Petition of the Philadelphia Stock Exchange, Inc. for Exemptive Relief To Permit United States Customers To Establish or Offset Positions in Certain Foreign Currency Options on the Hong Kong Futures Exchange Ltd. Through Registered Broker-Dealers

Streszczenie

The Philadelphia Stock Exchange, Inc. (``PHLX'') has petitioned the Commodity Futures Trading Commission (``Commission'' or ``CFTC'') for exemptive relief pursuant to Sections 4(c), 4c(b) and 4c(f) of the Commodity Exchange Act (``CEA'' or ``Act''), 1 to permit United States customers to establish or offset positions in PHLX foreign currency options on the Hong Kong Futures Exchange Ltd. (``HKFE'') through registered broker-dealers pursuant to regulation by the Securities and Exchange Commission (``SEC'') under the federal securities laws, and in accordance with Section 4c(f) of the Act. The Commission seeks comment on the PHLX petition, as discussed more fully below, and on any related issues. Copies of the PHLX petition are available for inspection at the Office of the Secretariat or may be obtained through the Office of the Secretariat by mail at the address listed below or by telephoning (202) 418-5100.