March 2 (Reuters) – Nasdaq has sought approval from the U.S. Securities and Exchange Commission to roll out prediction markets options on a major stock index, according to a regulatory filing.
The exchange operator is seeking to list binary options on its Nasdaq 100 index and the Nasdaq 100 micro index, according to the proposal.
The Nasdaq 100 tracks 100 of the largest, non-financial companies listed on Nasdaq’s exchange, including Apple, Nvidia and Intel. The micro index is based on the 1/100th of the full value of the Nasdaq 100.
(Reporting by Arasu Kannagi Basil in Bengaluru)
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