US stock perpetuals win clearance, but stock-market halts can still block exits

The CFTC said on Nov. 3 that US stock perpetual futures could begin trading on eligible regulated exchanges. These contracts track share prices without a fixed expiration date, but holders remain subject to stock-market halt rules that can interrupt an exit. Chairman Michael Selig said the contracts had been deemed approved under Regulation 40.3 . Eligible venues are designated contract markets also notice-registered with the SEC as securities exchanges, bringing the products into the agencies' joint security-futures framework. Kalshi says it now offers single-stock perpetuals , with no expiration date, but explicitly warns that they do not trade 24/7. Markets follow schedules with regular closures, and customers cannot open or close positions while a market is closed.

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