Cboe and Citadel backed group sues CFTC over US stock perpetual futures approval
Photo: Crypto Briefing
The Capital Markets Alliance argues that perpetual derivatives tied to individual stocks fall under SEC jurisdiction rather than the CFTC's authority. The Capital Markets Alliance, an industry group backed by Cboe and Citadel Securities, filed a federal lawsuit Tuesday challenging the Commodity Futures Trading Commission’s approval of perpetual derivatives tied to individual US stocks. The lawsuit, filed in the US District Court for the Southern District of New York, seeks to overturn the approvals and prevent the CFTC from allowing the contracts to trade while the case proceeds.
Source: Crypto Briefing
