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Market Incident

Public · Developing

AI compiled from Infoway · 3 analyzed stories

CFTC approves individual stock perpetual futures trading in US for the first time

The Commodity Futures Trading Commission approved U.S. exchanges to offer perpetual futures contracts tied to individual stocks for the first time, with CFTC Chair Michael Selig announcing the move on Tuesday.

Published:

Updated:

What happened

The US Commodity Futures Trading Commission approved US exchanges to offer perpetual futures tied to individual stocks for the first time. An industry group backed by Cboe and Citadel Securities sued to block the move. Coinbase, Kalshi, Payward and others asked to support the regulator in court.

Global impact / market context

The approval opens a route for these contracts to be offered on properly registered commodity markets. The lawsuit challenges the regulator’s authority to allow them, while the request to support the regulator shows that some firms back its position. The court outcome could affect whether these contracts can be offered.

What to watch

  1. Check whether the court allows Coinbase, Kalshi, Payward and the other firms to file their supporting brief; this shows whether their arguments will be presented in the case.
  2. Check how the court responds to the lawsuit seeking to block the contracts; this may determine whether the approval stands.
  3. Check whether properly registered commodity markets begin offering the contracts; this shows whether the approval leads to trading.

Affected assets

  • Cboe Global Markets
  • Citadel Securities
  • Single-stock perpetual futures contracts

Evidence