I am not a fan of 24/7 commodity trading. Most futures positions (hedging and speculation) are initiated on leverage. If the banks are closed and leveraged positions take enough heat, positions are unnecessarily subject to forced liquidation. This can ruin business hedges and potentially force some to turn the lights out because of a temporary market move in low volume.Javier Blas (@JavierBlas)The oil industry has come out strongly against proposals to extend oil trading to 24/7, with lobbying and public letters to the CFTC urging it to block round-the-clock trading (and mentioning huge problems with margin calls as a key issue).
— DeCarleyTrading.com (@carleygarner) Sep 15, 2026
A couple of the letters below:— https://x.com/JavierBlas/status/2099831095822893382
I am not a fan of 24/7 commodity trading. Most futures positions (hedging and speculation) are initiated on leverage. If the banks are closed and leveraged positions take enough heat, positions are unnecessarily subject to forced liquidation. This can ruin business hedges and potentially force some to turn the lights out because of a temporary market move in low volume.
Written on 09/15/2026