FOR IMMEDIATE RELEASE
2001-84

                                
 Commission Adopts Rules for Futures Markets Trading Futures on
 Individual Stocks and Narrow-Based Indexes to Register and File
                      Proposed Rule Changes
 
 
     Washington, DC, August 14, 2001 - On August 13, 2001, the
Commission adopted new rules and amended existing rules to
implement provisions in the Commodity Futures Modernization Act
of 2000 that allow futures markets to register as national
securities exchanges by filing a written notice with the
Commission and to file proposed rule changes using an expedited
process.  The Commodity Futures Modernization Act of 2000
authorizes trading of futures on individual stocks and narrow-
based stock indexes.  Trading between eligible contract
participants on a principal-to-principal basis may begin as early
as August 21, 2001.  The new rules and amendments will be
effective upon publication in the Federal Register.


                                
                                
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