U.S. derivatives market oversight is moving deeper into the debate over around-the-clock trading as regulators weigh how market structure changes could affect operations and risk management. The Commodity Futures Trading Commission says its Dec. 15 industry roundtable will examine whether derivatives markets can viably move to 24/7 trading across different asset classes.
Highlights
- CFTC will host a Dec. 15 roundtable in Washington to discuss 24/7 derivatives trading, tokenization, and related operational requirements.
- Chairman Selig emphasizes the CFTC will not impose a one-size-fits-all approach and seeks direct industry input on 24/7 market models for different asset classes.
- The event signals regulatory focus on trading hours, infrastructure, staffing, and resilience standards as industry moves toward continuous derivatives market operation.
Roundtable agenda and regulatory focus
As reported by CFTC, citing the Commodity Futures Trading Commission, the Dec. 15 roundtable is set to build on the agency's request for comment issued earlier this summer on 24/7 trading. The discussion is intended to provide a public forum on evolving derivatives market structures, including overnight trading, tokenization, infrastructure and staffing requirements, and broader operational readiness.CFTC Chairman Selig says the agency will not apply a one-size-fits-all approach to 24/7 trading and wants to hear directly from industry participants on how such a model could work across different asset classes. The commission says the event is designed to support responsible innovation while protecting market participants and preserving the integrity and resilience of U.S. derivatives markets.
Industry implications and public access
The roundtable is scheduled to take place at the CFTC's headquarters in Washington and will be open to the public, with a livestream available on CFTC.gov. The agency says information on the agenda, speakers and registration will be posted later, while in-person attendance may be limited and subject to security checks.Public engagement is also part of the process, with members of the public invited to submit speaker nominations by email. For derivatives firms, exchanges and market infrastructure providers, the session signals that the regulator is assessing not only trading hours but also the staffing, technology and resilience standards needed for any broader move toward continuous market operation.
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