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CFTC Welcomes Public Comments on 24/7 Trading – Acting Chairman Says Agency Must Take ‘Forward-Looking’ Approach

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The Commodity Futures Buying and selling Fee (CFTC) is asking the general public to touch upon the concept of permitting round the clock buying and selling in derivatives markets.

In an announcement, the federal company, which regulates the derivatives markets, says it’s exploring the potential of 24/7 buying and selling to maintain up with shifting monetary tendencies.

Says Appearing Chairman Caroline Pham,

“As I’ve lengthy stated, the CFTC should take a forward-looking method to shifts in market construction to make sure our markets stay vibrant and resilient whereas defending all members. One evolving development is the transfer to 24/7, 24/6, or 24/5 buying and selling hours. I stay up for the general public feedback on this market innovation.”

The company is particularly in search of feedback on the results and dangers of allowing buying and selling in any respect hours of the day.

“This request seeks touch upon the implications of extending the buying and selling of CFTC-regulated derivatives markets to an successfully 24/7 foundation, together with the potential results on buying and selling, clearing and threat administration which differ from buying and selling throughout present market hours. The request additionally seeks touch upon the dangers of 24/7 buying and selling, and the related clearing techniques, together with dangers associated to the areas of market integrity, buyer safety or retail buying and selling.”

The company will obtain public remark till Might twenty first.

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