CME Sues CFTC Over Perpetual Futures, Urges Hyperliquid Reg Amid Trading Outage
CME is trading near its 52-week low of $244.56 (0.4% above the low).
Summary
CME Group is suing the CFTC to block the approval of perpetual futures, arguing it violates federal law and harms its competitive position. The company also urged the CFTC to require offshore Hyperliquid energy perpetuals to register, citing their impact on regulated prices. This follows CME's CEO warning against CFTC-approved perpetual futures in early June and the official lawsuit filing on June 18. Separately, CME experienced trading platform disconnects, disrupting its derivatives exchange. This operational issue, alongside the regulatory battle, poses significant risks to CME's business and market standing.
At the time of this announcement, CME was trading at $245.45 on NASDAQ in the Finance sector, with a market capitalization of approximately $88.9B. The 52-week trading range was $244.56 to $329.16. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Wiseek News.