The CFTC is considering blocking CME from launching 7x24-hour oil futures trading.

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Crypto Market News: On June 15, according to Bloomberg, the U.S. Commodity Futures Trading Commission (CFTC) is considering whether to block the Chicago Mercantile Exchange Group's (CME Group Inc.) application to launch 24/7 oil contracts, which has intensified tensions between this market giant and its regulators. The CFTC's main concerns include high volatility during non-trading hours (such as geopolitical events), market monitoring difficulties, and risk management. The Chicago Mercantile Exchange Group announced on Thursday that it will introduce 24/7 trading, 7 days a week, for certain crude oil and gold futures contracts. An anonymous senior official from a regulatory agency stated that this news caught U.S. derivatives regulators off guard, and the official requested anonymity due to the confidential nature of the deliberation.
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