Former FTX US Head Plans ‘Perps’ Trading Venue for Stocks (1)

The former president of FTX US, Brett Harrison, is back with plans to bring a key force behind crypto market volatility to the more staid world of stocks and commodities trading: perpetual futures contracts.

While crypto venues regularly deal in these non-expiring contracts for digital assets, Harrison’s software startup Architect Financial Technologies plans to offer access for foreign currencies, interest rates, single stocks, stock indexes, metals, energy, and other commodities. The venture got approval to operate its new venue out of a regulated entity with the Bermuda Monetary Authority, according to Harrison.

Brett Harrison

Photographer: Michael Nagle/Bloomberg

Eventually, the firm is looking to ...