NewsMV
The Commodity Futures Trading Commission is moving to block around-the-clock oil futures contracts on volume grounds, a decision that puts the agency at the center of a product-approval dispute at the same moment it is defending a lawsuit from the world's biggest derivatives exchange.
That suit concerns how the CFTC approved crypto-linked products. The action in focus Crude oil contracts structured for 24/7 trading are the product at issue. Volume is the CFTC's stated objection.
The agency has not published a specific threshold or benchmark, but the direction of the decision is clear: the regulator does not see current market activity as adequate to support continuous trading in these contracts.
The decision lands in a contested regulatory climate. The world's largest derivatives exchange has taken the CFTC to court over the agency's crypto product approvals.
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