CME CEO Expresses Serious Concern About Perpetual Futures on June 5

According to CME CEO Terry Duffy on June 5, he expressed "very significant" concerns about the rise of perpetual futures, which recently received key approval from U.S. regulators. Duffy stated that perpetual futures contracts have little practical use for institutional investors while exposing retail traders to excessive risk. He noted concerns about the contract structure design and warned against retail traders lacking product knowledge facing forced liquidation through contract explosions.
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