In a letter filed with the Commodity Futures Trading Commission (CFTC) today, the FIA Principal Traders Group (FIA 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.
FIA 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.
