CFTC Seeks Input on 24/7 Futures, Energy Perpetuals Trades

The Commodity Futures Trading Commission asked for public input on both perpetual contracts and 24/7 trading for traditional energy derivatives, after industry heavyweights raised concerns about offshore platforms and excessive levels of risk.

“As registered entities extend trading hours and introduce new contract designs, a clear, data-driven record will help the Commission better understand these developments’ implications and impact in the market,” Chairman Michael Selig said in a statement Monday.

The agency noted that the two matters were “distinct but related” given the growth in trading of so-called perps, which are a type of derivatives contract without a fixed expiration ...