BUZZ-US exchanges sell off again as perpetual futures concerns weigh

Miami International Holdings, Inc.
CME Group Inc. Class A
CBOE Holdings, Inc.

Miami International Holdings, Inc.

MIAX

0.00

CME Group Inc. Class A

CME

0.00

CBOE Holdings, Inc.

CBOE

0.00

** Shares of U.S. exchanges sell off again as perpetual futures concerns come to the forefront again

** Cboe Global Markets CBOE.Z down 6.2%, Miami International Holdings MIAX.N slides 9%, and CME Group CME.O falls 2.3%

** RBC analyst Ashish Sabadra points toward competition concerns from perpetual futures behind the selloff

** CFTC Chairman Michael Selig on Monday defended the agency's decision to approve perpetual futures domestically, arguing incumbents will always fear the future

** Exchange stocks have pulled back this month following the CFTC's approval of perpetual futures for bitcoin

** CFTC last month approved the way for the introduction of perpetual crypto futures, sparking concerns that U.S. exchanges could be hurt if such vehicles get extended across asset classes


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