FLEX
FLEX throughout Documentation Site
Below are listed the various instances throughout the site where FLEX positions are discussed. Some locations have specific sub-sections dedicated to discussing FLEX orders while other locations have it interwoven with the rest of the content matter.
| Location | Description |
|---|---|
| FLEX Positions | How to upload FLEX SOD positions and manage risk for FLEX positions in general. |
| Live Option Basket Calculator | How to use MLink's option basket calculator with FLEX options or combination FLEX/Listed options. |
| FLEX in Trade App | How FLEX appears and is used in SpiderRock's Trade application. |
| FLEX Volatility | How SpiderRock calculates implied volatilities for FLEX options. |
| FLEX in ATS | How SpiderRock's ATS treats FLEX auction orders. |
FLEX Symbology
SpiderRock uses the OIS symbology to describe FLEX orders throughout our system.
| Value | Style | Settlement |
|---|---|---|
| 1 | American | AM |
| 2 | European | AM |
| 3 | American | PM |
| 4 | European | PM |
For example. a FLEX o_tkey that appears as “1APPL” will indicate that it is an APPL contract with an American exercise type and an AM settlement.