CME Group plans to launch WTI crude oil and gold contracts supporting round-the-clock trading

Odaily Planet Daily News: The Chicago Mercantile Exchange Group (CME Group) announced plans to launch gold and WTI crude oil futures products that trade 24 hours a day, 7 days a week, to meet global investors' demand for around-the-clock markets. It is reported that CME Group 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. The 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, the metals market under NYMEX, respectively, and will be cash-settled. (Bloomberg)