PTG responds to CFTC request for comment on 24/7 trading and clearing

In a letter filed with the Commodity Futures Trading Commission (CFTC) today, the PTG encouraged the CFTC to confer with the industry through roundtables and other open forums before making a determination to permit widespread 24/7 trading.

PTG noted that while they are supportive of innovation, the process for extending trading hours should be thoughtful and collaborative, and the appropriateness of doing so will depend on market-specific factors. They urged the CFTC to consider potential options for moving collateral during extended hours as well as additional operational, technological, and risk management challenges.

Read the full letter: