The US CFTC seeks advice on matters related to 7X24-hour trading

The Commodity Futures Trading Commission's (CFTC) Division of Market Oversight, Clearing and Risk and Market Participants today issued a "Request for Comments" to comprehensively evaluate the potential application scenarios, advantages and risks of implementing a 24/7 (24/7) trading model in the derivatives markets under its supervision. "The CFTC must respond to market structural changes with a forward-looking perspective to ensure market vitality and resilience while protecting the rights and interests of all participants," said Caroline D. Fan, acting CFTC chair. "The market is currently experiencing a trend of expanding to 24/7, 24/6 or 24/5 trading hours. We look forward to comments or suggestions from all walks of life on this innovation." The focus of this consultation includes: the differential impact of the expansion of the CFTC-regulated derivatives market to all-weather trading on trade clearing, risk management systems, market integrity that may be triggered by the 24/7 trading model, customer protection, and retail transactions. Challenges faced by supporting clearing systems in continuous operation environments.