US exchanges sell off again as perpetual futures concerns weigh

CME

Yesterday 18:05

** 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 

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))