BlockBeats News, June 23, the U.S. Commodity Futures Trading Commission (CFTC) issued a Request for Information seeking public comment on two key developments in the energy derivatives market: extending the trading hours of standard futures contracts to 24/7 and potentially listing perpetual contracts for physically settled or storable energy commodities, such as crude oil.

CFTC Chairman Michael S. Selig stated that as registered entities extend trading hours and introduce new contract designs, a clear, data-driven record will help the Commission better understand the impacts of these developments on the market. This Request for Information reflects the CFTC's commitment to supporting responsible innovation while maintaining protective measures against manipulation and market disruption.

This Request for Information focuses on two sets of issues. The first set involves extending standard futures contracts, including energy futures, to 24/7 trading without changing their fixed expiration dates and making significant economic changes to the delivery or settlement terms. The second set involves perpetual contracts for physically settled or storable energy commodities.

The CFTC stated that it will use the information and comments received to enhance its understanding of the relevant market developments. Public comments must be submitted in writing and delivered within 30 days after the publication of this Request for Information in the Federal Register.