CFTC’s Selig Says Perpetual Futures on Individual Stocks Can Now Trade in the US
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CFTC Chairman Michael Selig said perpetual futures on individual stocks can now trade in the US after the contracts were deemed approved as security futures under joint CFTC and SEC oversight. Selig's statement named no exchange, underlying stock or launch date, leaving the market without a confirmed venue or timeline. The approval matters because it opens a derivatives structure long associated with crypto to single-name US equities under the dual-agency framework. Watch for the first exchange to list a contract, which stocks are offered and how the SEC and CFTC divide supervision.
Muhabbit's AI wrote this summary in its own words from Unchained's report. It can get details wrong, so check the source.
Named in this story
CFTC, Michael Selig, SEC