MENU SPIKES® Futures 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 mgex@mgex.com to trade SPIKES Futures. Read our SPIKES Futures Overview Learn more about the SPIKES Futures Incentive Program 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. Resources 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. SPIKES Resource Guide All your key documents in one place DOWNLOAD Introduction to SPIKES Read our Introduction to SPIKES DOWNLOAD SPIKES FAQ Sheet Download our FAQ Sheet DOWNLOAD Index Index Methodology Complete walkthrough of SPIKES index calculation DOWNLOAD Settlement Process Guide describing how the settlement value is determined DOWNLOAD Peter Carr White Paper Study by Peter Carr on differentiators of SPIKES DOWNLOAD Vrije University White Paper Study by Vrije University Amsterdam on differentiators of SPIKES DOWNLOAD Index Calculation Spreadsheet Interactive SPIKES Index calculation example worksheet DOWNLOAD VSPIKES Index Methodology Complete walkthrough of VSPIKES index calculation DOWNLOAD VSPIKES Index Summary Overview of VSPIKES Index DOWNLOAD Futures Futures Summary Brief Overview of SPIKES Index and Futures DOWNLOAD Futures Contract Specifications Characteristics of SPIKES Futures DOWNLOAD How to Trade SPIKES Futures Information on Trading SPIKES Futures DOWNLOAD Rate Card Fee schedule for SPIKES and related transactions DOWNLOAD Expiration Calendar Monthly expirations for SPIKES Options and Futures DOWNLOAD SPIKES® PERFORMANCE SPIKES PRICE ( ) PRIOR DAY CLOSING 1d 5d 1M 6M YTD 1Y 2Y 5Y All Click and Drag the chart to zoom to your selection. Data as of Visit our Index Data page for comprehensive data and tools. SETTLEMENT SNAPSHOT SETTLEMENT PRICE FOR The next settlement auction will be held on: after 9:30am EST. Visit the Settlement Data page for tools and access to an archive of settlement prices. ANALYTICS QuikStrike offers powerful analysis and pricing transparency, letting traders track the performance of SPIKES for more informed decisions. Visit miax.quikstrike.net SPIKES Analytics provides analysis and insights on the settlement auction for SPIKES Volatility Index Options. Visit spikesanalytics.com POTENTIAL TAX ADVANTAGES Certain cash-settled index options and futures, such as options and futures on SPIKES Index, that are listed in the United States may be eligible for the preferential 60/40 tax treatment. The ratio is such that 60% of any gains could be taxed as long term capital gains and the remaining 40% as short term capital gains. Options and futures on the SPIKES Index may fall into his category. Please consult your tax professional for advice on this topic. See www.irs.gov/forms, for self-directed guidance from the government's IRS website. MIAX and its affiliates do not offer tax advice. SPIKES DATA ACCESS Visit the Data Download page for access to Daily Full 100ms Tick Data and O/H/L/C Data Sets. THE OPTIONS INSIDER The Options Insider Volatility Views podcast is a weekly 60 minute show on volatility products for volatility traders, sponsored by MIAX. SPIKES INFORMATION Download our FAQ Sheet to find answers to some common questions.