The Commodity Futures Trading Commission’s Division of Market Oversight issued a temporary no-action relief on October 5 allowing designated contract markets to convert certain broad-based security index futures into contracts with no expiration date. The relief, which expires on October 20, requires customer protection measures, advance notice and compliance with existing filing procedures. The CFTC had previously granted similar relief earlier this year for digital-commodity perpetual-style futures. This decision represents a notable shift in the agency’s approach to perpetual contract structures, which were popularized by offshore crypto markets but are now gaining recognition in regulated U.S. derivatives infrastructure.
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