CME Looking at Changing Trading Hours Again
Based on customer feedback and a formal survey of market participants – CME Group Inc. has decided to reduce trading hours for its grain and oilseed futures and options contracts. This will reverse the decision made last year to extend electronic trading hours from 17 to 21 hours each day. According to a letter to CME customers – more specifics will be released in the coming weeks. The exchange is vetting alternatives because there were varying opinions on what the reduced hours should be. There is also an indication that CME Group supports a market pause during the release of USDA reports. The CME Group says it understands the frustration of many of its customers – and is open to considering a market pause allowing participants to evaluate the data if all exchanges and trading venues would do the same.