TRADING HOURS, DAYS, WEEKS…& CFTC RELEASE NO. 9068-25!


Trading 24 hours…365 days a year…it’s up once again!


The use of the clocks and spiralling clockfaces in the artwork for this article is very appropriate! In mid-April this year, the Commodity Futures Trading Commission (the ‘CFTC’), an agency of the U.S. Government that regulates many derivative markets in the United States, released a public comment document (number 9068-25) on the potential uses, benefits & risks of trading on a 24-hour, 7 day a week basis in the derivative markets, the ones that the CFTC regulates. It requested interested parties to comment on the implications of moving to such a basis, including the effects on trading, clearing trades & risk management. It also recognised the risks for associated clearing systems, market integrity, customer protection & retail trading. The comment period is now over…but as Acting Chairman of the CFTC said ‘As I have long said, the CFTC must take a forward-looking approach to shifts in market structure to ensure our markets remain vibrant and resilient while protecting all participants. One evolving trend is the move to 24/7, 24/6, or 24/5 trading hours. I look forward to the public comments on this market innovation.’1


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‘WHILE AUTO-LIQUIDATION MAY BE A USEFUL RISK MANAGEMENT TOOL IN CERTAIN CASES, IT IS NOT AN APPROPRIATE SOLUTION FOR DERIVATIVES MARKETS.’


1 Finance Magnates > Retail FX (22nd April 2025)


13 | ADMISI - The Ghost In The Machine | Q2 Edition 2025


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