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.
Please note that Asian and Cliquet options are not currently available in the SpiderRock system.