CFTC Chairman Selig Says Equity Perpetual Futures Can Begin Trading

CFTC Chairman Michael S. Selig said Nov. 3 that perpetual futures tied to individual equity securities can begin trading on eligible U.S. venues, bringing the products within the country’s regulated derivatives markets. Eligible venues must be designated contract markets registered with the CFTC and dually registered with the SEC as notice-registered national securities exchanges to trade security futures products. Selig said regulated access would let U.S. investors and traders use the contracts for risk management and price discovery, rather than turn to offshore venues he described as often unregulated.

Source: TokenPost