CFTC Considers Blocking CME's Round-the-Clock Oil Contract Bid
CME is trading near its 52-week low of $244.56 (10% above the low).
Summary
The Commodity Futures Trading Commission (CFTC) is reportedly weighing a decision to block CME Group's proposed round-the-clock oil contract. This potential regulatory hurdle could prevent CME from expanding its offerings in the crucial energy derivatives market, impacting future revenue streams. The news follows recent public friction between CME and the CFTC, including CEO Terry Duffy's strong warning against the regulator's approval of perpetual crypto futures earlier this month. This development suggests a potentially more challenging regulatory environment for the exchange.
At the time of this announcement, CME was trading at $270.00 on NASDAQ in the Finance sector, with a market capitalization of approximately $97.7B. The 52-week trading range was $244.56 to $329.16. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Binance News.