Lates News

The Chicago Mercantile Exchange (CME) announced that after obtaining regulatory approval, it will provide trading services for new, smaller-sized crude oil and gold contracts 24 hours a day, 7 days a week (7*24). The new crude oil contract will be one-tenth of the size of CME's existing E-mini WTI crude oil futures contract and will launch on August 30th. Trading for the company's existing 1-ounce gold futures contract will begin on July 26th. Derek Sammann, Global Head of Commodities Markets at CME, said, "In the face of geopolitical uncertainty, we provide appropriately sized, 24/7 regulated products to ensure that traders can manage risk exposure at any time news occurs."