ISDA, SIFMA, and SIFMA AMG submitted a joint response to CFTC's request for comment on 24/7 trading and clearing.
The feasibility of 24/7 trading and clearing needs to be evaluated holistically considering various interdependencies.
It is important to discuss potential impacts like liquidity, price transparency, collateral access, and default management during non-traditional hours.
Further engagement is encouraged between CFTC and market participants to closely examine these issues.