CFTC Lets Exchanges Convert Index Futures Into True Perpetual Contracts
Summary
The CFTC’s Division of Market Oversight issued temporary, conditional no-action relief allowing designated contract markets to convert certain broad-based security index futures into contracts without expiration dates. Exchanges must consult affected traders, provide advance notice and exit opportunities, disclose risks, preserve other material terms, and meet filing and certification requirements. The relief runs through October 20 and does not authorize unrestricted perpetual products. The move follows earlier staff guidance on certain digital-commodity perpetual futures, extending the contract structure to regulated index products.
