CFTC Weighs Blocking CME's 24/7 Oil and Gold Futures Launch
Updated
Updated · Bloomberg · Jun 12
CFTC Weighs Blocking CME's 24/7 Oil and Gold Futures Launch
3 articles · Updated · Bloomberg · Jun 12
Summary
A senior CFTC official said the regulator is considering whether to stop CME Group from rolling out round-the-clock trading in some oil and gold futures contracts.
CME announced on Thursday that it would debut 24-hour, seven-days-a-week trading, a move the agency said caught it by surprise during confidential deliberations.
The dispute sharpens tensions between the top US derivatives regulator and CME, a dominant futures marketplace, over how quickly around-the-clock commodities trading can expand.