Cboe Wins SEC Approval for Company-Metric Options as Launch Awaits Clearance

Cboe has SEC approval for cash-settled options on selected company performance metrics, but trading cannot begin until related clearinghouse filings and documents take effect or receive approval. The initial plan covers 23 U.S.-listed companies; Robinhood is set to be the first retail broker offering the contracts. The options are based on business or financial measures, not company share prices. Coinbase’s list covers total trading volume and transaction revenue, plus diluted net income per share, total revenue, and subscription and services revenue.

Also reported by TheCoinrise.

Source: TokenPost