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Cboe and Citadel-backed Capital Markets Alliance sues the CFTC over single-stock perpetual futures, Reuters reports
- Cboe and Citadel-backed Capital Markets Alliance sues the CFTC over single-stock perpetual futures, Reuters reports — The group filed a federal lawsuit on November 3 aiming to block the CFTC from authorizing perpetual futures contracts on individual company stocks, arguing the agency sidestepped Congress and the SEC's jurisdiction. A CFTC spokesperson called the lawsuit troubling interference with CFTC-regulated markets. (Reuters)
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