CME Group Hits CFTC Roadblock as 24/7 Crude Futures Face Delay
The regulator said it needs more time to review novel oil contracts and urged exchanges to address legal issues before listing them.
9 Articles
9 Articles
The U.S. derivative regulator should block the CME Group's attempt to speed up the listing of an oil contract with negotiation 24 hours a day, 7 days a week, due to concerns that the energy market is not prepared for an uninterrupted trading of derivatives. Exclusive material for subscribers. To have full access, access the link of the material and register.
CME Group hits CFTC roadblock as 24/7 crude futures face delay
CME Group has faced a regulatory setback after the U.S. Commodity Futures Trading Commission delayed the immediate launch of its planned 24/7 crude oil futures trading. According to a press release issued by the U.S. Commodity Futures Trading Commission, the…
CFTC Blocks CME’s 24/7 Crude Oil Futures Plan One Day Before Launch
The Commodity Futures Trading Commission will stay a self-certified CME crude oil futures contract that would have allowed around-the-clock trading as soon as July 10, escalating a dispute over whether traditional energy derivatives should move toward the 24/7 model already common in crypto markets. The CFTC said CME filed to self-certify the contract on July 8 despite an active public comment process on 24/7 futures trading and related risks in…
CFTC scuttles 24/7 futures trading bid
U.S. derivatives regulators are blocking the Chicago Mercantile Exchange’s (CME) move to introduce round-the-clock futures trading amid an ongoing policy consultation on the subject. The U.S. Commodity Futures Trading Commission (CFTC) announced that it will stay the listing of an oil futures contract that the CME self certified, which could have enabled the launch of 24/7 trading immediately. The regulator noted that it’s in the midst of an ong…
CFTC Blocks CME's 24/7 Trading for Crude Oil Futures
The Commodity Futures Trading Commission will exercise its authority to stay the listing of a contract that would have allowed Chicago Mercantile Exchange to initiate 24/7 trading on crude oil futures as soon as 10 July 2026. On June 22, the Commission issued a request for comment seeking public input on the propriety of extension of standard futures contracts to 24/7 trading, including crude oil. Despite an ongoing public comment period and kno…
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