CFTC Opens Equity Perps Trading and Gets Sued Hours Later
🚀 The CFTC has approved trading of perpetual futures tied to individual US stocks, allowing traders access to popular products without relying on offshore venues.
⚖️ A lawsuit has been filed by the Capital Markets Alliance, claiming the CFTC overstepped its authority and encroached on the SEC's jurisdiction regarding stock trading.
🔍 CFTC Chairman Michael Selig emphasized the importance of appropriate safeguards for these new financial instruments, linking the decision to a recent MoU aimed at improving coordination between the CFTC and SEC.
🚀 The CFTC has approved trading of perpetual futures tied to individual US stocks, allowing traders access to popular products without relying on offshore venues.
⚖️ A lawsuit has been filed by the Capital Markets Alliance, claiming the CFTC overstepped its authority and encroached on the SEC's jurisdiction regarding stock trading.
🔍 CFTC Chairman Michael Selig emphasized the importance of appropriate safeguards for these new financial instruments, linking the decision to a recent MoU aimed at improving coordination between the CFTC and SEC.