The CFTC clears perps on stocks and gets sued over it the same day "CFTC clears perpetual futures on stocks, bringing crypto's trading model to Wall Street. CFTC chair Michael…
Original source excerpt
The CFTC clears perps on stocks and gets sued over it the same day "CFTC clears perpetual futures on stocks, bringing crypto's trading model to Wall Street. CFTC chair Michael Selig said the move giv…
The CFTC clears perps on stocks and gets sued over it the same day "CFTC clears perpetual futures on stocks, bringing crypto's trading model to Wall Street. CFTC chair Michael Selig said the move gives US traders a regulated alternative to offshore and often unregulated venues." "Just zooming out, how insane it is that something that was created in crypto by Arthur Hayes over at BitMEX, perpetual swaps, is now coming to every stock near you. That's not something I had on my bingo card to ever happen." "It's not a crypto story, but it is a product that was created for crypto coming everywhere." "But of course, this is the real story: Cboe, Citadel Securities-backed group sues US regulators over single-stock perpetual futures. So Wall Street saw crypto's favorite trading product and immediately invented perpetual litigation."
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