MIAX Options and T3 Index to Launch SPIKES Volatility Index; Proprietary Products to Follow on MIAX Exchanges

MIAX Options and T3 Index today announced that the SPIKES index (Ticker: SPIKE) will be launched on MIAX Options in April 2018. SPIKES measures the expected 30-day volatility in the SPDR S&P 500 ETF (SPY), one of the most actively traded securities in the world.  Additionally, SPIKES is equipped with proprietary design features such as "price-dragging" to help stabilize the index during times of market stress.