Chicago Mercantile Exchange Options on the Federal Funds Rate Futures Contract, and Amendments to the Dormant Federal Funds Rate Futures Contract

摘要

The Chicago Mercantile Exchange (CME or Exchange) has applied for designation as a contract market in options on its federal funds rate futures contract. In addition, the CME proposes to amend the dormant federal funds rate futures contract that would underlie the proposed contract, and it has filed a request to list federal funds rate futures and option contracts for trading through GLOBEX. The Director of the Division of Economic Analysis (Division) of the Commission, acting pursuant to the authority delegated by Commission Regulation 140.96, has determined that publication of the proposals 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.