Regulator cites insufficient market infrastructure to support round-the-clock energy derivatives trading as CME shares drop 2.3%.
The U.S. Commodity Futures Trading Commission will deny CME Group’s request to expedite approval for 24-hour oil futures contracts. Officials reportedly expressed concerns that energy markets lack the necessary infrastructure to manage continuous derivatives trading without disruption.
CME had sought to fast-track the launch of round-the-clock oil contracts, aiming to expand trading hours beyond standard market sessions. The regulator’s decision follows a review of market readiness, contrasting with prior approvals for extended trading in other asset classes.
CME shares fell 2.3% in Thursday trading following the report, reflecting investor reaction to the regulatory setback.