NYSE owner ICE partners with trade[XYZ] for US perpetual futures

Intercontinental Exchange, the parent company of the New York Stock Exchange, has partnered with trade[XYZ] to develop a regulated U.S. perpetual futures market on Hyperliquid that would operate around the clock. Summary NYSE owner ICE has partnered with trade[XYZ] to develop a regulated US perpetual futures market on Hyperliquid, with the proposed launch subject to CFTC approval. The planned market would offer 24/7 trading in perpetual futures tied to equities, indices, commodities, foreign exchange and cryptocurrencies through participating brokers and platforms. ICE is making a strategic investment in trade[XYZ], while billionaire investor Stan Druckenmiller is joining a group of investors backing the initiative. Trade[XYZ] said its existing Hyperliquid markets have processed more than $650 billion in trading volume in just over a year, with the company planning to continue expanding its HIP-3 offerings. The companies have yet to announce a launch date or specific contract details, with further information on products and customer eligibility expected as regulatory approvals progress. According to an announcement from trade[XYZ], the companies plan to establish a dedicated U.S. ...