CME Group to Offer 24/7 Trading for WTI Crude, Gold Contracts
CME is trading near its 52-week low of $244.56 (9.1% above the low).
Summary
CME Group announced it will expand 24/7 trading for WTI crude and gold contracts, pending regulatory review. This includes new, smaller-sized oil contracts (one-tenth of Micro WTI futures) launching August 30, and existing 1-ounce gold futures starting July 26. This initiative aims to provide traders with continuous exposure management, particularly amidst geopolitical uncertainty. The move aligns with CME's ongoing strategy of product innovation and market expansion, following recent announcements of record trading volumes and new futures contracts for uranium and GPU compute.
At the time of this announcement, CME was trading at $266.90 on NASDAQ in the Finance sector, with a market capitalization of approximately $95B. The 52-week trading range was $244.56 to $329.16. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.