Wall Street Warns Over Perpetual Futures

Wall Street executives warn that the Trump administration's push to approve perpetual futures introduces serious risks. Traditional exchanges argue these products are swaps rather than futures.

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Futures-options traders work on the floor at the New York Stock Exchange (NYSE) in New York City, US, November 4, 2026. REUTERS/Jeenah Moon

United States regulators pushed offshore perpetual futures into domestic markets, triggering legal challenges from CME GROUP INC and CBOE GLOBAL MARKETS INC over market stability. The expansion introduces 24-hour leveraged trading to traditional exchanges. Traditional venues warn that improper classification of perps as futures threatens multitrillion-dollar derivatives safeguards.