# Federal Register #SR-OGM-2026-001

SEC Notice on Nadex’s Proposed Perpetual Single-Stock Futures

**Buyer:** Securities and Exchange Commission
**Posted:** October 02, 2026
**Identifier:** SR-OGM-2026-001

The SEC notice describes a proposed Nadex rule change for perpetual, cash-settled single-stock futures; it is a regulatory matter, not a government procurement.
- Government agency: U.S. Securities and Exchange Commission (SEC), which published the notice. The Commodity Futures Trading Commission (CFTC) is also referenced in connection with the proposal.
- Company named: North American Derivatives Exchange, Inc. (Nadex), the exchange proposing the contracts and platform operator. No procurement vendor or OEM is specified.
- Proposed contracts: Each would represent one share of an eligible stock, have no fixed expiration or scheduled final settlement, and use periodic real-time cash adjustments. Nadex proposes to offer them exclusively through its electronic trading platform.
- Illustrative underlying stocks: Alphabet (GOOGL), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA). Specific instruments would be announced separately.
- No products or services are being purchased, and the notice provides no quantities, part numbers, contract value, or performance period.

### Description

North American Derivatives Exchange, Inc. filed a proposed rule change to adopt contract specifications for cash-settled single-stock security futures, including perpetual security futures products (SFPs). The proposed rules cover listing, trading, margining, clearing, settlement, and adjustments; each contract represents one share of an eligible underlying stock and has no fixed expiration date or scheduled final settlement. The contracts would use periodic real-time pricing adjustments, be settled in cash, and be offered exclusively on Nadex’s electronic trading platform. The SEC notice solicits comments; the CFTC had not yet approved the proposal as of the notice.

[View original listing](https://www.federalregister.gov/documents/2026/10/02/2026-20194/self-regulatory-organizations-north-american-derivatives-exchange-inc-notice-of-filing-and-immediate)