CFTC Blocking CME Plan to Offer 24/7 Oil Futures Trading
Bloomberg 2026-07-09 14:38:15
Context: The Commodity Futures Trading Commission is preventing CME Group Inc. from launching a new service that would allow for 24/7 trading in oil futures. This development has significant implications for the trading of oil futures contracts. The move comes as a surprise to market participants who had anticipated the introduction of round-the-clock trading.
Key Facts
- The Commodity Futures Trading Commission is blocking CME Group Inc.’s plan to offer 24/7 trading in oil futures, a move that would have allowed market participants to trade oil futures contracts at any time.
- CME Group Inc. had submitted a bid to the Commodity Futures Trading Commission to start offering 24/7 trading in oil futures, but the regulator has declined to approve the proposal.
- The decision by the Commodity Futures Trading Commission to block CME Group Inc.’s plan may have significant implications for market participants who had been expecting to gain greater flexibility in their trading activities.