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CFTC Proposes Reporting Level for TRAKRS Futures Contracts

Date 30/07/2002

The Commodity Futures Trading Commission today proposed amending Part 15 of its rules, 17 C.F.R. Part 15, to establish a reporting level of 25,000 for TRAKRS futures contracts to be traded on the Chicago Mercantile Exchange. A thirty day comment period is provided.

In the Federal Register release proposing the new reporting level, the Commission also granted no-action relief to futures commission merchants, members of contract markets and foreign brokers that comply with the requirements of the proposed rule prior to its final adoption. In the absence of this rule amendment, the Commission's default reporting level of 25 contracts would apply.

For further information, contact the Commission's Office of External Affairs at (202) 418-5080.