By Vicky Ge Huang
Exchange company stocks sold off Tuesday after the Commodity Futures Trading Commission last week laid out a framework for registered U.S. platforms to launch perpetual futures.
Shares of CBOE Global Markets fell 8.4%, while CME Group declined 2.8%. Nasdaq Inc. retreated 5.3%. Intercontinental Exchange, the parent company of the New York Stock Exchange, slipped 1.8%.
-- Perpetual futures are a type of derivative contract that never expires and allows traders to use massive leverage to amplify gains or be exposed to big losses. They trade 24/7, allowing traders to react to market events outside of standard trading hours. If widely adopted, perpetual futures could pose competition to exchange operators offering traditional stock and derivatives trading.
-- The CFTC also approved the listing of a bitcoin perpetual futures contract at prediction-markets platform Kalshi, and allowed Coinbase's U.S. customers to access its global perpetuals through an affiliate.
Read more on perpetual futures here:
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
June 02, 2026 16:45 ET (20:45 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments