Why a Cboe, Citadel backed group is suing CFTC regulators

What happened: A group including Cboe, Citadel Securities, the Capital Market Alliance, and the Healthy Markets Association filed a legal challenge to CFTC approval of perpetual derivatives on US stocks and ETFs, seeking to block single-stock perpetual futures. Why it matters: The speaker says incumbents push back on innovation that could damage their business, and that the CFTC and SEC are moving forward with these products, with more innovation expected for crypto and markets. Key numbers: The video airs daily at 12:00 p.m. Market: -0.1% today ($343.88), +39.2% YTD, 0.6x vol — as of 20:03 UTC

A group including Cboe, Citadel Securities, the Capital Market Alliance, and the Healthy Markets Association filed a legal challenge to CFTC approval of perpetual derivatives on US stocks and ETFs, seeking to block single-stock perpetual futures.

The speaker says incumbents push back on innovation that could damage their business, and that the CFTC and SEC are moving forward with these products, with more innovation expected for crypto and markets. Key numbers: The video airs daily at 12:00 p.m. Market: -0.1% today ($343.88), +39.2% YTD, 0.6x vol — as of 20:03 UTC