Equity perpetual futures get CFTC clearance for first US trading

The CFTC has cleared the first perpetual futures contracts tied to individual stocks for trading on eligible US exchanges, bringing the crypto market’s no-expiration contract structure into regulated American equity derivatives markets. Summary Equity perpetual futures have been deemed approved under the CFTC’s product review process. Eligible exchanges must hold CFTC designation and SEC registration for security futures trading. Kalshi’s proposed rules set a 15.50% margin floor and 23-hour weekday trading. The contracts fall under both federal securities laws and the Commodity Exchange Act. The Commodity Futures Trading Commission announced the clearance on Nov. 3, with Chairman Michael Selig confirming that stock-linked perpetual contracts can begin trading on qualifying domestic venues. “Today, perpetual futures contracts on individual equity securities (the ‘Equity Perps’) can begin trading for the first time on CFTC-registered exchanges,” Selig said. Equity perpetual futures enter joint SEC-CFTC oversight In his accompanying statement, Selig said the contracts were deemed approved under Commission Regulation 40.3 as security futures products under the Commodity Futures Moderni...