Trade like an innovator.
Trading on MIAX®, one of the fastest and most efficient options platforms in the world, our fully electronic execution offers low latency and high throughput. Thanks to MIAX's unparalleled determinism and unmatched uptime, SPIKES Options (SPIKE) allows traders to do more, more often.
Now, with the release of SPIKES Futures, volatility traders will also benefit from a tighter bid/ask spread in the SPIKES Options market, significantly enhanced hedging opportunities, and increased arbitrage opportunities.
You don't have to settle when it comes to volatility products. Contact firstname.lastname@example.org to get started.
The SPIKES Index and volatility products offer a number of unique features designed to produce highly accurate, robust data and create a transparent and open auction settlement process.
All your key documents in one place
Read our Introduction
Complete walkthrough of SPIKES index calculation
Guide describing how the settlement value is determined
Study by Peter Carr on differentiators of SPIKES
Study by Vrije University Amsterdam on differentiators of SPIKES
Interactive SPIKES Index calculation example worksheet
Brief Overview of SPIKES Index and Options
Characteristics of SPIKES Options
Fee schedule for SPIKES and related transactions
Combo Linked to
A strategy for the exchange of SPIKES Futures and Options combinations
Monthly expirations for SPIKES Options and Futures
Incentive program for