Four Exchanges Will Launch Perpetual Security Futures
Trading platforms plan to introduce perpetual futures on securities in the United States by the end of 2026.
Updated on Oct. 14, 2026 in Investing
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At least four exchanges are set to begin trading perpetual futures on securities this quarter. This follows a move by five exchanges that submitted Form 1-N registration notices to the SEC in September 2026.
Why it matters
The expansion into perpetual products marks a shift from traditional security futures that carry fixed expiration dates. This transition offers new avenues for market participants to manage long-term exposure to equities through derivatives.
Five CFTC-regulated exchanges submitted registration notices for security futures products. These platforms join an evolving market that already includes CME, which manages cash-settled single-stock futures covering more than 50 US stocks.
The players
SEC
The United States Securities and Exchange Commission is the federal regulatory agency responsible for protecting investors and maintaining fair, orderly, and efficient markets.
CME
The Chicago Mercantile Exchange is a major global derivatives marketplace that offers a wide range of futures and options products.
Coinbase
Coinbase is a prominent digital currency exchange platform that provides services for buying, selling, and storing cryptocurrency assets.
The details
Eligible exchanges gain registration effectiveness upon submitting a Form 1-N notice to the SEC, allowing them to trade these specific financial products. Unlike conventional security futures that expire on set dates, these upcoming perpetual products are designed for continuous trading.
Timeline
27 July 2026: CME introduced cash-settled single-stock futures.
September 2026: Five exchanges submitted Form 1-N registration notices.
14 October 2026: SEC official discussed upcoming perpetual futures launches.
Q4 2026: Four exchanges are expected to start trading perpetual futures.
Market Dynamics
The introduction of perpetual products follows the regulatory framework established by the Form 1-N registration notice requirements. This move signals a broader structural shift in derivative offerings as exchanges look to modernize how investors access equity-linked products.
These new perpetual futures may change how retail and institutional investors manage their portfolios by removing expiration-related turnover. Investors should monitor how these products integrate into existing trading platforms and the potential for different margin requirements.
The takeaway
The move toward perpetual security futures represents an ongoing evolution in financial derivatives that removes the need for contract rollovers. Traders should familiarize themselves with the mechanical differences between perpetual and dated futures before participating in these new markets.
Further reading
For more on evolving market products, visit the United States Investing section.
Live Poll
Do you trust that new financial derivatives like perpetual futures will ultimately benefit individual investors?
