ICE and Trade[XYZ] Pursue U.S. Market for Perpetual Contracts

Intercontinental Exchange (ICE) and Trade[XYZ] agreed Oct. 29 to pursue a U.S.-regulated market for perpetual contracts, but their plan does not establish whether Anthropic-linked ANT would be included or when trading could begin. ICE would be the sole operator of the planned markets and seek regulatory approvals for their trading and clearing framework. Those requests would include clearance for leveraged products. The agreement identifies no specific contracts for the U.S. venue. ICE Chair and CEO Jeffrey C. Sprecher said, “Together with Trade[XYZ], and subject to regulatory approvals, we intend to bring these markets into a U.S.