SPIKES® Futures - Now Trading in Pennies

Learn more about our incentive programs - SPIKES Futures Market Maker Incentive Program and SPIKES Futures Customer Volume Incentive Program. Read more about SPIKES Futures here or apply to the SPIKES Futures Customer Volume Incentive Program here.

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 (ticker: SPK)

Offered by MGEX via the CME GLOBEX® platform. Trade 23 hours a day, 5 days per week with highly accurate data and peak transparency.

Discover new choice and transparency in the market with ultra-low exchange fees and superior technology.

• SPIKES Futures Contract Specifications

• SPIKES Futures Summary

• Rules, see chapter 83

• Special Notice

• Contact us for more information

See more resources on SPIKES Futures

Learn more about SPIKES Volatility Products here.   

North American Hard Red Spring Wheat

• Contract Specifications
• Trading & Clearing Fees
• Clearing Members
• HRSW Brochure
• HRSW FAQ
• MGEX Crop Report Conference Calls
• Additional HRSW Information

MGEX™ Agricultural Index Contracts

Financially settled with no delivery, our Agricultural Index Contracts trade in all 12 months and offer guaranteed convergence to a spot price representing country origin pricing.  Whether you're a speculator or a hedger, our five agricultural index products offer you more choices in trading strategy.  Questions? Email Us for More Information.

• Wheat Indexes: Hard Red Spring, Hard Red Winter, Soft Red Winter
• National Corn Index
• National Soybean Index

MGEX™ Hard Red Spring Wheat Futures Incentive Program

The MGEX Hard Red Spring Wheat Futures Incentive Program offers a reduced fee for qualified traders based on trade volume. This opportunistic program applies to MGEX Hard Red Spring Wheat Futures Contracts. For more information, contact us.

MGEX™ Listing and Clearing Services

MGEX, a wholly owned subsidiary of Miami International Holdings, Inc., has over 140 years’ worth of derivatives expertise, and is recognized by the U.S. Commodity Futures Trading Commission as a Designated Contract Market (“DCM”) and Subpart C Derivatives Clearing Organization (“DCO”).  In addition, MGEX is recognized as a third-country central counterparty by the European Securities and Markets Authority. MGEX welcomes strategic business partnerships for the listing of, or support of, innovative products for diverse market participants. 

MGEX™ Clearing Redesign Project

MGEX is in the process of completely reengineering and modernizing its clearing house technology platform. The new MGEX Clearing System will employ a microservices driven design to deliver a real-time, end-to-end clearing solution. Click here to learn more.

MGEX™ Clearing Member Cash Interest Payment Program

MGEX Clearing Members may be eligible to receive an interest payment for USD cash balances that are posted for margin and security deposits at the MGEX Clearing House. For more information, please see the FAQ here. See current rates here.

Historic Grain Exchange Buildings

We have a variety of space available to meet your office needs.  Visit our Real Estate website at www.grainexchangerealestate.com or contact us.