Amendments: 1) required the Commodities Futures Trading Commission to study the feasibility of computerized futures trading and authorized a computerized futures trading pilot project; 2) required the CFTC to monitor index arbitrage trading in equity index futures contracts; and 3) required the CFTC to monitor the margin levels on equity index futures contracts.

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Amendment Number
253
Description
Amendments: 1) required the Commodities Futures Trading Commission to study the feasibility of computerized futures trading and authorized a computerized futures trading pilot project; 2) required the CFTC to monitor index arbitrage trading in equity index futures contracts; and 3) required the CFTC to monitor the margin levels on equity index futures contracts.
Purpose
An en bloc amendment that would: 1) Require the Commodities Futures Trading Commission to study the feasibility of computerized futures trading and authorize a computerized futures trading pilot project; 2) require the CFTC to monitor index arbitrage trading in equity index futures contracts; 3) require the CFTC to monitor the margin levels on equity index futures contracts.
Congress
101
Type
HAMDT
Latest Action Date
Sep 13, 1989
Latest Action Text
On agreeing to the Huckaby amendments (A006) Agreed to by voice vote.
Latest Action Time
14:33:36
Submitted Date
Sep 13, 1989
Chamber
House of Representatives
Update Date
Jul 1, 2021
Amendment 253 — Informed