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

摘要

In response to a petition by the Philadelphia Stock Exchange, Inc. (``PHLX''), the Commodity Futures Trading Commission (``Commission'' or ``CFTC'') has issued an Order (the ``Order'') exempting from regulation under the Commodity Exchange Act (``Act'' or ``CEA'') \1\ transactions in which United States (``U.S.'') customers establish or offset positions in Philadelphia Stock Exchange, Inc. (``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 subject to specified conditions as set forth herein. The Order grants the requested relief pursuant to section 4c(b) of the Act. ---------------------------------------------------------------------------