SPIKES Volatility Index
The SPIKES Volatility Index (index symbol: SPIKE), is a measure of the expected 30-day volatility in the SPDR S&P 500 ETF (SPY). SPY is the largest exchange traded fund in the world and tracks the most watched stock index in the United States. SPIKES is built using the popular variance swap methodology and uses live SPY option prices to calculate volatility. This is consistent with the way the trading community is used to modelling risk and hedging exposure.
SPIKES Futures propels the industry forward with lower fees, more accessibility, new hedging opportunities, and peak data transparency. Powered by MIAX, and offered by MGEX via the CME GLOBEX® Platform, this groundbreaking and competitively prices product further rounds out the SPIKES portfolio.
Investors can amp up their trading with a new level of risk diversification and the sophisticated design features of the SPIKES index: proprietary price dragging and truncation methodologies with underlying SPY option component liquidity.
Ready to find the equity in ingenuity? Contact email@example.com to trade SPIKES Futures.
Learn more about SPIKES Volatility Products here.
Trading on MIAX. Give your portfolio an edge with 100% electronic execution that offers low latency and higher throughput.
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.
Learn more about SPIKES Options here.