CME Group suspends planned 24/7 10-barrel crude oil futures launch
CME•CME Group suspended plans for its 24/7 10-barrel crude oil futures contract and withdrew its regulatory filing, citing client concerns about unintended consequences and added market risk.
1. Filing withdrawn
CME Group suspended plans to launch the contract and withdrew its regulatory filing, citing client concerns about unintended consequences and potential added market risk from round-the-clock energy trading. The company had positioned it as a regulated alternative to 24/7 oil products trading mainly among retail participants on other venues, and urged the CFTC to enforce Commodity Exchange Act standards across derivatives markets.




