The US Commodity Futures Trading Commission (CFTC) is considering whether to block CME Group Inc.’s bid to launch a round-the-clock (24/7) oil futures contract, according to reports from multiple outlets. The decision would affect CME’s efforts to extend trading hours for oil products, a move aimed at expanding market access and continuity for trading participants. The reviews also highlight growing friction between CME and its regulator, with the CFTC weighing regulatory and market-structure concerns tied to the proposed continuous contract. The outlets characterize the situation as a live regulatory consideration rather than a final ruling, indicating that the CFTC has not yet made its determination. The potential action underscores the role of the CFTC in overseeing futures and derivatives market rules and ensuring that new contract designs and trading practices comply with applicable requirements. While CME seeks to move forward with the product plan, the CFTC’s review process could delay or halt the launch depending on what the agency concludes.
CFTC weighs whether to block CME’s proposed 24/7 oil futures contract
The US Commodity Futures Trading Commission (CFTC) is considering whether to block CME Group Inc.’s bid to launch a round-the-clock (24/7) oil futures contract, according to reports from multiple outl...
- The CFTC is reviewing whether it should block CME Group’s proposed 24/7 oil contract.
- CME’s plan would allow round-the-clock trading for the oil futures product.
- Multiple outlets report the matter is ongoing and not yet resolved.
- The issue increases tensions between CME and the CFTC.
- The CFTC’s potential action would affect the timing and launch of the proposed contract.
The US Commodity Futures Trading Commission is considering whether to block CME Group Inc.’s bid to launch a round-the-clock oil contract, heightening tensions between the market stalwart and its regulator.
2 months agoThe US Commodity Futures Trading Commission is considering whether to block CME Group Inc.’s bid to launch a round-the-clock oil contract, heightening tensions between the market stalwart and its regulator.
2 months ago
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