‘The new frontier of finance is built in the United States of America’
The United States Commodity Futures Trading Commission has approved the trading of single-stock perpetual futures contracts on United States exchanges, paving the way for 24-hour stock trading. Following the decision, an industry group backed by Cboe and Citadel Securities filed a lawsuit challenging the single-stock perpetual derivatives approval. Proponents view the move as building a new frontier of finance in the United States, while critics such as Better Markets argue that the products function as gambling tools.
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- ✓ The United States Commodity Futures Trading Commission approved trading on United States stock perpetuals contracts.
- ✓ An industry group backed by Cboe and Citadel Securities filed a lawsuit challenging the regulatory approval of single-stock perpetual derivatives.
- ✓ Better Markets criticized single-stock perpetual futures as a gambling product.
What changed
The Commodity Futures Trading Commission approved single-stock perpetual futures contracts on United States exchanges, immediately triggering a lawsuit from a Cboe and Citadel Securities-backed group.
Live updates
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US Approves Stock Perpetuals as Industry Group Sues Regulator
The United States Commodity Futures Trading Commission has approved the trading of single-stock perpetual futures contracts on United States exchanges, paving the way for 24-hour stock trading. Following the decision, an industry group backed by Cboe and Citadel Securities filed a lawsuit challenging the single-stock perpetual derivatives approval. Proponents view the move as building a new frontier of finance in the United States, while critics such as Better Markets argue that the products function as gambling tools.
Why it matters
The introduction of single-stock perpetual futures brings continuous 24-hour trading mechanics typically seen in crypto markets to traditional equities. This regulatory clearance marks a significant shift in American market structure, drawing immediate legal pushback from established market participants who question the oversight and stability of perpetual derivatives.
What is confirmed
- The United States Commodity Futures Trading Commission approved trading on United States stock perpetuals contracts.
- An industry group backed by Cboe and Citadel Securities filed a lawsuit challenging the regulatory approval of single-stock perpetual derivatives.
- Better Markets criticized single-stock perpetual futures as a gambling product.
What to watch next
- Court decisions on the Capital Markets Alliance lawsuit against the Commodity Futures Trading Commission
- Implementation timelines for 24-hour stock trading on United States exchanges
confidence 95%Sources used for this update (24)
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- news.google.com — Google News
- Financial Times — ‘The new frontier of finance is built in the United States of America’
- Reuters — Cboe, Citadel Securities-backed group sues US regulator over single-stock 'perps'
- Bloomberg.com — Trading on US Stock Perpetuals Contracts Is Approved by CFTC
- MarketWatch — U.S. clears path for first regulated equity perpetual futures
- Business Wire — Capital Markets Alliance Files Suit Challenging CFTC Approval of Single-Stock Perpetual Derivatives
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