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

32 organizations filed 36 public comments on 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, at the CFTC. The comment window closed 25d ago.

Abstract

The Commodity Futures Trading Commission (Commission or CFTC) is requesting public comment on two distinct but related matters arising from recent developments in energy derivatives markets. The first is the extension of standard futures contracts to 24/7 trading, without any change to the contracts' fixed expiration, delivery, or settlement terms. The second is the listing of perpetual contracts that reference physically delivered or storable energy commodities, such as crude oil. The Commission seeks comment on the implications of each matter for the reliability and manipulation-resistance of reference prices, market surveillance and operational readiness, the federal speculative position-limits regime, margin, clearing, and settlement, customer protection, and effects on the underlying physical markets and the commercial participants that rely on them.

Commenters (32)

• VeloxVFX LLCunverified attribution

  3 filings · confidence 70%
• dYdX Trading Inc. dba dYdX Labsunverified attribution

  2 filings · confidence 70%
• Meeting with Energy Roundtabletrade assoc.

  2 filings · confidence 85%
• American Cotton Shippers Associationtrade assoc.

  1 filing · confidence 85%
• American Petroleum Institutetrade assoc.

  1 filing · confidence 97%
• ANEA - Brazilian Cotton Shippers Associationtrade assoc.

  1 filing · confidence 85%
• Australian Cotton Shippers Associationtrade assoc.

  1 filing · confidence 85%
• BP Products North America Inc.unverified attribution

  1 filing · confidence 70%
• Brazilian Cotton Exporters Associationtrade assoc.

  1 filing · confidence 85%
• CME Group Inc.unverified attribution

  1 filing · confidence 70%
• Committee of Chief Risk Officerstrade assoc.

  1 filing · confidence 85%
• Commodity Markets Counciltrade assoc.

  1 filing · confidence 85%
• Crypto Council for Innovationtrade assoc.

  1 filing · confidence 85%
• Douro Labs LLCunverified attribution

  1 filing · confidence 70%
• Energy Infrastructure Council & Liquid Energy Pipeline Associationtrade assoc.

  1 filing · confidence 85%
• Futures Industry Associationtrade assoc.

  1 filing · confidence 85%
• GGBR Inc.unverified attribution

  1 filing · confidence 70%
• Intercontinental Exchange Inc. ("ICE")unverified attribution

  1 filing · confidence 70%
• International Council for Derivative Tradingtrade assoc.

  1 filing · confidence 85%
• International Energy Credit Associationtrade assoc.

  1 filing · confidence 85%
• Investment Company Institutetrade assoc.

  1 filing · confidence 85%
• JMA Energy Company LLCunverified attribution

  1 filing · confidence 70%
• Kalshi Inc.unverified attribution

  1 filing · confidence 70%
• Meeting of Energy Roundtabletrade assoc.

  1 filing · confidence 85%
• Meeting with Marathon Petroleum Corporationunverified attribution

  1 filing · confidence 70%
• Monolith Institutional LLCunverified attribution

  1 filing · confidence 70%
• National Corn Growers Associationtrade assoc.

  1 filing · confidence 97%
• National Council of Farmer Cooperativestrade assoc.

  1 filing · confidence 85%
• National Grain and Feed Associationtrade assoc.

  1 filing · confidence 85%
• Options Clearing Corporationunverified attribution

  1 filing · confidence 70%
• The Digital Chambertrade assoc.

  1 filing · confidence 85%
• Veerpoint Capital LLCunverified attribution

  1 filing · confidence 70%