Mike Selig
speaker
632 appearances
5 recordings
3 series
first heard Feb 2026
last heard 2 Jul
Mike Selig’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 5 in all, peaking in Feb 2026 with 2.
Appearances
But the two areas where we expect engagement in the near term are additional crypto products and
and some of these equity products.
And that equity engagement will be between the SEC and the CFTC.
That's right.
Look, some of these incumbents may not like perps and want to offer perps too.
And that's totally fine.
I think there could be competition between a 24-7 model that someone wants to offer and feels comfortable with versus a perpetual 24-7 model.
So I think there will be all sorts of options available to the market and the marketplace will decide.
I think it's a free option.
and people can go purchase the assets they want to purchase.
But we're going to make sure that there's rules and regulations in place to protect investors when they do so.
Well, if you look at other commodity asset classes, this is not uncommon because you have so much leverage in the derivatives markets.
So our global derivatives markets are actually 1.2 quadrillion notional.
So there's a lot of trading volume there if you think about that as well.
It's just a lot more to be traded.
That's correct, but I don't necessarily think it tells the whole story.
I think this is something if you mapped on other commodities to that same framework, you'd have a similar amount of leverage in the system, a similar amount of volume disparity from spot to spot.
futures market and also in particular with commodities the futures market is much more liquid and you've got the ability to go trade on an exchange whereas with live cattle you're going to an auction so it's a little bit different market to market but it's certainly something that we're looking at and thinking about the
Core concern for us is that these markets are not readily susceptible to manipulation.
So if we're looking at, for example, Bitcoin relative to some meme coin of choice, Pepe or something like that, we're going to think about how much supply there is, how much spot trading, how much susceptibility there is to manipulation in the spot relative to the futures.
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