CFTC allows single-stock perpetual futures to be listed on U.S. exchanges, with leverage of up to 10x
Single-stock perps cleared in the US as watchdog calls them “another gambling product”
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CFTC announced that single-stock perpetual futures, called “Equity Perps,” may be listed on U.S. exchanges, but the exchanges must also register with the SEC as national securities exchanges eligible to trade security futures products. CFTC will start with leverage of up to 10x. The products have no expiration date and settle through periodic funding payments. Better Markets believes their leverage could magnify losses for retail investors, and debate continues over whether these contracts should be classified as futures or swaps.
The material covers the dual regulatory requirements for listing, leverage of up to 10x, and the debate over classification as futures or swaps, helping explain the product’s accessibility and regulatory boundaries.
Source:Cryptopolitan · cryptopolitan.com