CME Group Plans to Launch WTI Crude Oil and Gold Contracts Supporting Round-the-Clock Trading

Odaily reported that the Chicago Mercantile Exchange Group (CME Group) has announced plans to launch gold and WTI crude oil futures products that will be available for trading 7 days a week, 24 hours a day, to meet global investors' demand for round-the-clock markets. It is reported that the CME will launch Micro WTI Crude Oil Futures contracts on August 30, with each contract sized at one-tenth of the standard WTI Crude Oil futures contract. Additionally, a 1-ounce Gold futures contract is planned to support 24/7 trading starting July 26. However, these products are still subject to regulatory approval. They will be listed for trading on the New York Mercantile Exchange (NYMEX) and COMEX, a gold market under the NYMEX, respectively, and will be settled in cash. (Bloomberg)