From: Stephen Cournoyer
Securities and Exchange Commission
Attn: Nancy M. Morris, Secretary
Re: File No. SR-CBOE-2006-106
Dear Ladies and Gentlemen,
My name is Steve Cournoyer and I have been a member of the CBOT for over 34 years. I would like to submit my opposition to the CBOE's proposed rule change SR-CBOE-2006-106.
My initial opposition to this rule change is that the there are underlying agreements that have existed between the CBOT and CBOE since the CBOT created the CBOE. This rule change presumes a contract no longer exists. This contract issue must necessarily be addressed before either side can precede in their own independent way. It would be preferable to have the contract dispute decided in the Delaware court where it now awaits a ruling.