CFTC set to block CME’s fast-track 24/7 oil futures contract, FT reports

The Commodity Futures Trading Commission is blocking a bid by CME Group Inc. to introduce 24/7 trading for oil futures. According to reports from FT, the CFTC is set to stop the fast-track implementation of these continuous trading contracts. This action prevents CME Group Inc. from offering the proposed around-the-clock market access for oil futures, ensuring that the current trading schedules remain in place despite the company's efforts to expand its operational hours.