Pricing and Spread Benchmarks

ClickOptions commits to publishing independent, data-driven benchmarks of its option pricing and market quality, ensuring full transparency for traders and partners.

Benchmark Reports

• Reports are published on a weekly, monthly, and quarterly basis.

• Each report compares ClickOptions quotes and liquidity against major external options venues (names not disclosed, but benchmarked against industry leaders).

• The goal is to provide transparent evidence that ClickOptions consistently delivers competitive spreads and meaningful liquidity.

Methodology

1. Data Collection

   • ClickOptions records all live bid/ask quotes for its listed assets.

   • External benchmark data is collected from major venues via public APIs at synchronized timestamps.

2. Spread Comparison

   • For each listed strike and expiry:

     • Calculate ClickOptions’ best bid–ask spread.

     • Compare against benchmark venues’ spreads.

   • Spreads are normalized as a percentage of option premium to allow fair cross-venue comparison.

3. Volume & Depth Analysis

   • Report includes best bid/ask depth: how much volume is available at top-of-book on ClickOptions vs. competitors.

   • Ratio of ClickOptions depth to benchmark depth is published, giving a liquidity coverage score.

4. Reporting Frequency

   • Weekly Snapshot: high-level spread + volume coverage for the week.

   • Monthly Report: detailed analysis with average spreads per asset and tenor.

   • Quarterly Report: long-term trend analysis across assets, showing ClickOptions’ relative competitiveness.

Example Metrics (Published in Reports)

• Average bid–ask spread (% of premium).

• % of time ClickOptions had the best price vs benchmarks.

• Top-of-book depth ratio (ClickOptions vs market).

• Effective liquidity score (weighted by volume).

Transparency Commitment

• Reports are made public and archived in the ClickOptions GitBook + Research Portal.

• Methodology is fully disclosed and reproducible, allowing independent validation.