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In an effort to provide the public with information on the industry, the CFTC posts
applications of entities seeking to become an approved trading facility (a designated
contract market (DCM) or derivatives transaction execution facility (DTEF)) or a
registered derivatives clearing organization (DCO). The CFTC also posts
organizations' requests for approval of contracts and rules, as well as other
requests for CFTC action.
The CFTC welcomes comments on industry submissions pending CFTC action. Comments may
be filed electronically to submissions@cftc.gov
or by mail at the CFTC's Washington, DC headquarters office, 1155 21st Street N.W.,
Washington, DC 20581. Please identify the subject. All comments received are posted to
the CFTC website.
New Trading Facilities & Clearing Organizations
| Date Filed |
Applicant |
Type |
Filings |
Comments Due by |
Comments
Received |
Status/Staff Remarks |
| 09/10/04 |
Chicago Climate Futures Exchange LLC (CCFE) |
DCM |
cover letter;
rulebook;
regulatory chart;
LLC agreement;
certificate of formation;
clearing rules |
10/01/04 |
|
Chicago Climate Exchange Inc.
(CCX), previously filed a notice with the Commission to operate
as an exempt commercial market. |
| 06/17/03 |
NexTrade Futures Exchange, Inc. (NFE) |
DCM |
|
NA |
|
The 180-day review period under section 6 of the CEA is stayed at the request of
NexTrade on 10/15/03. The application was removed from the CFTC’s 60-day review
period on 8/05/03. |
Requests for Approval of
Contracts & Rules
| Date Filed |
Entity
Filing Approval Request |
Name of Contract / Description of New Rule or Rule Change |
Filings |
Comments Due by |
Comments
Received |
Status/Staff Remarks |
| 08/31/04 |
KCBT |
Adoption of rules and regulations to provide the necessary contractual, regulatory and operational framework governing the electronic trading of KCBT contracts on the CBOT's ecbot system powered by LIFFE CONNECT. |
08/31/04 |
09/17/04 |
|
|
| 08/31/04 |
KCBT |
Adoption of new rule 102.01 pertaining to the recovery of legal defense
costs. |
08/31/04 |
09/17/04 |
|
|
| 08/11/04 |
NYMEX & COMEX |
Amendments to the lists of approved refiners and brands by changing the PGP silver
brand to “no longer in production” and by adding Heraeus Metal
Processing, Inc. as an approved assayer/refiner for platinum and
palladium. |
08/11/04 |
09/09/04 |
|
|
| 08/03/04 |
NYBOT |
Increase the all months combined limit for the cotton no. 2 futures and
option contracts, from 3,500 contracts to 4,000 contracts. |
08/03/04
|
08/16/04
|
See foi04--006_1.htm
|
The NYBOT and other exchanges petitioned the CFTC to adopt amendments to
CFTC Regulation 150.2 so that the CFTC’s speculative limits would be the
same as those proposed by NYBOT. Pursuant to a request from the NYBOT, the
review period has been extended so that it now ends on the date that the
Commission implements any revisions to Regulation 150.2. |
| 03/30/04 |
CBOT |
Increase the single-month and all-months-combined speculative position
limits for the corn, wheat, soybeans, soybean oil and soybean meal futures
contracts. |
03/30/04
05/13/04 |
08/16/04 |
|
Concurrently with this filing, the CBOT, and other exchanges, petitioned
the CFTC to adopt amendments to CFTC Regulation 150.2 so that the CFTC’s
speculative limits would be the same as those proposed by the CBOT. Pursuant to
a request from the CBOT, the review period has been extended so that it now
ends on the date that the Commission implements any revisions to Regulation
150.2. The CBT filed an amended
petition on April 27, 2004. |
Self certification alternative: DCMs and DCOs need not obtain prior CFTC
approval before listing new contracts or implementing new rules or rule amendments.
Instead, new contracts may be listed and rules or rule changes may be implemented by
filing a written self-certification with the CFTC.
Contracts Submitted Under Self
Certification Rules Submitted Under
Self-Certification
Requests for Commission Action
| Date Filed |
Entity
Filing Request |
Description of Request |
Filings |
Comments Due by |
Comments
Received |
Status/Staff Remarks |
|
3/26/04 through 5/27/04
|
Chicago Board of Trade; Kansas City Board of Trade; Minneapolis Grain
Exchange; & New York Board of Trade
|
Requests to repeal or amend Federal speculative position limits set forth in
CFTC Regulation 150.2 for specified agricultural commodities.
Federal Register Release
|
CBT (3/26/04)
(4/27/04);
KCBT (4/27/04);
MGE (5/20/04);
NYBOT (5/27/04)
|
8/16/04
|
|
Federal limits apply to the following markets: CBT corn, oats, soybeans,
wheat, soybean oil, and soybean meal; KCBT hard winter wheat; MGE hard red
spring wheat and white wheat; and NYBOT cotton No. 2. Should Federal limits be
repealed, the petitioners would bear sole responsibility for setting position
limitations or accountability standards for their contracts, subject to CFTC
oversight.
|
| 4/28/04 |
The Clearing Corporation |
Request to permit deposit of certain foreign futures and options margin in segregated
funds account |
1) Letter of
Request
2) Link Description
3) Proposed TCC Rules
(redline)
4) Link Clearing
Agreement
5) Clearing
Link Services Agreement
6) Draft Eurex US Bulletin
re: spread credits
7) Eurex Clearing
Rules (added 5/7/04) |
5/14/2004 |
Lehman Brothers,
CBOT,
CME,
TCC Response to CBOT,
CBOT Response to TCC
|
|
| 2/09/04 |
Intercontinental Exchange |
Petition to expand the category of eligible commercial entity (ECE) to include: (1)
broker firms that are members of the International Petroleum Exchange (IPE), are located
in the U.K. and are authorized and regulated by the U.K. Financial Services Authority and
(2) local traders located in the U.K. that are members of IPE, are outside the scope of
FSA regulation but are registered with IPE. |
02/09/04
02/17/04
02/18/04
03/04/04 |
4/06/2004 |
Federal Register comments file
04--001 |
The Commission previously expanded the ECE definition by Order issued January 9, 2003. |
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