According to ChainCatcher, the Market Oversight, Clearing and Risk, and Market Participants Department of the U.S. Commodity Futures Trading Commission (CFTC) jointly issued a "Request for Comment" today, aiming to comprehensively assess potential application scenarios, advantages, and risks of implementing a 24/7 (round-the-clock) trading mode in the derivatives markets under its supervision.
CFTC Acting Chair Caroline D. Pham stated: "The CFTC must address market structural changes with a forward-looking perspective, ensuring market vitality and resilience while safeguarding the interests of all participants. Currently, markets are emerging with trends of expanding to 24/7, 24/6, or 24/5 trading hours, and we look forward to receiving comments and suggestions on this innovation."
The key points of this comment solicitation include: the differentiated impacts of expanding CFTC-regulated derivatives markets to round-the-clock trading on trading clearing and risk management systems, potential risks in market integrity, customer protection, and retail trading arising from the 24/7 trading mode, and challenges faced by clearing systems in a continuous operating environment.
