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Why is the IG vix level not aligned to CBOE vix level, IF VIX is greater than 100 pt's more than CBOE' which as far as I understood the IG vix is supposed to be the CBOE VIX?


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2 hours ago, nikstem said:

how come the world has a Vix level that's different to IG VIX? is IG Vix not supposed to be CBOE VIX?

Hi @nikstem

Thanks for reaching out. If you are viewing the VIX futures contract, please kindly note that the price would be different as the price on the IG platform includes spread. 

If you are looking at the 'Undated' contract, this is priced differently. For all other commodities a cash price does not exist in the underlying market; therefore, it is a synthetically created price which is derived by adjusting the future’s price, this derived price is called the undated price for undated commodities .
To price undated commodities we use two futures contracts of the underlying commodity, we look at the contracts with sufficient liquidity and nearest expiry. 

All the best, OfentseIG

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