纽约证券交易所推出全有或全无期权，覆盖个股与公司业绩指标劳拉·马修斯撰稿纽约，10月27日电 纽约证券交易所正准备开始交易一种新型期权合约，允许投资者对某只股票或交易所交易基金（ETF）收盘价将高于还是低于设定价格进行全有或全无的押注。
NYSE moves to bring all-or-nothing options to stocks and company earnings By Laura Matthews NEW YORK, Oct 27 - The New York Stock Exchange is preparing to start trading a new type of options contract that lets investors make all-or-nothing bets on whether a stock or exchange-traded fund will close above or below a set price.
此次推出正值期权和事件驱动型合约交易激增之际，促使交易所开发新产品，以吸引寻求更精准表达市场观点和管理风险方式的散户和机构投资者。
The launch comes as trading in options and event-based contracts has surged, prompting exchanges to develop new products that appeal to both retail and institutional investors looking for more precise ways to express market views and manage risk.
纽约证交所还在寻求第二款与公司盈利指标挂钩产品的批准，这是交易所利用事件驱动交易旺盛需求的最新举措。
NYSE is also seeking approval for a second product tied to company earnings metrics, the latest push by exchanges to capitalize on booming demand for event-driven trading.
二元回报期权合约预计将在几天内开始交易。标的证券阵容包括12只，涵盖苹果、英伟达、特斯拉和SPDR标普500ETF信托基金，未来将陆续增加更多标的。
The binary return options contracts are expected to begin trading within days. The lineup includes 12 underlying securities, including Apple, Nvidia, Tesla and the SPDR S&P 500 ETF Trust, with additional securities to be added over time.
纽约证交所首席产品官凯文·泰勒表示：“过去几年，我们看到美国期权市场出现了惊人的增长。深入分析这部分成交量增长，会发现对新的交易方式或新产品有很大的兴趣。”
"We've seen this incredible growth in the US options market over the last several years. When we look inside that volume growth, there's a lot of interest in newer ways to trade or newer products to trade," said Kevin Tyrrell, chief product officer at NYSE.
期权合约赋予持有者以预定价格买入或卖出标的资产的权利，而非义务。
Options contracts give holders the right, but not the obligation, to buy or sell the underlying asset at a predetermined price.
纽约证交所还在等待美国证券交易委员会批准二元关键绩效指标（KPI）期权，该期权将根据公司报告的特定指标结果高于还是低于某一阈值来向投资者支付收益。
NYSE is also awaiting US Securities and Exchange Commission approval for binary key performance indicator, or KPI, options, which would pay investors based on whether a company reports a specified result above or below a certain threshold.
与价值取决于股价波动的传统股票期权不同，KPI期权将允许投资者直接对净销售额、每股收益、云计算收入或汽车产量等指标进行交易。
Unlike traditional stock options, whose value is tied to share price moves, KPI options would allow investors to trade directly on metrics such as net sales, earnings per share, cloud-computing revenue or vehicle production.
这些现金结算的欧式合约——意味着只能在到期时行权——将在到期时支付 1 美元或什么都不支付，具体取决于所报告的指标是否达到合约的行权水平。
The cash-settled, European-style contracts, meaning they can be exercised only at expiration, would pay either $1 or nothing at expiration, depending on whether the reported metric meets the contract's strike level.
芝加哥期权交易所全球市场公司最近获得批准，与 Robinhood 合作推出类似的基于 KPI 的合约。
Cboe Global Markets recently received approval for similar KPI-based contracts in partnership with Robinhood .