PANews, September 23 — Kalshi has filed a proposed rule change with the U.S. Securities and Exchange Commission (SEC), planning to add Chapter 14 to its rulebook in order to list perpetual securities futures products with no fixed expiration date. These contracts anchor their price near the spot price of the underlying U.S. stock or ETF through periodic funding rates between long and short sides, and are intended to be cleared by its clearing platform Kalshi Klear.
Underlyings must simultaneously meet the following conditions: deliverable supply exceeding 20 million shares, a market capitalization of at least $100 billion, and an average daily trading volume of at least $450 million over the past six months. Most contract units are 100 shares.
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