Svmuu News: According to an announcement by the U.S. Commodity Futures Trading Commission (CFTC), the CFTC has officially sought public comment on two issues related to the energy derivatives market, including extending trading hours for standard futures contracts to 7×24 hours and introducing perpetual contracts based on storable energy commodities such as crude oil.
CFTC Chairman Michael S. Selig stated that this move aims to gather data-driven market feedback to better assess the impact of such innovations on the market, while supporting innovation and safeguarding the market against manipulation and disruption.
This public comment period primarily covers two areas: first, extending standard futures contract trading to 24/7 while retaining a fixed expiration date mechanism; and second, studying the feasibility of perpetual contracts for physically deliverable energy commodities. Comments must be submitted within 30 days of publication in the Federal Register.