The Commodity Futures Trading Commission (CFTC) asks the public to comment on the idea of allowing trade on derivatives markets 24 hours a day.
In a statement, the federal agency says, which regulates the derivatives markets, that it investigates the possibility of 24/7 trade to keep the shifting of financial trends.
Says acting chairman Caroline Pham,
“As I have said for a long time, the CFTC must follow a future -oriented approach to shifts in the market structure to ensure that our markets remain alive and resilient and at the same time protect all participants. An evolving trend is the transition to 24/7, 24/6 or 24/5 trading hours. I am looking forward to public comments about this marketinovation.”
The agency looks for specific comments about the effects and risks of allowing trade on all hours of the day.
“This request requires commentary on the implications of expanding the trade of CFTC-regulated derivatives markets to an effective 24/7 basis, including the potential effects on trade, clearing and risk management that differ from trade during current market hours.
The office receives a public comment until 21 May.
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