One Trading becomes the world’s first regulated venue to launch 24/7 equity perpetual futures with full out-of-hours price discovery
AFM grants landmark extension to One Trading’s OTF licence – enabling continuous trading and central-limit-order-book price discovery on equity derivatives, 24 hours a day, 7 days a week.
Amsterdam, Netherlands – 8th January, 2026 – One Trading today announces that it has received a landmark regulatory extension from the Dutch Authority for the Financial Markets (AFM), enabling the company to offer 24/7 central-limit-order-book trading of equity perpetual futures – establishing One Trading as the only licensed venue in the world authorised to provide continuous, out-of-market-hours price discovery and trading on equity derivatives.
Alongside its MiFID II Organised Trading Facility (OTF) licence, One Trading also holds a MiCAR licence for spot trading and custody, making it the only venue globally able to combine regulated spot, custody, perpetual derivatives and continuous on exchange settlement in a single onshore EU market structure.
This extension marks a major evolution of the global equity derivatives market, introducing always-on trading, real-time price discovery and institutional-grade margining to a market that has historically been constrained to fixed trading hours and legacy clearing cycles.
Always-on equity markets for the first time
For the first time in the regulated financial system, equity derivatives will trade continuously, 24/7, on a fully regulated central limit order book.
This enables:
• Live price discovery outside of traditional exchange hours
• Continuous best-bid / best-offer formation from all market participants
• Immediate market access to global macro, geopolitical and earnings-driven events – regardless of time of day
The result is the creation of a truly global equity derivatives market, no longer bound by the opening and closing bells of local stock exchanges.
Launch products
One Trading will launch with:
• US single-stock equity perpetual futures
• Equity index perpetual futures
The platform will support:
• Cross-margining and portfolio margining
• Central-limit-order-book trading
• Integrated custody, clearing and real-time settlement
• Access for eligible retail and institutional clients
• Long and short positions
A new category of regulated market infrastructure
The new market structure introduces perpetual futures to equities for the first time within a fully regulated onshore framework, providing a more capital-efficient, precise and continuously tradable alternative to traditional dated futures and listed options.
These products provide:
• No expiries
• Continuous market driven pricing
• Real-time settlement
• Deep capital efficiency
• Unified collateral across asset classes
— representing a structural upgrade to the way equity risk is traded globally.
Executive commentary
Joshua Barraclough, Founder and CEO of One Trading, said:
“This is the moment equity markets become truly global, continuous and always-on.
For the first time in financial history, regulated equity derivatives can trade 24/7 with live price discovery, central-limit-order-book transparency and institutional-grade margining.
By combining MiFID II and MiCAR in a single trading venue, we have created a new category of regulated market infrastructure — one that unifies spot, custody, perpetual derivatives, clearing and settlement into a single always-on financial system.
This is not an incremental upgrade. It is a structural evolution of how equity risk is traded globally.”
About One Trading
One Trading is a regulated European trading venue headquartered in the Netherlands. The company operates a MiFID II Organised Trading Facility (OTF) and holds a MiCAR licence for spot trading and custody. One Trading is building the next generation of financial market infrastructure by unifying spot, custody, derivatives, clearing and settlement into a single real-time, always-on market structure.
Timeline
• Launch date end of Q1 2026
