The CFTC has approved stock-based perpetual futures under Regulation 40.3 for trading on exchanges registered with both the CFTC and SEC, though it did not name exchanges or a start date. Chairman Michael Selig said the move would let American traders use regulated venues rather than offshore, often unregulated ones. It follows September filings by Coinbase, Kalshi, Payward's Bitnomial and OG.com. The approach faces legal opposition: CME Group's Chicago Mercantile Exchange sued in June, arguing the contracts should be regulated as swaps and that the agency exceeded its authority. The CFTC moved in September to dismiss, arguing CME lacked standing because it had not shown financial harm.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Cointelegraph ↗
Keywords
Open a keyword to see other news on the same topic.
Related news
- CFTC Greenlights Perpetual Futures on U.S. Stocks
CFTC Chair Mike Selig announced that perpetual futures on individual U.S. stocks can now trade on CFTC-registered exchanges for the first time, classified as security futures under both CFTC and SEC oversight. The contracts were “deemed approved” under Commission Regulation 40.3 after the review window closed without objection, and only venues that are both CFTC-designated and SEC notice-registered can list them. Kalshi, Coinbase Derivatives and Bitnomial filed rules on Sept. 18; Kalshi's filing covers up to 58 contracts including Apple, Nvidia and Tesla, while Bitnomial's starter list has ten names, and no venue has announced a launch date. The filed contracts trade from Sunday evening to Friday afternoon ET with margin floors around 15%, or roughly 6.5x leverage, far below offshore platforms. SIFMA asked regulators to pause and take public comment, Better Markets called the products a gambling tool, and CME is still suing the CFTC, arguing perpetuals are swaps rather than futures.
- U.S. CFTC sets agenda for AI forum, exploring trading and agentic finance
The U.S. Commodity Futures Trading Commission released the agenda for its first “Frontier Forum” event, hosted by its Innovation Task Force on October 28, to discuss how AI may change U.S. derivatives markets. The session will look at how AI could affect price discovery and risk management, and will hear from leaders of firms including Ornn, Architect and Liquid Compute. Participants will also explore how traders’ own AI agents may operate under CFTC regulations. CFTC Chairman Mike Selig said super intelligence is poised to transform financial markets.
- CFTC Lets Traders Bet on Stocks With Crypto-Style Perpetual Futures
The U.S. Commodity Futures Trading Commission said equity perpetual futures, contracts tied to individual stocks with no expiration date, can now trade on CFTC-registered U.S. exchanges for the first time. These leveraged instruments have long been popular in crypto markets but were largely unavailable to U.S. traders until now. CFTC Chairman Michael Selig framed the move as part of a push to bring perpetual products onshore, following the agency's earlier clearance of Bitcoin perpetual futures for Kalshi this year. The stock contracts fall under joint CFTC and SEC oversight under a memorandum of understanding signed in March. Selig argued that regulated U.S. venues offer protections that offshore, often unregulated platforms lack.
- CFTC clears perpetual futures on stocks, bringing crypto trading model to Wall Street
- Your fridge could one day stake Ether, launch memecoins: CFTC chair
CFTC Chair Michael Selig said autonomous AI agents could challenge financial rules built around human traders, and regulators need to adapt. At the agency's inaugural Frontier Forum in Washington, he offered the example of a refrigerator buying groceries with money earned from staking Ether, or even launching its own memecoin. An eToro survey found that 79% of U.S. millennial investors and 77% of Gen Z investors already used or were open to using AI to select or adjust their investments. Selig raised questions about whether AI agent developers would need to register, who would be liable if an agent went rogue, and whether a new know-your-agent (KYA) standard is needed. He also said AI could help smaller traders access risk management tools, but agents could react unexpectedly, similar models could create correlated trading behavior, and the speed of autonomous transactions could complicate market surveillance.
- CFTC chief poses questions about policing AI but calls it a road to 'autonomous trading'
Related markets
Latest news
- S&P 500 is looking over the edge of a technical cliff — what happens if it falls off?
A J.P. Morgan strategist says that falling below 7,500 would lead to a dramatic increase in selling pressure and volatility. That could end in a full-blown correction.
- Alphabet's Free Cash Flow Just Turned Negative. Should Investors Sell the Stock Now?
Alphabet reported Q3 revenue up 25% to $127.6 billion, but free cash flow was negative $9.1 billion, the second straight quarter, as $51.4 billion in capital expenditures exceeded $42.3 billion in operating cash flow. The company also built inventory for its custom TPU systems and paid $5.2 billion tied to a 2018 European Commission fine. Trailing 12-month free cash flow remained positive at $19.7 billion, and cash and marketable securities totaled $265.1 billion, including $90.4 billion in equity investments. Operating income rose 30% to $40.6 billion, Google Cloud revenue reached $30.7 billion with a $561 billion backlog, and Search revenue grew 12% to $63.4 billion. The shares fell sharply after the report, and the article highlights monitoring Cloud margins, Search ad growth and free cash flow.
- JPMorganChase Files Form 10-Q for the Quarter Ended September 30, 2026
JPMorgan Chase & Co. (NYSE: JPM) has filed its Form 10-Q with the SEC for the quarter ended September 30, 2026. As of that date, the firm had $5.1 trillion in assets and $372 billion in stockholders' equity. The report is available on the SEC website and the firm's Investor Relations site.
- AMD stock jumps 7% on earnings as data center revenue nearly doubles
AMD reported third-quarter revenue up 45% to $13.38 billion, beating the $13.09 billion LSEG consensus, while adjusted EPS came in at $2.09 versus $1.95 expected. Data center sales nearly doubled and now account for 64% of total revenue, up from 47% a year earlier, driven by demand for server CPUs that power agentic AI apps. The stock rose 7% in extended trading after recent losses. Its PC and gaming segment fell 8% to $3.7 billion, with gaming revenue down 40%. For the fourth quarter, AMD expects about $17 billion in revenue, above the $16.2 billion analyst average.
- Nvidia vs. SK Hynix: Comparing Quarterly Revenue Trajectories
The article compares quarterly revenue trends for Nvidia (NVDA) and SK Hynix (SKHY) over the last 8 quarters. Nvidia's sales have grown rapidly, driven by GPUs for AI data centers, and it forecast sales of about $108 billion in its fiscal third quarter; it also agreed to supply additional GPUs to AWS. SK Hynix's revenue surged this year on soaring demand and high average selling prices for high-bandwidth memory (HBM) used in AI processors, though the company is ramping HBM output, which could eventually push prices down. SK Hynix also began shipping its latest HBM products, showcased tenth-generation flash memory, and faces a suspended IPO for its U.S. unit Solidigm and an ongoing antitrust class action. Its shares have fallen from a 52-week high of $199.87, and Wall Street has been cautious about the stock.
- CrowdStrike Launches AI Agent 'Kill Switch,' Plans to Acquire Fiddler AI
CrowdStrike launched an AI Kill Switch that lets administrators block unauthorized AI agents through a gateway, with direct endpoint termination planned later. The company also agreed to acquire Fiddler AI, reportedly valued at roughly $400 million, to monitor agent behavior and explain automated decisions. The tools aim to give enterprises more control over AI agents that can access corporate systems and act without constant human supervision. The Fiddler deal is expected to close in the fourth quarter of fiscal 2027, which ends January 31, 2027, and will be paid mainly in cash.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.