Cboe Joins Lawsuit Challenging CFTC Approval of Single-Stock Perpetual Derivatives

TechFlow news, November 4: According to a Cboe announcement, Cboe has joined a lawsuit initiated by the Capital Markets Association (CMA) challenging the U.S. Commodity Futures Trading Commission (CFTC) approval of perpetual derivatives on U.S. stocks and ETFs and seeking injunctive relief. CMA members include Cboe, Citadel Securities, and Healthy Markets Association.

Cboe Chief Executive Officer Craig Donohue believes that securities-related products should be traded on registered securities platforms and be subject to investor protections and regulatory oversight under U.S. securities laws. Previously, the CFTC announced that single-stock perpetual futures may begin trading on qualifying U.S. exchanges.

Source: TechFlow