Perpetual Security Futures Will Launch in United States
Investors will soon have access to new futures products on securities as four exchanges prepare for upcoming launches.
Updated on Oct. 14, 2026 in Investing
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Four exchanges are expected to begin trading perpetual futures on securities within the fourth quarter of 2026. This development expands the available range of derivative products for U.S. market participants.
Why it matters
Unlike conventional security futures that feature specific expiry dates, these new perpetual products provide a different mechanism for market exposure. The change follows the registration of five exchanges with the SEC via Form 1-N notices filed in September 2026.
Five exchanges submitted Form 1-N notices in September 2026 to trade security futures, with four expected to launch perpetual futures this quarter. This adds to the existing landscape where CME already offers cash-settled single-stock futures covering more than 50 U.S. stocks.
The players
SEC
The federal agency that enforces securities laws and regulates exchanges through oversight of registration filings.
CME
A major global derivatives marketplace that provides platforms for trading futures and options across various asset classes.
Coinbase
A digital asset exchange platform that has moved to register for trading regulated derivative products.
ICE Futures
A global operator of exchanges and clearing houses that facilitates trading in energy, interest rate, and equity derivatives.
The details
Exchanges register for trading security futures by submitting a Form 1-N notice to the SEC, which becomes effective upon submission. While conventional futures contracts require investors to account for specific expiration dates, perpetual futures do not have a set end date. This allows for continuous positions, differing from the cash-settled single-stock futures introduced by the CME on 27 July 2026.
Timeline
27 July 2026: CME introduced cash-settled single-stock futures.
September 2026: Five exchanges submitted Form 1-N registration notices to the SEC.
14 October 2026: An SEC official discussed the upcoming launch of perpetual futures.
Q4 2026: Four exchanges are expected to begin trading perpetual futures.
Money Landscape
The transition toward perpetual futures marks an evolution in the availability of derivative products for U.S. investors. This follows the established precedent set by the Form 1-N registration requirement, which governs how exchanges gain authority to list these specific security-based instruments.
The availability of perpetual futures may change how active investors manage their portfolios and market exposure throughout the quarter. Because derivative trading involves high risk and specific tax implications, investors should consult a qualified financial professional before adjusting their strategies.
The takeaway
The introduction of perpetual futures represents a new way to access securities, but these products differ significantly from standard stock ownership. Investors should review their risk tolerance and consult a professional regarding the potential tax and margin requirements associated with derivative products.
Further reading
Learn more about how derivative markets function in our guide to Investing.
Source note: This article includes information reported by Finance Magnates.
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