Federal Register #RIN 3038AF75

CFTC Request for Comment on 24/7 Futures Trading and Perpetual Energy Contracts

This opportunity is a regulatory request for public comment from the Commodity Futures Trading Commission (CFTC) regarding potential changes to futures contract trading. - Government Buyer: - Commodity Futures Trading Commission (CFTC) - OEMs and Vendors Mentioned: - Chicago Mercantile Exchange (CME) - New York Mercantile Exchange, Inc. (NYMEX) - Requested Input: - Extension of standard futures contracts to 24/7 trading - Introduction of perpetual contracts for physically delivered or storable energy commodities - Implications for price reliability, market surveillance, speculative position limits, margin, clearing, settlement, customer protection, and effects on physical markets - Feedback on the self-certified 24/7 oil contract listed by NYMEX - Industry operational readiness for continuous trading - Notable Requirements: - No procurement of products or services; this is a request for information and public input - Focus on regulatory, operational, and market impacts of continuous trading and new contract types

Description

The Commodity Futures Trading Commission (CFTC) is requesting public comment on the extension of standard futures contracts to 24/7 trading and on perpetual contracts referencing physically delivered or storable energy commodities. The request includes consideration of the implications for price reliability, market surveillance, speculative position limits, margin, clearing, settlement, customer protection, and effects on physical markets. The comment period has been extended to August 26, 2026, to allow additional time for analysis and input. The Commission also seeks comments on a self-certified 24/7 oil contract listed by NYMEX and operational readiness for continuous trading.

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