CME Shelves Proposed 24/7 Crude Oil Futures Contract
CME Group shelved the proposed contract mainly because commercial clients were unwilling to staff weekend trading desks, CEO Terry Duffy said.
By Pritam Biswas and Utkarsh ShettiCME Group NASDAQ:CME shelved its proposed 24/7 crude oil futures contract mainly because commercial clients were unwilling to staff weekend trading desks, CEO Terry Duffy said, while warning that the lack of such markets was driving participants to illicit offshor…