CFTC Seeks Public Comment on 24/7 All-Digital Trading

BlockBeats News, April 22, According to the announcement of the U.S. Commodity Futures Trading Commission (CFTC), the Division of Market Oversight, Division of Clearing and Risk, and Division of Market Participants jointly issued a Request for Input, comprehensively evaluating the potential use cases, benefits, and risks of implementing a 24/7 trading model in the derivatives markets under its regulation. Acting CFTC Chairman Caroline D. Pham stated: "The CFTC must take a forward-looking approach to address market structure changes, ensuring market vibrancy and resilience while safeguarding the interests of all participants. The current market is witnessing a trend towards expanding trading hours to 24/7, 24/6, or 24/5, and we look forward to input or suggestions from all sectors on this innovation."

The key areas of input include: the extension of CFTC-regulated derivatives markets to round-the-clock trading, the differentiated impact on trade clearing and risk management systems, the market integrity that 24/7 trading may bring, risks in areas such as customer protection and retail trading, and challenges faced by clearing systems in a continuous operation environment.