Nasdaq seeks SEC approval for financial outcome options
Nasdaq has filed with the US Securities and Exchange Commission to offer binary outcome options on financial products, according to the report. The proposed Yes/No contracts would be priced from $0.01 to $1 and focus on the Nasdaq 100; the filing seeks SEC oversight rather than approval from the Commodity Futures Trading Commission.
The filing could establish an SEC-regulated route for financial Yes/No contracts separate from sports event markets.