CFTC Press Releases/
CFTC Issues No-Action Letter for DCMs Regarding Converting Existing Perpetual-Style Broad-Based Security Index Futures into True Perpetual Futures
The CFTC issued a no-action letter allowing designated contract markets (DCMs) to convert existing perpetual-style broad-based security index futures into true perpetual futures by removing expiration dates, subject to specific customer protection and procedural requirements.
medium impactneutralBroad-based security index futures
Read the original report at CFTC Press ReleasesWhy It Matters
This regulatory relief provides a clear pathway for exchanges to modernize derivative product structures, potentially increasing market efficiency and liquidity for index-based perpetual products.