Fed approves expanded CME Group hours
Category: Policy
(Agriculture.com) – The Commodity Futures Trading Commission has approved CME Group Inc.’s (CME) proposal to expand electronic grain futures trading to 21 hours per day, up from the current 17-hour schedule, the exchange announced Friday.
CME submitted the request Thursday, replacing a prior request for a 22-hour trading day that the exchange withdrew amid opposition.
In its new request Thursday, CME asked the CFTC to waive a waiting period of 10 business days that it typically requires before such changes can take effect.
