayette Centre, 21st 
Street NW, Washington, DC 20581; Telephone: (202)418-5273; Facsimile 
number: (202)418-5527; or Electronic mail: flinse@cftc.gov. With 
respect to questions about the trading rules and rules of government, 
please contact Lois Gregory, Division of Trading and Markets, at the 
same address; Telephone: (202)418-5483; Facsimile number: (202)418-
5536; or Electronic mail: lgregory@cftc.gov.

    Issued in Washington, D.C., on January 6, 1998.
Alan L. Seifert,
Deputy Director.
[FR Doc. 98-785 Filed 1-12-98; 8:45 am]
BILLING CODE 6351-01-P