CME Group sues CFTC over perpetual futures in US, accusing the agency of ‘suddenly’ changing course
The Block·
60-second summary
The CME Group is suing the Commodity Futures Trading Commission over its decision to allow perpetual futures to trade in the US, accusing the agency of 'suddenly' changing course. The lawsuit targets the CFTC's approval of perpetual futures contracts, which have no expiration dates, citing concerns over market manipulation and investor protection.
The CME Group is officially taking the Commodity Futures Trading Commission to court over allowing perpetual futures to trade in the U.S.