CFTC Lets Traders Bet on Stocks With Crypto-Style Perpetual Futures

The U.S. derivatives regulator has opened the door to perpetual futures on individual stocks, importing one of crypto’s most popular trading instruments into traditional equity markets for the first time. The Commodity Futures Trading Commission said Tuesday that “equity perpetual futures,” or perpetual contracts tied to individual stocks, can now begin trading on CFTC-registered exchanges. Perpetual futures, long a staple of crypto markets, are derivatives that track an asset’s price but carry...