CME Group announced on Thursday that it plans to launch 24/7 trading for both a new crude oil contract that will be one-tenth the size of its Micro WTI futures and for its existing 1-ounce gold futures.
The new oil contract will debut on August 30, while the 1-ounce gold futures will begin always-on trading on July 26, the derivatives marketplace said. The contracts are to be cash-settled, with the oil contract listed on NYMEX and the gold contract listed on COMEX.
CME Group Senior Managing Director and Global Head of Commodities Markets Derek Sammann said the new options seek to ensure traders "can manage exposure whenever news breaks."
https://breakingthenews.net/Article/CME-to-roll-out-247-trading-for-new-oil-gold-contracts/66492066
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