Perps? They seem to be perpetually in the news these days, making headlines for any number of reasons.
 
Perpetual contracts have become one of the hottest topics in the financial industry, building on their already significant role in digital asset markets. That momentum accelerated when the CFTC in May approved the first bitcoin perpetual futures contract on a CFTC-regulated exchange. And just days ago, on November 3, the CFTC took another step toward bringing perps onto regulated venues, approving certain perpetual contracts on individual equity securities.
 
Not surprisingly, these developments have not come without controversy. Both actions have been challenged separately in federal court, adding another layer of legal and regulatory uncertainty and complexity to an already fast-moving market.
 
So, where does that leave market participants? Is your firm already trading perps, or should it be considering them? What advantages do perps offer over existing hedging instruments? Are they futures or swaps, and if the latter, what are the implications? And what regulatory considerations should CPOs and CTAs be thinking about?
 
Join AIMA and industry experts on Friday, November 20 at 10:00 am ET for a timely webinar on the state of the perps market.  Bring your questions.  Chances are, if you’re asking it, others across the industry are too.   

Panelists

• Dan Berkovitz, Vice Chairman, External and Regulatory Affairs, Millennium
• John D’Agostino, Head of Strategy, Coinbase Institutional
• Louis Froelich, Partner, Womble Bond Dickinson LLP

Moderator

• Daniel Austin, Head of US Markets Policy and Regulation, AIMA