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BlockBeats News, June 12th, the Chicago Mercantile Exchange (CME) announced that, following regulatory approval, it will provide 24/7 trading for new, smaller-sized crude oil and gold contracts. The new crude oil contract will be one-tenth the size of CME's existing Micro WTI Crude Oil futures contract and is set to launch on August 30th. Trading for the company's existing 1-ounce Gold futures contract will go 24/7 starting on July 26th.
CME Group's Global Head of Commodity Markets, Derek Sammann, stated: "In the face of geopolitical uncertainty, we offer properly-sized, 24/7 available regulated products that ensure traders can manage risk exposure at any time news breaks."
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