CFTC Lets Exchanges Convert Index Futures Into True Perpetual Contracts

TL;DRCFTC staff has issued temporary no-action relief allowing designated contract markets to convert certain broad-based security index futures into true perpetual contracts.
Exchanges can remove expiration dates if they meet customer-protection, notice and filing conditions.
The relief is narrow, applies to existing qualifying contracts and expires on October 20.The U.S. derivatives market is taking another step toward a contract structure crypto traders know well: the true perpetual future.
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