BlockBeats news, on June 12, CME announced that, following regulatory review, it will offer 24/7 trading for new smaller-sized crude oil and gold contracts. The new crude oil contract size will be one-tenth of CME’s existing micro WTI crude oil futures contract and will be launched on August 30. Twenty-four-hour trading for the company’s existing 1-ounce gold futures contract will begin on July 26.
Derek Sammann, Global Head of Commodities at CME Group, said: “In the face of geopolitical uncertainty, we provide regulated products with appropriate specifications, available 24 hours a day, seven days a week, enabling traders to manage their risk exposure at any time news breaks.”