Perpetual futures high-frequency trading flows reveal

High-frequency trading flows reveal that "perpetual futures" linked to semiconductor indices are in backwardation, reflecting cautious near-term views but strong positioning for year-end. Options market skews also align with the view of a potential post-earnings rally in chipmakers. In 2025, this strategy has evolved into a key play for retail traders who want to replicate the early success stories of exchanges like dYdX and Hyperliquid (HYPE). LMAX Group, the leading cross-asset marketplace for FX and digital assets has launched its perpetual futures offering. Infra-utilities "perpetual futures" display stable pricing patterns with low volatility, suggesting accumulation phases by dividend-focused portfolios. Steady yields could improve attractiveness versus treasury bonds.