NYSE parent ICE plans to partner with Trade.xyz to launch a perpetual futures market in the U.S.

TechFlow News, October 29 — According to Bloomberg, Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is partnering with Trade.xyz and plans to launch perpetual futures products in a regulated U.S. market. The two parties intend to build a new perpetual futures trading market with independent clearing, KYC and anti-money laundering systems, subject to regulatory approval.

The market is planned to operate on Hyperliquid's infrastructure and feature Trade.xyz products linked to equity, stock index, commodity and foreign exchange prices. As part of the partnership, ICE will also invest in Trade.xyz, though the parties did not disclose specific investment terms. Trade.xyz has previously extended the perpetual contracts model on Hyperliquid to traditional assets such as crude oil and stock indices.

Source: TechFlow