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 a micro WTI crude oil futures contract on August 30, with a product size one-tenth that of the existing WTI crude oil futures contract. The 1-ounce gold futures contract is planned to support 24/7 trading starting July 26. However, the relevant products still need to receive regulatory approval. They will be listed for trading on the New York Mercantile Exchange (NYMEX) and the New York Mercantile Exchange's gold market (COMEX), respectively, and will be cash-settled. (Bloomberg)