Single-stock perps cleared in the US as watchdog calls them “another gambling product”

A day after Better Markets referred to single-stock perpetual futures as “another gambling product,” the Commodity Futures Trading Commission (CFTC) has announced that single-stock perpetual futures can now be traded on US exchanges. The announcement was made by CFTC Chairman Michael Selig. What the CFTC actually opened the door to Michael Selig, the Chairman of...