CME's Duffy Highlights Unaddressed Tax Risk Associated with US Perpetual Futures
The approval of perpetual futures contracts in the US may expose traders to unforeseen tax and regulatory uncertainty, as the classification of these contracts as either swaps or futures remains ambiguous, CME Group Chairman and CEO Terry Duffy warned. In an interview, Duffy pointed out that this ambiguity has significant tax implications for all US participants. The comments come amid CME's ongo…