Jiaxin Wealth Management will collaborate with the Chicago Board Options Exchange to launch S&P 500 predictive market options

According to The Wall Street Journal, Jiaxin Wealth Management is collaborating with Cboe Global Markets to develop options based contracts that allow clients to place "yes" or "no" bets on the performance of the S&P 500 index. This product pays fixed cash or no return based on whether the index closing price is above the target level. Jiaxin Wealth Management and Cboe plan to utilize Cboe's "Plus Zone" feature to allow traders who predict near final results to receive partial returns. These products are expected to be launched in the coming months.