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A contract that tracks a stock's price but never expires is heading to U.S. That instrument, called a perpetual, gives a holder exposure to an asset's price movement with no fixed settlement date.
crypto exchange, has asked the Securities and Exchange Commission to approve equity perpetuals that would trade around the clock, every day of the week.
What a perpetual is and how it differs Buying stock means owning a slice of a company.
Buying a futures contract means agreeing to settle a position on a specific future date, which forces the holder to either close the trade or roll it into a new contract before the deadline arrives.
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