CFTC Wants More Input on Nonstop Trading and Eternal Energy Contracts
Published Date: 7/28/2026
Proposed Rule
Summary
On June 25, 2026, the Commodity Futures Trading Commission ("Commission" or "CFTC") published in the Federal Register a request for comment ("RFC") titled "Request for Comment on the Extension of Standard Futures Contracts to 24/7 Trading and on Perpetual Contracts Referencing Physically Delivered or Storable Energy Commodities." The comment period for the RFC was set to close on July 27, 2026. The Commission is extending the comment period for this RFC by an additional thirty days. In addition to the questions set forth in the RFC, the Commission is further requesting comment on the self- certified 24/7 oil contract listed by Chicago Mercantile Exchange's ("CME's") New York Mercantile Exchange, Inc. ("NYMEX") on July 8, 2026 and that the Commission stayed on July 9, 2026.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 1 costs, 1 mixed.
CFTC Seeks Comments on 24/7 Futures and Perpetuals
On June 25, 2026 the CFTC asked for public comment about extending standard futures contracts to trade 24 hours a day, 7 days a week and about perpetual contracts that reference physically delivered or storable energy commodities. The Commission asked for comments on effects including reference‑price reliability and manipulation, market surveillance, speculative position limits, margin/clearing/settlement, customer protection, effects on physical energy markets and the timeline, steps, and investments needed for operational readiness.
NYMEX 24/7 WTI Contract Stayed
The CFTC stayed the listing of NYMEX’s self‑certified 10‑Barrel WTI Crude Oil Futures contract that NYMEX listed on July 8, 2026. The Commission stayed the listing on July 9, 2026 while it examines whether extending that standard futures contract to 24/7 trading is consistent with core principles.
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