CME Group Suspends Plan for 24/7 Crude Oil Contracts
CME Group has decided to suspend its plan to launch 24/7 trading of a new crude oil contract, citing concerns about unintended risks that could affect the market. The company stated it wanted to avoid introducing additional volatility or instability into the marketplace through this product offering. The proposed 10-barrel contracts were intended as an alternative for traders seeking more flexible and transparent options in energy commodities trading. However, CME Group emphasized its commitment to maintaining a stable and regulated environment while continuing to explore innovative products that meet market needs without compromising integrity or risk management standards.
Tickers: $CME
Topics: commodities risk_management trading_hours