Update
CFTC Clears Perpetual Futures on Individual Stocks for U.S. Exchanges
The Commodity Futures Trading Commission (CFTC) has approved perpetual futures on individual stocks for trading on U.S.-regulated exchanges for the first time. This expansion allows Americans to use the product, which was previously only available on offshore crypto venues. The contracts, which are considered security futures products, may list on exchanges that hold both CFTC designated contract market registration and Securities and Exchange Commission (SEC) national securities exchange registration. The CFTC Chairman, Michael S. Selig, stated that this move will allow U.S. market participants to access the advantages of perpetual futures without needing to use unregulated offshore venues.