Charles Schwab plans Cboe partnership for S&P 500 binary options
Charles Schwab plans to introduce binary options linked to the S&P 500 through a partnership with Cboe Global Markets, reportedly within the next few months. The proposed contracts would concern financial-market outcomes, not sports, and could include a Cboe feature offering partial payouts for near-correct predictions.
The proposed product would add a major brokerage firm to financial-outcome prediction trading, while excluding sports contracts.