CFTC Opens U.S. Stock Market to Equity Perpetual Futures
By Micah Zimmerman
AI summary of the source article
The Commodity Futures Trading Commission announced that perpetual futures on individual stocks can now trade on U.S.-regulated exchanges as security futures products, extending a structure previously confined mainly to offshore crypto venues.
Why it matters
CFTC Chairman Michael S. Selig stated the expansion allows participants "to avail themselves of the advantages of perpetual futures" within a U.S. framework so Americans no longer need to "turn to offshore, and often unregulated, venues."
Key facts
- CFTC deemed single-stock perpetual futures approved under Commission Regulation 40.3 as security futures products.
- Contracts can list on exchanges holding CFTC designated contract market registration and SEC notice registration as national securities exchanges.
- The CFTC statement did not name specific exchanges, list approved contracts, or set a launch date.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine CFTC Opens U.S. Stock Market to Equity Perpetual Futures The CFTC has cleared perpetual futures on individual stocks to trade on dual-registered U.S. exchanges for the first time. This post CFTC Opens U.S. Stock Market to Equity Perpetual Futures first appeared on Bitcoin Magazine and is written by Micah Zimmerman .