CFTC Considers Blocking CME's 24/7 Oil Futures Trading Launch

XAU1.73%
According to Bloomberg, the U.S. CFTC is considering whether to block CME Group's application to launch 24/7 trading for crude oil and gold futures contracts, heightening tensions between the regulator and the market giant. CME announced the move on June 15. The CFTC's main concerns include high volatility during non-trading hours from geopolitical events, market surveillance challenges, and risk management issues.
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