BREAKING: CFTC CHAIRMAN SELIG SAYS PERPETUAL FUTURES ON INDIVIDUAL STOCKS "CAN BEGIN TRADING FOR THE FIRST TIME ON CFTC-REGISTERED EXCHANGES" TODAY

The CFTC Chairman stated that perpetual futures on individual stocks can begin trading for the first time on CFTC-registered exchanges today. Perpetual futures differ from standard futures in that they carry no expiration date, with funding payments exchanged between long and short holders to keep the contract price anchored to the underlying spot price, a structure that has previously been confined largely to crypto venues. The development introduces a new derivatives channel for single-stock equity exposure, potentially shifting speculative and hedging flows from traditional cash equities and listed options toward regulated perpetual contracts, with the most direct exposure falling on exchange operators, brokerages, and the high-volume single-name equities likely to be listed first. Traders should watch the initial contract listings and open interest and volume data from the first sessions, along with any accompanying CFTC guidance on margin, position limits, and funding-rate mechanics, as these will indicate how quickly liquidity migrates into the new instruments.

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