Accushares has produced the first exchange-traded product (ETP) based on the spot price of the Vix index. The company has prepared and listed two exchange-traded funds (ETFs), which will begin trading on the Nasdaq Exchange on Tuesday 19 May that will be based on a new spot version of an index that has suffered in the past with complications created by contango and backwardation, elements which have ended up penalising investors, in some cases severely. The new product is the Accushares Spot CB