Up to 10 million years ago the Mid-Atlantic Ridge and the two deep transform valleys of Conrad and Bouvet met in one point. Thus the triple junction was of the ridge-fault-fault (RFF) type. Conrad transform, stretching to the west, connected the end of the Mid-Atlantic Ridge to the American-Antarctic Ridge. Bouvet transform linked it to the Southwest Indian Ridge on the eastern side.
Currently Conrad transform and Bouvet transform are no longer connected to each other. The Mid-Atlantic Ridge is retreating northward, at a rate of 11 mm per year. New spreading sections of the American-Antarctic Ridge and the Southwest Indian Ridge are growing northward from the eastern end of Conrad transform and the western end of Bouvet transform respectively, striving for the shifting triple point. Thus the Mid-Atlantic Ridge is opening like a zipper. The new spreading sections are somewhat unusual:
One new spreading section of the American-Antarctic Ridge is not perpendicular to Conrad fault, violating the perpendicular pattern of alternating spreading ridges and transform faults generally seen on slowly spreading oceanic ridges.
The new part of the Southwest Indian Ridge is masked by the recently formed Spiess Seamount. This volcanic seamount is the highest point in the area after Bouvet Island. Spiess Seamount was named after captain Fritz Spieß of the German Meteor expedition of 1926.