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CFTC chairman says stock perpetual futures can start trading on eligible exchanges

Eligible venues must have both CFTC designation and SEC registration permitting security futures trading.

Illustration of stock charts and a futures trading screen
Illustration: Globe And Street

U.S. exchanges meeting dual-registration requirements can now introduce perpetual futures linked to individual stocks, CFTC Chairman Michael S. Selig said on November 3, 2026. His announcement allows those contracts to begin trading for the first time.

The venues must be designated contract markets under the Commodity Futures Trading Commission and hold Securities and Exchange Commission registration as notice-registered national securities exchanges permitted to offer security futures products.

Selig said access through CFTC-regulated markets would give American investors and traders an alternative to offshore venues, which he described as often unregulated. He said perpetual futures had become widely sought instruments for risk management and price discovery.

He pointed to the Commodity Futures Modernization Act of 2000 and the CFTC-SEC Memorandum of Understanding as the foundation for the products. Selig attributed earlier uncertainty surrounding security futures and equity perpetual futures to poor coordination between the regulators, saying both agencies were committed to clearer rules and a route to market.

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Ananya Iyer

Economy & Policy Editor

Edits and reviews stories on the economy and economic policy: growth, inflation, jobs, central banks, the IMF and World Bank, fiscal and trade policy, and regulators' rules.