Court Accepts Six-Firm Brief Opposing Stock Perpetual Trading Suspension

A court accepted a six-company objection to suspending trades in perpetual contracts tied to individual U.S. stocks, with Coinbase among the firms behind the filing.

The companies had earlier sought permission to file a brief arguing that the Commodity Futures Trading Commission has authority over these contracts. The companies’ request to file a brief concerned the dispute over perpetual contracts tied to individual U.S. stocks.

The accepted submission opposes suspending trading in those products.