The Commodity Futures Trading Commission’s Division of Clearing and Risk, Division of Market Oversight, and Market Participants Division have issued a staff advisory on 24/7 trading, clearing, and settlement. The advisory reminds designated contract markets, swap execution facilities, derivatives clearing organizations, and futures commission merchants that any move to round the clock operations must comply with the Commodity Exchange Act and related Commission regulations, and sets out staff expectations for firms seeking to extend trading and clearing on a 24/7 basis. The guidance also highlights that the suitability of 24/7 trading, clearing, and settlement differs across asset classes. Derivatives referencing crypto assets may be better suited because of their digital infrastructure and global reach, while other markets such as agricultural derivatives may be less suited because of their customer bases, regional nature, and specialized trading and hedging practices. Staff says registrants should take proactive steps to ensure market evolution remains compliant.
Commodity Futures Trading Commission2026-05-29
Commodity Futures Trading Commission issues staff advisory on 24/7 trading clearing and settlement expectations
The Commodity Futures Trading Commission’s Division of Clearing and Risk, Division of Market Oversight, and Market Participants Division issued a staff advisory on 24/7 trading, clearing, and settlement, reminding registrants that round-the-clock operations must comply with the Commodity Exchange Act and Commission regulations. The advisory sets out staff expectations for firms extending hours and notes that suitability of 24/7 models varies by asset class, with crypto-asset derivatives potentially more compatible than markets such as agricultural derivatives.