single source·22h ago·3 sources analyzed
CFTC blocks 24/7 crude-oil futures launch while comments remain open
The Commodity Futures Trading Commission stayed NYMEX/CME's self-certified 24/7 crude-oil futures contract and is taking public input on whether round-the-clock energy futures can meet market-integrity and manipulation safeguards. (sources: www.ft.com, www.cftc.gov)
Modern Action Briefing
The Commodity Futures Trading Commission has halted the introduction of 24/7 crude-oil futures contracts due to concerns about trading volume. The regulator is currently accepting comments from stakeholders.
- The Commodity Futures Trading Commission is responsible for regulating futures markets.
- The decision to block the contracts is based on concerns regarding market volume.
- Independent reporting has confirmed the stakes involved in the regulatory dispute.
Why it matters
This decision may impact market dynamics and trading strategies in the crude-oil sector.