SEC Approves Cboe KPI Event Contracts for Robinhood
By The Weekly Edge desk ·
Summary
The SEC has signed off on Cboe's proposal to list event contracts based on corporate KPIs, which Robinhood plans to offer during the third-quarter earnings season, pending final clearinghouse registration. Cboe's filing foresaw up to 100 contracts covering 23 listed companies, including Apple, Tesla and Nvidia. The SEC said the contracts fall under standard securities rules and that its order does not rule out CFTC jurisdiction over similar products structured differently.
Why it matters
The SEC decision sets securities rules for KPI contracts, while leaving possible CFTC jurisdiction over differently structured products.