CME to Launch Ultra-Micro Crude Oil and Gold Futures with 24/7 Trading Starting July 26

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According to Jin10, CME announced on June 12 that it will launch new ultra-micro crude oil and gold futures contracts with seven-day, 24-hour trading after regulatory approval. The new crude oil contract will be one-tenth the size of the existing micro WTI crude oil futures and is scheduled to launch on August 30. The one-ounce gold futures contract will begin 24-hour trading on July 26. Derek Sammann, CME's global head of commodities, stated: "To address geopolitical uncertainty, we provide appropriately-sized, regulated products available 24/7, enabling traders to manage risk exposure as events occur."
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