Volatility index options and futures spreads

A computer-implemented method, comprising:

• receiving, by a computer system and from a user device, an electronic message comprising a first portion and a second portion, wherein the first portion comprises data indicative of at least one leg of a first type and the second portion comprises at least one leg of a second type;
• determining, by the computer system, a first computer network destination based on an indication in the first portion of the electronic message and a second computer network destination based on an indication in the second portion of the electronic message;
• determining, by the computer system, that the at least one leg of the first type is satisfied at the first computer network destination and the at least one leg of the second type is satisfied at the second computer network destination;
• transmitting, by the computer system and through a wide area computer network, the first portion and a second electronic message to the first computer network destination and transmitting the second portion and a third electronic message to the second computer network destination, the second electronic message and the third electronic message comprising data for synchronizing execution of the at least one leg of the first type at the first computer network destination and execution of the at least one leg of the second type at the second computer network destination;
• receiving, by the computer system and through the wide area computer network, at least one confirmation electronic message indicating that the at least one leg of the first type and the at least one leg of the second type were executed substantially simultaneously;
• generating, by the computer system, an execution report that indicates that the at least one leg of the first type and the at least one leg of the second type were executed substantially simultaneously;
• and
• transmitting, by the computer system, the execution report to at least one portable electronic device connected to the wide area computer network.

A non-transitory computer-readable storage medium comprising instructions, which when executed by at least one processor of a computer system, cause the computer system to perform operations comprising:

• receiving, by a routing system in the computer system and from a user device, an electronic message comprising a first portion and a second portion, wherein the first portion comprises data indicative of at least one leg of a first type and the second portion comprises at least one leg of a second type;
• determining, by the at least one processor, a first computer network destination based on an indication in the first portion of the electronic message and a second computer network destination based on an indication in the second portion of the electronic message;
• determining, by the at least one processor, that the at least one leg of the first type is satisfied at the first computer network destination and the at least one leg of the second type is satisfied at the second computer network destination;
• transmitting, by the at least one processor and through a wide area computer network, the first portion and a second electronic message to the first computer network destination and transmitting the second portion and a third electronic message to the second computer network destination, the second electronic message and the third electronic message comprising data for synchronizing execution of the at least one leg of the first type at the first computer network destination and execution of the at least one leg of the second type at the second computer network destination;
• receiving, by the at least one processor and through the wide area computer network, at least one confirmation electronic message indicating that the at least one leg of the first type and the at least one leg of the second type were executed substantially simultaneously;
• generating, by the at least one processor, an execution report that indicates that the at least one leg of the first type and the at least one leg of the second type were executed substantially simultaneously;
• and
• transmitting, by the computer system, the execution report to at least one portable electronic device connected to the wide area computer network.