[JPMorgan: Perpetual Contracts Difficult to Replace Traditional Futures Market] Odaily Planet Daily News - JPMorgan stated that its client surveys indicate limited institutional interest in perpetual futures outside of speculative trading. The bank cited factors such as basis risk, lack of term structure and physical delivery, and clearing concerns as the main obstacles to adopting perpetual futures. Offshore perpetual contract trading is still dominated by a few large participants, posing scalability issues.