Cboe Joins Capital Markets Alliance in Legal Challenge Against CFTC Approval of Single-Stock Perpetual Derivatives
Cboe Global Markets (CBOE) has joined the Capital Markets Alliance (CMA) in filing a legal challenge against the Commodity Futures Trading Commission (CFTC). The lawsuit seeks to contest the CFTC's recent approval of single-stock perpetual derivatives and other securities-related products on CFTC-regulated platforms. Cboe CEO Craig Donohue argues that these products should be regulated under U.S. securities laws rather than through the CFTC, asserting that allowing them to trade outside traditional securities frameworks creates regulatory arbitrage and undermines investor protections. The coalition, which includes Citadel Securities and Healthy Markets Association, is seeking injunctive relief to preserve existing market oversight structures.
Tickers: $CBOE
Topics: CFTC regulation market oversight perpetual derivatives securities law