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. Perpetual futures on individual stocks can begin trading on U.S.-regulated exchanges for the first time, the Commodity Futures Trading Commission said Tuesday, extending a product that was confined to offshore crypto venues a year ago into the equity market. In a statement , CFTC Chairman Michael S. Selig said the contracts, which he called “Equity Perps,” were deemed approved under Commission Regulation 40.3 as security futures products.