The Commodity Futures Trading Commission has ended its long-standing settlement "gag rule," allowing firms and individuals that settle enforcement cases to publicly dispute or criticize allegations. The move aligns the derivatives regulator with the Securities and Exchange Commission, which abolished a similar policy last month, and applies to both future and existing settlements.

CME Group CEO Terry Duffy has criticized perpetual futures, arguing the contracts encourage speculative trading rather than hedging and are ill-suited to many traditional asset classes. His comments come as US regulators open the door to regulated crypto perpetuals, a move that has raised concerns among incumbent exchanges over market structure and risk.

Power trading firms are increasingly integrating intraday and longer-dated trading activities as renewable-driven volatility shifts toward shorter time horizons, according to industry leaders at an energy summit. This trend is forcing energy traders to break down traditional silos to better manage the volatility introduced by renewable energy sources.

Intercontinental Exchange saw a 35% year-on-year increase in average daily volume for derivatives in May, driven by a surge in equity derivatives trading.

Cboe Global Markets reported record options trading activity in May, with its four US options exchanges reaching a monthly average daily volume of 22 million contracts. The surge, driven by strong retail and institutional demand for derivatives and extended trading hours, reflects a broader trend toward near-continuous trading.

ICE Futures Europe has launched Tona-linked futures, joining exchanges in Osaka, Tokyo and Singapore competing for liquidity in Japan's short-term rates market. The move reflects growing investor demand for instruments tied to Japanese interest-rate expectations as the BOJ continues policy normalization.

Charles Schwab has introduced nearly 24/7 trading for bitcoin futures on its thinkorswim platform, marking its first around-the-clock product. This move follows the launch of Schwab Crypto, a spot trading service for retail clients.

Societe Generale is preparing to launch its first systematic equity dispersion strategy, adding a product widely offered by major US banks to its QIS platform. The move is aimed at expanding the bank's equity derivatives offering, with a new single-stock options index serving as the foundation for future dispersion products.

The Gas Market Task Force, established by the European Commission in 2025, has recommended stronger monitoring and oversight of algorithmic trading in the EU gas derivatives market. Despite severe volatility, the task force found that market concentration does not threaten stability. The task force's report highlights the need for better data sharing and enhanced surveillance tools to ensure market resilience.

The Federal Reserve's new supervisory framework has led to a significant increase in the number of large banks considered well-managed, according to the latest Fed supervision and regulation report. About 80% of banks with assets exceeding $100 billion are rated as well-managed, up from 60% a year earlier and 40% in 2024. The report also detailed emerging risks, such as the rapid growth of lending to nonbank financial institutions.

The upcoming European Union Emissions Trading System reform has prompted carbon traders to reassess their risk management strategies, with GEN-I Head of Trading Domen Nahtigal highlighting the political sensitivity of carbon pricing and the importance of policy scenarios at the Energy Trading Leaders Summit. Key areas under review include the Market Stability Reserve, Article 29a and free allocation benchmarks, with the potential to limit extreme price spikes and tighten allocations for industry.