Bloomberg: CMC urges CFTC to hold off on approving Kalshi's proposed perpetual oil futures contract

PANews October 23 news, according to Bloomberg, the Commodity Markets Council (CMC), which represents derivatives exchanges and traders including CME Group Inc., told the U.S. Commodity Futures Trading Commission (CFTC) that perpetual futures pose significant risks to market integrity and urged the CFTC to block Kalshi's proposed crude oil perpetual futures contract. Kalshi earlier this month launched a WTI crude oil futures contract that trades five days a week with a 10-year term, and on Tuesday applied to launch a perpetual contract with no expiration date.

PANews October 23 news, according to Bloomberg, the Commodity Markets Council (CMC), which represents derivatives exchanges and traders including CME Group Inc., told the U.S. Commodity Futures Trading Commission (CFTC) that perpetual futures pose significant risks to market integrity and urged the CFTC to block Kalshi's proposed crude oil perpetual futures contract. Kalshi earlier this month launched a WTI crude oil futures contract that trades five days a week with a 10-year term, and on Tuesday applied to launch a perpetual contract with no expiration date.