The Commodity Futures Trading Commission has authorized perpetual futures on individual stocks to trade for the first time on regulated U.S. exchanges. The products, deemed to be security futures, must be launched by exchanges registered with both the CFTC and the SEC. The statement does not identify an exchange, list any contracts or set a launch date, with those details expected to come from the designated contract markets. The approval follows the CFTC’s clearance of Kalshi’s first U.S.-listed bitcoin perpetual in May and comes as CME Group challenges the classification of these products as swaps rather than futures.
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