What We Know
Multiple news reports say Cboe (the options exchange) has applied to the U.S. Securities and Exchange Commission to list event‑based, binary or “all‑or‑nothing” options whose payoff would depend on whether a named corporate metric meets a specified threshold. Those proposed contracts would be linked to company performance measures — described in coverage as earnings metrics or broader key performance indicators (KPIs) — instead of the underlying stock price used by conventional options. Reports note that the filing frames the instruments as prediction‑market‑style contracts and that the universe of potential reference metrics could be large: some coverage cites more than 100 corporate KPIs under consideration. At least one example mentioned in the reporting is a contract tied to Coinbase trading volume. Coverage does not lay out the full list of metrics, settlement mechanics, or the SEC’s response.
Source Comparison
Aligned reportingCorroborates
- Bloomberg↗Reports that Cboe filed with the SEC to list event-based, all-or-nothing/prediction-market style options tied to corporate metrics (earnings/KPIs), and notes a broad universe of potential KPIs including specific examples.
- johnlothiannews.com↗Reposts reporting that Cboe applied to the SEC to list binary, event‑based options whose payoff depends on whether named corporate metrics meet thresholds, describing them as prediction‑market style contracts.
- chicagobusiness.com↗Confirms Cboe’s SEC filing to list prediction‑market type, all‑or‑nothing options linked to company performance measures (earnings metrics/KPIs) rather than underlying stock prices.
- yogonet.com↗States that Cboe filed with the SEC to launch corporate, prediction‑market‑style binary options tied to company KPIs, aligning with the account that the contracts reference corporate metrics instead of stock prices.
- ababnews.com↗Reports that Cboe applied to U.S. regulators to list all‑or‑nothing options based on corporate earnings metrics/KPIs rather than stock prices, supporting the central filing claim.
- thecurrencyanalytics.com↗Notes Cboe’s push to the SEC emphasizing a universe of 100+ corporate KPIs for proposed binary options, corroborating coverage that the filing contemplates a large set of possible reference metrics.
- en.bloomingbit.io↗Specifically highlights that Cboe’s proposed binary options could tie to company KPIs and mentions an example contract tied to Coinbase trading volume, supporting the briefing’s example.