[CFTC Considering Blocking CME's Launch of 24/7 Oil Contract Trading] BlockBeats News, June 15, according to Bloomberg, the U.S. Commodity Futures Trading Commission (CFTC) is considering whether to block CME Group Inc.'s application to launch around-the-clock oil contracts, intensifying tensions between the market giant and its regulator. The CFTC's primary concerns include high volatility during non-trading hours (e.g., geopolitical events), challenges in market surveillance, and risk management. On Thursday, CME Group announced plans to introduce 24/7 trading for certain crude oil and gold futures contracts. A senior official from the agency, who requested anonymity due to the confidential nature of the discussions, stated that the news caught the U.S. derivatives regulator by surprise. [Original Link]