The Commodity Futures Trading Commission (CFTC) allows exchanges to convert index futures contracts into true perpetual contracts
TL;DR The CFTC staff has issued temporary no-action relief allowing certain contract markets to convert certain broad security index futures contracts into true perpetual contracts. Exchanges can remove expiration dates if they meet customer protection, notice and deposit requirements. The relief is narrow, applies to existing eligible contracts, and expires on October 20. The US … Read more