Brind.

CFTC Approves Equity Perps for Trading on US Regulated Exchanges

3 reports, 2 independent Updated Wed 00:00
Still developing Reached 3 outlets in its first 24 hours
Reports
3
Developments
2
Repetition
33%

New informationRepeats or wire copies

AI-generated briefing. Brind wrote this from the reports listed below and has updated it as the story developed. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 2 outlets

CFTC Chairman Michael S. Selig announced that perpetual futures tied to individual US stocks, branded Equity Perps, are approved for trading on American regulated exchanges. These contracts are deemed security futures products under Commission Regulation 40.3. The approval extends the CFTC's previous decision on digital commodities into traditional securities.

From insidebitcoins.com

Why it matters

Some supportBrind's analysis of the reports

The new rules require that Equity Perps list only on exchanges registered with both the CFTC and the SEC. This expansion provides U.S. market participants with new advantages in perpetual futures trading. However, the framework remains legally contested due to a pending lawsuit filed by CME Group.

From insidebitcoins.com

Who's involved

  • Michael S. SeligCFTC Chairman who issued the announcement regarding the new futures trading rules
  • Securities and Exchange CommissionGovernment agency whose registration is required for exchanges handling the new security futures
  • NasdaqAmerican fully electronic stock exchange that must register to host the new Equity Perps
  • ProSharesCompany that could benefit from the expansion of stock-backed perpetual futures products

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • Securities and Exchange CommissionSpeculative

    The Securities and Exchange Commission might face increased regulatory costs associated with mandatory exchange registration

  • NasdaqSpeculative

    Nasdaq could see changes in trading volume and revenue as it registers to host the new Equity Perps

  • ProSharesSpeculative

    ProShares might expand its product offerings and increase investment opportunities in the derivatives market

How it developed

Newest first. Tap a step to see who reported it.
  1. Selig announced new futures trading rules and mandatory SEC registration for exchanges.1 source
  2. Institute begins offering perpetual futures trading on designated markets.1 source

Keep exploring

The entities involved

Coverage

Newest first; wire copies grouped
1 more outlet ran the same wire story