Derivatives have never been less derivative.
SPIKES Futures (SPK) propel the industry forward with zero exchange fees (for a limited time), 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 priced 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.
How SPIKES Futures Measure Up
Disclaimer: This chart provides a summary of the VIX Futures transaction charges assessed by CFE as of the publication date. While every attempt has been made to provide an accurate summary of relevant CFE fees, there are no guarantees as to the accuracy or completeness of this summary. Fees are subject to change. Readers should consult the complete, official, and current CFE Fee Schedule.
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
How to Trade
Information on Trading SPIKES Futures
Brief Overview of SPIKES Index and Futures
Complete walkthrough of SPIKES index calculation
Characteristics of SPIKES Futures
Guide describing how the settlement value is determined
Fee schedule for SPIKES and related transactions
Interactive SPIKES Index calculation example worksheet
Study by Peter Carr on differentiators of SPIKES
Monthly expirations for SPIKES Options and Futures
Study by Vrije University Amsterdam on differentiators of SPIKES
Combo Linked to
A strategy for the exchange of SPIKES Futures and Options combinations