CFTC’s Selig Says Perpetual Futures on Individual Stocks Can Now Trade in the US
By Unchained
AI summary of the source article
CFTC Chairman Michael Selig announced that perpetual futures on individual stocks can now trade on U.S.-regulated exchanges. The contracts were deemed approved under Regulation 40.3 and are subject to joint CFTC and SEC oversight as security futures products.
Why it matters
Selig stated the move carries perps "beyond digital commodities and into traditional securities" and lets U.S. traders use them at home "rather than being forced to turn to offshore, and often unregulated, venues."
Key facts
- CFTC Chairman Michael Selig stated perpetual futures on individual stocks can now trade on CFTC-registered exchanges notice-registered with the SEC.
- The contracts are classified as security futures products approved under Regulation 40.3, falling under joint CFTC and SEC oversight.
- The CFTC previously approved Kalshi's bitcoin perpetual contract in May, while Coinbase, Kalshi, and Bitnomial have submitted proposals for stock perps.
Source excerpt · Unchained
Chairman Michael Selig said the contracts were deemed approved as security futures under joint CFTC and SEC oversight, though his statement named no exchange, stock or start date. The post CFTC’s Selig Says Perpetual Futures on Individual Stocks Can Now Trade in the US appeared first on Unchained .