Buy an hour. Not a Friday.
Microtick lists options by fixed time to expiry, not on a strike / expiry grid — and assigns a strike and settles them against a price it derives in realtime from its own order book. No external reference price feed, and no licensing entanglement underneath it.
- 1Select a duration1m · 5m · 15m · 1h
- 2Trade open
- Premium paid by long side
- Strike assigned by exchange
- 3SettlementCash settled · or delivery
Watch the price form.
A simulation of the venue working. On the left, the underlying's own order book. On the right, market makers quoting premiums across the duration tiers. Between them, the price those premiums imply — the one every trade settles against.
The underlying market, stacked vertically by price.
Bars track the underlying's own move; the tighter band is Microtick's implied price — priced over durations, so it never chases the last tick.
Microtick's duration tiers — 5m, 15m, 1h — side by side.
Three ways into the market.
Three roles, one book. The first two produce the price between them; the third is what makes it worth publishing. None of them works without the other two — which is the whole reason a venue like this doesn't already exist.
Quote a premium
Post a directional premium for a call or a put in a duration tier. Price it against your own private view of the underlying — that view never leaves your process.
Take a side
Pick a quote, which fixes call or put, then make one decision: long or short. No strike grid, no expiration calendar, no rollover.
Consume the price
Continuous price action on a fixed time interval — a manipulation-resistant fair value, and a data product in its own right.
So why doesn't this exist yet?
Not because the mechanism is unproven — it runs, and you can watch it run. Because a venue like this can't be switched on by one party. It needs makers willing to quote a duration, desks willing to hedge one, and an exchange willing to publish a price it generates itself instead of licensing one. Each has been waiting on the other two.
That's the only thing still missing. Say which one you'd be, and we'll stop guessing who's out there.