Regulatory Alerts2026-07-21 | 2026-14635Added · Updated
Order Providing Exemptive Relief To Facilitate Listing of Cash-Settled Futures on Individual Equity Securities
The Commodity Futures Trading Commission grants conditional exemptive relief to the Chicago Mercantile Exchange Inc. from the requirement that cash-settled security futures settle based on the opening price of the underlying securities. This relief permits the exchange to list cash-settled futures on individual equity securities that settle using the closing price, provided the underlying securities meet heightened listing standards. These standards require a minimum market capitalization of $100 billion, an estimated deliverable supply exceeding 20 million shares, and an average daily value traded of at least $450 million over the prior six months. The order becomes applicable as of July 16, 2026.
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