The U.S. Securities and Exchange Commission (SEC) has submitted a brief to the federal court in New York, supporting the approval of perpetual futures for individual stocks, as sanctioned by the U.S. Commodity Futures Trading Commission (CFTC), in an ongoing lawsuit.
The Capital Markets Alliance, which includes members such as the exchange Cboe and market maker Citadel Securities, filed a lawsuit on the 3rd seeking to revoke the approval. The association claims that the CFTC acted independently, implying the SEC's absence...
