The Commodity Futures Trading Commission said it will stay Chicago Mercantile Exchange’s self-certified contract that would have enabled 24/7 trading in crude oil futures, preventing the contract from being listed before the agency decides whether it complies with the Commodity Exchange Act and CFTC regulations. The move follows CME’s July 8 self-certification filing, which would have allowed trading to begin as soon as the next day. The CFTC had already opened a public comment process on June 22 on whether extending standard futures contracts to 24/7 trading, including crude oil, is appropriate. It said that review remains ongoing and cited known risks and unresolved questions about whether around-the-clock crude oil futures trading is consistent with statutory core principles. CME also submitted a separate filing seeking Commission review and approval under 17 C.F.R. 40.3. While the stay applies to the self-certification under 17 C.F.R. 40.2(c), the Commission said it will continue a full review of the product under its 40.3 authority.
Commodity Futures Trading Commission2026-07-09
Commodity Futures Trading Commission stays CME self certified 24 7 crude oil futures contract
The Commodity Futures Trading Commission has stayed CME’s self-certified contract for 24/7 crude oil futures trading, blocking listing until the agency completes its compliance review. The CFTC said its broader examination of 24/7 futures trading is still underway and that CME’s separate filing for Commission approval will be reviewed under the standard approval process.