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CFTC staff cleared fast-track rules for stock index perpetual conversions

The fast-track process requires exchanges to provide position holders five calendar days notice and an opportunity to exit.

Reported · Written up by our desk · Regulation

CFTC staff has cleared a fast-track procedure for exchanges looking to convert stock-index perpetual contracts, according to The Defiant.

Under the cleared approach, exchanges must give position holders five calendar days notice and provide them a chance to exit.

Exchanges converting contracts are also required to leave other material contract terms unchanged.

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