On the 3rd, CFTC Chairman Selig announced in a statement that trading of perpetual futures, a type of futures contract without an expiration date, on individual stocks can begin for the first time on a CFTC-registered exchange. The eligible exchanges are those designated contract markets by the CFTC, which are also registered with the US Securities and Exchange Commission (SEC) as national securities exchanges handling securities futures products.
In his statement, Chairman Selig noted that perpetual futures offer risk management and value...
