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November 21, 2006

Via Federal Express

Ms. Eileen A. Donovan
Office of the Secretariat
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street, N.W.
Washington, DC 20581

Re: National Futures Association: Proposed Interpretive Notice to Compliance Rule 2-36(e) Regarding Supervision of the Use of Electronic Trading Systems*

Dear Ms. Donovan:

Pursuant to Section 17(j) of the Commodity Exchange Act, as amended, National Futures Association ("NFA") hereby submits to the Commodity Futures Trading Commission ("CFTC" or "Commission") proposed Interpretive Notice to Compliance Rule 2-36(e) regarding supervision of the use of electronic trading systems. This proposal was approved by NFA's Board of Directors ("Board") on November 16, 2006. NFA respectfully requests Commission review and approval of the proposed interpretive notice.

PROPOSED RULE AMENDMENTS

EXPLANATION OF PROPOSALS

NFA respectfully requests that the Commission review and approve the Interpretive Notice to Compliance Rule 2-36(e) regarding supervision of the use of electronic trading systems.

Respectfully submitted,

Thomas W. Sexton
Vice President and General Counsel


* The proposed Interpretive Notice to Compliance Rule 2-36(e) Regarding Supervision of the Use of Electronic Trading Systems becomes effective on July 1, 2007.

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