According to *The Wall Street Journal*, Charles Schwab is collaborating with Cboe Global Markets to launch binary options (yes-or-no contracts) tied to the performance of the S&P 500 Index. These options will allow clients to make directional trades based on whether the index is above or below a specific target price, with full or zero cash settlement upon expiration. Some products may offer partial payouts if the target is nearly but not fully achieved. The mechanism is similar to prediction markets but presented in the form of regulated derivatives. Sources familiar with the matter say these products are expected to be available to clients in the coming months and may expand to other financial indicators, but will not include event-based targets like sports or entertainment. https://www.(wublock123.com)/news/charles-schwab-cboe-sp500-binary-options-launch-63109